ASPAAS has published comprehensive rules on the verification, registration, and updating of information of financial auditors and audit firms in the Public Electronic Register, aimed at enhancing transparency and professional integrity.
The submitted file is reviewed by ASPAAS staff, who draft a report proposing approval or rejection. A key criterion is good repute — meaning no prior suspension or withdrawal of authorizations in other jurisdictions and no final criminal convictions. Any official or public information affecting reputation is included in the report.
ASPAAS may reject applications from third-country auditors if the file is incomplete, good repute is lacking, legal requirements are unmet, audit reports are non-compliant, or the registration fee remains unpaid. Rejection decisions are reasoned and communicated; if approved, the ASPAAS president issues the registration order within 60 days.
The register also records subsequent notes such as suspension/resumption of activity, deregistration (upon withdrawal of authorization or in case of death), and data updates. Auditors and firms must notify ASPAAS of changes within 30 days, under the sanctions of Law 162/2017. Information is published in Romanian, and optionally in English.
Administrative acts are communicated by e-mail but can also be picked up in person or delivered by courier at the applicant’s expense.
The rules also set conditions for authorizing auditors/firms to perform sustainability reporting assurance: submission of a special application, completion of at least 18 hours of training (for those authorized before 2026), or passing a competence exam (for those authorized after 2026). Firms may provide this service only if at least one designated auditor is authorized accordingly.
These updated provisions strengthen the legal framework for a professional, transparent, and accountable audit practice in Romania.