Country profile

Iceland

7 entries from 7 of our maps, in one place. Open a map to see Iceland beside the rest of the world.

Audit Oversight Bodies

Public audit-oversight bodies (POBs) and IFIAR membership by country

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Not IFIAR member

Directorate of Internal Revenue (RSK) – Audit Oversight

PAO: Institute of State Authorised Public Accountants in Iceland (FLE) · ~70 registered audit firms · ~250 registered auditors · RSK handles regulatory oversight; FLE manages registration and CPD of auditors

Sustainability Framework Adoption

Sustainability-reporting standards adopted by country (ESRS, ISSB, GRI, TCFD)

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ESRS (EU)

ESRS

Large companies meeting CSRD thresholds · Aligned with EU phasing

Professional Accountancy Organisations

Accountancy bodies (PAOs) and their IFAC membership, by country

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Company Registry Portals

Where company financial statements are filed and published, by country

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All entities

Annual Accounts Register / Company Register – Skatturinn

All limited companies (ehf., hf.) above statutory threshold · Annual accounts filed and published; larger entities subject to audit

Accountant & Auditor Salaries

Gross annual pay of accountants and external auditors, in US dollars (2026)

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$50,000 and over

Accountant: $104,183 a year

  • Accountant: $104,183 a year (official occupational statistics)
  • External auditor: $80,233 a year (modelled estimate)
  • Average for all jobs: $78,660 a year

Modelled values use global occupational multipliers; use as directional estimates.

Gross pay in nominal US dollars (2026), not adjusted for living costs.

Country Challenges

The main challenge for accounting and audit in each country, from public evidence (2026)

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Evidence gap

Evidence gap

  • Evidence: Evidence gap — no sufficiently relevant evidence was found, which does not mean there are no challenges
  • Scope: Unspecified

Sources established the audit framework but did not provide sufficiently specific evidence of a leading current profession challenge.

GDP per Capita

GDP per capita (current US$), 2025 — World Bank Open Data

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High income · over $14,005

$98,323

GDP per capita (current US$), 2025 · High income · over $14,005

Business opportunities

No live listings in Iceland right now.

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Not on these maps yet: Accounting News, Annual Report Awards, Accounting History.

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