vestfold kommunerevisjon

What vestfold kommunerevisjon does

Vestfold og Telemark Revisjon IKS (VTR) is a Norwegian intercommunal audit company (interkommunalt selskap, IKS) owned by the municipalities and county councils of Vestfold and Telemark. It is described on its own materials as one of Norway's largest intercommunal audit companies. VTR delivers statutory public-sector auditing to its owner-municipalities and the merged Vestfold og Telemark fylkeskommune, covering all 18+ municipalities across both counties plus a range of interkommunale selskaper (IKS) and municipal enterprises such as Grep Grenland AS, Telemark Energi AS, IRMAT AS, and Vestfoldmuseene IKS.

Its service portfolio is organized around three core audit lines — regnskapsrevisjon (financial statement auditing), forvaltningsrevisjon (performance/compliance auditing), and eierskapskontroll (ownership control) — complemented by rådgivning og kurs (advisory and training), personvern (GDPR/privacy services), and a joint newsletter published with peer IKS firms. Operations are delivered through three physical offices in Skien (headquarters, Bruene 1), Horten, and Bø, with auditors working on-site at client municipalities.

VTR's revenue model is professional-services-based, with fees derived from statutory service agreements with owner-municipalities and the county council under the Norwegian Municipal Act; pricing is not publicly disclosed. Technology is built on standard enterprise tooling for IT, archiving, surveys, transcription, signing, HR, finance, recruitment, and newsletters, with a closed (on-premises) AI solution supplied by an unnamed IT vendor used for selected non-sensitive tasks. As an IKS, VTR has no private shareholders, no external funding, and no M&A history; governance rests with the Representantskapet (representative council of one representative per owner).

Name

vestfold kommunerevisjon

Legal name

Vestfold og Telemark revisjon IKS

Website

https://vtrevisjon.no

Company type

Private

Operating status

Operating

Short description

Vestfold og Telemark Revisjon IKS is a publicly owned Norwegian intercommunal audit firm delivering statutory financial, performance, and ownership-control auditing to the municipalities and county council of Vestfold and Telemark. It operates from offices in Skien, Horten, and Bø.

Ownership category

akta.pro rank

Product category

Public Sector Audit Services

NAICS

Offices of Certified Public Accountants (541211)

SIC

Services-Services, Nec (8900)

akta.pro primary industry

Audit & Assurance Services (BPAHABAA)

Keywords

• Public sector auditing
• Municipal audit services
• Financial statement auditing
• Performance auditing
• Ownership control audit

Headquarters

HQ city

Skien

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Public Sector Audit Services: VTR provides statutory auditing services to municipalities and county councils in Vestfold and Telemark as a mandated intercommunal audit company. Revenue is derived from service contracts with public sector entities under the Municipal Act. The company also earns fees for forvaltningsrevisjon (administrative auditing), eierskapskontroll (ownership control), and advisory/training services. As an IKS owned by its municipal owners, the revenue model is primarily based on contracted public sector mandates and supplementary consulting fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Vestfold og Telemark Revisjon IKS (VTR) provides statutory public sector audit services to municipalities and county councils in the Vestfold and Telemark region of Norway. Its core offerings consist of three integrated audit services — regnskapsrevisjon (financial statement auditing), forvaltningsrevisjon (performance and administrative auditing), and eierskapskontroll (ownership control) — delivered as a comprehensive audit suite to owner-municipalities and other intercommunal entities, complemented by rådgivning og kurs (advisory and training) services.

Product overview

Vestfold og Telemark Revisjon IKS is a municipal audit company offering a comprehensive suite of auditing services exclusively to the public sector. The core offerings consist of three integrated audit services: Regnskapsrevisjon (financial statement auditing), Forvaltningsrevisjon (performance auditing), and Eierskapskontroll (ownership control). These core services are complemented by Rådgivning og kurs (advisory and training) for specialized expertise in areas such as risk management, internal control, and information security, along with Personvern (privacy services) and Nyhetsbrev (newsletter) for ongoing communication. The company operates as a total supplier of audit services for municipalities and county councils in the Vestfold and Telemark regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Regnskapsrevisjon (Financial Statement Auditing)

Named customers4 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Viken kommunerevisjonminorOthersVTR collaborates with Viken kommunerevisjon and Aust-Agder revisjon IKS to produce and distribute a joint newsletter serving their respective owner-municipalities and partners. The newsletter is published regularly and archived on the Mailmojo platform.
• Aust-Agder revisjon IKSminorOthersVTR collaborates with Viken kommunerevisjon and Aust-Agder revisjon IKS to produce and distribute a joint newsletter serving their respective owner-municipalities and partners.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Viken kommunerevisjon IKS: Norwegian intercommunal audit company serving municipalities in the former Viken region. Direct comparable to VTR in structure (IKS), mandate (Municipal Act statutory audit), and service mix (financial audit, performance audit, ownership control). Already a named collaboration partner on VTR's joint newsletter.
• Aust-Agder revisjon IKS: Intercommunal audit company for municipalities in Aust-Agder, Norway. Operates under the same IKS framework and statutory mandate as VTR, delivering regnskapsrevisjon, forvaltningsrevisjon, and eierskapskontroll. Joint newsletter collaboration partner alongside VTR and Viken.
• Agder Kommunerevisjon IKS: Intercommunal audit entity serving municipalities in the Agder region with statutory public-sector audits. Closely comparable to VTR in legal form, service portfolio, and customer base of Norwegian municipalities.
• Romerike Revisjon IKS: Intercommunal municipal audit firm serving municipalities in the Romerike region. Comparable to VTR on mandate, ownership structure (IKS), and service offerings (financial audit, performance audit, ownership control).
• Østfold kommunerevisjon IKS: Intercommunal audit company for Østfold municipalities providing statutory financial audit, performance audit, and ownership control. Operates under the same Norwegian Municipal Act framework as VTR.
• Konsek Trøndelag IKS: Trøndelag-based intercommunal company delivering audit and assurance services to Norwegian municipalities and county councils. Same IKS ownership model and same three-pillar audit portfolio as VTR.
• Rogaland Revisjon IKS: Intercommunal audit firm for municipalities in Rogaland, Norway. Delivers regnskapsrevisjon, forvaltningsrevisjon and eierskapskontroll under the same IKS / Municipal Act framework used by VTR.

Regional players

• Nordland fylkeskommune revisjon / KomRev Nord: Regional intercommunal audit company serving northern Norwegian municipalities and county councils. Comparable service mix (statutory public-sector audit) but geographically distinct from VTR's Vestfold og Telemark territory.

Broad incumbents

• BDO AS (Norway): Large Norwegian audit and advisory firm with a public-sector practice that competes with intercommunal firms like VTR for advisory and certain audit engagements. Comparable services (financial audit, advisory) but operates commercially rather than under municipal mandate.
• KPMG AS (Norway): Major international audit and advisory network in Norway with a public-sector practice. Overlaps with VTR in audit and advisory services to municipalities and state-owned entities, but operates on a commercial rather than IKS-statutory basis.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/vestfold-og-telemark-revisjon

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about vestfold kommunerevisjon