Audiitorteenuse

What Audiitorteenuse does

Audiitorteenuse OÜ is a Tallinn-based boutique audit firm founded in 2005 that delivers statutory and non-statutory audit-related services to Estonian companies. Its core products comprise five service lines: full-scope financial statement audits providing positive assurance under International Standards on Auditing (ISA); limited-assurance review engagements for entities below audit thresholds; mandatory non-monetary contribution evaluations for private limited companies with share capital of €25,000 or more paid in assets; pre-purchase financial position reviews for M&A due diligence; and special audits addressing specific management or financial questions. Methodology is anchored to ISA and Estonian Accounting Act requirements, with audit work performed by three authorised auditors (Kersti Soodla, Evelin Joakit, Signy Villems) supported by one auditor and four assistants, all based at the firm's Sõle 14, 10611 Tallinn office.

The client base spans Estonian enterprises in manufacturing (Konecranes Estonia, Kitman-Thulema, Rehau Polymer, Raumedic Estonia), distribution (ALSO Eesti, Tavex, Semetron), retail (TKM Beauty, TKM Kinnisvara), finance (Wise Guys Ventures Fund 1, FS Capital Management, Altius Capital), technology (Insly, TAVT), legal (Eversheds Sutherland Ots & Co), and other sectors, drawn primarily through mandatory audit requirements under Estonian law. Engagement fees are based on hourly or daily rates of specialists performing the work, with quotes provided on request — no public pricing exists. The firm holds the highest quality control grade from the Estonian Board of Auditors and positions itself as a personal-service boutique alternative to Big 4 and mid-tier network firms, leveraging director-level involvement in Estonia's audit methodology commission and the European Federation of Accountants.

Name

Audiitorteenuse

Legal name

Audiitorteenuse OÜ

Website

https://audiitorteenused.ee

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Audiitorteenuse OÜ is a Tallinn-based boutique audit firm providing statutory audits, reviews, pre-purchase financial assessments, non-monetary contribution evaluations, and special audits to Estonian enterprises across manufacturing, distribution, finance, technology, and other sectors.

Ownership category

akta.pro rank

Product category

Audit & Assurance Services

NAICS

Offices of Certified Public Accountants (541211)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742)

akta.pro primary industry

Audit & Assurance Services (BPAHABAA)

Keywords

• Financial statement auditing
• Statutory audit services
• Audit assurance engagements
• Pre-purchase financial review
• Special audit services

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Audit Services: Providing audit engagements that give positive assurance on financial statements, following International Standards on Auditing (ISA). Revenue based on professional service fees calculated on time spent (hourly/daily rates of specialists).
2. Review Services: Limited assurance engagements providing lower level of assurance than audits. Review services cost less than audits and are prepared faster.
3. Non-monetary Contribution Evaluation: Auditor assessment required when payment for shares is made in assets rather than cash. Mandatory for private limited companies when share capital is 25,000 euros or more.
4. Pre-purchase Financial Position Review: Financial position analysis for companies being acquired or merged. Conducted by independent experts to provide objective situation mapping.
5. Special Audit Services: Engagements answering specific questions related to company management or financial position. Scope agreed in engagement letter with written report as outcome.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Audiitorteenuse OÜ is a Tallinn-based boutique audit bureau that delivers statutory financial statement audits, limited-assurance review engagements, non-monetary share-contribution evaluations, pre-purchase financial position reviews for M&A, and special audits for Estonian companies. Engagements are performed by authorised auditors (vandeaudiitor) under International Standards on Auditing (ISA) and Estonian regulatory requirements, with deliverables including audit reports, review reports, and written reports on specific management or financial questions. The firm also advises on the Estonian audit threshold regime and serves public limited companies, large enterprises, state entities, and foundations required by law to undergo audit or review.

