Romania joins Common Content Project

By ICAS Education Team

26 November 2015

The main body of auditing practitioners in Romania has joined the Common Content Project.

Joining 11 leading accountancy Institutes from eight major EU member states, the Camera Auditorilor Financiari din Romania (CAFR), the premier body of auditing practitioners in Romania has become an associate member of the Common Content Project.

About the Common Content Project

The Common Content Project was created in response to the globalisation of business activity, the single market and regulatory harmonisation. Via the project, Europe's leading accountancy Institutes are working together to bring their professional qualifications closer together.

The CAFR is very pleased to join other leading accountancy bodies in the EU in the Project. We look forward to working together with other member Institutes on enhancing the quality of education of auditors both in Romania and at an EU level.

It aims to develop, maintain and unify high-quality professional accountancy education benchmarks reflected in the distinct qualifications of participating bodies. The project is also recognised internationally as meeting the challenges posed by globalisation and the needs of its diverse stakeholders.

Membership of the Common Content Project

EU Member State Leading EU Accountancy Bodies
Belgium Instituut van de Bedrijfsrevisoren / Institut des Réviseurs d’Entreprises (associate member)
France Compagnie Nationale des Commissaires aux Comptes / Ordre des Experts-Comptables
Germany Institut der Wirtschaftsprüfer / Wirtschaftsprüferkammer
Ireland Chartered Accountants Ireland
Italy Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili
The Netherlands Nederlandse Beroepsorganisatie van Accountants
Romania Camera Auditorilor Financiari din România (associate member)
United Kingdom Institute of Chartered Accountants in England and Wales / Institute of Chartered Accountants of Scotland

Hans van Damme, Chair of the Project's Steering Group, said: "We would like to welcome the CAFR, which is a well-respected body both nationally in Romania and internationally, as the newest associate member of our Project and as the first member from South-Eastern Europe to join our Project."

Gabriel Radu, President of the CAFR, said: “The CAFR is very pleased to join other leading accountancy bodies in the EU in the Project. We look forward to working together with other member Institutes on enhancing the quality of education of auditors both in Romania and at an EU level and to contribute to the dialogue with audit oversight authorities in the EU on harmonizing education in the EU."

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