Representatives from Brazil's accounting sector reacted to recent statements made by Finance Minister Fernando Haddad, who suggested that the number of accountants in the country is excessive and that tax reform could render their role irrelevant. In response, organizations such as the Federal Accounting Council (CFC), the national federation of the profession (Fenacon), and the Brazilian Institute of Independent Auditors (Ibracon) defended the importance of accountants and auditors in the business landscape. They argued that no significant business transaction occurs without the involvement of a qualified accounting professional, emphasizing the critical nature of their work.

The Ibracon highlighted the essential role that accountants play in the successful execution of transactional and corporate activities, stating that over 526,000 professionals are currently practicing in Brazil. Joaquim Bezerra Filho, the president of the CFC, responded by asserting that the successful implementation of any tax reform will rely heavily on the expertise of accountants, rather than merely on legislative decrees. This reinforces the notion that policymakers should consider the professional insights and contributions of accountants in discussions about regulatory changes.

The Fenacon went further by classifying any attempt to undermine the significance of accounting as "unacceptable." The collective response from these accounting organizations illustrates a desire not only to counter Haddad's assertions but also to ensure that the critical role of accounting professionals is acknowledged and preserved in the evolving economic landscape, especially in light of proposed tax reforms. Their calls for respect towards the profession emphasize the need for a balanced discourse on the future of accounting in Brazil.