Poland : Accounting and Auditing

World Bank

Washington, DC

关键词: ACCOUNTING;    ACCOUNTING POLICIES;    ACCOUNTING PRACTICES;    ACCOUNTING RECORDS;    ACCOUNTING STANDARDS;   

RP-ID  :  35174

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This report provides an assessment ofaccounting and auditing practices in Poland usinginternational standards as a benchmark, while focusing onthe institutional framework and application of givenstandards. In the recent past, Poland has taken steps inreducing the gap between Polish Accounting Regulations andInternational Accounting Standards. This is demonstrated inthe provisions of the Accounting Act, dated November 9,2000, and the financial reporting and disclosurerequirements set by the Securities and Exchange Commissionfor publicly traded companies. Further steps are needed forfull adoption of the requirements set by the InternationalAccounting Standards Board. A review of 30 sets of financialstatements of select listed companies shows that there aredivergences between various established accountingregulations and actual accounting practices. There are noPolish Auditing Standards for one-third of the areas coveredby International Standards on Auditing. Also, most of theexisting Polish Auditing Standards need updating inline withthese international standards. Practicing auditors generallycomply with the strict wording of written Polish AuditingStandards, however the lack of detailed standards andshortage of practical-oriented implementation guidelinesseem to constrain the application of high quality auditmethodology. Although the education and trainingarrangements appear to be of high quality, there is ashortage of well-trained accounting and auditing instructorsin many institutions of higher learning. Moreover, there isa need to update curricula focusing on practical applicationof internationally recognized accounting and auditingstandards and professional accounting code of ethics.