Chamber of Financial Auditors of Romania
Member | Established: 1999 | Member since 2008
The CFAR was established by Government Ordinance No. 75 of 1999 and is comprised only of auditors – physical and legal persons. CFAR members are authorized to perform other services than statutory audit unless they are issued a license by the ASPAAS (the audit oversight body).
CFAR is authorized by Ordinance No. 75 of 1999 to carry out certain responsibilities: (i) maintain registries of its members - auditors and audit firms; (ii) continuous professional development for its members in all relevant fields, except for statutory audit; (iii) investigative and disciplinary activities, related to its members; and (iv) conduct QA reviews for engagements other than statutory audit. CFAR has been delegated the following tasks by ASPAAS: (i) organization of the exam to access practical training; (ii) organization of the professional competence exam at the end of the practical training; and (iii) organization of the CPD program for Romanian financial auditors.
Both CFAR and CECCAR are Members of IFAC as well as Accountancy Europe. CFAR is also a member of EFAA and the Common Content Project.
Statements of Membership Obligation (SMO)
The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
Methodology
Last
updated: 05/2022
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Status of Fulfillment by SMO
Disclaimer
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Contact
67-69 Sirenelor, District no. 5
Bucharest 050855
Romania
Tel: ++40-31-433-59-45
Fax: +40-21-410-0396
cafr@cafr.ro
http://www.cafr.ro