Audit in Norway

An audit is not automatic for a small Norwegian limited company. Altinn says an AS can normally opt out of auditing if operating revenue is under NOK 7 million, assets under NOK 27 million and the average number of employees is under 10 full-time equivalents, and the general meeting decides. A group owned from abroad should test these limits against the Norwegian company, and ask whether the same test applies to a Norwegian branch.

Authorisation matters here. Ask whether the partner who would sign is a state authorised auditor, for the registration number, and whether the firm already works with your parent’s group auditor. Check how the audit fee relates to the accounting fee and whether one firm can do both for the same client.

Audit is the narrowest service on Accountanty in Norway: seven firms, all of them accounting firms. Four are medium-sized and three belong to large networks. Norwegian is offered by all seven and English by six, five have a foreign-client focus, and none publishes pricing. The firms are mostly in Oslo. For the accounts an auditor reviews, see accounting in Norway; the Norway guide explains company types.

At a glance: audit in Norway

Also offered by these firms
Tax compliance: 7 of 7; VAT: 7 of 7; Accounting and bookkeeping: 6 of 7
Languages besides English
Norwegian (7), French (1), German (1), Hindi (1), Italian (1)
Company types handled
AS (2), Aktiebolag (1), ANS (1), AS (Aksjeselskap) (1)
Where the firms are
Oslo (6), Bergen (1)
Firm size
Medium-sized firm (4), International network (3)
Prices published
No firm on this page publishes prices: quotes are on request

Counted from the profiles on this page. Check every figure with the firm and the official source before you rely on it.

Firms offering audit in Norway

Vaak AS

Accounting firm · Medium-sized firm

Oslo

  • Company formation
  • Accounting and bookkeeping
  • Tax compliance
  • +3 more

Languages: Norwegian · English

View profile of Vaak AS

Frequently asked questions

Does my small Norwegian company need an audit?

Not necessarily. Under the thresholds Altinn publishes, a company below all three limits can normally opt out by a decision of the general meeting. If one limit is passed, an auditor is needed.

How do I check that an auditor is authorised?

Ask the firm for the partner's registration number and check it with Finanstilsynet, the financial supervisor, before you sign the engagement.

Can the same firm keep my books and audit them?

Independence rules usually separate the two roles for the same client. Ask the firm how it handles this, and expect a different team or firm for the audit than for the bookkeeping.

Other services in Norway

Accountants by city in Norway

Setting up a company in Norway: the guide and every firm

General information, not legal or tax advice. Rules, rates and fees change: check them with the official sources linked on this page or with a qualified adviser before you act.