Poland : Report on the Observance of Standards and Codes on Accounting and Auditing Update
Reports on the Observance of Standards and Codes (ROSC) Accounting and Auditing (AA) assess accounting and auditing practices in participating countries. They form part of a joint initiative that is implemented by the World Bank and the Internatio...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Vienna
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/08/24959852/poland-report-observance-standards-codes-rosc-accounting-auditing-update http://hdl.handle.net/10986/22677 |
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okr-10986-22677 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
INTERNATIONAL ACCOUNTING STANDARDS CONTINGENT LIABILITIES HOLDING ACCOUNTING BUSINESS COMMUNITY VALUATION INTEREST DEPRECIATION OPTION SUPERVISORY BOARD REVENUES IMPACT ASSESSMENT PORTFOLIO INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE BARRIER TO ENTRY IMPACTS FINANCIAL STATEMENT MUTUAL FUNDS QUALITY AUDIT COMMITTEE INSTRUMENTS INSURANCE MARKET AUDITS FINANCIAL PLANS INSURANCE COMPANY MARKET PARTICIPANTS ENFORCEMENT MECHANISMS CURRENCY LEGAL PROVISIONS FINANCIAL INSTITUTION COMMERCIAL BANK COOPERATIVE BANKS ACCOUNTING POLICIES INVESTMENT FUNDS MONETARY FUND FINANCIAL INSTITUTIONS FINANCIAL REPORTING BROKERAGE HOUSES CAPITAL MARKET MARKETS FINANCIAL CRISES FINANCIAL FLOWS STATUTORY AUDITORS FIDUCIARY RESPONSIBILITIES COMPANY LAW BORROWING COSTS PENSION FUNDS LEGAL FRAMEWORK FLOATING EXCHANGE RATE BANKING SECTOR RESOURCES TRANSACTIONS DEPOSITORS INTERNATIONAL STANDARDS GOOD EXPENSES AUDITORS INTERNATIONAL TRADE PUBLIC OFFERINGS TRANSPARENCY MARKET CAPITALIZATION FUTURE FOREIGN DIRECT INVESTMENT EXCHANGES CAPITALIZATION PUBLIC ACCOUNTING COST ACCOUNTANT SHARES AUDIT REPORTS JOINT-STOCK COMPANIES SECURITIES ACCOUNTING STANDARD SOLVENCY TREASURY INSURANCE SHAREHOLDERS PARENT COMPANIES ACCOUNTING STANDARDS BUSINESS ACCOUNTING TREATMENT FINANCIAL ASSETS ACCOUNTS QUALITY ASSURANCE AUDIT INSURANCE COMPANIES BANKING LAW INVESTMENT CAPITAL AUDITING PROFESSION LIMITED LIABILITY LIABILITIES STOCK EXCHANGES FINANCIAL SECTOR DEVELOPMENT CASH FLOW GOOD PRACTICE DEPOSIT CAPITAL MARKETS BROKERAGE LIABILITY CAPITAL FUNDS FINANCIAL MANAGEMENT STOCK INFORMATION TECHNOLOGY MARKET SUPERVISION SUPERVISORY AUTHORITY LIFE INSURANCE EXCHANGE BALANCE OF PAYMENTS BANKING SYSTEM PAYMENT SYSTEM LIQUIDITY FINANCIAL STATEMENTS TAX INCOME TAX PLANNING MARKET INFRASTRUCTURE RESERVE BENEFICIARIES REPORTING CREDITORS INTERNATIONAL BANK PENSION ACCOUNTING SERVICES BUDGET INITIAL PUBLIC OFFERINGS CREDIT UNIONS CONTRACTS GUARANTEE FUND TRADING ACCOUNTING RULES CRITERIA DIRECT INVESTMENT RESERVES GROSS DOMESTIC PRODUCT FINANCIAL SYSTEM ACCOUNT FINANCE TAXES EXPENDITURE CREDIT LINE EQUITY GAAP INVESTORS TRANSACTION AUDITED FINANCIAL STATEMENTS ACCOUNTANTS FINANCIAL CRISIS CONTRACTUAL RELATIONSHIPS QUALITY STANDARDS ACCOUNTANCY INVESTOR CONFIDENCE FINANCIAL INSTRUMENTS CONTRACT EXPENDITURES INSURANCE INDUSTRY BALANCE SHEET MARKET TRANSACTION