The Standing Committee on Business and Industry is advancing a proposal based on a private member's bill by Bjørn Arild Gram and Geir Pollestad to set audit thresholds for foundations. The committee calls on the government to introduce thresholds aligned with the exemptions available to small companies, with implementation targeted for spring 2027, and to consider simplifications or cost-cutting measures for foundation audits. The committee notes that all foundations currently face mandatory audit requirements regardless of size—a stricter standard than applies to other organizational forms.
AI-generated summary · Model: Claude Haiku 4.5 · Generated: 14 May 2026
These are the proposals in the document, not decisions. See the votes for the outcome.
The Storting calls on the government to introduce audit thresholds for foundations that broadly align with the exemptions available to small companies, with implementation targeted for spring 2027.
The Storting calls on the government to consider and propose simplifications or other cost-reducing measures for audits, with particular focus on foundation audits.