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 sectors.
“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 said.