COSTS FINANCIAL REPORTING STANDARDS QUALITY CONTROL BOOKKEEPING INSURANCE PREMIUMS IMPACT ANALYSIS INTERESTS INVESTOR MARKET SHARE SECURITY FINANCIAL MARKET AUDIT COMMITTEES LOSS STATEMENT INVESTMENT NATIONAL BANK STOCK EXCHANGE CIVIL LAW SHARE INTERNAL AUDIT FINANCIAL INFORMATION FINANCIAL MARKETS BUSINESS PLANS PROFIT INVESTMENTS AUDITOR ROTATION BANK GUARANTEE AUDITING STANDARDS BANKING SECTOR ASSETS MACROECONOMIC POLICIES EXCHANGE RATE CAPITAL MARKET INFRASTRUCTURE CUSTOMERS PROFITS IMPLEMENTATION GUARANTEE AUDITING CORPORATE GOVERNANCE |
| spellingShingle |
INTERNATIONAL ACCOUNTING STANDARDS CONTINGENT LIABILITIES HOLDING ACCOUNTING BUSINESS COMMUNITY VALUATION INTEREST DEPRECIATION OPTION SUPERVISORY BOARD REVENUES IMPACT ASSESSMENT PORTFOLIO INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE BARRIER TO ENTRY IMPACTS FINANCIAL STATEMENT MUTUAL FUNDS QUALITY AUDIT COMMITTEE INSTRUMENTS INSURANCE MARKET AUDITS FINANCIAL PLANS INSURANCE COMPANY MARKET PARTICIPANTS ENFORCEMENT MECHANISMS CURRENCY LEGAL PROVISIONS FINANCIAL INSTITUTION COMMERCIAL BANK COOPERATIVE BANKS ACCOUNTING POLICIES INVESTMENT FUNDS MONETARY FUND FINANCIAL INSTITUTIONS FINANCIAL REPORTING BROKERAGE HOUSES CAPITAL MARKET MARKETS FINANCIAL CRISES FINANCIAL FLOWS STATUTORY AUDITORS FIDUCIARY RESPONSIBILITIES COMPANY LAW BORROWING COSTS PENSION FUNDS LEGAL FRAMEWORK FLOATING EXCHANGE RATE BANKING SECTOR RESOURCES TRANSACTIONS DEPOSITORS INTERNATIONAL STANDARDS GOOD EXPENSES AUDITORS INTERNATIONAL TRADE PUBLIC OFFERINGS TRANSPARENCY MARKET CAPITALIZATION FUTURE FOREIGN DIRECT INVESTMENT EXCHANGES CAPITALIZATION PUBLIC ACCOUNTING COST ACCOUNTANT SHARES AUDIT REPORTS JOINT-STOCK COMPANIES SECURITIES ACCOUNTING STANDARD SOLVENCY TREASURY INSURANCE SHAREHOLDERS PARENT COMPANIES ACCOUNTING STANDARDS BUSINESS ACCOUNTING TREATMENT FINANCIAL ASSETS ACCOUNTS QUALITY ASSURANCE AUDIT INSURANCE COMPANIES BANKING LAW INVESTMENT CAPITAL AUDITING PROFESSION LIMITED LIABILITY LIABILITIES STOCK EXCHANGES FINANCIAL SECTOR DEVELOPMENT CASH FLOW GOOD PRACTICE DEPOSIT CAPITAL MARKETS BROKERAGE LIABILITY CAPITAL FUNDS FINANCIAL MANAGEMENT STOCK INFORMATION TECHNOLOGY MARKET SUPERVISION SUPERVISORY AUTHORITY LIFE INSURANCE EXCHANGE BALANCE OF PAYMENTS BANKING SYSTEM PAYMENT SYSTEM LIQUIDITY FINANCIAL STATEMENTS TAX INCOME TAX PLANNING MARKET INFRASTRUCTURE RESERVE BENEFICIARIES REPORTING CREDITORS INTERNATIONAL BANK PENSION ACCOUNTING SERVICES BUDGET INITIAL PUBLIC OFFERINGS CREDIT UNIONS CONTRACTS GUARANTEE FUND TRADING ACCOUNTING RULES CRITERIA DIRECT INVESTMENT RESERVES GROSS DOMESTIC PRODUCT FINANCIAL SYSTEM ACCOUNT FINANCE TAXES EXPENDITURE CREDIT LINE EQUITY GAAP INVESTORS TRANSACTION AUDITED FINANCIAL STATEMENTS ACCOUNTANTS FINANCIAL CRISIS CONTRACTUAL RELATIONSHIPS QUALITY STANDARDS ACCOUNTANCY INVESTOR CONFIDENCE FINANCIAL INSTRUMENTS CONTRACT EXPENDITURES INSURANCE INDUSTRY BALANCE SHEET MARKET TRANSACTION COSTS FINANCIAL REPORTING STANDARDS QUALITY CONTROL BOOKKEEPING INSURANCE PREMIUMS IMPACT ANALYSIS INTERESTS INVESTOR