The Finnish Institute of Authorised Public Accountants was founded in 1925. The Institute is the oldest representative organisation of authorised public accountants in Finland and its predecessor, Suomen Tilintarkastajainyhdistys - Finska Revisorsföreningen, was founded already in 1910. 97 percent of the approximately 700 Finnish KHT auditors are members of the Institute. The members of the Institute represent expertise of the highest level in accountancy and they fulfil the requirements of EC's 8th Council Directive.

The Institute has a key role in developing generally accepted auditing standards in Finland. The Institute has a long history of giving recommendations on generally accepted auditing practices. The recommendations follow the International Standards on Auditing (ISA) of the International Federation of Accountants, IFAC. The code of ethics of the Institute is based on the Code of Ethics of IFAC. The recommendations and the code of ethics can be found in the publication Tilintarkastusalan standardit ja suositukset 2008.

The Institute contributes to the development of sound accounting practices for example by publishing models and guidelines for financial statements to be used by limited liability companies, general partnerships and limited partnerships, associations and foundations as well as housing and real estate companies. The Institute has also published official Finnish translations of IAS/IFRS standards. The Institute also maintains and develops the quality of its members' audit services.

The Institute is actively involved in international development of the accounting profession. The Institute is a member of the Nordic Federation of Public Accountants (NRF) together with corresponding institutes from the other Nordic Countries. The Institute represents Finnish accountancy profession in the Fédération des Experts Comptables Européens (FEE) where the Institute has representation in the Council. The Institute is also active in the auditing and ethics working parties of the FEE. The Institute is also a member of the International Federation of Accountants (IFAC). The Institute represents the Nordic countries in the IFAC's Ethics Committee and in the Small and Medium Practices Permanent Task Force.


KHT-Media Oy, a subsidiary of the Institute, arranges training seminars and courses in the fields of auditing and accounting and publishes professional books and Profiitti Journal. The Institute is a co-owner of Kustannus Oy Tase Balans, the publisher of "Tilintarkastus-Revision", the leading audit journal in Finland.



 Contact information

 Office of the Finnish Institute of Authorised Public Accountants