RESTRICTED
WORLD TRADE S/WPPS/W/7/Add.22
5November 1996
ORGANIZATION
(96-4876)
Working Party onProfessional Services Original: English
COMMUNICATION FROM BRAZIL
Response tothequestionnaire ontheaccountancy sector
Thefollowing communication iscirculated attherequest ofBrazil.
________
I. GENERAL
1. What aretheprofessional titlesofaccountants inyourcountry? Arethese professional titles
protected? Please specify how.
Intheaccounting areatherearetwoprofessional titles: Accountant requiring, University study
-Bachelor inAccounting Sciences -andAccounting Technician, requiring secondary grades.
Suchtitlesareprotected bytherequirement ofcompulsory registration oftherespective diploma
attheRegional Accounting Councils, subordinated totheFederal Council ofAccounting.
OnlyprofessionalsbearingtheregistrationnumberofRegionalAccountingCouncilsmayperform
theAccountant orAccounting Technician duties inthecountry.
2. Howistheaccountancy sector regulated inyourcountry: bylaw,professional self-regulation,
acombination ofboth?
TheAccounting sector inBrazil isregulated byDecree No.9.295, of27May1946, which
created theFederal Council ofAccounting andtheRegional Accounting Councils, establishing
thelegalrequirements forregistration andcontrol oftheAccounting professions, which includes
Accountants andAccounting Technicians.
TheBrazilian Institute ofAccountants (IBRACON) founded on13December 1971 brings
together asassociates byvoluntary enrolment, accountants ofallareasofaccounting activities,
andalsotoestablish accounting principles, technical book-keeping andbalance assessment rules,
aswellastoelaborate rulesandprocedures tobeusedinproviding special services, suchas
external andinternal auditing, accounting surveys, etc.
Itisalsoitsdutytooversee theobservance oftheAccounting Professional Ethics Code
established bytheFederal Council ofAccounting, aswellastheobservance oftheProfessional
Ethics Principles.
Theself-regulatedactionoftheBrazilianInstituteofAccountantscomplementsthelegalauthority
oftheFederal Council ofAccounting.S/WPPS/W/7/Add.22
Page2
3. Arethere anyprovisions toprotect company names, whether national orforeign, inyour
country?
Oneoftheobjectives ofthecompulsory registration intheRegional Councils, established by
Resolution CFC No.496,of5October 1979, istoassure, inprinciple, theprotection of
accounting services companies names, since itdoesnosaccept names ofhomonymous firms.
However, themost complete protection ofnational andforeign company names, canbeby
means ofregistering suchnames attheNational Institute forIndustrial Propriety (INPI), which
isapublic institution withlegalattributions toprovide suchguaranty.
4. What aretheprofessional bodies inyourcountry? Aretheyrecognised bylawasaregulatory
ordisciplinary bodyfortheaccountancy profession inyourcountry, orarethese functions
fulfilled byother institutions (please specify)?
Theprofessional bodies inBrazil are:
Ministry ofEducation: intheAccounting professional formation, asinallother regulated
professions, graduation isrequired, asabasis forprofessional qualification.
Thediploma obtained afterfinishing college studies inAccounting Sciences orAccounting
Technician isregistered attheMinistry ofEducation.
Regional Accounting Council: withthisgraduation, theAccountant orTechnician Accountant
willonlybeauthorized topractise after being registered attheRegional Council ofhis
jurisdiction, according totheprovisions ofDecree No.9292of27May1948.
Therefore, thesetworegisters represent theessential legalconditions required bytheAccountant
andAccounting Technician profession.
5. How many members dothese professional bodies have? What istheestimated proportion
ofthose:
- inpublic practice
- inindustry orcommerce
- inthepublic sector
- ineducation
- unoccupied (retired, etc.)