MARKET SHARE SECURITY FINANCIAL MARKET AUDIT COMMITTEES LOSS STATEMENT INVESTMENT NATIONAL BANK STOCK EXCHANGE CIVIL LAW SHARE INTERNAL AUDIT FINANCIAL INFORMATION FINANCIAL MARKETS BUSINESS PLANS PROFIT INVESTMENTS AUDITOR ROTATION BANK GUARANTEE AUDITING STANDARDS BANKING SECTOR ASSETS MACROECONOMIC POLICIES EXCHANGE RATE CAPITAL MARKET INFRASTRUCTURE CUSTOMERS PROFITS IMPLEMENTATION GUARANTEE AUDITING CORPORATE GOVERNANCE World Bank Group Poland : Report on the Observance of Standards and Codes on Accounting and Auditing Update |
| geographic_facet |
Europe and Central Asia Poland |
| description |
Reports on the Observance of Standards
and Codes (ROSC) Accounting and Auditing (AA) assess
accounting and auditing practices in participating
countries. They form part of a joint initiative that is
implemented by the World Bank and the International Monetary
Fund to review the quality of implementation of twelve
internationally recognized core standards (the ROSC
Program). These standards and their related codes are
relevant to economic stability, and private and financial
sector development. The program was developed at the end of
the 1990s, in the wake of financial crises that affected
many countries in several regions of the world. In the case
of the ROSC AA for Poland, the international standards used
as benchmarks are (i) relevant portions of European Union
legislation (also called the acquis communautaire), (ii)
International Financial Reporting Standards (IFRS), (iii)
clarified International Standards on Auditing (ISA), (iv)
the International Federation of Accounts (IFAC) Code of
Ethics, and (v) other international good practice in the
field of accounting and auditing regulation. This is the
third ROSC AA for Poland. The first two were conducted in
2002 and 2005. This report updates the findings of the 2005
report, and assesses the extent to which prior
recommendations have been implemented. Since its inception
in the early 2000s, the ROSC AA program has concluded
evaluations in more than one hundred countries around the
world. ROSC AA reports have been produced for all countries
of the Europe and Central Asia region, except the Russian
Federation. This ROSC AA serves three main objectives: (i)
to support Poland’s development strategy, particularly
regarding the enhancement of economic competitiveness, (ii)
to assess progress achieved under the Financial Reporting
Technical Assistance Program (FRTAP), and (iii) to update
the findings of the 2005 ROSC AA. The FRTAP is a
Swiss-funded program aimed at strengthening accounting and
auditing practices in Poland through the implementation of
high quality standards in these areas. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Poland : Report on the Observance of Standards and Codes on Accounting and Auditing Update |
| title_short |
Poland : Report on the Observance of Standards and Codes on Accounting and Auditing Update |
| title_full |
Poland : Report on the Observance of Standards and Codes on Accounting and Auditing Update |
