Polish Chamber of Statutory Auditors

The PIBR was previously responsible for the establishment and implementation of a quality assurance review system under the audit oversight entity. It implemented and maintained a QA review system for all non-PIE audits and reported that it was working to ensure that the system met all SMO 1 requirements. Following amendments to the Act on Statutory Auditors, Audit Firms and Public Oversight, and the consequent establishment of the PANA as the new supervisory authority for auditors, PIBR retains no further responsibility for conducting quality assurance reviews.

PIBR reports that they have developed a guide to support their members in implementing systems of quality control as required by amended legislation. These amendments included the application of such systems to assurance services other than audit and related services. PIBR will also provide support to statutory auditors and audit firms when concerns or questions arise regarding specific situations.

The PIBR also assists its members with the implementation of the quality control standards by including QA-related topics in its continuing professional development courses and publishing technical guidance on this topic. In addition, prior to the establishment of PANA, PIBR trained inspectors responsible for conducting QA reviews.

PIBR has a dedicated page on its website on the new suite of quality management standards issued by the IAASB, which are effective in the jurisdiction as of January 1, 2023. The PIBR has translated the standards as well as IAASB implementation support materials (translated by PIBR) and prepared its own materials supporting the implementation of the ISQM 1, ISQM 2, ISA 220 (Revised) and the internal quality management system by SMPs. The page also includes the link to the PIBR communique on the adoption of the QMS by the PANA, including the link to the PANA’s resolution on their adoption. Additionally, the PIBR is providing CPD courses (e.g.: “Application of new quality management standards”, “New IAASB quality management standards - practical aspects of implementation”), webinars, and conference sessions devoted to new quality management standards.

The PIBR has demonstrated an ongoing process to maintain its level of fulfillment with the SMO 1 obligations and is committed to continuous review & improvement. In its Action Plan, the PIBR may consider including examples of training it is providing to members and/or other key stakeholders on the QM standards.

Current Status: Sustain

Broad initial professional development requirements (IPD) are established by law and are reported by PIBR as being in line with the IES issued in 2019. Implementation of these legislated requirements, including issues such as qualification proceedings and thematic scope of examinations, are determined by PIBR and approved by the Polish Audit Oversight Authority (PANA). The range of expected knowledge and learning outcomes, technical competences and professional skills are compared with the current IES 1-6 in order to synchronize them within the framework of the current legislation. They are essential for passing the PIBR exams, which consist of a written part (knowledge exams) and an oral part (diploma exam). Their purpose is to assess the practical application of theoretical knowledge and the possession of professional skills required of statutory auditors.

In November 2021, an agreement was signed with the University of Economics in Cracow on the recognition of exams, according to which the PIBR Examining Committee will recognize all knowledge exams of a candidate for statutory auditor, provided that the candidate has completed the second cycle of studies (master's degree) in “Financial Audit” at the University of Economics in Cracow. In October 2023 and May 2024, similar agreements were signed with the University of Economics in Wroclaw and the University of Economics in Katowice. The PIBR is hopeful that this will make the entry into the profession more feasible and reasonable for new candidates.

PIBR provides sample examination question sets (questions and tasks/case-studies) for candidates.

According to the World Bank’s 2016 report, Chamber of Auditors of Poland: Institutional Analysis, practical experience requirements align with IES 5 and the PIBR has developed principles and templates for documenting experience and competencies gained.

Similarly, PIBR develops CPD requirements in line with IES 7 which are subject to annual approval by the PANA. It publishes these requirements on its website to inform members of their obligations. It has also detailed in its SMO Action Plan previous examples of training topics for CPD.

In addition, PIBR reports that has aligned its regulations on the education requirements for statutory auditors to IES 8, Competence Requirements for Audit Professionals. It has also conducted various activities in support of the implementation of the IES 8 requirements.

