Approval as an external accounting firm

The form should be used by companies that can document that the conditions for approval as an accounting firm are met.

Businesses seeking approval need to be registered in the Register of Business Enterprises.

A sole proprietorship is not an independent legal entity and should therefore not use this form. Accounting activities in a sole proprietorship are conducted based on the owner's personal authorisation. The business must be registered in the Register of Business Enterprises and must then be reported to the Financial Supervisory Authority via form KRT-1060.

No attachments are necessary

Norwegian Act No 90 of 16 december 2022 relating to authorisation of accountants.

There are requirements for the business after approval is granted. Among other requirements, the company must appoint a quality management officer who holds a personal authorisation as a state authorised public accountant. The company must also designate a state authorised public accountant as responsible for each accounting assignment.

See information on the Financial Supervisory Authority of Norway's website.(In Norwegian only) 

The application will be assessed according to the following conditions:

• The company must have a statutory purpose to conduct accounting for others.
• The company must be able to pay its obligations as they become due.
• The company must be registered in the Register of Business Enterprises.
• The company's management, board members, and owners must meet the suitability requirements of the Accounting Act.

Fee:

No processing fee will be charged.

Case Processing deadlines:

The Financial Supervisory Authority aims to process authorisation applications within 30 days. However, processing may take longer if the application is complex or lacks documentation. Processing time may also be extended if there are many cases to be handled. Therefore, some applicants may experience processing times longer than 30 days.

Right of appeal:

The decision of the Financial Supervisory Authority can be appealed. The appeal should be sent to the Financial Supervisory Authority. The appeals body is the Appeals Board for Auditor, Accountant, and Debt Collection Cases. The applicant has the right to access the case documents within the framework of the Public Administration Act §§ 18 to 19. The appeal must state which decision is being appealed, the desired change, and the reasons for the appeal. The Financial Supervisory Authority will conduct any investigations warranted by the appeal, and if the rejection is upheld, forward the appeal to the appeal body, cf. the Public Administration Act § 33.