- an audit company may be established in the form of a limited liability company or a joint stock company. The greater part of the value of the contributions to the share capital of the audit company belongs to auditors and/or resident or non-resident audit companies;
- an auditor may be a natural person who holds an auditor’s qualification certificate issued by the Certification Commission of the Ministry of Finance and containing the data stipulated in art.22 of Law no.61/2007;
- an auditor who is an individual entrepreneur shall comply with the provisions of Law no.61/2007. The name of the enterprise shall include the word “Auditor”.
- the executive body of the audit company is headed by an auditor;
- the administrator of the audit company may be a natural person who has the capacity of auditor;
- an auditor may carry out audit activity as an employee of an audit company or as an auditor who is an individual entrepreneur;
- in addition to audit activity, the audit company and the auditor who is an individual entrepreneur may provide the services stipulated in art.6 of Law no.61/2007.