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Auditor Oversight

Auditor oversight achieved its targets

Auditor oversight achieved its performance targets in all sectors: auditor examinations, quality assurance and investigation matters.

The organisation of auditor oversight was overhauled in September. The purpose of the reorganisation was to create a broader framework on which to build more effective oversight and expand cooperation.

For auditors, the changes were reflected as new discussion partners in the auditor oversight organisation. We also launched an active dialogue with stakeholders and the auditing sector.

Auditor examinations

Approved HT examinations and approved previously incomplete HTM examinations

The number of approved HT examinations and approved previously incomplete HTM examinations decreased in auditor examinations: 69 approved in 2020 and 105 in 2019

Approved KHT examinations and approved previously incomplete KHT examinations

The number of approved KHT examinations and approved previously incomplete KHT examinations increased in auditor examinations: 55 approved in 2020 and 49 in 2019

Approved JHT examinations

The number of approved JHT examinations increased in auditor examinations: 9 approved in 2020 and 6 in 2019

Approved transition examinations

The number of approved transition examinations decreased in auditor examinations: 2 approved in 2020 and 4 in 2019

Approved KHT examinations under the old system

The number of approved transition examinations decreased in auditor examinations: 2 approved in 2020 and 4 in 2019

We carried out quality inspections for 92 auditors and completed quality inspections ordered and postponed in previous years. All quality inspections were carried out by our own quality assurance experts.

We published the audit market monitoring report and the annual auditor oversight investigation report for 2019. In cooperation with the Financial Supervisory Authority, we also published a report based on the audit committee survey.

The online services system project was suspended. We will prepare new plans for the development of registers and information systems and reschedule the work during 2021.

Authorisations of auditors and audit firms

The number of approved KHT examinations under the old system remained the same in auditor examinations: 1 was approved both in 2020 and in 2019

Cancellations of authorisations of auditors

The number of authorisations of auditors and audit firms increased: 102 authorisations in 2020 and 81 in 2019

Quality inspection decisions pertaining

The number of quality inspection decisions pertaining decreased: 139 inspections in 2020 and 140 in 2019

Decisions by Auditor Oversight

The number of decisions by Auditor Oversight increased: 35 decisions in 2020 and 31 in 2019