Auditor gives assurance that the financial statements of a company are in accordance with applicable standards and third parties could get a true view of the company’s financials.
A review is not an audit and therefore gives less assurance. During the review, auditor must obtain sufficient evidence to assure that financial statements do not include material misstatements.
A company that distributes packaged goods with the weight of packages exceeding five tons per calendar year to the Estonian market, is required to have the packaging report audited.
Companies or public sector entities which have received project funding from EU funds, government grants or funding from other financiers often need an audit for the project's financial report
Examples of a special purpose engagements may be non-monetary contribution valuation audit, transactions legality control, special audit according to Estonian Commercial Code, audit of the merger agreement or other similar services.