(Official Gazette n. 62/2013, 30/2018)
Amendments to the Law on Accounting and to the Law on Auditing were adopted on the 19th April 2018. The provisions entered into force on the 28th April 2018. However, a period of 6 (six) months was left for companies or entrepreneurs who provide this type of services to harmonize operations with the adopted changes.
From amendments in the both laws is evident an intention of the legislator to harmonize the Law with the new international standards for the prevention and detection of money laundering and terrorist financing (MANIVAL Committee recommendations of the Council of Europe).
The changes stipulate that the founder or owner, or member of the management, engaged in providing accounting services must not have been previously convicted for offenses against labor rights, economy, property, judiciary, money laundering, financing of terrorism, public order, legal procedures and official duties. So, except the intention of harmonizing with the EU legislation, there is a noticeable desire for greater protection of users of accounting services and auditing services.