Ordem dos Técnicos Oficiais de Contas (OTOC) is a professional organization responsible for regulating the accountancy

Accountancy

Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...

 practice in Portugal

Portugal

Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...

. OTOC runs an admittance examination every four months and everyone that passes it becomes a Técnico Oficial de Contas (TOC), the authorized tax and accountancy practitioner in Portugal.

OTOC, which is the largest Portuguese professional body, with more than 75,000 affiliates, offers a broad range of training programs to its members, and is an active member in the public discussion of accounting and finance issues.

OTOC is not to be confused with Ordem dos Revisores Oficiais de Contas (OROC), a separate organisation which confers the national qualification for auditors (ROC).http://www.oroc.pt

Membership of international bodies

OTOC is a member of CILEA - Comité de Integração Latino-Americana and of IFAC - International Federation of Accountants

International Federation of Accountants

International Federation of Accountants is the global organization for the accountancy profession. IFAC has 164 member and associates in 124 countries and jurisdictions, representing more than 2.5 million accountants employed in public practice, industry and commerce, government, and academe...

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