Auditing standards in Poland: past, present and future

Abstract

Purpose

To describe and discuss historical, current and possible future auditing standards and related issues in Poland so that investors, auditors and others are aware of the specific needs and limitations facing the country.

Design/methodology/approach

The accounting and auditing history of Poland is provided as background information and then more recent developments since the fall of Communism to the present day are discussed to demonstrate that progress has been made. Future needs are outlined and various suggestions are made.

Findings

Provides specific details as to the current state of the auditing standards in Poland as they relate to the standards in other countries. Recognizes the need for time to make improvements but highlights areas of critical importance.

Practical implications

A comprehensive analysis of the state of auditing standards in Poland. Useful for academics and others who might have a desire to participate/assist in the development of new standards. Provides perspective with respect to the development of these standards in an emerging capital market country.

Originality/value

This paper provides information that is not well‐disseminated and offers practical advice to those dealing with Polish companies, including auditors and financial statement users. The material is of interest to practitioners, academics and students.

Citation

Brody, R.G., Moscove, S. and Wnek, R. (2005), "Auditing standards in Poland: past, present and future", Managerial Auditing Journal, Vol. 20 No. 1, pp. 36-46. https://doi.org/10.1108/02686900510570687