| FSR | |
|---|---|
| Membership | Voluntary |
| No. of members | 4,900 |
| Institute staff | 51 |
| Date of establishment | 1912 |
| Local branches | No |
| Subject to public oversight | Yes (examination) |
| Public oversight authority | The Danish Business Authority (DBA) |
| Involvement in Qualification and Market Access | FSR |
|---|---|
| Initial education | No |
| Examination | Yes |
| Approval and registration | No (DBA) |
| Continued Professional Development | No (DBA) |
| Activities | FSR |
|---|---|
| Standard setting | No (DBA) |
| Quality assurance | No (DBA) |
| Disciplinary measures | No (DBA, sanctions: The Disciplinary Board on Auditors) |
| Professions | State-authorised public accountant (statsautoriseret revisor) | Registered public accountant (registreret revisor – this title can no longer be obtained but holders are entitled tomcontinue to use it) |
|---|---|---|
| Professional body | FSR | FSR |
| Protected title | Yes | Yes |
| Reserved activities | Statutory audit and other activities regarding the issuance of (financial) statements | Statutory audit and other activities regarding the issuance of (financial) statements |
| Included authorisations | Comprises the authorisation to provide (advisory) services on taxation, valuation, financial and business management | Comprises the authorisation to provide (advisory) services on taxation, valuation, financial and business management |
| State-authorised public accountant | Registered public accountant | |
|---|---|---|
| Regulated profession | Yes | Yes |
| Supervision | Yes | Yes |
| Public oversight authority | The Danish Business Authority (DBA) | The Danish Business Authority (DBA) |
| State-authorised public accountant | Registered public accountant | |
|---|---|---|
| General initial education steps (without possible exemptions) | • Academic university master’s degree • 3 years of practical training • Final examination | • This title can no longer be obtained but holders are entitled to continue to use it • Academic university master’s degree • 3 years of practical training • Final examination |
| State-authorised public accountant | Registered public accountant | |
|---|---|---|
| No. of qualified professionals | 1,905 | 1,474 |
| No. of new trainees per year | 200 | Cannot be accessed anymore |
| No. of people taking the professional examination | 88 | Cannot be accessed anymore |
| No. of people passing the professional examination | 65 | Cannot be accessed anymore |
| State-authorised public accountant | Registered public accountant | |
|---|---|---|
| Registration required | Yes | Yes |
| Competent authority for registration | The Danish Commerce and Companies Agency | The Danish Commerce and Companies Agency |
| Cost of appointment/ registration | €0 | €0 |
| Oath required | No | No |
| Insurance required | Yes | Yes |
| Professional address required | No | No |