Font Size: 
The Role of the Professional Accountants in Business Administration
Luminita Ionescu

Last modified: 2016-10-07


In the last decades the role of the accountant became very important not only for corporate or public entities, but also for small business. The consequences of the financial crisis of 2008 reveal the role of professional accountants in businss administration and the importance of accounting for the modern society. In my oppinion, accounting profession contribute to transparency in financial reporting system and may improve the business comunication.
This research is based on the analysis of the data collected through two questionnaires given to 100 entrepreneurs from Bucharest and other cities in Romania. It is well known that the small and medium-sized enterprise (SME) sector is a major employer of the professional accountants.
In the last part of this research the results will indicate the importance of accountants in Romanian society and business administration.


accountancy profession, accounting, auditing, entrepreneurship



[1] Bunget, O.C. et al. (2009) The accounting profession and professionist in Romania, MPRA Paper No. 18408, posted 6 November 2009[2] Cox, D.(2012) An Introduction to Money Laundering Deterrence, Editor John Wiley&Sons, London[3] Dunn, J. (2002) Auditing.Theory and Practice, Editor Prentice Hall, 2nd Edition[4] Dutescu, A., Olimid L. (2004) Financial Accounting, Editura CECCAR, Bucharest[5]. Ionescu, L., Caloian, F. (2014) Bureaucracy and Corruption in Public Sector Accounting, Annals of Spiru Haret University Economic Series, Volume 14(1), p.17-23[6]. Ionescu, L. (2010) Exploring the Ethics of Accounting, Journal Contemporary Readings in Law   and Social Justice, Volume 2(1), pp. 158[7]. Jeacle, I., & Carter, C. (2014) Creative Spaces in Interdisciplinary Accounting Research, Accounting, Auditing & Accountability Journal, 27(8), paces in Interdisciplinary Accounting Research. Accounting, Auditing & Accountability Journal, 27(8), 1233-1240[8]. Jeacle I,  Miller P.(2016) Accounting, Culture, and the State, Journal Critical Perspectives on Accounting, Volume 37, June 2016, pp.1-4[9]. Mutiu A., Tudor Tiron A.(2007) The arise of the accounting profession in Romania – an overview of the key factors, The Annals of the University of Oradea, Economic Sciences, vol. 2, 2007, p. 472-475[10]. Zaman, G.,Ionescu, L. (2016) Fighting Corruption Generated by Accounting. Case Study Romania, ECOCYB, Volume no. 2/2016,  ASE ,Bucharest[11]. – IAS 1 Presentation of Financial Statement, electonic version 2016[12]. - Roles and Importance of Professional Accountants in Business[13] – History of CECCAR[14] – Government Ordinance no. 65 of  19 August 1994, on the Organization of the Accounting Expertise and Licensed Accountants’ Activity, republished


Full Text: PDF