FEE Qualification and Market Access Working Party

Transcription

1 FEE Qualification and Market Access Working Party Structure and Organisation of the Accountancy Profession Key features Denmark Status: March 2012 Contact person: Liselotte Eftekhar Bang,

2 Denmark Flag: Population: approx. 6,000,000 Capital: Languages: Copenhagen Danish In the EU since: 1973 FSR - danske revisorer: 2

3 Professions Professions State-authorised public accountant (statsautoriseret revisor) Registered public accountant (registreret revisor) 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 3

4 Supervision State-authorised public accountant Registered public accountant Regulated profession Yes Yes Supervision Yes Yes Competent authority The Danish Commerce and Companies Agency The Danish Commerce and Companies Agency 4

5 Statistics State-authorised public accountant Registered public accountant. of qualified professionals (2009). of new trainees per year (2009)

6 Qualification General initial education steps (without possible exemptions) State-authorised public accountant Academic university master degree 3 years of practical training Final examination Registered public accountant Academic university master degree 3 years of practical training Final examination 6

7 Market access resident professionals State-authorised public accountant Registered public accountant Registration required Yes Yes for registration The Danish Commerce and Companies Agency The Danish Commerce and Companies Agency Cost of appointment/ registration 0 Euro 0 Euro Oath required Insurance required Yes Yes Professional address required 7

8 Market access professionals from other EU Member States Temporary provision of non-audit services* Pro-forma declaration Requested data n/a Requested documents Factual checks Standard form Compliance with host Member State rules n/a n/a n/a n/a n/a * t relevant for statutory audit services 8

9 Market access professionals from other EU Member States Required procedure Infrastructure Professional address Establishment of Statutory Auditors Aptitude test plus registration t required (establishment in EU Member State is sufficient) t required (establishment in EU Member State is sufficient) The Danish Commerce and Companies Agency Frequency Form Main Subjects Language Repetition Statistics Aptitude test The Danish Commerce and Companies Agency Twice a year Oral Company law, tax law, professional law Danish Yes, 3 times Approximately 2 per year 9

10 Market access professionals from other EU Member States Establishment of other accountants not providing statutory audit Compensation measure Procedure ne n/a n/a 10

11 Market access professionals from Third Countries Establishment of Statutory Auditors Required procedure Infrastructure Professional address Aptitude test for registration t required t required The Danish Commerce and Companies Agency Frequency Form Main Subjects Language Repetition Statistics Aptitude test The Danish Commerce and Companies Agency Twice a year Oral examinations Civil law, company law, tax law, professional law and regulations Danish 3 times applicants 11

12 Market access professionals from Third Countries Establishment of accountants not providing statutory audit Compensation measure Procedure ne n/a n/a 12

13 Professional Bodies Professional bodies FSR danske revisorer 13

14 FEE Member Bodies FSR danske revisorer Membership Voluntary. of members 6000 Institute staff 60 Date of establishment 12/ Local branches Subject to public oversight Oversight authority n/a 14

15 FEE Member Bodies Involvement in Qualification and Market Access Initial education Examination Approval and registration Continued Professional Development FSR danske revisorer Yes Yes Activities FSR danske revisorer Standard setting Quality assurance Disciplinary measures Representation of interests Yes, using IFAC Standard Boards material Yes 15