The Estonian Board of Auditors was created in 1999 with the Authorized Public Accountants Act of the Republic of Estonia. The Board of Auditors is the institute of Estonian certified auditors, only members of the Auditing Board have the right to practice as auditors in Estonia. The Estonian Board of Auditors is a self-governing professional association of Estonian auditors, which organizes the professional activities of auditors and protects the rights of auditors.

The bodies of the Estonian Board of Auditors are the general meeting, the management board and the audit committee.

The professional activities of an auditor are auditing, business consultancy and performance of other functions assigned to auditors by legislation. Providing of those services is regulated with laws and Auditing rules(Auditeerimiseeskiri).

The Auditing rules include requirements for auditing and professional ethics based on the standards of the International Federation of Accountants with local adaptation. Supervision of the professional activities of auditors and compliance with the Auditing rules is in the authority of the Estonian Board of Auditors.

A citizen of a foreign state who has obtained the qualification as an auditor in a foreign state may practice as an auditor in Estonia if he or she has passed an examination on the legislation, which is currently in force in Estonia. The examination may be taken in English.