PIBR has demonstrated its reviewing & improving actions as related to the SMO 2 obligations. PIBR may considering completing the IES Self-Assessment developed by IFAC as part of its continued progress and ensuring that the recent revisions to IES 2, 3, 4, and 8 (specifically on ICT & professional skepticism and effective in 2021) are incorporated into national requirements.

Current Status: Review & Improve

The PIBR is responsible for drafting auditing standards for application in Poland and proposing them to the audit oversight entity (PANA) for their approval. In April 2015, the PIBR proposed and received approval for the adoption of Clarified ISAs with modification and effective for the audits of PIEs on December 31, 2016, and to audits of non-PIEs on December 31, 2017. Since then, PIBR has developed a methodical and timely process (outlined in its SMO Action Plan) to translate the international standards in line with the IFAC Translation Policy and has worked closely with PANA to complete the adoption of the ISA and other IAASB Pronouncements. As of 2024, PIBR reports that all standards within the 2021 Handbook of International Quality Control, Auditing, Review, Other Assurance, And Related Services Pronouncements have been adopted for application in Poland an effective date of January 1, 2023. In September 2023, PIBR’s Council passed the resolution on the adoption of the ISA 600 (Revised) (included at the end of the 2021 Handbook with an effective date of December 2023) with an effective date of January 1, 2026. The resolution was approved by the PANA in October 2023.

Moreover, all the IAASB standards within the 2022 Handbook of International Quality Management, Auditing, Review, Other Assurance, And Related Services Pronouncements are in the process of being translated into Polish and subsequently adopted into Polish law.

In addition to its standard-setting role, PIBR has carried out a range of activities to assist its members with the implementation of the auditing standards. These include: translating a number of technical guides on the implementation of ISA such as the Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities and Guide to Quality Control for Small- and Medium-Sized Practices as well as other IAASB support materials; publishing resources and regulatory updates & resolutions on the PIBR website; providing technical support to frequently asked questions; developing materials supporting the implementation of the QMS; and including ISA, ISQM in its calendar of continuing professional development courses each year.

The PIBR has demonstrated an ongoing process to maintain its level of fulfillment with the SMO 3 obligations and is committed to continuous review & improvement and the sustained adoption process of IAASB pronouncements. As feasible, IAASB pronouncements that are adopted in Poland should have the same effective date as that provided by the IAASB.

Current Status: Sustain

In accordance with the Act on Statutory Auditors, Audit Firms and Public Oversight of 2017 as amended, the Polish Chamber of Statutory Auditors (PIBR) has responsibility for adopting ethical requirements for auditors subject to approval of the Polish Audit Oversight Agency (PANA).

Since 2011, the IESBA Code has been required for application by Polish auditors as translated by the PIBR and approved by the public oversight authority. The PIBR continuously monitors pronouncements and alerts issued by the IESBA. As of 2024, the 2022 Handbook of The International Code Of Ethics For Professional Accountants issued by the IESBA has been translated into Polish and adopted by the PIBR in December 2023 with an effective date of July 1, 2024. The resolution was approved by the PANA in December 2023.

Meanwhile, the Revisions to the Definitions of Listed Entity and Public Interest Entity—which have an effective date of December 15, 2024, in the 2022 and 2023 Handbooks— have been translated and the Polish language version was published on the PIBR website as a separate document. Additionally, the Revisions to the Code Relating to the Definition of Engagement Team and Group Audits have been translated and the Polish language version was published on the PIBR website as a separate document. Finally, the Technology-related Revisions to the Code—which have an effective date of December 15, 2024 in the 2023 Handbook— and Revisions to the Code Addressing Tax Planning and Related Services—which have an effective date of June 30, 2025—are in the process of being translated into Polish and subsequently adopted into Polish law.

