Poland : Accounting and Auditing

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collection.link.10
https://openknowledge.worldbank.org/handle/10986/2111
collection.name.10
Accounting and Auditing Assessment
dc.contributor.author
World Bank
dc.date.accessioned
2013-07-24T17:08:47Z
dc.date.available
2013-07-24T17:08:47Z
dc.date.issued
2002-07-25
dc.date.lastModified
2017-12-14T04:39:08Z
dc.description.abstract
This report provides an assessment of accounting and auditing practices in Poland using international standards as a benchmark, while focusing on the institutional framework and application of given standards. In the recent past, Poland has taken steps in reducing the gap between Polish Accounting Regulations and International Accounting Standards. This is demonstrated in the provisions of the Accounting Act, dated November 9, 2000, and the financial reporting and disclosure requirements set by the Securities and Exchange Commission for publicly traded companies. Further steps are needed for full adoption of the requirements set by the International Accounting Standards Board. A review of 30 sets of financial statements of select listed companies shows that there are divergences between various established accounting regulations and actual accounting practices. There are no Polish Auditing Standards for one-third of the areas covered by International Standards on Auditing. Also, most of the existing Polish Auditing Standards need updating inline with these international standards. Practicing auditors generally comply with the strict wording of written Polish Auditing Standards, however the lack of detailed standards and shortage of practical-oriented implementation guidelines seem to constrain the application of high quality audit methodology. Although the education and training arrangements appear to be of high quality, there is a shortage of well-trained accounting and auditing instructors in many institutions of higher learning. Moreover, there is a need to update curricula focusing on practical application of internationally recognized accounting and auditing standards and professional accounting code of ethics.
en
dc.identifier
http://documents.worldbank.org/curated/en/2002/07/6582381/poland-report-observance-standards-codes-rosc-accounting-auditing
dc.identifier.uri
http://hdl.handle.net/10986/14527
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCOUNTING
dc.subject
ACCOUNTING POLICIES
dc.subject
ACCOUNTING PRACTICES
dc.subject
ACCOUNTING RECORDS
dc.subject
ACCOUNTING STANDARDS
dc.subject
ARTICLES
dc.subject
AUDITING
dc.subject
AUDITING STANDARDS
dc.subject
AUDITORS
dc.subject
AUDITS
dc.subject
BALANCE SHEET
dc.subject
BANKING SUPERVISION
dc.subject
BANKS
dc.subject
BENCHMARK
dc.subject
BENCHMARKS
dc.subject
CONSOLIDATED FINANCIAL STATEMENTS
dc.subject
CONSOLIDATION
dc.subject
DESCRIPTION
dc.subject
DISCLOSURE
dc.subject
EARNINGS PER SHARE
dc.subject
ECONOMIC CONDITIONS
dc.subject
ECONOMIC REFORM
dc.subject
EMPLOYMENT
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL RISK
dc.subject
HOLDING COMPANIES
dc.subject
INFLATION
dc.subject
INFORMATION NEEDS
dc.subject
INSURANCE
dc.subject
INTANGIBLE ASSETS
dc.subject
INTERNATIONAL ACCOUNTING STANDARDS
dc.subject
INVENTORY
dc.subject
LAWS
dc.subject
LEASED ASSETS
dc.subject
LEGAL FRAMEWORK
dc.subject
NET PROFIT
dc.subject
NET SALES
dc.subject
PENALTIES
dc.subject
SHARE CAPITAL
dc.subject
SHAREHOLDERS
dc.subject
SUBSIDIARIES
dc.subject
TAX COMPLIANCE
dc.subject
TAXATION
dc.subject
USERS
dc.title
Poland : Accounting and Auditing
en
okr.crosscuttingsolutionarea
Public-Private Partnerships
okr.date.disclosure
2006-02-07
okr.doctype
Economic & Sector Work :: Accounting and Auditing Assessment (ROSC)
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2002/07/6582381/poland-report-observance-standards-codes-rosc-accounting-auditing
okr.globalpractice
Transport and ICT
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000160016_20060207125812
okr.identifier.internaldocumentum
6582381
okr.identifier.report
35174
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/02/07/000160016_20060207125812/Rendered/PDF/351740PO0Accounting0rosc0200200702.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Poland
okr.sector
Finance :: General finance sector
okr.topic
Private Sector Development :: Business Environment
okr.topic
Banks and Banking Reform
okr.topic
Finance and Financial Sector Development :: Rural Finance
okr.topic
Information and Communication Technologies :: Information and Records Management
okr.topic
Private Sector Development :: Business in Development
okr.unit
Operations Policy and Services (ECSPS)

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