Product overview

Audiitorteenuse OÜ is a professional auditing firm offering a portfolio of audit-related services. The core offering consists of five interconnected services: Audit (providing positive assurance on financial statements), Review (limited assurance at lower cost), Examination of Non-Monetary Contribution Evaluation (mandatory for certain share capital situations), Pre-Purchase Review of Financial Position (for M&A due diligence), and Special Audit (custom engagements for specific management questions). These services are designed for Estonian companies requiring statutory audit or review services under Estonian Accounting Act requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit Financial statement auditing service that provides positive assurance to the public that financial statements are free from material misstatements. The outcome is a report stating whether the financial statements give a true and fair view of the company's financial position, performance, and cash flows. Targeted at Estonian public limited companies, large enterprises exceeding audit thresholds, public sector entities, state-owned enterprises, and foundations subject to mandatory audit.
• Review (Ülevaatus) Limited-assurance engagement that provides lower assurance than an audit but is prepared faster and at less cost. The objective is to establish that no circumstances exist that would refer to errors in financial statements. Targeted at Estonian companies meeting review thresholds under the Estonian Accounting Act.
• Examination of Non-Monetary Contribution Evaluation (Mitterahalise sissemakse hindamise kontrollimine) Auditor's assessment required when payment for shares is made in assets rather than cash. For private limited companies (osaühing), this examination is compulsory if share capital is 25,000 euros or more. Verifies that non-monetary contributions can be subject to claims and are monetarily appraisable. Targeted at Estonian private limited companies with non-cash share contributions.
• Pre-Purchase Review of the Financial Position (Ostueelne finantsseisu ülevaatus) Financial position analysis conducted before acquisition or merger of companies to ensure objective mapping of the target company's situation at a certain moment in time. Conducted by an independent, unbiased expert not involved in the transaction. Targeted at Estonian companies and shareholders undertaking M&A.
• Special Audit (Erikontroll) Audit aimed at finding answers to specific questions related to company management or financial position. Procedures are agreed in detail in an engagement letter, and a written report is submitted upon completion. Targeted at Estonian companies whose shareholders (holding at least 1/10 of capital) request a special audit under Estonian law.

Named customers41 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Grant Thornton Baltic: International audit and advisory network with a Baltic practice that recruits from the same Estonian talent pool. Several Audiitorteenuse team members previously worked there, indicating overlap in client base and professional market.
• Baker Tilly Estonia: International mid-tier accounting network with Estonian operations providing audit, accounting, and advisory services. Targets the same mid-market audit-mandated clients as Audiitorteenuse.
• Deloitte Estonia: Big 4 audit and advisory firm operating in Estonia, focused primarily on large enterprises and listed companies. Represents the top end of the audit market Audiitorteenuse competes in for the largest Estonian mandates.
• RSM Estonia: International mid-tier audit and advisory network operating in Estonia, serving mid-market clients. Competes for the same Estonian audit mandates as Audiitorteenuse, particularly for private limited companies.
• KPMG Baltics: Big 4 firm operating in Estonia, providing audit and assurance to large enterprises and multinationals. Multiple Audiitorteenuse team members (Signy Villems, Raili Kokk, Jekaterina Lendjašova) previously worked at KPMG, indicating direct talent and client overlap.
• PwC Estonia: Big 4 firm providing audit, tax, and advisory services in Estonia. The director Kersti Soodla is a former PwC auditor, and PwC serves the same enterprise audit market Audiitorteenuse addresses for clients like Konecranes.
• BDO Estonia: International mid-tier accounting and audit network operating in Estonia, providing audit, tax, and advisory services to mid-market and enterprise clients. Directly comparable in audit service offering to Audiitorteenuse, with a broader portfolio of services.
• Mazars Estonia: International audit and advisory network with Estonian presence, focused on mid-market and SME audit engagements. Competes in the same statutory audit segment as Audiitorteenuse for Estonian companies.
• Ernst & Young (EY) Estonia: Big 4 firm providing audit services in Estonia, serving large enterprises and international clients. A direct competitor for Estonian statutory audit engagements that meet size thresholds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Audiitorteenuse