The CNOEC is an independent organization, under the purview of the Ministry of Economy, Finance and Budget, created by Ordinance No. 45-2138 of 1945. Individuals and legal entities are required to be members of CNOEC in order to offer accountancy services other than auditing. In accordance with the law, the CNOEC responsibilities include the following: (i) maintaining the registry of chartered accountants and accounting firms; (ii) establishing CPD and professional conduct requirements; (iii) establishing and operating a quality control system; (iv) preparing and drafting professional conduct standards; (v) drafting auditing standards for contractual audits and reviews of historical financial information, and other assurance and related services engagements; (vi) providing input into the accountancy curricula and IPD requirements for chartered accountants; and (vii) representing, promoting, defending, and developing the profession of chartered accountant, both in France and abroad. In addition to being an IFAC Member, CNOEC is also a member of Accountancy Europe, the Federation Internationale des Experts-Comptables Francophone, and the Fédération des Experts-Comptables Mediterranéens. In addition, CNOEC participates in the European “Common Content Project.”