PANA · 4344

Regulatory oversight

We operate under the constant supervision of the Polish Audit Oversight Agency (PANA) and in accordance with international professional standards.

Polish Audit Oversight Agency

PANA is the state authority supervising the audit services market in Poland. It controls the quality of work of statutory auditors and audit firms, maintains the register of licensed entities, imposes administrative fines and conducts disciplinary proceedings. PW Audit is entered on the register of audit firms under number 4344 and is subject to regular quality controls.

Independence and ethics

We apply rigorous client independence procedures and rotate the key auditor every 5 years for public-interest entities. All staff are bound by an internal code of ethics and annual conflict-of-interest declarations.

Quality control

Every audit engagement is subject to an independent Engagement Quality Review performed by an experienced partner not involved in the engagement. This guarantees the highest level of objectivity.

Professional standards

  • International Standards on Auditing (ISA) issued by IAASB
  • National Standards on Auditing of the Polish Chamber of Statutory Auditors (PIBR)
  • International Financial Reporting Standards (IFRS)
  • IESBA International Code of Ethics for Professional Accountants
  • Quality management standards ISQM 1 and ISQM 2