Audit quality assurance

This knowledge paper describes the legal framework and practical operation of audit quality control in Poland within a broader regional reform context. The paper offers a case study for other countries seeking to strengthen or reform their own audit oversight frameworks, using Poland’s experience to illustrate how legal mandates, institutional arrangements, inspection procedures, and enforcement mechanisms can be structured in practice.

The Report on the Observance of Standards and Codes, Accounting and Auditing (ROSC A&A) provides an assessment of financial and sustainability reporting and auditing requirements and practices within the corporate sector in North Macedonia and sets forth areas for consideration for improving the institutional environment for accounting and auditing. The ROSC A&A uses international benchmarks of good practice governing financial reporting and auditing in the assessment, including International Financial Reporting Standards and International Standards on Auditing.

Effective audit oversight helps improve the quality of financial information, which is crucial to good governance and economic growth. 

This paper aims to assist European Union (EU) candidate and potential candidate countries, particularly in the Western Balkans, to establish effective oversight of corporate audit. It: