The current regulations and practicesrelated to accounting vouchers and bookkeeping in Poland,including cross-cutting tax regulations, were assessed andcompared with selected EU countries (France, Germany andUK). The study was undertaken at the request of the PolishMinistry of Finance, and funded under the FinancialReporting Technical Assistance Program (FRTAP), tocontribute to efforts to enhance harmonization with otherrelevant regulations, reduce unnecessary requirements andred tape for entities (especially SMEs and micro entities),and to reflect current and potential future technologychanges whilst retaining control over diligence and qualityof bookkeeping. The content, quality and scope oflegislation in this area was found to be generally good. Incontrast to the other countries studied, however, it takes adetailed, prescriptive approach. The report suggests movingaway from setting detailed requirements and towards thedevelopment of a clear general framework. This would helppreserve the quality of bookkeeping and accounting practicesbut reduce the need for continuous amendments to regulationsto keep pace with changing circumstances, for exampletechnological changes. It would also create space for moreliberalization and greater flexibility for marketpractitioners and would be in keeping with the approachadopted in the other countries looked at. The reportidentifies gaps and inconsistencies in the areas ofaccounting policy and maintenance of books; accountingvouchers; financial statements; storage; provision ofbookkeeping services; and information technology (IT) andmakes a number of suggestions to address these.
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