| title_fullStr |
Poland : Report on the Observance of Standards and Codes on Accounting and Auditing Update |
| title_full_unstemmed |
Poland : Report on the Observance of Standards and Codes on Accounting and Auditing Update |
| title_sort |
poland : report on the observance of standards and codes on accounting and auditing update |
| publisher |
World Bank, Vienna |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/08/24959852/poland-report-observance-standards-codes-rosc-accounting-auditing-update http://hdl.handle.net/10986/22677 |
| _version_ |
1764451745157611520 |
| spelling |
okr-10986-226772021-04-23T14:04:10Z Poland : Report on the Observance of Standards and Codes on Accounting and Auditing Update World Bank Group INTERNATIONAL ACCOUNTING STANDARDS CONTINGENT LIABILITIES HOLDING ACCOUNTING BUSINESS COMMUNITY VALUATION INTEREST DEPRECIATION OPTION SUPERVISORY BOARD REVENUES IMPACT ASSESSMENT PORTFOLIO INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE BARRIER TO ENTRY IMPACTS FINANCIAL STATEMENT MUTUAL FUNDS QUALITY AUDIT COMMITTEE INSTRUMENTS INSURANCE MARKET AUDITS FINANCIAL PLANS INSURANCE COMPANY MARKET PARTICIPANTS ENFORCEMENT MECHANISMS CURRENCY LEGAL PROVISIONS FINANCIAL INSTITUTION COMMERCIAL BANK COOPERATIVE BANKS ACCOUNTING POLICIES INVESTMENT FUNDS MONETARY FUND FINANCIAL INSTITUTIONS FINANCIAL REPORTING BROKERAGE HOUSES CAPITAL MARKET MARKETS FINANCIAL CRISES FINANCIAL FLOWS STATUTORY AUDITORS FIDUCIARY RESPONSIBILITIES COMPANY LAW BORROWING COSTS PENSION FUNDS LEGAL FRAMEWORK FLOATING EXCHANGE RATE BANKING SECTOR RESOURCES TRANSACTIONS DEPOSITORS INTERNATIONAL STANDARDS GOOD EXPENSES AUDITORS INTERNATIONAL TRADE PUBLIC OFFERINGS TRANSPARENCY MARKET CAPITALIZATION FUTURE FOREIGN DIRECT INVESTMENT EXCHANGES CAPITALIZATION PUBLIC ACCOUNTING COST ACCOUNTANT SHARES AUDIT REPORTS JOINT-STOCK COMPANIES SECURITIES ACCOUNTING STANDARD SOLVENCY TREASURY INSURANCE SHAREHOLDERS PARENT COMPANIES ACCOUNTING STANDARDS BUSINESS ACCOUNTING TREATMENT FINANCIAL ASSETS ACCOUNTS QUALITY ASSURANCE AUDIT INSURANCE COMPANIES BANKING LAW INVESTMENT CAPITAL AUDITING PROFESSION LIMITED LIABILITY LIABILITIES STOCK EXCHANGES FINANCIAL SECTOR DEVELOPMENT CASH FLOW GOOD PRACTICE DEPOSIT CAPITAL MARKETS BROKERAGE LIABILITY CAPITAL FUNDS FINANCIAL MANAGEMENT STOCK INFORMATION TECHNOLOGY MARKET SUPERVISION SUPERVISORY AUTHORITY LIFE INSURANCE EXCHANGE BALANCE OF PAYMENTS BANKING SYSTEM PAYMENT SYSTEM LIQUIDITY FINANCIAL STATEMENTS TAX INCOME TAX PLANNING MARKET INFRASTRUCTURE RESERVE BENEFICIARIES REPORTING CREDITORS INTERNATIONAL BANK PENSION ACCOUNTING SERVICES BUDGET INITIAL PUBLIC OFFERINGS CREDIT UNIONS CONTRACTS GUARANTEE FUND TRADING ACCOUNTING RULES CRITERIA DIRECT INVESTMENT RESERVES GROSS DOMESTIC PRODUCT FINANCIAL SYSTEM ACCOUNT FINANCE TAXES EXPENDITURE CREDIT LINE EQUITY GAAP INVESTORS TRANSACTION AUDITED FINANCIAL STATEMENTS ACCOUNTANTS FINANCIAL CRISIS CONTRACTUAL RELATIONSHIPS QUALITY STANDARDS ACCOUNTANCY INVESTOR CONFIDENCE FINANCIAL INSTRUMENTS CONTRACT EXPENDITURES INSURANCE INDUSTRY