Global Knowledge Gateway, Hosted by IFAC, Provides Venue for Global Accountancy Profession to Share, Learn, Engage, and Grow
New online portal to global knowledge, resources, and news serves and connects accountants worldwide The International Federation of Accountants (IFAC) has launched the Global Knowledge Gateway, a new digital hub for the global accountancy profession: www.ifac.org/global-knowledge-gateway. The Gateway serves professional accountants and aspiring accountants in all sectors by providing streamlined access to relevant resources, news, discussions, and thought leadership. Interested in debating the latest global developments impacting our profession? Looking for best practices in risk management? Have a question about recent trends in business reporting? Want to help shape the future direction of your profession? Need to stay informed about sustainability? Look no...

Council of the European Union adopts legislative package on the reform of the audit market
The Council today1 adopted a legislative package for the reform of the audit market in the EU. The reform is aimed at increasing transparency and confidence in the audit market by enhancing the credibility of the audited financial statements of public-interest entities (PIEs), which are companies with a significant public interest because of the nature of their business, their size, their number of employees or their corporate status, including banks, insurance companies and listed companies. In addition, the new rules will facilitate a wider choice of audit providers, in a market that is nowadays highly concentrated in a few big accounting firms. Read...


Research on the market of accounting services from the SMEs perspective
CECCAR has launched a public invitation to all entities assisted by expert accountants (accounting practices) in order to take a survey that addresses SMEs needs in relation to the accounting services provided by SMPs. This survey is intended as a supporting tool for both SMEs and SMPs by providing some answers to different questions such as what are Clients’ needs and plans. This survey is focusing on evaluating the degree of satisfaction of SMEs as SMPs clients as well as the relationship with the expert accountant or the accounting practice, in general. The survey takes approximately 10 minutes and can be taken...

Report and Elections of the National Conference of Expert and Licensed Accountants of Romania
Bucharest - 14 March 2014 The report and elections of the National Conference of Expert and Licensed Accountants of Romania were held in Bucharest, on the 14th of March 2014, according to the regulations and the following agenda: 1. Report regarding the activity of the Superior Council and the Council of all CECCAR Branches for 2013. 2. Report on the financial activity results for the Body of Expert and Licensed Accountants of Romania as of the 31st of December 2013. 3. The Statutory Auditor's Report regarding the financial activity of CECCAR for 2013. 4. The execution of the income and revenues budget and of the...


The conference call of the FEE Accounting Working Party, March 11, 2014
The conference call of the FEE Accounting Working Party took place on March 11, 2014. The topic for debate was the Complexity Bulletin (a bulletin regarding the complexity of financial statements) prepared by EFRAG together with ANC (the French Autorité des Normes Comptables), ASCG (the Accounting Standards Committee of Germany), OIC (Organismo Italiano di Contabilità) şi FRC (UK Financial Reporting Council). The publication of this Bulletin is part of the EFRAG strategy to stimulate European debates and connect shareholders to the developments related to IASB's conceptual framework review project. The question launched by this Bulletin is whether it is necessary to...

FEE Corporate Reporting Working Party Conference-call
On March 4, 2014, the FEE Corporate Reporting Working Party held a conference-call that was also attended by C.E.C.C.A.R. representative in this group.  The conference call agenda covered the following topics:  implementation of the Maystadt Report recommendations concerning EFRAG restructuring, ESMA consultation on Guidelines on Alternative Performance Measures, FEE comments on country-by-country reporting requirements under Article 89 of the Capital Requirements Directive IV (2013/36/EU) on June 26, 2013, concerning the access to credit institutions and prudential oversight of credit institutions as well as other relevant elements for the audit and corporate reporting area, at the European and international level. In March...