Regulatory Alerts2012-05-16
Requirements for Continuing Education for Auditors
The Norwegian Financial Supervisory Authority (Finanstilsynet) mandates that all responsible auditors complete 105 hours of continuing education over a three-year period to maintain their registration. The requirements specify minimum hour allocations for auditing, ethics, accounting, and tax law, with strict documentation and no provision for dispensation due to illness or other hardships. Failure to comply results in the loss of auditor registration and the obligation to resign from appointed audit roles.
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