56. Which institution(s) is responsible for examining financial reports and/or investigating violations?

The National Audit Office is vested with wide investigative powers to, at any time, call for all necessary documents to verify that the funding received by political parties complies with the requirements of the Act on the Finances of Political Organisations and Candidates and their Information Disclosure. It is not, however, empowered to request supporting further evidence (e.g. receipts, invoices) concerning candidates’ accounts.

GRECO (2008), Evaluation Report on Iceland - Transparency of Party Funding (Theme II), p.10.

The National Audit Office.