TRAINEESHIP
The Authority for the Public Oversight of Statutory Audit Activity (ASPAAS) is the competent authority for setting the requirements for access to the traineeship in statutory audit / sustainability reporting assurance, and for organising and conducting the traineeship in accordance with Law No 162/2017, as updated, and the Rules on theoretical training and practical training in statutory audit, approved by Order of the President of ASPAAS No 150/2018, as amended and supplemented (Rules). The traineeship in statutory audit comprises two components, namely the theoretical training of trainees and practical training, and lasts three years.
Registration for the traineeship in statutory audit / sustainability reporting assurance is made UPON APPLICATION, in accordance with Articles 4 and 5 of the Rules, on the basis of the application for registration (ANNEX 1 to the Rules ) submitted to ASPAAS and payment of the registration fee in accordance with Order of the President of ASPAAS No 287/19.04.2025 approving the fees and contributions payable by statutory audit trainees, statutory auditors and audit firms (Order 287/2025) .
Practical training is carried out on the basis of the Traineeship Agreement, set out in ANNEX 2 to the Rules, under the guidance of a mentor certified by ASPAAS, in accordance with Chapter III of the Rules. Trainees admitted to the traineeship must submit the traineeship agreement and proof of payment of the contribution for year I of the traineeship within no more than 30 days of being notified that their application has been approved; otherwise they lose trainee status and may reapply for the traineeship. At the beginning of each traineeship year, trainees must submit a Declaration of good repute – ANNEX to the Rules. The traineeship year ends after one calendar year, on the basis of the Mentor’s declaration on the trainee’s assessment set out in Annex 3 to the Rules; the issue of the traineeship certificate is conditional upon payment of the contribution for the following year of the traineeship, in accordance with Article 2(2) of Order No 287/2025.
Theoretical training of trainees is carried out in accordance with Article 7(1)(b) and (1^1) of Law No 162/2017, as amended and supplemented. During practical training, trainees must complete a theoretical training course organised/recognised by ASPAAS. For the theoretical training course to be recognised, trainees send ASPAAS proof of its completion before the end of the traineeship. In accordance with Article 11(8) of Law No 162/2017, as amended and supplemented, theoretical training and practical training in statutory audit may be deemed equivalent for natural persons who prove, with supporting documents, that they have been employed
- for 15 years in professional activities in the financial, accounting and/or legal field,
- for 3 years in professional activities in the audit of annual financial statements and consolidated annual financial statements, carried out alongside a statutory auditor who performed statutory audit engagements, including 8 months in sustainability reporting assurance, where applicable,
as well as for persons who have been doctoral supervisors in finance or accounting for at least 5 years. All the details can be found here: https://www.aspaas.gov.ro/echivalare-stagiu/ .
