The future of the audit profession depends on its ability to attract, develop and retain talented people. In Romania, as in many jurisdictions around the world, the profession has experienced a gradual decline in the number of candidates pursuing the qualification pathway, particularly among younger generations. While financial audit continues to offer diverse and rewarding career opportunities, the traditional route to qualification was often perceived as lengthy and rigid: under national legislation, a candidate wishing to become a financial auditor had to first pass the entry test for practical training, complete three years of supervised practical training under an authorized mentor, and finally pass the professional competence exam.

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The Chamber of Financial Auditors of Romania (CAFR) is the professional body responsible for regulating and monitoring financial audit activities in Romania, other than statutory audit. The Authority for Public Oversight of Statutory Audit Activity (ASPAAS) is the national competent authority in the field of statutory audit, which oversees financial auditors and audit firms. ASPAAS holds the ultimate responsibility for key regulatory functions for the profession. ASPAAS has delegated several operational activities to CAFR, including the organization of the entry test for practical training, the professional competence exam, the CPD programme and the translation and adoption of ethical and auditing standards