June 2023, Bucharest – AICPA® & CIMA®, together as the Association of International Certified Professional Accountants, and the Chamber of Financial Auditors of Romania (Camera Auditorilor Financiari din Romania, CAFR), have signed a Memorandum of Understanding (MoU) to drive the development of the financial audit profession in Romania. This collaboration highlights a shared commitment to promoting the role of the financial auditing profession, enhance public trust, and boosting career growth for auditing professionals in Romania.

Through the agreement, CAFR members will be able to grow their knowledge and expertise by accessing the wide array of AICPA & CIMA Continuing Professional Development (CPD) resources and subscribing to its CGMA Finance Leadership Program. In the coming months, the two organisations will also explore other learning opportunities and work more closely to deliver events and webinars, grow knowledge sharing for auditing and accounting professionals, and fostering international cooperation.

Adrian Popescu, President of the Chamber of Financial Auditors of Romania, said: “The Chamber’s mission is to build the public recognition and trust of the financial audit profession in Romania. By working with AICPA & CIMA, we can offer our members access to the resources and experience of the worlds’ largest professional bodies for public and management accounting. It will help us in our efforts to support businesses, improve the adoption of international standards, and ensure the Romanian financial audit profession serves the public interest.

Jakub Bejnarowicz, Regional Director for Europe at AICPA & CIMA, together as the Association of International Certified Professional Accountants said: “We are delighted to strengthen our relationship with CAFR to help advance the skills, competencies, and knowledge of auditing professionals in Romania. Their role is evolving, and it is important to define what the future holds and how they can seize new opportunities. We are committed to providing financial auditors with the support they need to develop their careers, thrive in a rapidly changing business world, and support long-term growth for their organisations and the clients they serve.”

– ENDS –

Media contact

Martyna Makiel, External Relations Manager, Europe Email: Martyna.Makiel@aicpa-cima.com

Tel: +48 662 800 455

Adriana Spiridon, Head of Marketing, Communication and International Relations Email: international@cafr.ro

Tel: + 4031 433 5945

About AICPA & CIMA, together as the Association of International Certified Professional Accountants

AICPA® & CIMA®, together as the Association of International Certified Professional Accountants (the Association), advance the global accounting and finance profession through our work on behalf of 698,000 members, candidates and engaged professionals in 188 countries. Together, we are the worldwide leader on public and management accounting issues through advocacy, support for the CPA license, the CGMA designation and specialised credentials, professional development and thought leadership. We build trust by empowering our members and engaged professionals with the knowledge and opportunities to be leaders in broadening prosperity for a more inclusive, sustainable and resilient future.

The American Institute of CPAs® (AICPA), the world’s largest member association representing the CPA profession, sets ethical standards for its members and U.S. auditing standards for private companies, not-for-profit organisations, and federal, state and local governments. It also develops and grades the Uniform CPA Examination and builds the pipeline of future talent for the public accounting profession.

The Chartered Institute of Management Accountants® (CIMA) is the world’s leading and largest professional body of management accountants. CIMA works closely with employers and sponsors leading-edge research, constantly updating its professional qualification and professional experience requirements to ensure it remains the employer’s choice when recruiting financially trained business leaders.

About CAFR

CAFR is the competent authority regulating and monitoring the financial audit in Romania, other than statutory audit. Our professional body promotes and supports the profession of financial auditor, protecting the interests of the professionals themselves and the public interest. CAFR is a leader in the promotion of international professional standards on auditing and ethics, of high quality continuous professional education, while also providing the business environment and society with clear sets of regulations, the appropriate level of competence and reliable information.

The Chamber’s mission is to build, on a solid ground, the identity and public recognition of the

Romanian financial audit profession, having as a main objective its sustainable development, in

accordance with international provisions, that will allow the CAFR members to provide high quality services.

We are actively contributing to the activity of the International Federation of Accountants (IFAC), Accountancy Europe, the European Federation of Accountants and Auditors for SMEs (EFAA), Professional Accountancy Education Europe (PAEE) and the Strategic Forum for the Accounting Profession.