- other
Registered professionals attheRegional Accounting Councils untilApril 1996:
- Accounting technician 206154
- Accountant 105844
- Overall Total 311998
- Public accountant 5%
- Industry andCommerce 75%
- Public sector 15%
- Education 2%
- Other 3%S/WPPS/W/7/Add.22
Page3
6. What isthescope ofactivities regularly practised byaccountants inyourcountry?
- statutory audit
- audit ofmergers
- audit ofcontributions inkind
- public sector audit
- other audits
- accounting
- insolvency practice
- taxadvice
- taxrepresentation
- investment advice
- consulting
- expert witness inaccounting
- other
General Activities
Activities Accountant Acc.Tech. Lawyer Economist Administrator
Statutory Auditing x
Fusions Auditing x
Donations Auditing x
Public Sector Auditing x
Other Auditings x
Accounting x x
Insolvency Practice x x x x
Tributary Advising x x x x
Tributary Representation x
Investments Advising x x x
Consulting x x x x
Accounting Attestation x
OthersS/WPPS/W/7/Add.22
Page4
7. Which ofthese activities areregulated inyourcountry?
Regulations
Activities Yes No
Statutory Auditing x
Fusions Auditing x
Donations Auditing x
Public Sector Auditing x
Other Auditings x
Accounting x
Insolvency Practice x
Tributary Advising x
Tributary Representation x
Investments Advising x
Consulting x
Accounting Attestation x
Others x
8. Which oftheseactivities arereserved bylawtoaccountants, shared byaccountants withother
professions (please specify), orevenforbidden toaccountants inyourcountry, e.g.byfull
prohibition orbynotallowing cumulation ofcertain activities which areconsidered
incompatible ormutually exclusive?
Activities Accountant Acc.Tech. Lawyer Economist Administrator
Statutory Auditing x
Fusions Auditing x
Donations Auditing x
Public Sector Auditing x
Other Auditings x
Accounting x x
Insolvency Practice x x x x
Tributary Advising x x x x x
Tributary Representation x
Investments Advising x x
Consulting x x x x x
Accounting Attestation x
OthersS/WPPS/W/7/Add.22
Page5
II. QUALIFICATION REQUIREMENTS
9. What arethequalification requirements forthese activities inyour country interms of
university/higher education degree, practice andprofessional exam? Specify thenumber
ofyears required foreach element, andthedifferences according totheactivities (audit,
insolvency, tax,etc.)covered bythequalification.
Requirements arethefollowing:
Accountant -Administrator -Economist -Lawyer -Engineer -Actuaries College Study or
University Diploma: 5years
Accounting Technician -Technical course atmedium leveldiploma: 3years
Inorder toactintheareaofExchange Markets, theauditor mustalsoregister attheSecurities
Exchange Commission (Law No.6.385 of7December 1976), forwhich (five) years experience
inauditing isrequired.
10. Arethere anypre-conditions tomeet tostarttheprofessional education: minimum age,
particular diploma ortitle,prior education, registration withaprofessional body, payment
ofafee,other (please specify)?
Accountant Sciences Course
Bylawthefollowing previous conditions arerequired forstarting university education:
- having concluded highschool;
- having beenqualified inpre-college course
Accounting Technician Course
Previous conditions:
- having concluded elementary school
11. What arethesubjects tobecovered bytheeducation: accounting, audit, tax,general law,
economics, ethics, information technology, other (please specify)?
Education fortheprofession includes accounting, audit, tax,general law,commercial law,
taxlaw,economics, ethics, information technology, statistics, notions ofadministration, foreign
trade andfinance andmathematics, among others.
III. TECHNICAL STANDARDS AND ETHICS
12. Inrelation towhich activities donational standards exist(audit, accounting, insolvency,
other)? Please specify theirmain policy objectives.
There aremandatory technical rules andprocedures established bytheFederal Council of
Accounting andbytheBrazilian Institute ofAccountants forservices ofAuditing andS/WPPS/W/7/Add.22
Page6
Accounting. Theobjective ofthesetechnical dispositions istoobtain thenecessary uniformity
oftechnical procedures andtodiscipline theprofessionals 'behaviour.
13. Which bodyorinstitution develops thesestandards andmonitors theirimplementation? What
aretheconsequences ofabreach ofthestandards (fortheprofessional, forclients, etc.)?
