Polish Chamber of Statutory Auditors

Member | Established: 1991 | Member since 2001

The PIBR was established under the Act on Publishing Financial Statements and Statutory Auditors of 19 October 1991. This was subsequently replaced by the Act on Statutory Auditors 2009. Membership of PIBR is mandatory for auditors and audit firms. According to the Article 16 of the 2009 Act, the main legal responsibilities of the chamber encompass: (i) representing its members and protecting their professional interest; (ii) drafting auditing standards; (iii) controlling the proper conduct of the profession and the compliance of PIBR members with ethics standards as well as compliance of entities authorized to audit financial statements with other legal requirements; (iv) cooperating on the development of the accounting and auditing standards; (v) preparing training materials for the candidates to its membership; (vi) conducting publishing and training activities; (vii) maintaining the register for statutory auditors; (viii) conducting quality assurance reviews; (ix) establishing and implementing investigative and disciplinary mechanisms for its members for any breach of rules; and (x) enforcing initial professional development requirements and establishing continuing professional development requirements. The PIBR’s activities are overseen by the Audit Oversight Commission.

In addition to being a member of IFAC, PIBR is a member of the European Federation of Accountants, an Associate Member of the Fédération Internationale des Experts-Comptables Francophones and an Institutional Member of the International Association for Accounting Education & Research.

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Statements of Membership Obligation (SMO)

The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.

Last updated: 08/2017
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SMO Action Plan

Status of Fulfillment by SMO

  • SMO 1: Quality Assurance

    The PIBR, as the entity responsible for the establishment and implementation of a quality assurance review system under the oversight of the Audit Oversight Commission (AOC), has implemented and maintained a QA review system for all audits. The PIBR indicates that the QA system is under further development to ensure it meets all the SMO 1 requirements.

    The PIBR has actively contributed to the revision of the quality control standards in line with ISQC 1 to maintain compliance with international best practices. As part of these efforts, it has been preparing resolutions on this matter and submitting them to the AOC for approval. PIBR indicates that it closely cooperates with the AOC in order to improve and enhance the QA review system.

    The PIBR 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, PIBR also trains inspectors responsible for conducting QA reviews.

    The PIBR is encouraged to conduct a self-assessment of its QA review system against the revised SMO 1 requirements (outlined in Appendix II) and clarify in its Action Plan if the system is in line with the requirements. If there are any gaps in compliance, the PIBR should include actions it will undertake to address these gaps in its Action Plan. The institute should also update the background section of its Action Plan to provide additional information about the quality control standards that will remain in use until the effective implementation date of the latest version of ISQC 1. Additionally, the PIBR is encouraged to include in its Action Plan specific information on activities it is presently undertaking to support members’ understanding of the standards and QA review system.

    Current Status: Execute

  • SMO 2: International Education Standards

    As initial professional development requirements (IPD) are established by law and are in line with the IES, the PIBR is responsible for enforcing the IPD requirements and setting continuing professional development (CPD) requirements for its members.

    In line with its responsibility, it indicates that it has developed CPD requirements in line with IES 7 which are subject to annual approval by the Audit Oversight Commission. It publishes these requirements on its website to inform members of their obligations. In addition, the PAO is promoting the requirements of IES 8, Competence Requirements for Audit Professionals to further ensure that the education requirements are in line with the IES. In 2015, it reported that it was analyzing the differences between the Polish translation of the revised IES 8 and the current requirements for statutory auditors. After its analysis, it plans to prepare an informational brochure on the revised IES 8 and share it with its members via its website to highlight significant issues, if any. Furthermore, PIBR indicates that it will incorporate new requirements to its regulations based on the revised IES 8 as deemed necessary and subsequently organize meetings with its regional branches to discuss any regulatory changes.

    PIBR is encouraged to update its Action Plan to clarify whether it has made any changes to its requirements based on the revised IES 8. PIBR is also encouraged to indicate whether it has reviewed the revised IES and begun to incorporate these requirements into the national requirements. PIBR could also consider including more examples of CPD courses in its Action Plan it is planning for the upcoming year.

    Current Status: Execute

  • SMO 3: International Standards on Auditing

    The PIBR is responsible for drafting auditing standards for application in Poland and proposing them to the Audit Oversight Commission (AOC) for their approval. In April 2015, the PIBR proposed and received approval for the adoption of Clarified ISA with modification and effective for the audits of PIEs on December 31, 2016 and to audits of non-PIEs on December 31, 2017. PIBR has developed a process to translate the international standards in line with the IFAC Translation Policy and has been working closely with the AOC to complete the adoption of the Clarified ISA and other IAASB Pronouncements.

