Regulatory Alerts2012-05-16
Requirements for Continuing Education for Accountants
The Norwegian Financial Supervisory Authority mandates that all authorized accountants complete 77 hours of continuing education over a three-year period to maintain their license. The curriculum requires specific allocations across financial accounting, bookkeeping, tax law, regulatory compliance, and legal theory, with remaining hours covering other relevant economic or administrative subjects. The regulation details acceptable training methods, documentation standards, and limited provisions for deferrals due to parental leave or exceptional circumstances such as severe illness.
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