Accountancy has gone through major changes during the past decades in Estonia, both on regulatory and technology side. As Estonia regained its independence on August 20th 1991 we had less administrative burden and legacy systems to cope with, so we could rebuild our economic environment and adapt to global economy. Today we have a stable legal environment aligned with directives of European Union, our Accounting Law is following the same principles as stated in IFRS and IFRS for SME-s.
