Rozwój regulacji Unii Europejskiej w zakresie rewizji finansowej. Rys historyczny
The development of European Union regulation in auditing. Historical overview

Summary/Abstract: Works concerning the changes in UE regulations referring to the auditor profession has been carried out since 1996. However, the biggest impact on the work of the European Commission had a series of accounting scandals from years 2001–2003 – that took place in the United States and Europe – and also passed by the U.S. Congress Sarbanes-Oxley Act. The primary objective of any new regulation was to ensure the reliability of the financial statements audited by the statutory auditors and protection against scandals. They were clearly defining the responsibilities of the auditors and establishing the principles of ethics, in compliance with which would ensure the independence of auditors – especially when audit firms or companies associated with them provide for their clients other services. They were introducing obligatory external quality control, ensuring effective public oversight over the audit profession and were putting a lot of emphasis on the cooperation between national regulatory authori-ties of the Member States of the European Union. In times of the global capital market there are re-quired dynamic changes, both in the accounting and auditing. The aim of this article is to present the historical overview of the EU action in the field of auditing regulation, with particular emphasis on the recent reform of the audit market proposals, regulations on auditing and auditing practices.

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