Presidential Decree No. 226/1992, amended by Presidential Decree No. 341/1997, established SOEL in 1992 as a legal entity. Before the establishment of the Hellenic Accounting and Auditing Standards Oversight Board (ELTE), SOEL acted as a supervisory body for the auditing profession. The institute’s current mandate, under ELTE’s supervision, includes: (i) maintaining a registry of CPAs and audit firms; (ii) administering the professional examination of CPAs; (iii) establishing and enforcing initial and continuing education requirements; and (iv) conducting QA inspections of CPAs of non-public interest entities. In addition to being a member of IFAC, the SOEL is a member of Accountancy Europe.