Thedevelopment ofthese standards isdeveloped bytheFederal Council ofAccounting jointly
withtheBrazilian Institute ofAccountants.
Abreach ofthestandards makes theprofessional subject topenalties bytheRegional Councils
ofAccounting ofthejurisdiction ofhisprofessional address byaprocess regularly established.
Intheareas ofExchange Markets, Finance, Insurance andSocial Security, theprocesses will
alsohavetheinterference oftheSecurities Exchange Commission, which canapply penalties
(suspension, discredit andfines), and,according tofederal legislation theauditor orthe
independent auditing firmwillanswer forthedamages caused tothirdparties duetofaultor
fraud intheexercise ofitstechnical functions.
14. Aretheinternational standards developed byIFAC (International Education Standards and
Guidelines, International Standards onAuditing) andIASC (International Accounting
Standards) recognised orusedinyourcountry? Ifyes,please explain how. Ifno,please
explain why.
Ingeneral,standardsestablishedbyIFACandIASCarerecognizedbytheBrazilianAccountants,
asnational standards issued bytheFederal Council ofAccounting andbytheBrazilian Institute
ofAccountants areharmonised withthem.
15. Inrelation towhich activities does aparticular ethical code exist (audit, accounting,
insolvency, other)? Please specify itsmain policy objectives.
ThereisaProfessionalEthicsCodefortheAccountants,includingtheexerciseoftheAccountant
andtheAccountingTechnicianprofessionsapprovedbytheFederalCouncilofAccounting,which
istheentity incharge ofinspecting theprofession. Principles ofProfessional Ethics werealso
established bytheBrazilian Institute ofAccountants.
Themajor objective oftheAccountants Professional Ethics Code istoregulate theAccountants '
conduct when practising.
Itestablishes duties andprohibitions, procedures fordetermination offees,aswelldisciplines
fortheAccountants'conducttowardstheircolleagues.Fordisciplinaryinfractionsthefollowing
penalties areforeseen: warning, private reprehension andpublic reprehension.
16. Which body orinstitution develops thiscodeandmonitors itsimplementation? What are
theconsequences incaseofbreach oftheethical codebyaprofessional orafirm?
Development andmonitoring oftheEthics Code isadutyoftheFederal Council ofAccounting.
Judgement oftheissues related tothetransgression oftheprovisions oftheEthics Code is
originally undertaken bytheRegional Councils ofAccounting, which willactasRegional Ethics
Fora. Theright tosuspend theaction isgranted totheFederal Council ofAccounting, due
toitsstatus astheSuperior Tribunal ofProfessional Ethics.S/WPPS/W/7/Add.22
Page7
17. Arethere restrictions onmarketing, solicitation, advertising?
TheEthics Code ofAccounting prohibits theimmoderate advertisement -admitting onlythe
mention oftitles, specializations andservices offered -aswellassoliciting, instigating or
suggestingpublicityofpersonalmeritsorprofessionalactivitiesanddirectorindirectlyrecruiting
services ofanykindwhich maycause moral damage ordiscredit fortheAccounting Class.
18. Arethere restrictions onfee-setting (minimum/maximum levels imposed, indicative scale,
etc.)?
TheProfessionalEthicsCodeestablishesgeneralrulesfordeterminingfees,withoutestablishing
minimum ormaximum values. However, themarket practices have notbacked upsuch
guidelines resulting inafreecompetition regime withaperceptible trend towards reducing
honorariums. Some syndicated entities inafewstates ofBrazil havetriedtoestablish some
minimum feesscales. However, thisaction hasnotproduced concrete results.
IV. LICENSING REQUIREMENTS AND PROCEDURES
19. Apart fromthequalification requirements, whatarethelicensing requirements forindividuals
inyourcountry?
- membership ofaprofessional body (inthejurisdiction, elsewhere)
- registration withtheministry oranyother institution
- subscription toaprofessional indemnity insurance
- taking ofanoath
- absence ofanycriminal record
- police enquiry
- minimum age
- other (please specify)
- Oathupon graduation.
