The Institute of State Authorized Public Accountants in Iceland (FLE) was established 16th of July 1935 in Reykjavik and is the only professional body of auditors in the country.

From the beginning, the purpose of the FLE has been to strengthen the cooperation between Icelandic state authorized public accountants for common interests and to maintain and improve the standard and reputation of the Icelandic audit profession. FLE is also responsible for professional ethics and issuing of auditing guidelines.

FLE´s board
At FLE´s (The Institute of State Authorized Public Accountants in Iceland)  General Meeting in Reykjavik, November 4th 2011 a new board was appointed for the Institute as follows: 

President	Mr. Sigurdur Pall Hauksson, Deloitte hf.
Vice President	Mr. J. Sturla Jonsson, IS-end
Member of the board	Ms. Audur Thorisdottir, KPMG
Member of the board	Mr. Fridbjorn Bjornsson,  Ernst & Young
Member of the board	Ms. Arna GudrunTryggvadottir, PricewaterhouseCooper

FLE´s President 
Sigurður Páll Hauksson (Sigurdur Pall Hauksson) is the president of the board. He was born in Reykjavik in 1968. He graduated from The University of Iceland with a Cand. oecon. degree. He became an authorized accountant and got his licence as such in 1998. He started his carrier 1993 at Uppgjor, an accounting company and became an authorized accountant at Endurskodun Sig. Stefanssonar hf and that later merged with Deloitte Ltd. in Iceland. He lived in Saudarkrokur at the north of Iceland for a few years before he came back to Reykjavik. He is now a partner at Deloitte Ltd.  in Iceland.  

He has been active at the Institute of Authorized Accountants in Iceland as a member and for the last two years he has been a vice-president of the Institute´s board.  He is married to Gudbjorg Johannesdottir  and they have five children. If you need to contact him  you can send e-mail to: SigurdurPall.Hauksson@deloitte.is

To qualify
To qualify  as a state authorized public accountant in Iceland, according to Law on auditors No. 79/2008, an individual must:  

1. Have a permanent residence in Iceland or be a citicen of EES, EFTA or Faroe Islands
2. Be of legal age and have had a continuous statutory for the last three years
3. Have immaculate reputition as defined for being eligible as a member of parliament
4. Have completed a master degree in auditing and accounting from an university approved by the Audit Oversight Board
5. Pass a comprehensive  examination conducted by the Audit Oversight Board
6. Conduct a minimun of three years relevant work under the supervision of an accountant, working with auditing and accouting, within an audit firm 

Individuals that have qualified  as state authorized public accountants become mandatory members of FLE. Today the total membership is around 370.

A large number of accounting firms operate in Iceland and most of the major international accounting firms have member firms or representative firms in the country.

The office of the Institute is open Mondays to Fridays from 9:00-15:00.
If you would like some further information on the Institute or its members please contact us.

Tel. +354 568 8118
E-mail  fle@fle.is

Addr:
The Institute of State Authorized Public Accountants in Iceland (FLE)
Félag löggiltra endurskoðenda - FLE
Suðurlandsbraut 6
108 Reykjavík
ICELAND

Click here to look up offices of individal accounting firms.

Click here to look up individual members of the FLE.