Equivalence of theoretical training and practical training 

In accordance with Article 9^1 and in application of Article 11(8) of Law No 162/2017, as amended and supplemented, practical training in statutory audit and, where applicable, in sustainability reporting assurance may be deemed equivalent for natural persons who:

a) prove, with supporting documents, that they have been employed for 15 years in professional activities that enabled them to gain sufficient experience in the financial, accounting and/or legal field, for the equivalence of practical and theoretical training in statutory audit;

b) prove, with supporting documents, that they have been employed for 3 years in professional activities that enabled them to gain sufficient experience in the audit of annual financial statements and consolidated annual financial statements, carried out alongside a statutory auditor who performed statutory audit engagements, including 8 months in sustainability reporting assurance, where applicable, for the equivalence of practical training in statutory audit and, where applicable, in sustainability reporting assurance;

c) have been doctoral supervisors in finance or accounting for at least 5 years, for the equivalence of practical training in statutory audit.

For the equivalence of theoretical training and practical training in statutory audit, the persons referred to above shall submit to ASPAAS an  application for equivalence, using the standard form (available on the left under USEFUL FORMS), accompanied by: the declaration of good repute, certificates, employment/service/collaboration contracts or any other  official documents,  in original or certified copy, proving experience in the fields concerned, as well as  proof of payment of the fee  for the review of the equivalence file. The natural persons referred to in points b) and c) must also submit  proof of completion of the theoretical training course  in the fields referred to in Article 9(1) and (2) and/or (3), as applicable, of Law No 162/2017, as amended and supplemented.

The equivalence file is reviewed by an assessment committee established by decision of the President of ASPAAS, which draws up a report submitted to the President of ASPAAS with a proposal to approve or reject the application for equivalence, as appropriate. Persons whose application for equivalence has been approved must pay the equivalence fee within no more than 30 days of being notified of the approval. Failure to pay the fee within that period results in the application being cancelled.

The obligations to pay fees and contributions, the payment deadlines and the consequences of non-payment are set out in Order of the President of ASPAAS No 287/2025 (available here:  Regulations)