| Den norske Revisorforening – DnR | |
|---|---|
| Membership | Voluntary |
| No. of members | 4,630 |
| Institute staff | 24 |
| Date of establishment | 1998, predecessor 1930 |
| Local branches | No, but there is a number of associated local auditor associations |
| Subject to public oversight | No |
| Public oversight authority | N/A |
| Involvement in Qualification and Market Access | DnR |
|---|---|
| Initial education | Discussion partner with universities and Economic Education Committee |
| Examination | Discussion partner with universities and Economic Education Committee |
| Approval and registration | No involvement by DnR (FSA Norway) |
| Continued Professional Development | No (FSA Norway, Extensive CPD-programme for members) |
| Activities | DnR |
|---|---|
| Standard setting | DnR – Audit and Assurance Standards Committee |
| Quality assurance | Non-PIE Auditors: DnR Quality Assurance Review PIE-Auditors: FSA Norway Quality Assurance Review |
| Disciplinary measures | No involvement by DnR (FSA Norway) |
| Professions | Approved Auditors |
|---|---|
| Professional body | Den norske Revisorforening – DnR |
| Protected title | Yes State Authorized Public Accountant – Statsautorisert revisor Registered Public Accountant – Registrert revisor (Only State Authorized Public Accountants when new Auditing Act is implemented in 2020) |
| Reserved activities | Statutory audit. Certain statutory attestations, including to tax authorities. |
| Included authorisations | Auxiliary legal aid and legal aid relating to inquiries to tax authorities. |
| Approved Auditors | |
|---|---|
| Regulated profession | Yes |
| Supervision | Yes |
| Public oversight authority | Finanstilsynet – The Financial Supervisory Authority of Norway (FSA Norway) |
| Approved Auditors | |
|---|---|
| General initial education steps (without possible exemptions) | State Authorized Public Accountant • University Master’s Degree • 3 years practical training • Final examination |
| Approved Auditors | |
|---|---|
| No. of qualified professionals | 8,156 (March 2020) |
| No. of new trainees per year | Information not available |
| No. of people taking the professional examination | 218 (2018) |
| No. of people passing the professional examination | 194 (2018) |
| Approved Auditors | |
|---|---|
| Registration required | Yes |
| Competent authority for registration | Finanstilsynet – FSA Norway |
| Cost of appointment/ registration | No fee or charge |
| Oath required | No |
| Insurance required | Yes, for statutory auditors (Not required when new Auditing Act is implemented in 2020) |
| Professional address required | No |