Audit and Assurance services
The main role of an audit is to verify the reliability of financial information by expressing independent opinion on them. In addition, auditors provide various other services related to their professional work.
PwC's Audit and Assurance services have been shaped by the needs of our clients and collaboration with PwC's international network.
The auditors' clients have increasingly come to expect that the knowledge we acquire of the company can be utilized in as many areas (of their operations) as possible. With this in mind, PwC has developed working methods that ensure the greatest added value for clients without jeopardizing the auditor's independence.
The Audit and Assurance services have been a fundamental aspect of the firm since it began operations in Iceland in 1924.
Other assurance work
PwC offers their clients a wide range of assurance services. These include attestation and trust verification work that adds value to stakeholders and increases confidence of the market. Examples include verification of information reported in prospectus / pro-forma financial information, and report on reliability of control activities performed within service organizations.
PwC also offers Agreed Upon Procedures (AUP) in accordance with ISRS 4400 International standard on related services. AUP are tailored to your needs and provide valuable service in various projects such as confirmation to government in relation to compliance with Icelandic law, including the Act on Public Limited Companies and Private Limited Companies, confirmation of various costs or financial information provided to third parties, i.e. use of funds from grants or sales turnover reported as part of rental agreements.
Financial statements
PwC in Iceland offer extensive assistance and advice regarding corporate financial statements, whether in the case of financial statements prepared in accordance with Icelandic law or International Financial Reporting Standards (IFRS).
PwC in Iceland employs experts with extensive experience and knowledge of financial statements. In addition, our connections with the global PwC network enable us to call upon the skills of leading experts in our field if needed.