- Diploma registration attheMinistry ofEducation andattheRegional Council of
Accounting inwhich theactivity isgoing tobedeveloped.
- Declaration ofinexistence ofprevious punitive convictions related tocrimes against
thepatrimony, public faithandpublic finance administration.
- Proof ofmilitary service discharge, when appropriate.
- Proof ofelectoral status, when appropriate.
20. Arethere anyconditions imposed tobeeligible formembership oftherelevant professional
body(ies)? Please specify.
There arenoother conditions except thepayment ofannual feesforregistration maintenance.S/WPPS/W/7/Add.22
Page8
21. Arethere specific licensing requirements forprofessional firms?
- minimum capital
- number ofpartners
- membership ofaprofessional body
- registration withtheministry oranyother institution
- professional indemnity insurance
- withreference tonatural persons carrying outaccountancy activities onbehalf of
thefirm
- withreference tovoting rights
- withreference tomanagement/administration ofthefirm
- other (please specify)
Minimum capital: there isnorequirement forminimum capital.
Number ofmembers: there isnoprovision inthisregard.
Professional organization: requires registration attheCRC oftheJurisdiction.
Others:
- Thecontract thatconstitutes thefirmmustbeinscribed intheCivil Register ofLegal
Persons, under theformofacivilsociety, established torender Accounting professional
services.
- Registration cardoftheGeneral Cadastre oftheContributors (CGC) oftheFinance
Ministry.
- Location permit issued bytheCityHallattheplace where thefirmorprofessional
isestablished.
- Inthecaseofauditing services fortheExchange Markets, Financial Institutions,
Insurance companies andComplemental Social Security, theSecurities Exchange
Commission requires thatthefirm beestablished only byAccountant partners
(University level) andhavetheobjective ofperforming onlyAuditing services and
others pertaining totheAccountant ’sprofession.
- Inorder toperform auditing services inpublic entities, specific registration atthe
Finance Ministry isrequired.
Insurance ofprofessional indemnity: doesnotexist.
Individuals rendering services inname ofafirm: Registration attheCRCs asResponsible
Technician isrequired.
Voting rights: there arenolimitations.
Administration/Management
- Administration/Management ofaFirm: legislation allows theconstitution ofmixed
societies, understood asthose thathaveaspartners, besides Accountants, members
ofother professions approved bytheFederal Council ofAccountants (administrators,S/WPPS/W/7/Add.22
Page9
dataprocessing analysts, architects, actuaries, economists, engineers linked to
Accounting, statisticians, dataprocessing programmers andexecutive technologists)
dulyregistered attherespective inspection offices forregulated professions, provided
thatonly theaccounting activity asmajor objective orfirm adoption, name or
denomination proving thiscondition, thattheAccountant partner(s) is(are) majority
partner(s).
TheSociety established byAccountants andbyother professionals considered ofsimilar kind
bytheFederal Council ofAccounting, intended torender integrated professional services, and
thesocalled mixed Society, mayparticipate inother Society ofAccounting Services under
thefollowing conditions:
(a) Theother professionals mustberegistered attherespective inspection units;
(b) Thecontract establishing themixed Society must discriminate thetechnical
attributions ofeachpartner;
(c) Themixed Society cannot havetheaccounting activity asitsmainobject, and
itcannot adopt asocial name ordenomination thatmakes suchpractice evident,
theAccounting partner(s) must detain themajority ofthesocial capital;
(d) ThereisnopossibilityforthemixedSocietytoparticipateinauditingcompanies
acting intheexchange markets, financial market, insurance andprivate Social
Security; theSecurities Exchange Commission establishes initsinstruction
No.216thatauditing companies acting intheseaccounting services segments
mustbeconstituted exclusively byaccountants torender auditing services and
arecorrelative totheAccountant category.
22. Cananapplication forlicensing befiledatanytimeoftheyearorarethere specific dates
torespect? Howlongdoesittaketocomplete thewhole licensing procedure? Please specify
incaseofdifferences between individuals andfirms.
