Building on semi-structured interviews and publicly available documents in the realm of accounting, auditing and capital market regulation in Romania, this paper reviews and reflects on the prerequisites for, and conditions affecting the development of a financial reporting enforcement system (FRES) of Western origin in an emerging economy. It does so by examining institutional factors within and across the key components of the Romanian FRES, namely the engagement of the preparers and auditors of corporate financial reports and their interactions with public oversight bodies. The creation and functioning of the Romanian FRES are driven by the dynamics between Western and local pushes and pulls. Western actors offered support, especially in terms of technical assistance and educational programmes, but the Romanian government delayed the implementation of local support mechanisms, such that practices and mindsets did not change initially. Although practices and institutions have evolved since the country joined the European Union in 2007, the pursuit of a functional Western-based FRES remains an on-going process that is highly dependent on both the continuous external provision of adequate resources and the enrolment of national actors in the deployment of these resources.

本文以罗马尼亚会计，审计和资本市场监管领域的半结构化访谈和公开文件为基础，回顾并思考了影响西方财务报告执行系统（FRES）发展的前提条件和条件。起源于新兴经济体。它通过检查罗马尼亚FRES关键组成部分之内和之间的制度因素来做到这一点，即公司财务报告的编制者和审计师的参与及其与公共监督机构的互动。罗马尼亚FRES的创建和运行受到西方与本地推拉之间动力的驱动。西方参与者提供了支持，尤其是在技术援助和教育计划方面，但是罗马尼亚政府推迟了地方支持机制的实施，以至于做法和心态一开始并没有改变。尽管自该国于2007年加入欧盟以来，实践和机构已经发生了变化，但寻求以西方国家为基础的功能性FRES仍是一个持续进行的过程，这在很大程度上取决于持续不断的外部提供充足的资源以及国家行为者的加入在这些资源的部署中。