    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; publishing resources and regulatory resolutions on the PIBR website; and including ISA in its calendar of continuing professional development courses each year.

    PIBR should clarify if it has established ongoing processes for the adoption and translation of the auditing standards. It is also encouraged to update its Action Plan to showcase the progress it has made with respect to the translation and adoption of the Clarified ISA. The PIBR is also encouraged to provide specific information in its Action Plan about the activities it has recently developed to further assist its members with the implementation of the auditing standards. It could also consider contributing to the international standard-setting process in this area.

    Current Status: Review & Improve

  • SMO 4: Code of Ethics for Professional Accountants

    The PIBR is responsible for establishing ethical requirements, subject to approval by the Audit Oversight Commission (AOC), for its members and, accordingly, has adopted the requirements of the 2009 IESBA Code with limited modifications as its Code of Ethics. As part of its responsibility to set ethical requirements, PIBR indicates that it has established an ongoing process to incorporate the revised versions of the IESBA Code of Ethics and has passed a resolution to adopt the 2015 version of the IESBA Code, which is awaiting approval by the AOC.

    Additionally, the PAO is also involved in the translation of the standards issued by the IESBA in collaboration with the Accountants Association in Poland—the self-regulatory PAO for professional accountants—and publishes the translations on its website.

    The PIBR has developed activities to raise the public’s 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 on ethical issues, the delivery of continuing professional development courses on the IESBA Code of Ethics, organizing a conference on ethics, and providing responses to members’ specific inquires and concerns regarding ethical problems and/or situations.

    PIBR is encouraged to clarify in its Action Plan whether the adoption of the 2015 IESBA Code of Ethics has been approved by the AOC and is applicable to its members. Additionally, the PIBR should clarify whether this Code of Ethics has been adopted without modifications and whether its translation has been done in accordance with the IFAC Translation Policy. In its Action Plan, the PIBR is also encouraged to provide specific information and examples of activities it is undertaking to support its members’ understanding of and adherence to the Code of Ethics. The PIBR could also consider participating in the international standard-setting process by submitting comments on Exposure Drafts issued by the IESBA.

    Current Status: Review & Improve

  • SMO 5: International Public Sector Accounting Standards

    PIBR has no responsibility for the adoption of public sector accounting standards and PIBR its efforts on promoting the adoption of IPSAS to the Ministry of Finance, which has not yet adopted the standards.

    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.

    PIBR is encouraged to provide specific information about the nature of the applicable public sector accounting standards in the country and to include in its Action Plan more detailed information and specific examples of actions planned to promote the adoption of IPSAS in Poland.

    Current Status: Execute

  • SMO 6: Investigation and Discipline

    PIBR is responsible for establishing an investigative and disciplinary (I&D) system for its members and it is actively working to ensure that the I&D procedures are aligned with the revised SMO 6 requirements. In line with this objective, the PIBR has submitted a new resolution for the Audit Oversight Commission’s (AOC) approval that would bring its system in line with the SMO 6 requirements. According to PIBR’s 2017 Action Plan, areas that require improvement include the composition of the disciplinary committee and the appeals process.

    PIBR indicates that it publishes information on its I&D regulations and proceedings on its website to promote transparency.

    PIBR is encouraged to use Appendix III of this report to carry out an assessment of the I&D mechanisms currently operated by the PIBR in order to clearly confirm the level of compliance with SMO 6 requirements. The PIBR is then encouraged to update its Action Plan to confirm to incorporate Action Steps on possible activities developed by PIBR to address any gaps in compliance. The PIBR should also confirm whether the AOC has approved PIBR’s new resolution on the I&D mechanisms requirements. It could also consider undertaking actions to raise the public’s awareness of the I&D mechanisms.

    Current Status: Execute

  • SMO 7: International Financial Reporting Standards

    The PIBR has no responsibility for setting accounting standards in Poland and it is focused on promoting the adoption of IFRS in their entirety to the Accounting Standards Committee (ASC) of the Ministry of Finance, the entity responsible for setting accounting standards.

    The PIBR also familiarizes its members with the IFRS by providing trainings and CPD courses on the IFRS.

    PIBR is encouraged to identify specific actions whereby it has engaged with the Ministry of Finance and the ASC to promote the adoption of IFRS in lieu of Polish accounting requirements and NAS. In addition, PIBR could consider further promoting the adoption of IFRS for SMEs in the jurisdiction and to demonstrate in its Action Plan additional activities the PAO is undertaking in this area.

    Current Status: Execute


IFAC bears no responsibility for the information provided in the SMO Action Plans prepared by IFAC member organizations. Please see our full Disclaimer for additional information.



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