Management Accountancy Professions - Recognition of Firms See explanation of the designation of:

A request for recognition must be filed for management accountancy professions (management/commercial/payroll accountants) exercised by firms.

The authority will issue an official decision refusing recognition if the requesting party fails to meet any of the requirements for recognition.

The authority will revoke a recognition-based licence to exercise a management accountancy profession if the party concerned no longer meets the general requirements for recognition.

For firms the regulations of the Trade, Commerce and Industry Regulation Act 1994 (Gewerbeordnung 1994) do apply. General requirement is a valid errors and omissions insurance policy. The manager pursuant to trade law has to comply with the general requirements for the public appointment und must have passed the professional examination successfully which covers the entire extent of the firm's authorisation.

No special deadlines need to be observed.

The request may be submitted personally or in writing to the competent authority.

• Documentary proof of identity;
• Supporting documents concerning satisfaction of requirements (error and omissions insurance policy, office address, successfully passed professional examination, recent extract from the Companies Register (no more than six months old)).

Request

The fee for the request is Euro 47.30; for each attachment not charged yet the fee is Euro 3.90.

Fees or taxes become due once the procedure is settled. For this purpose a payment form will be mailed to the party concerned.

The President of the Austrian Federal Economic Chamber/ Office of the Management Accountancy Authority (→WKO)German text (Der Präsident der Wirtschaftskammer Österreich/Geschäftsstelle Bilanzbuchhaltungsbehörde)

Complaints will be decided by the federal administrative court ( Landesverwaltungsgericht) in question.

• Management accountants – recognition of firmsGerman text
• Commercial accountants – recognition of firmsGerman text
• Payroll accountants – recognition of firmsGerman text

Management accountancy professions (→ WKO) German text

• Sections 7 to 11, 24, 28 to 32 of the Bilanzbuchhaltungsgesetz (BiBuG)
• Gewerbeordnung (GewO)