The Institute of State Authorized Public Accountants in Iceland

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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. Membership is mandatory to authorized public accountants according to law.

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 10. 2023 a new board was appointed for the Institute as follows: 



Ms. Kristrún Helga Ingólfsdóttir, KPMG

Vice President                           

Mr. Eymundur Sveinn Einarsson, Endurskoðun og ráðgjöf 

Member of the board  


Ms. Ingunn H. Hauksdóttir, Deloitte

Member of the board              

Ms. Pálína Árnadóttir, Deloitte

Member of the board  


Mr. Sighvatur Halldórsson, PwC

FLE´s President 

Kristrún Helga Ingólfsdóttir is the president of the board. She was born in 1967. She graduated from University of Iceland with a Cand. Oecon degree 1993 and MBA from University of Iceland in a cooperation with IESE and Yale (2021). She was licenced as State Authorized Public Accountant in 1998. She is an audit partner at KPMG in Iceland since 2001, was with Ernst & Young in Toronto in Canada from 1999 to 2001 and Ernst & Young in Iceland from 1993 to 1999. Ernst & Young merged with KPMG in Iceland in year 2000. She is currently a head of Department of Professional Practises (DPP) at KPMG in Iceland from 2004 and a member of the management group of KPMG Nordic DPP from 2020.

Kristrún has actively served the profession where she was a member of the International Accountant Educational Board, one of IFAC’s boards from 2006 to 2012 where she was the representative of The Nordic Federation of Public Accountants. She was also a member of the educational board of the Institute of Authorized Accountants in Iceland from 2001 to 2006 and a vice member of the audit oversight body in Iceland from 2013 to 2020.

If you need to contact her you can send e-mail to:


Unnar Friðrik Pálsson is FLE´s CEO since 2024. He was authorized as an public accountant in 2006. He can be reached by phone: +354 568 2704 /GSM +354 840 2013 and E-mail: 

To qualify

To qualify  as a state authorized public accountant in Iceland, according to Law on auditors No. 94/2019, (English translation) an individual must:  

  1. Have a permanent residence in Iceland or be a citizen 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 reputation 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 minimal of three years relevant work under the supervision of an accountant, working with auditing and accounting, within an audit firm 

All inquires regarding the authorization should be sent to Mr. Jon Arnar Baldurs (

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

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

Click here to look up offices of individual accounting firms.

Click here to look up individual members of the FLE.