PANA is part of both the European and the global system of audit oversight. At EU level, the Agency acts as a member of the Committee of European Auditing Oversight Bodies (CEAOB); globally, it is a member of the International Forum of Independent Audit Regulators (IFIAR).
The International Forum of Independent Audit Regulators (IFIAR)
We have been a member of the International Forum of Independent Audit Regulators (IFIAR) since April 2020. In April 2025, we were elected to the organisation’s Board for the 2025–2029 term.
IFIAR brings together independent audit regulators from around the world. Its purpose is to share knowledge of the audit market and regulatory experience, high-quality assurance globally, and to engage with international standard-setting bodies. Our participation allows us to exchange experience and information on the audit market and on supervisory practice, and to contribute to the global framework within which the profession operates.
Our involvement
Representatives of PANA participate in:
- IFIAR’s annual Plenary Meeting;
- workshops on inspections and on enforcement;
- meetings with representatives of the six largest global audit firm networks;
- the Investor and Other Stakeholders Working Group;
- the Sustainability Assurance Task Force.
PANA’s materials on financial statement audits and audit oversight in Poland have been published on the IFIAR website.
PANA reports significant inspection findings relating to the largest global audit firm networks to IFIAR, using common definitions agreed by participating regulators to ensure that the results are comparable across jurisdictions. This enables global audit networks to address recurring deficiencies in their audit methodologies and quality management systems, including those identified within their member firms operating in Poland.
Under its 2024–2027 Strategy, PANA aims to improve audit quality indicators, with the objective of bringing the average number of inspection findings identified in Polish audit firms closer to the average inspection results reported by IFIAR.
Committee of European Auditing Oversight Bodies (CEAOB)
PANA cooperates with the competent authorities of other Member States through the Committee of European Auditing Oversight Bodies (CEAOB), which is composed of representatives of those authorities.
CEAOB supports the harmonisation of supervisory practices among European audit oversight authorities and promotes improvements in audit quality across Europe. The Committee’s activities are aimed at enhancing confidence in useful, reliable and independent audit reports on financial statements. In carrying out its responsibilities, CEAOB facilitates the exchange of experience and the development of expertise, while also contributing to European Union policy on matters relating to audit firms and audit quality.
We are actively involved in the work of the subgroups of the Committee of European Auditing Oversight Bodies (CEAOB).
Positions Held by PANA within CEAOB
PANA currently chairs two of the CEAOB Subgroups.
- Enforcement Subgroup since December 2021. Agnieszka Koprowska of PANA’s Department of Proceedings and Legal Services was reappointed for a further four-year term at the CEAOB Plenary Meeting held in Brussels in November 2025.
- International Auditing Standards Subgroup. Waldemar Majek, Deputy Director of PANA’s Department of Supervision, Analysis and International Cooperation, was elected Chair of the Subgroup at the 32nd CEAOB Plenary Meeting held in Vienna on 30 June and 1 July 2026.
In addition, Dr Marcin Pęksyk of PANA’s Inspection Department serves as a CEAOB observer to the European Financial Reporting Advisory Group (EFRAG). PANA participates in the Consultative Group established by the Chair of CEAOB to enhance the effectiveness of the Committee’s work. The Group brings together representatives of six audit oversight authorities from Poland, Ireland, Germany, France, Italy and Romania and discusses, among other matters, the strategic direction of CEAOB.
CEAOB Subgroups
Inspections Subgroup. The purpose of this Subgroup is to enhance the quality of audits of financial statements across Europe. Its members share inspection findings, jointly develop a common methodology for the inspection of audit firms, organise training for inspectors, and maintain direct dialogue with the largest global audit firm networks and with international standard-setters. PANA participates in the Subgroup’s task forces on audit quality indicators and inspection reports. In June 2026, PANA hosted the Subgroup’s workshop in Warsaw, which was opened by Dariusz Daniluk, Deputy Chairman of PANA, and attended by nearly 60 representatives of EU audit oversight authorities. Part of the programme was devoted to a meeting with representatives of selected global audit firm networks.
Enforcement Subgroup. Chaired by PANA, the Subgroup collects data on administrative measures and sanctions imposed across EU and EEA Member States and prepares the annual enforcement report published by CEAOB. PANA has co-organised the Subgroup’s in-person meetings and delivered webinars for European audit oversight authorities in cooperation with its counterparts from Germany, Ireland and France.
International Auditing Standards sub-group. This Subgroup plays an important role, among other things, in the standard-setting dialogue process. It analyses proposed amendments to international standards and prepares responses to consultation documents issued by international standard-setting and ethics boards. In response to emerging market needs, the International Auditing Standards Subgroup develops guidelines and guidance intended to assist statutory auditors in performing their professional duties. As a rule, such guidance does not have the status of professional standards but should be read in conjunction with any applicable national requirements governing the services provided by statutory auditors. Representatives of PANA are actively involved in the development of documents issued by the Subgroup.
Market Monitoring Subgroup. The Subgroup works on a common EU-wide market monitoring report and on refining the methodology and indicators used in national reports. PANA’s own
Market Monitoring Reports are based on the methodology and indicators developed jointly within CEAOB, making the data comparable at EU level.
International Equivalence and Adequacy Subgroup. The Subgroup analyses third-country audit entities registered in more than one Member State, assesses legal and regulatory frameworks in third countries, and prepares guidance on information-sharing arrangements with third-country audit oversight authorities.
