We made preparations for the registration of authorized sustainability auditors

We made preparations for the legislative changes in corporate sustainability reporting, which entered into force at the end of 2023. Based on the legislative changes, the PRH will register authorized sustainability auditors and authorized sustainability audit firms.

After registration, the auditor may use the title ‘authorized sustainability auditor’ (KRT). Authorized sustainability auditors audit corporate sustainability reports. Under certain conditions, an auditor may register as an authorized sustainability auditor on the basis of the transitional provision of the Auditing Act.

Starting in 2025, we will offer a specialisation examination for persons applying for qualification as an authorized sustainability auditor.

Record number of applicants

The number of participants in HT and KHT examinations has been on the increase in recent years and the year 2023 was no exception: a record number of applicants (369) took part in the HT and KHT examinations. The number of approved examinations was also higher than in 2022.

Based on a feedback survey, the applicants taking part in the examinations were significantly more satisfied with the HT and KHT examinations than in the previous year.

Auditor examinations

Approved HT examinations

There was a substantial increase in the number of approved HT examinations: In 2023, they totalled 93 compared to 73 in 2022.

Approved KHT examinations

There was also a substantial increase in the number of approved KHT examinations compared to 2022: In 2023, they totalled 61 compared to 49 in 2022.

Approved JHT examinations

The number of approved JHT examinations decreased: In 2023, they totalled 5 compared to 9 in 2022.

Quality of auditing

Authorisations of auditors and audit firms

There was a slight decrease in the number of authorisations: In 2023, they totalled 109 compared to 119 in 2022.

Cancellations of authorisations of auditors and audit firms

The number of cancellations remained at previous year’s levels: In 2023, they totalled 128 compared to 125 in 2022.

Quality inspection decisions pertaining to auditors and audit firms

There was a substantial increase in the number of quality inspection decisions: In 2023, a total of 189 quality inspection decisions were made compared to 149 in 2022.

Decisions by Auditor Oversight

There was a slight decrease in the number of decisions by Auditor Oversight: In 2023, they totalled 30 compared to 35 in 2022.

Decisions by Audit Board in investigation matters

There was an increase in the number of decisions issued by the Audit Board: In 2023, the Audit Board issued a total of 40 decisions compared to 31 in 2022.