BDO ehf, a newly established Icelandic firm,
has been admitted to the BDO International network.

BDO ehf is jointly owned by Sigrun
Gudmundsdottir and Helga Hardardottir, who are the firm’s leading
partners, and BDO Norway.

It provides assurance, tax, advisory and
consulting services to the country’s public and private

“Our approach to development is pragmatic.
Owing to the current economic and political uncertainty in Iceland,
we are starting slowly with minimum staff. That said, we know that
the people we have on board currently have the necessary good name
and goodwill to win clients, and we believe that there is a gap in
the Icelandic audit market for a new firm with a fresh aura,”
Hardardottir said.

BDO’s Europe chief executive and global head
of network development Martin van Roekel said the firm will
initially focus on assurance, financial advisory and consulting
services but the addition of tax expertise is not far away. “They
will become a full service firm in a very short space of time,” he