Itmaybedone atanytimeoftheyear. Documentation being complete, theestimated time
isof30daysmaximum andthereisnodistinction between procedures forindividuals orfirms.
23. Arethere differences interms oflicensing requirements and/or procedures, according to
theactivities covered bythelicence (audit, insolvency, etc.)? Please specify. What kind
ofdocumentation isnecessary/accepted? Aredocuments issued inother countries acceptable?
Please specify.
No.However, inthecaseofAuditing Exchange Markets, theFinance Market, Insurance and
Social Security, itisnecessary thataspecific registration beobtained attheSecurities Exchange
Commission, together withthedocuments required byInstruction No.216,of29June1994,
asfollows:
“Article 5
“Forpurposes ofregistration inthecategory of“Independent Auditor
-legalPerson ”theinterested party should prove, atthesame time:
I. toberegistered attheCivil Register ofLegal Persons, under
theformofacivilsociety established exclusively forrenderingS/WPPS/W/7/Add.22
Page10
professional auditing services andother services related tothe
accountant profession;
II. allthepartners must beaccountants;
III. tobementioned inthesocial contract orequivalent document
aclause thatdisposes thatthesociety willberesponsible for
thereparation ofdamages caused tothirdparties, because of
faultorfraud intheexercise oftheprofessional activity and
thatthepartners willberesponsible, jointly andunlimitedly
forthesocial obligations, after thesociety ’sassets are
exhausted;
IV. toberegistered -aswellasitspartners andtheregistered
responsible technicians -attheRegional Council of
Accounting;
V. theresponsible technicians withpowers toissue andsign
auditing opinion inthename ofthesociety must have
performed auditing activity ofaccounting statements within
thenational territory foraperiod nolessthan5(five) years,
consecutively ornot,starting fromthedateofregistration at
theRegional Council ofAccounting, intheAccountant
category, exception made todisposition inarticle 6;
VI. tohaveregistered atleasthalfofthepartners asresponsible
technicians inthiscommission;
VII. tomaintain alegalprofessional office inname ofthesociety
withinstallations compatible totheexercise ofindependent
auditing activity inconditions thatassure thekeeping, the
safety andthesecrecy ofdocuments andinformation decurring
from thisactivity, aswell asthetotal privacy inthe
relationship withtheclient;
VIII. tobementioned inthesocial contract, aclause attributing to
oneofthepartners theduty ofresponsibility before the
SecuritiesExchangeCommissiontoprovideinformationrelated
totheobedience ofthisinstruction ”.
Documents issued inother countries arenotaccepted, unless arevalidation ofthediplomas
ofprofessionals desiring topractise inBrazil hasbeendone, through procedures foreseen in
theBrazilian legislation andcarried outinUniversities inthecountry, orifacultural agreement
exists between Brazil andthecountry oforigin ofthediploma.
24. What happens when thelicensing conditions arenolonger respected bytheindividual or
thefirm?
Insuchcases thecancellation ofthelicence willoccur afteraprocess isinitiated andthenon-
compliance withthelicensing conditions isdetermined.S/WPPS/W/7/Add.22
Page11
V. RECOGNITION OFQUALIFICATIONS
25. Arethereanypossibilitiesfortakingaccountofqualificationsacquiredbyforeignprofessionals
inanother country? Arethere bilateral agreements withother countries inthisrespect?
Yes,according toinformation supplied onquestion No.23,thatmeans, iftheforeign diploma
isdulyrevalidated.
26. Arethere anyautomatic recognition ormutual recognition agreements between your
professional bodies andtheircounterparts inother countries? Ifso,please specify themain
characteristics ofsuchagreements; ifnot,please explain why.
Intheaccounting segment there isn’tanyagreement ofautomatic Mutual Recognition.
27. Where possibilities oftaking account offoreign qualifications exist, isafulllocalexamination
oralocaltraining exceeding 12months required? Please specify. Isalocallicence always
necessary topractice aregulated accountancy activity? Please specify when thisisnotthe
case.
