Application for a license as an auditor

General information

Only licensed auditors have the right to audit in Iceland. If an auditor that has a license from another EEA-county wishes to get a licence to audit in Iceland, he has to pass a special exam in Icelandic rules on taxes and companies.


In order to get a license as an auditor a person must:

  1. be a national of an EEA-country
  2. be legally competent and have, for the past three years, had administration of his estate
  3. have an unblemished reputation
  4. have a masters degree in auditing, which is accepted by the council of auditors
  5. have past a special exam
  6. have worked for an auditor on the auditing of annual accounts or other financial reporting in an auditor firm
  7. have a guarantee insurance