Welcome to FRR
Welcome to FRR - The Danish Institute of Certified Public Accountants
- The professional body for certified public accountants
FRR is an institute organising both persons and companies in the auditing profession. We have approx. 600 member firms and organise approx. 1,950 approved auditors, which makes us one of the biggest auditing institutes in Denmark.
FRR (the Danish Institute of Certified Public Accountants) was formed in 1925 as a professional body for certified public accountants.
Education and membership requirements
In order to become a member of FRR, you have to be an approved auditor. The Danish state provides the education and organises the examinations. If you are from another country and want to practise as an approved auditor in Denmark, it is not up to FRR to perform the evaluation. Your foreign auditing/financial education has to be assessed by Styrelsen for International Uddannelse (The Danish Agency for International Education).
If you have achieved the right to undertake audit work in another EU/EEA country and have passed an equivalent examination according to the rules of the country in question, you may contact Erhvervs- og Selskabsstyrelsen (The Danish Commerce and Companies Agency (DCCA)) to learn how you can participate in an eligibility test in order to obtain a practising certificate to work as an approved auditor in Denmark.
The Danish Commerce and Companies Agency has prepared a letter describing the procedure which an accountant/an auditor from a third country needs to follow in order to be recognized as an approved auditor in Denmark.
To become a certified public accountant today you need four or five years of business school education and three years of practical experience in an audit firm. After that you have to qualify by passing a written and an oral examination.
Typically, certified public accountants deal with SME clients. As a certified public accountant you are not allowed to audit banks, insurance companies and listed companies. But certified public accountants are allowed to audit other sorts of public interest companies such as big companies, companies traded on First North and local communities. Some of our member firms are quite big and can handle large clients.
Nationally and internationally
At a national and an international level, it is our task to be a strong partner for legislators and government bodies and a strong lobbyist for high standards of accounting. We are in constant dialogue with politicians, the press and government officials. We have a strong international commitment and work through two different member organisations: The NRF and IFAC in order to have a say before the relevant directives become national legislation.
Business
At business level, we support our member firms in running an efficient business. It is our goal to create a centre of excellence for all services connected with running an auditing firm. We sell working tools and education to professional accountants, members and non-members, and we provide an IT-based quality management system called “Revimentor”. Revimentor is always up-to-date with the latest International Auditing Standards. This system provides the opportunity for even minor audit firms to keep up a high professional level and to pass the public quality examinations.
Our Training Department has a large number of participants every year.
Moreover, we offer a number of services such as:
- Tax consultancy at favourable prices
- A free professional daily hotline service
- An electronic newsletter called “FRRontline”
- Access to FRR’s website which contains relevant articles, links etc. and a “tool box” with useful tools for our members.
FRR’s Board
The Board of FRR is elected at our annual general assembly and is solely composed of professional practitioners. Mr. Per Krogh is the President of FRR.
FRR’s secretariat
FRR’s secretariat employs approx. 35 people who deal with all the elements of the accountant’s/auditor’s everyday life as an innovative and flexible organisation. The CEO is Mr. Preben Rasmussen Høj.
Strategy
In accordance with FRR’s strategy, we offer the very best member service and we also attach great importance to contributing to creating the accountant’s future – both with respect to business development with the individual member and for the profession as such by formulating active policy presentations which will hopefully contribute to creating a good national and international framework for accountants/auditors in general and not only for certified public accountants.
