State Accountancy

The State Shared Service Centre, which is administered by the Ministry of Finance, has provided the state accountancy and financial reporting service since 1 January 2013. Including services like:

• makes proposals to the Minister of Finance about the general rules of state accountancy and their amendment;
• instructs state accounting entities, local government entities and other public sector entities in accounting issues;
• gathers financial reports from the public sector and checks that they are correct;
• prepares and submits financial reports of the state, local authorities, the government sector and the public sector.

The Accounting Standards Board is an independent committee that prepares the accounting guidelines that explain the Accounting Act and develops activities in the area. Further information in Estonian can be found on the website of the State Shared Service Centre.