Therevalidation ofdiplomas obtained abroad willbeprocessed attheUniversities andwill
takeintoaccount, according torules established bytheNational Council ofEducation:
“Article 6-Thecommission thathandles theprevious article must
examine among others, thefollowing aspects :
I. qualification tobechecked through thetitleandconformity
ofaccompanying documents;
II. conformity ofthecourse attended abroad withtheoneoffered
inBrazil.
SoleParagraph -TheCommission mayrequest additional documents
orinformation which, according toitsjudgement, maybeconsidered
necessary.
Article 7-When there areanydoubts about therealequivalence of
studies abroad, theCommission maydetermine thatthecandidate be
submitted totestsandexamination inPortuguese language inorder
toverify thatequivalence.
Paragraph l-Inthecases ofgraduation courses testswilldealwith
subjects included intheminimum curricula ofcorresponding courses
inBrazil, or,initsabsence, inthecourses plans approved bythe
Federal Council ofEducation.
Paragraph 2-When thecomparison between titles, aswellasthetests
andexamination results, show thenonfulfilment oftheconditions
required forrevalidation, thecandidate must takecomplementary
studies inthesame institution orinother which provides similar
courses.S/WPPS/W/7/Add.22
Page12
Paragraph 3-Inanycase, itisrequired thatthecandidate has
accomplished orwillaccomplish theminimum requirements ofthe
corresponding Brazilian courses.
Article 8-TheCommission shallprepare adetailed report about the
procedures adopted and,based onthefulfilment oftherequirements
established fortheequivalency recognition, willissue opinion with
conclusion about theviability oftheintended revalidation, tobe
confirmed bytheappropriate entity inthestructure oftheinstitution ”.
28. Whataretheaccreditation/licensingrequirementsimposedonforeignprofessionalsauthorised
topractice intheirhome country? Maycertain (regulated) activities becarried outonthe
basis ofaforeign licence?
Thediploma registration attheMinistry ofEducation andattheRegional Council ofAccounting
oftheJurisdiction where theprofessional willpractise aretheinitial required documentation
foraprofessional legalqualification inBrazil, withnopossibility ofpractising inBrazil for
foreign professionals based ontheirqualifications inthecountry oforigin.
VI. REGULATIONS GOVERNING THE ESTABLISHMENT OFACOMMERCIAL
PRESENCE
29. Arethere anyrestrictions ontheform under which onecanestablish (partnership,
incorporation, other)? Please specify.
There arenohindrances aslongastheprocedures observe therequired conditions forthelegal
qualification oftheprofessionals whowillpractise, aswellastherulesestablished bytheFederal
Council ofAccounting forestablishing firms.
30. Arethere restrictions onforeign direct investment andownership, including restrictions
applying tonotlocally qualified individuals orfirms? Please specify.
There arenorestrictions concerning foreign investment butifitisdirected totheprofessional
activities ofaccountants, itmustbeinconformity totherulesoflegalqualification established
bytheFederal Council ofAccounting.
31. Isthere arequirement ofaminimum number orpercentage oflocal directors, managers
orstaff(please specify)?
There arenorules about theminimum number oflocal directors. However, thelegal rules
established bytheFederal Council ofAccounting require thatatleastoneAccountant must
beapartner, intheposition ofresponsible technician when itflows from thesociety statute
thatitsobjective istherendering ofservices oftheattribution andprerogatives ofthe
Accountant.
32. Arethererestrictionsontheabilityoflocallyestablishedfirmstodevelopinternationalrelations
(membershipofaninternationalnetwork,associationwithforeignfirms,etc.)?Pleasespecify.
