The Institute of State Authorized Public Accountants in Iceland

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Click here to look up individual members of the FLE.

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 11. 2022 a new board was appointed for the Institute as follows: 

 

President     

 Mr. Hólmgrímur Bjarnason
Deloitte

Vice President                           

Ms. Kristrún Helga Ingólfsdóttir, KPMG
Member of the board  

 

Ms. Ingunn H. Hauksdóttir, Ernst&Young

Member of the board              

Mr. Eymundur Sveinn Einarsson, Endurskoðun og ráðgjöf
Member of the board  

 

 Mr. Sighvatur Halldórsson, PwC

FLE´s President 

Hólmgrímur Bjarnason is the president of the board. He was born in 1973. He graduated from University of Iceland with a Master degree and was licenced as an authorized accountant in 2002. He started his carrier at Þema auditing firm and moved on to Deloitte where he has since then worked as an authorized accountant and partner.

Hólmgrímur, has been active at the Institute of Authorized Accountants in Iceland as a member participating in quality board as well as being a member of the publishing board. If you need to contact him you can send e-mail to: holmgrimur.bjarnason@deloitte.is


FLE´s CEO

Sigurður B. Arnþórsson is FLE´s CEO since 2009. He was authorized as an public accountant in 1982. He can be reached by phone: +354 568 2704 /GSM +354 894 8110 and E-mail: sigurdur@fle.is 

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 (jon.a.baldurs@gmail.com)

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 individual accounting firms.

Click here to look up individual members of the FLE.