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April 18, 2021

Accounting experts fined 4.05 M RON

The Competition Council (CC) issued a fine of 4.05 M RON, about 950,000 euros, against the Body of Accounting Experts and Authorized Accountants in Romania (CECCAR) for setting the fees practiced by its members, Agerpres quoted Competition Council President Bogdan Chiritoiu as saying. An investigation opened by the Competition Council in 2009 showed that CECCAR set accounting fees since as early as 2001, despite the CC’s warnings against it. Authorities say the Tariff Setting Regulations were updated in 2004 and the sums charged converted into euros. In order that all its member charge the same fees, CECCAR decided in 2009 to publish the fee brackets in the Official Journal. “This is the highest percentage fine the CC has ever issued, 9.2 per cent of the CECCAR revenues in 2009, and the largest ever applied to an association. This proves the gravity of the deed, which amounts to a cartel lasted for nine years, and its aggravated feature, namely the law being encroached upon after the probe opened and the CC warnings being ignored,” Bogdan Chiritoiu said. The CC called upon the CECCAR to cease its anti-competitive behaviour that hurt hundreds of thousands of small and medium-sized enterprises, and to abrogate the Regulations within three months since the Body was formally informed of the decision.

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