In accordance with Article 4 of Law No 162/2017, the audit firm authorised in a Member State has the right to perform statutory audit in Romania, under the following conditions:

• the key audit partner performing the statutory audit on behalf of the audit firm to be authorised as financial auditor in Romania;
• the authorised audit firm must be registered in the Electronic Public Register of financial auditors and audit firms, in accordance with the provisions of Article 14 and 16 of Law No 162/2017;
• the audit firm must prove that it is registered with the competent authority of the home Member State and that the certificate attesting the registration of the audit firm in the home Member State issued by that competent authority must not be older than 3 months.

ASPAAS informs the competent authority of the home Member State regarding the registration of the audit firm in Romania.