ABSTRACT
The growth of accountancy was quite marked during the intervening years. During the latter part of the 18th century, Charles Emanuel III legally recognized the chartered liquidators as being the only ones qualified to discharge the duties of the public accountant. In the early part of the 19th century Napoleon I required the enforcement of a decree in Italy, restricting the practice of accountancy to Italy's Chartered Accountants. The need of uniformity in the education of accountants was keenly felt by 1860. This situation continued until 1906 when at the insistence of a number of accountants who were college graduates, the state enacted regulatory legislation. Legislation for the accounting profession in Roumania has reached the highest pinnacle yet attained in any country. Thus the history of legislation concerning the accounting profession in South America has been practically negative except as to Argentina and Uruguay.
