Audit and Assurance

KPMG in Estonia has established a strong reputation for delivering high-quality audit services designed to enhance the reliability of information prepared by our clients for use by investors, creditors and other stakeholders. Our auditors have in-depth knowledge and extensive experience in both national and international reporting standards. We tailor our services to meet each client’s specific needs.

Although we are subject to external review by the national audit regulator, stringent quality procedures have also been established within KPMG network, and we take rigorous steps to monitor our independence and objectivity.

In addition to auditing financial statements we also provide other assurance and accounting advisory services. 

An audit is efficient when the auditee derives value from the audit including timely and practical resolution of accounting issues as they arise, minimised involvement of the auditee’s staff, independent and objective advice, and effective communication with stakeholders.

Our clients say that KPMG provides assurance and reputation of quality. KPMG audit also means robust risk analysis and support in finding solutions, and high quality of communication is a particular feature of KPMG's audit process.

Addressing your needs 

• A KPMG audit is based on understanding your business drivers and risks. 
• On planning an audit we focus on the most relevant areas and key risks. 
• Our audit approach is consistent and thorough, and we keep you posted on the process. In order to avoid unpleasant surprises, we communicate any potential issues to you as soon as the issue arises.
• Our environmentally-friendly eAudit tool is based on long-term experience of KPMG network member teams. KPMG eAudit is flexible and it can be customised to any engagement, whether a major international group audit or a small company review. We offer each client an audit service tailored to their specific needs thus enhancing the value the client derives from the audit.

Our services cover the following areas:

• Audits of financial statements prepared in accordance with IFRS and other accounting standards 
• Reviews of annual and quarterly financial statements 

While financial statements audits can provide invaluable business data, we believe business leaders need assurance that goes beyond the traditional financial audit. 

After all, deciding which risks are worth taking is challenging enough, but what about when decisions must be based on information, systems or processes that are inaccurate, ambiguous or simply unknown?

Without the right level of assurance it is difficult to know if management is at the right level. Management itself can thus become risk exposure.

Our other assurance and accounting advisory services are aimed at addressing just such challenges. 

Addressing your needs 

• We help enhance the reliability of non-financial data and assessment. 
• We add to assurance about the accuracy of financial forecasts. 
• By drawing upon the right mix of skills from our Advisory and Tax experts, we will ensure you get the support you need.

Our services cover the following areas:

• Reports on financial information prepared for IPOs and listings
• Regulatory and contractual assurance (including EU and other grant audits)
• Revenue assurance 
• Future/forecasts assurance
• Sustainability reporting assurance
• Other assurance services specifically tailored to the client’s needs
• Financial accounting advisory and agreed upon procedures

With the growing complexity of today’s business environment and transactions, financial reporting is becoming increasingly challenging. This challenge is amplified by the significant changes in the financial reporting standards and the legal environment. Numerous companies are seeking to improve their processes to obtain a timely and accurate understanding of the company’s financial position and performance. The rapidly growing companies, however, may lack the time and resources for aligning financial reporting with the needs of the business.