There arenorestrictions concerning thepossibility ofnational firms participate ininternational
auditing netsortoassociate withforeign firms, butthislinktohavenoregistration orinscription
intheCRCs, representing onlyarelationship between companies.S/WPPS/W/7/Add.22
Page13
33. Istheuseofinternational orforeign names restricted forfirms?
There arenorestrictions fortheuseofthenames ofinternational firms. The“BigSix”are
alloperating inBrazil andtheirsubsidiaries areestablished andregistered according toBrazilian
law.S/WPPS/W/7/Add.22
Page14
VII. REGULATIONSGOVERNINGTHEENTRYANDTEMPORARYSTAYOFNATURAL
PERSONS FOR THE PURPOSE OFSUPPLYING ACCOUNTANCY SERVICES
34. Istheentry andstayofprofessionals subject tolabour market testsoranyother restrictions?
Please specify.
Therequirements forentry andstayofprofessionals areregulated asfollows:
For Necessary documents Pre-requirements
Temporary resident ’svisa Visarequest jointly withpassport
photocopy andproof ofscholar
andprofessional experienceCompany must request
authorization forforeign labour
calltotheLabour Ministry
Permanent resident ’svisa Thesame required fortemporary
plusproof ofminimum
investment ofUS$200thousand
inBrazil andforstatutory
director proof oflinkwiththe
companyCompany must present proof of
minimum investment required
andproof oflabour linkage for
thestatutory director
Moving Authorization Resident visa, passport copy, list
ofpossessions, labour and/or
company contract, power of
attorney tothemoving company,
etc.Iftemporary, term of
responsibility ofemployer to
assure thatattheendofthe
contract thepossessions will
leave thecountry.
Identity card(National Register
forForeigners -(RNE)Resident visa, photo and
passport copy
Bank Checking account and
credit cardRecord from RNE, passport and
number ofCPF (registration in
theFinance Ministry)Resident visa
Working card Original RNE andtwocopies
Property rental CPF andwarrantor
Starting acompany Contract which includes partner
ofanynationality andBrazilian
orresident manager orperson
responsible forthecompany
Cardriving Valid driver ’slicense forthe
state where living (each state has
itsownrules)Rental agencies request drivers
license andpassport. Tobuya
caritisnecessary toprovide
CPF
School registration ofchildren School records legalized atthe
Brazilian consulate inthe
country oforigin andtranslated
byofficial translator inBrazilS/WPPS/W/7/Add.22
Page15
35. Isthere anyprocedure facilitating thetemporary entry andstayofprofessionals tosupply
accountancy services? Please explain.
No,oncetheexercise oftheaccounting services activity willalways require theprevious
registration oftheforeign diploma attheMinistry ofEducation, aftertherevalidation ofits
process attheRegional Council ofAccounting inthejurisdiction where itisgoing topractise.
36. Arethere anyrestrictions onhiring oflocalprofessionals byforeign firms andprofessionals?
Please explain.
Ingeneral therearenorestrictions. However, according totheAccounting Professional Ethics
Code, theaccounting professional cannot signdocuments andaccounting papers prepared by
thirdparties notunder hissupervision.
VIII. NATIONALITY/RESIDENCY REQUIREMENTS
37. Isacondition ofnationality/citizenship imposed topractice certain activities, tostartan
education, toobtain alicence, tobecome member ofaprofessional body, etc.? Please specify.
Thecondition ofnationality/citizenship isnotrequired forthepractice oftheAccountant
profession activities and/or toinitiate aneducation, toobtain thelicense tobecome amember
ofaprofessional organisation. However, hisregistration attheMinistry ofJustice isrequired,
according todispositions inarticles 30to33ofLawNo.6815of19August 1980which defines
thesituation oftheforeigner inBrazil andcreates theNational Council ofImmigration. It
isprohibited totheforeigner toparticipate intheadministration orrepresentation ofasyndicate
orprofessional association aswellasininspecting entity oftheregulated performance ofthe
profession.
38. Isacondition ofestablishment, prior residency orresidency imposed topractice certain
activities, toobtain alicence, tobecome member ofaprofessional body, etc.? Please specify
theconditions andthedefinition ofestablishment, residency, etc.when relevant. Isitpossible
tohaveaprofessional establishment inmore thanonecountry?
Yes,considering thattheregistration fortheexploitation ofAccounting services mustbedone
intheCRCs withthepreviousindicationofresidenceorheadquartersoftheAccountantsSociety.