Regulation of Accounting-Related Professions in Selected European Union Countries

Abstract

The article focuses on different approaches of selected European Union countries to regulate the three accounting-related professions: accountancy, auditing and tax consulting. Among these professions only auditing is closely related to public interest. As the result, the common EU regulation only relates to the auditing profession, whereas the regulation of other accounting-related professions is left entirely to the Member States. In the article, the EU countries are classified in four distinctive groups, each group representing the EU countries with similar regulation of the three professions. From each group, one representative country is selected and an analysis of its national regulation of the three professions is demonstrated.