The Message of Her Majesty Margareta, Custodian of the Crown of Romania, on the Occasion of the 22nd Edition of the Congress of the Romanian Accounting Profession

Her Majesty Margareta, Custodian of the Crown of Romania, conveyed a message for the opening remarks of the Congress, which was presented on Friday, 28 September 2018, by the President of the Superior Council of CECCAR, Prof. Robert-Aurelian Șova, PhD.

The contents of this message are rendered below:

“I congratulate the Body of Expert and Licensed Accountants of Romania for organising the 22nd Edition of the Congress of the Accounting Profession. It is a historical fact that the accounting profession in Romania was the same age as my father, King Michael I. In its 97 years of existence, the profession blossomed like a flower, full of vitality in its beginning during the interwar period, when it stood at the vanguard of the European accounting science, followed by a difficult period through the darkness of communism, and being reborn in 1992 in a modern system adapted to the realities of our society.

Accounting and auditing, often denigrated as boring, too complex or useless, are in fact to essential necessities for the economic organization of society. To explain the evolution of human society, the entire economic science is based on the synthetic results of the accounting activity, and it verifies its postulates in relation to them. Without accounting, we cannot discern the reality of financial flows, we cannot objectively asses the efficiency of a company, we do not have the key to verify the activity of the government bodies of any entity.

The accounting profession can and must contribute to the consolidation of the economic discipline, providing objective and accurate information on companies and public budgets. Only by reconsolidating trust and predictability between economic partners can we give momentum to investments and projects over the medium and long term.

I hope the Congress of the accounting profession will be productive and focus on the contribution this profession could have to the development of our society.”

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