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Polish Agency for Audit Oversight: Ensuring Financial Transparency

The Polish Agency for Audit Oversight (PANA) plays a crucial role in maintaining trust in financial information by overseeing statutory auditors, audit firms, and professional self-government. Established as an independent body, PANA aims to ensure the highest quality and reliability of audits of financial statements and assurance services.

Supervisory Tasks

The agency’s supervisory tasks are multifaceted:

  • Overseeing the Polish Chamber of Auditors (PIBR): PANA ensures that the Polish Chamber of Auditors operates in accordance with the law and regulations.
  • Conducting inspections in audit firms for statutory audits: The agency conducts regular inspections to ensure that audit firms meet the required standards.
  • Monitoring compliance with EU law and regulation 537/2014: PANA monitors the implementation of European Union laws and regulations related to auditing.
  • Providing international cooperation with European Commission and supervisory authorities: The agency collaborates with other regulatory bodies to ensure consistent application of auditing standards.

Organizational Structure

PANA’s council consists of seven members, including:

Council Members

  • Justyna Adamczyk, Chairman (graduate of the Warsaw School of Economics)
  • Joanna Stachura, representative of the minister in charge of public finances
  • Marta Niżałowska-Pactwa, representative of the minister in charge of public finances
  • Marcin Mikołajczyk, representative of the Polish Financial Supervisory Authority

Departments

PANA is divided into several departments, each responsible for specific tasks:

  • Strategy and International Cooperation Department: Develops and implements PANA’s strategic plans.
  • Disciplinary, Administrative, and Legal Proceedings Department: Handles disciplinary proceedings against auditors and audit firms.
  • Supervision over Professional Self-Government and Audit Firms Department: Oversees the activities of professional self-government bodies and audit firms.
  • Inspections Department: Conducts inspections of audit firms for statutory audits.
  • Chair’s Office: Provides administrative support to the Chairman.

Departments

In addition to its core departments, PANA also has a:

Communication and Education Team

This team is responsible for educational, promotional, communicational, and informational activities.

Contact Information

For more information about PANA or its activities, please contact: