Endurskoðun

Endurskoðun is an Icelandic term that broadly denotes a process of re-examination, review or audit. The word combines endur- (again) and skoðun (examination), and is used in multiple professional, legal and everyday contexts to describe activities aimed at verifying accuracy, assessing compliance or improving quality.

In accounting and corporate practice, endurskoðun refers to the independent audit of financial statements and records to ensure they present a true and fair view and comply with applicable laws and standards. Registered auditors perform endurskoðun to detect material misstatements, assess controls and provide assurance to stakeholders.

In legal and administrative settings, endurskoðun can denote judicial review, appeals, or the re-examination of decisions and procedures. Such reviews evaluate whether a decision was lawful, procedurally fair and supported by evidence, and may lead to confirmation, modification or annulment of earlier decisions.

Endurskoðun is also applied in academic and technical fields as peer review or revision, where research, standards or policies undergo critical appraisal and updates. In public policy and organizational management it describes periodic reviews intended to improve effectiveness, accountability and transparency.

The practice of endurskoðun typically emphasizes independence, objectivity and documented findings. Its outcomes commonly include recommendations for corrective action, certification of compliance or changes to practices, contributing to trust and quality control across institutions.