Working Committees

The working committees have the following main objectives:

•    Provision of technical assistance to CAFR members, CAFR executive members or management bodies, for different areas of activity;
•    Harmonization of legislation for different areas of activity, including financial audit;
•   Developing guidelines and other materials useful to financial auditors.

Working committees can be set up on different areas of activity, either on definite or indefinite term.

Who can be part of the working committees set up at CAFR level

The working committees consist of the following categories of entities:

•    One or more members of the CAFR Council, honorary financial auditors, members of the CAFR Excellence Committee or the CAFR Executive Board;

•   Financial auditors, CAFR members, or members of other professional bodies in the Member States;
•    Trainees in financial auditing;
•  Academic staff in accounting, auditing, taxation, etc.;
•    Other professionals in the field who do not have the capacity of financial auditor;
•    Financial auditors, trainees, or professionals in the field proposed by CAFR or CAFR auditing firms, depending on the activity of a work committeee;
•    Professionals from ministries or other institutions, or organizations working in areas relevant to the subject matter of the committee for which they are proposed.

The criteria for selecting and co-opting a person within a working committee mainly include the following:

•    Professional qualifications held by that person;
•    Affiliation to a CAFR member audit firm or other national and international institutions and authorities in the field;
•    The professional reputation of the person proposed to be part of a work committee and / or the audit firm designating a representative within a working committee;
•    In the case of financial auditors – The results obtained by the financial auditor / audit firm, following the quality inspections carried out by the CAFR Monitoring, Control and Skills Department, respectively having the A rating;
•    In the case of financial auditors – they have not been subjected to disciplinary sanctions by CAFR;
•    Professional experience in the field for which a working committee is set up;
•    Studies or materials published in the financial-accounting field or in the field for which the working committee has been set up;
•    The results obtained during the traineeship test and the professional skills examination, organized by CAFR;
•   In the case of financial auditors and trainees – they should have fulfilled all obligations towards CAFR. 
•    And they should not have or have had conflicts/litigation with CAFR or have affected the CAFR’s reputation and image.

1.    Working Committee on Ethical Code Implementation and Interpretation Issues (Click here)
2.    Working Committee on Audit Issues and ISA Implementation (Click here)
3.    Financial Reporting Working Committee (Click here)
4.    Working Committee on the entities regulated by the NBR (Click here)
5.    Working Committee on the Audit of the entities regulated by ASF (Click here)
6.    Working Committee on the Audit of the European Funds (Click here)
7.    Working Committee for Internal Audit (Click here)
8.    Working Committee on Various Professional Issues (Click here)
9.    Working Committee for Trainees (Click here)
10.   Working Committee on Prevention and Fight Against Money Laundering (Click here)

Please inform us on the issues you are encountering in practice, related to which you either manifest certain reserves, or you do not have enough arguments, the regulations are contradictory, or they involve a high degree of risk.
We are looking forward to receiving the issues you are encountering at the Chamber’s address (No. 67-69 Sirenelor St, 5th district, Bucharest, OP 5, CP 83) or by e-mail at

The materials prepared by each working committee are under the property of CAFR and shall be used and distributed to the public only with the CAFR’s agreement.

The responses made by a working committee to various professional issues raised by CAFR auditors are not mandatory for financial auditors and are considered as good practice recommendations. Responses by a working committee shall be communicated to the auditors who raised the issues and/or shall be posted on the CAFR website/forum, as appropriate, by not holding responsible the members of the working committee or the Chamber.

Procedure concerning the organization and functioning of the working committees