6920

Authorization procedure and Trade Register aspects for CAEN 6920

Registration with the Trade Register for CAEN 6920 involves completing the registration declaration and the standard application, with precise mention of the CAEN code 6920 and its official name. For authorized natural persons (PFA) or individual enterprises, a declaration on own responsibility according to Law 359/2004 is submitted, attesting compliance with the legal operating conditions. Limited liability companies (SRL) or joint-stock companies (SA) must submit to the territorial office of the Trade Register (ONRC) the founding act, proof of registered office, share capital, and appointment of administrators.

No specific prior approvals from other institutions are required for mere commercial registration, but the actual exercise of accounting and financial audit activities falls under professional regulations. For financial audit, registration in the Register of Financial Auditors managed by ASPAAS is mandatory, and for accounting, the status of certified accountant or authorized accountant is required, according to Government Emergency Ordinance 65/1995 on the profession of certified accountant and authorized accountant.

In practice, registration with ONRC takes between 1 and 5 working days, and after receiving the registration certificate, fiscal registration with the Tax Authority (ANAF) is requested (VAT code, corporate income tax or income tax). It is recommended to check the fiscal code and fiscal vector before starting the activity to avoid penalties.

Regulatory framework, specific approvals and control institutions

The CAEN 6920 field is subject to special regulations due to its professional nature. The Accounting Law no. 82/1991, Government Emergency Ordinance 65/1995 on the exercise of the profession of certified accountant and authorized accountant, and the ASPAAS norms for financial audit constitute the main legal framework. The Body of Certified Accountants and Authorized Accountants (CECCAR) and the Public Oversight Authority for Statutory Audit Activity (ASPAAS) are the institutions that regulate and control the activity.

For financial audit, auditors must be active members of ASPAAS, comply with International Standards on Auditing (ISA), and submit to periodic control. Penalties for non-compliance may include withdrawal of the audit authorization.

In the case of tax consultancy, the provisions of the Fiscal Code, the Fiscal Procedure Code, and Law 207/2015 apply. ANAF carries out checks regarding compliance with the law, especially in the case of tax returns filed on behalf of clients.

Additional approvals are not required for registration with ONRC, but exercising the profession requires membership in CECCAR (for accounting) or authorization by ASPAAS (for audit). Obtaining professional liability insurance is recommended.

Fiscal management, ANAF audit risk and specific accounting

From a fiscal perspective, companies carrying out accounting and audit activities may choose corporate income tax (16%) or micro-enterprise income tax (1% of turnover, for revenues under EUR 500,000, except for consultancy services where the rate is 3%). Authorized natural persons (PFA) are subject to income tax and social contributions (CAS, CASS), determined based on income norms or actual data.

The risk of an ANAF audit is high in this field, as the activity involves processing financial data of third parties and may generate errors or omissions in one's own declarations. ANAF may order cross-checks to verify the correlation between reported revenues and deductible expenses. It is mandatory to keep accounting records in strict compliance with the Accounting Law and to keep supporting documents for 10 years.

Specific accounting involves recording revenue from services, expenses for salaries, rent, office supplies, and travel. Invoicing is done through the RO e-Factura system starting from 2023, and declaration of tax obligations is done monthly or quarterly through declarations 100, 300, 390 (for high turnover) and 406 (e-Factura). Technical recommendations include: implementing an approved accounting software, maintaining client data confidentiality according to GDPR, and setting clear contractual fees.