Miscellaneous communications
Please note that from 3 October 2022 you can find us at our new address: strada Șipotul Fântânilor nr. 8, sector 1, Bucharest (close to Cișmigiu Park).
For this reason, the Authority for the Public Oversight of Statutory Audit Activity will be closed to the public from 27 to 30 September 2022.
Thank you for your understanding!
Yours sincerely,
The ASPAAS Team
In the current context of the war in Ukraine, the restrictive measures imposed on Russia and Belarus are having serious consequences and effects on the global economy, including uncertainty about the future of companies in many sectors. In this situation, both those charged with governance and statutory auditors must give increased attention to analysing exposure to going concern risk and the implications for the annual financial statements and, consequently, for the audit report. For more details on the professional recommendations addressed to statutory auditors, click here.
Dear auditors,
On the occasion of the National Day of the Financial Auditor, the ASPAAS Team extends its sincere congratulations and best wishes!
We wish you every success and outstanding achievements in your professional work, as well as good health, joy and fulfilment in your personal life!
We also assure you of our full openness to dialogue and to finding the best solutions to the difficulties you face, in support of the profession you represent at such a high level!
Best wishes!
Georgiana Oana Stănilă
President of ASPAAS
Press release 26/02/2021: On 19.02.2021 the Financial Supervisory Authority (FSA) issued a press release on reporting in the European Single Electronic Format (ESEF). The communication concerns the obligation of entities whose securities are admitted to trading on a regulated market to prepare and publish their annual financial statements in the single electronic reporting format provided for in Article 153 of Law No 24/2017 on issuers of financial instruments and market operations, as amended and supplemented. The FSA informs issuers listed on the regulated market in Romania that the obligation to issue financial statements in the ESEF format applies from the annual financial statements for financial years beginning on or after 1 January 2021. For earlier periods, issuers may already apply the ESEF requirements voluntarily. The single electronic reporting format is laid down in Commission Delegated Regulation (EU) 2018/815 of 17 December 2018 supplementing Directive 2004/109/EC of the European Parliament and of the Council with regard to regulatory technical standards on the specification of a single electronic reporting format (ESEF Regulation). More details on ESEF reporting can be found (HERE)
In this context, ASPAAS informs statutory auditors and audit firms carrying out statutory audits at entities whose securities are admitted to trading on a regulated market that they must issue a statutory audit report expressing an opinion on whether: (i) the annual financial statements give a true and fair view in accordance with the applicable financial reporting framework; and (ii) these annual financial statements have been prepared in accordance with the requirements of the ESEF Regulation. On 28 November 2019 the Committee of European Auditing Oversight Bodies (CEAOB) adopted guidelines on the involvement of auditors in financial statements reported in the ESEF format. For details, follow the link: (HERE)
