| FAR | |
|---|---|
| Membership | Voluntary |
| No. of members | 5, 131 |
| Institute staff | 48 |
| Date of establishment | 1923 |
| Local branches | No |
| Subject to public oversight | No |
| Public oversight authority | N/A (For authorized public accountants and approved public accountants: Revisorsinspektionen / Swedish Inspectorate of Auditors – SIA) |
| Involvement in Qualification and Market Access | FAR Authorized public accountant (Auktoriserad revisor) | FAR Approved public accountant (Godkänd revisor) | FAR Authorized accounting consultant (Auktoriserad redovisnings-konsult) | FAR Authorized payroll consultant (Auktoriserad lönekonsult) | FAR Certified tax consultant (Auktoriserad skatterådgivare) |
|---|---|---|---|---|---|
| Initial education | No | No | No | No | No |
| Examination | No (SIA) | No (SIA) | Yes | Yes | Yes |
| Approval and registration | No (SIA) | No (SIA) | Yes | Yes | Yes |
| Continued Professional Development | Yes (with SIA) | Yes (with SIA) | Yes | Yes | Yes |
| Activities | FAR Authorized public accountant (Auktoriserad revisor) | FAR Approved public accountant (Godkänd revisor) | FAR Authorized accounting consultant (Auktoriserad redovisnings-konsult) | FAR Authorized payroll consultant (Auktoriserad lönekonsult) | FAR Certified tax consultant (Auktoriserad skatterådgivare) |
|---|---|---|---|---|---|
| Standard setting | Yes (with SIA) | Yes (with SIA) | No | No | No |
| Quality assurance | Yes partly, (under SIAs supervision) | Yes partly, (under SIAs supervision) | Yes | Yes | Yes |
| Disciplinary measures | No (SIA) | No (SIA) | FAR disciplinary board | FAR disciplinary board | FAR disciplinary board |
| Professions | FAR Authorized public accountant (Auktoriserad revisor) | FAR Approved public accountant (Godkänd revisor) | FAR Authorized accounting consultant (Auktoriserad redovisnings-konsult) | FAR Authorized payroll consultant (Auktoriserad lönekonsult) | FAR Certified tax consultant (Auktoriserad skatterådgivare) |
|---|---|---|---|---|---|
| Professional body | FAR | FAR | FAR | FAR | FAR |
| Protected title | Yes | Yes | No | No | No |
| Reserved activities1 | All kinds of audits, reviews, agreed upon procedures and related services according to the rules of IAASB (IFAC) | Business valuation, machines and equipment valuation and real estate valuation | Assisting in the auditing process, internal auditing | Information systems’ auditing | Accounting in business |
| Included authorisations | No – other services can be performed on competitive basis | No – other services can be performed on competitive basis | No – other services can be performed on competitive basis | No – other services can be performed on competitive basis | No – other services can be performed on competitive basis |
| FAR Authorized public accountant (Auktoriserad revisor) | FAR Approved public accountant (Godkänd revisor) | FAR Authorized accounting consultant (Auktoriserad redovisnings-konsult) | FAR Authorized payroll consultant (Auktoriserad lönekonsult) | FAR Certified tax consultant (Auktoriserad skatterådgivare) | |
|---|---|---|---|---|---|
| Regulated profession | Yes | Yes | No | No | No |
| Supervision | Yes | Yes | Yes | Yes | Yes |
| Public oversight authority | Swedish Inspectorate of Auditors (SIA) | Swedish Inspectorate of Auditors (SIA) | FAR disciplinary board | FAR disciplinary board | FAR disciplinary board |
| FAR Authorized public accountant (Auktoriserad revisor) | FAR Approved public accountant (Godkänd revisor) | FAR Authorized accounting consultant (Auktoriserad redovisnings-konsult) | FAR Authorized payroll consultant (Auktoriserad lönekonsult) | FAR Certified tax consultant (Auktoriserad skatterådgivare) | |
|---|---|---|---|---|---|
| General initial education steps (without possible exemptions) | 3 years university (Bachelor, 10 compulsory subjects) 3 years training Audit exam | 3 years university (Business Administration and Economics) 3 years training Audit exam | 3 years university, or FAR approved education 2 years Higher vocational Education, or Long experience in accounting 3 years training Exam | 3 years university, or FAR approved education 1 year Higher vocational Education, or Long experience in payroll 3 years training Exam | 3 years university 5 years training FAR’s course in professional ethics Exam |
| FAR Authorized public accountant (Auktoriserad revisor) | FAR Approved public accountant (Godkänd revisor) | FAR Authorized accounting consultant (Auktoriserad redovisnings-konsult) | FAR Authorized payroll consultant (Auktoriserad lönekonsult) | FAR Certified tax consultant (Auktoriserad skatterådgivare) | |
|---|---|---|---|---|---|
| No. of qualified professionals | 2,730 | 346 | 1,570 | 93 | 354 |
| No. of new trainees per year | Information not available | Information not available | Information not available | Information not available | 5 Information not available |
| No. of people taking the professional examination | 328 (2019) | N/A | 155 (2019) | 33 (2019) | 52 (2019) |
| No. of people passing the professional examination | 184 (2019) | N/A | 114 (2019) | 25 (2019) | 49 (2019) |
| FAR Authorized public accountant (Auktoriserad revisor) | FAR Approved public accountant (Godkänd revisor) | FAR Authorized accounting consultant (Auktoriserad redovisnings-konsult) | FAR Authorized payroll consultant (Auktoriserad lönekonsult) | FAR Certified tax consultant (Auktoriserad skatterådgivare) | |
|---|---|---|---|---|---|
| Registration required | Yes | Yes | No | No | No |
| Competent authority for registration | SIA | SIA | FAR | FAR | FAR |
| Cost of appointment/ registration | €5,500 (SIA) | €5,500 (SIA) | Cost of membership in FAR | Cost of membership in FAR | Cost of membership in FAR |
| Oath required | No | No | No | No | No |
| Insurance required | Yes | Yes | Yes | Yes | Yes |
| Professional address required | Yes | Yes | No | No | No |