The first pages of CECCAR history were written in July 1920, when the project on regulating the Body of Licensed Accountants and Expert Accountants of Romania was sent directly to the Minister of Labour, Grigore L. Trancu-Iaşi who supported and submitted it to the Parliament in September 1920, obtaining the approval of the Chamber on June 18, 1921 and of the Senate on July 1, 1921. In just a few months – by December 31, 1921 – the Body would establish 42 county sections within the local structures of the “Association of Commercial Schools Graduates”. Professor Grigore L. Trancu-Iaşi was elected as honorific President of the institution and subsequently re-elected for almost 20 years.

The Body had a remarkable development, in service of the economic interest, and a crucial contribution to the European and international organization of the accounting profession: experts from all over the world participated in the nine congresses held during 1923-1939 (once in every 2 years), and, as an international acknowledgement, the 5th Congress of the Body was hosted simultaneously with the 7th global accounting congress. Afterwards came the socialist period, during which, although accounting services were nationalized, the professional title of expert accountant continued to resist at least for two activities – judicial accounting expertise and censor activities, in which the accounting profession performed its duties within the limitations and constraints specific to that period, within companies, institutions and in education and research.

The reestablishment of the Body in 1992, endorsed by law in 1994, constituted the re-instalment of a significant profession for the Romanian economy and society.

With a rich national tradition and a remarkable capacity to organize and manage the accounting profession, the CECCAR managed to become, within a short time, an elite organization of the European and international accounting profession, currently being an active participant to the decision-making process in this area, with a well-defined place in the architecture of the accounting profession in Romania, and with a well-established role for its members in every company, as well as in the national economy.

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