BALANCE SHEET MARKET TRANSACTION COSTS FINANCIAL REPORTING STANDARDS QUALITY CONTROL BOOKKEEPING INSURANCE PREMIUMS IMPACT ANALYSIS INTERESTS INVESTOR MARKET SHARE SECURITY FINANCIAL MARKET AUDIT COMMITTEES LOSS STATEMENT INVESTMENT NATIONAL BANK STOCK EXCHANGE CIVIL LAW SHARE INTERNAL AUDIT FINANCIAL INFORMATION FINANCIAL MARKETS BUSINESS PLANS PROFIT INVESTMENTS AUDITOR ROTATION BANK GUARANTEE AUDITING STANDARDS BANKING SECTOR ASSETS MACROECONOMIC POLICIES EXCHANGE RATE CAPITAL MARKET INFRASTRUCTURE CUSTOMERS PROFITS IMPLEMENTATION GUARANTEE AUDITING CORPORATE GOVERNANCE Reports on the Observance of Standards and Codes (ROSC) Accounting and Auditing (AA) assess accounting and auditing practices in participating countries. They form part of a joint initiative that is implemented by the World Bank and the International Monetary Fund to review the quality of implementation of twelve internationally recognized core standards (the ROSC Program). These standards and their related codes are relevant to economic stability, and private and financial sector development. The program was developed at the end of the 1990s, in the wake of financial crises that affected many countries in several regions of the world. In the case of the ROSC AA for Poland, the international standards used as benchmarks are (i) relevant portions of European Union legislation (also called the acquis communautaire), (ii) International Financial Reporting Standards (IFRS), (iii) clarified International Standards on Auditing (ISA), (iv) the International Federation of Accounts (IFAC) Code of Ethics, and (v) other international good practice in the field of accounting and auditing regulation. This is the third ROSC AA for Poland. The first two were conducted in 2002 and 2005. This report updates the findings of the 2005 report, and assesses the extent to which prior recommendations have been implemented. Since its inception in the early 2000s, the ROSC AA program has concluded evaluations in more than one hundred countries around the world. ROSC AA reports have been produced for all countries of the Europe and Central Asia region, except the Russian Federation. This ROSC AA serves three main objectives: (i) to support Poland’s development strategy, particularly regarding the enhancement of economic competitiveness, (ii) to assess progress achieved under the Financial Reporting Technical Assistance Program (FRTAP), and (iii) to update the findings of the 2005 ROSC AA. The FRTAP is a Swiss-funded program aimed at strengthening accounting and auditing practices in Poland through the implementation of high quality standards in these areas. 2015-09-24T16:08:36Z 2015-09-24T16:08:36Z 2015-08-27 Report http://documents.worldbank.org/curated/en/2015/08/24959852/poland-report-observance-standards-codes-rosc-accounting-auditing-update http://hdl.handle.net/10986/22677 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Vienna Economic & Sector Work Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) Europe and Central Asia Poland |