Annual report of the TSE was awarded third place in the competition "Financial Reporting Flagstone"

16.10.2006 TLN

Annual reports were assessed during the competition in four areas, the first area involved the financial sector, the second one – stock exchange companies, the third one – public sector companies and, the fourth one – unlisted companies.

Assessment took place in two rounds. At first, the auditors assessed the compliance of financial reports with the requirements of generally accepted accounting principles. In the second round, journalists, analysts, teachers and other experts assessed, as a whole, how informative and reader friendly the annual report were.

The annual report of the Tallinn Stock Exchange and ESCD won the competition last year and came in second the previous year.

The Estonian Accounting Standards Board is an independent committee acting at the Ministry of Finance, comprised of accounting specialists, researchers and practicians in this field.