The PIBR has developed activities to raise awareness of the IESBA Code of Ethics and to assist its members with the implementation of the standards. Examples of such activities include: the organization of seminars, webinars on the Code of Ethics and ethical issues, the delivery of continuing professional development courses (theoretical and practical case studies) on the IESBA Code of Ethics, including provisions on ethics in annual auditing conferences, preparing support and explanatory materials on the new Code of Ethics, collating a bank of ethical dilemmas and responses from the Ethics Committee for publication on its website, translating additional implementation materials from IESBA and IFAC, and providing responses to members’ specific inquires and concerns regarding ethical problems and/or situations. Moreover, PIBR has a dedicated page on its website on the new IESBA Code of Ethics. The page includes Polish translations of the IESBA Revisions to the Code (2022 IESBA Handbook) and support materials (translated by PIBR).

The PIBR has demonstrated an ongoing process to maintain its level of fulfillment with the SMO 4 obligations and is committed to continuous review & improvement and the sustained adoption process of IESBA pronouncements. As feasible, IESBA pronouncements that are adopted in Poland should have the same effective date as that provided by the IESBA.

Current Status: Sustain

The Ministry of Finance (MoF) is responsible for the adoption of public sector accounting standards in Poland. National standards are applied on a partial accrual basis as reported in The International Public Sector Financial Accountability Index developed by the Chartered Institute of Public Finance & Accountancy (CIPFA) and IFAC. The Accountants Association in Poland (AAP) reports that the MoF is considering the adoption of IPSAS and intends to translate the IPSAS Handbook as a first step.

PIBR notes that its efforts are focused on promoting the adoption of IPSAS to the Ministry of Finance. PIBR reports that it raises awareness of the international standards through conferences and training courses. It also states that it provides input on legal drafts of regulations that affect public sector accounting in Poland.

Current Status: Sustain

In accordance with the Act on Statutory Auditors, Audit Firms and Public Oversight of 2017 as amended, the Polish Chamber of Statutory Auditors (PIBR) and the Polish Audit Oversight Agency (PANA) are responsible for the I&D mechanisms for auditors.

The PIBR conducts disciplinary proceedings for statutory auditors who do not adhere to CPD requirements and for other offenses that are not related to the performance of assurance engagements or in violation of national professional standards. Meanwhile, the PANA conducts disciplinary proceedings against statutory auditors for violations and offenses related to the performance of the audit profession other than those which are subject to the PIBR responsibility. The PIBR reports that its I&D procedures are based on SMO 6 requirements; however, only statutory auditors may sit on the Disciplinary Tribunal.

The nomination procedure for both the National Disciplinary Prosecutor (NDP) and the National Disciplinary Court (NDC) is regulated by the Act of May 11, 2017, on Statutory Auditors, Audit Firms and Public Oversight as amended, independently from the self-government of statutory auditors. Pursuant to the Act, it is currently not possible for non-auditors to be nominated to the PIBR disciplinary tribunal. But the Act does allow the accused to appoint advocates or legal advisers to their defense team.

PIBR indicates that it publishes information on its I&D regulations, proceedings, and results on its website to promote understanding amongst members and the public and in the interest of transparency.

If feasible during any future legislative amendments, PIBR is encouraged to consider the inclusion of non-auditors in its disciplinary council as part of strengthening public interest representation and perceptions of independence, which are important to public confidence in the enforcement procedures.

Current Status: Review & Improve

As a member of the European Union, Poland is subject to relevant EU regulations regarding the area of corporate financial reporting and subsequently, the EU requirements are transposed into Poland’s national legislation. In line with the EU requirements, Poland requires application of IFRS as endorsed by the European Commission for the preparation of consolidated financial statements of listed entities, credit institutions, insurance undertakings, and other entities designated as PIE by the Ministry of Finance.

The PIBR has no responsibility for setting accounting standards although it does have representatives that serve on the Accounting Standards Committee (ASC) of the Ministry of Finance. PIBR is primarily focused on familiarizing its members (who are statutory auditors) with the IFRS by providing training and CPD courses on the IFRS.

If appropriate, PIBR may consider plans and dialogue with the MoF to adopt IFRS for SMEs which might support and strengthen the financial reporting regime for SMEs in the jurisdiction.

Current Status: Sustain