Best Accounting & Auditing Lawyers in Poland

About Accounting & Auditing Law in Poland:

Accounting and auditing are essential aspects of business operations in Poland. Proper accounting practices ensure that businesses comply with local regulations and accurately report their financial activities. Auditing, on the other hand, provides assurance to stakeholders regarding the accuracy and reliability of financial statements.

Why You May Need a Lawyer:

There are several situations where you may need legal assistance in accounting and auditing in Poland. These may include disputes over financial statements, audits, regulatory compliance issues, tax matters, and more. A lawyer can help you navigate complex legal requirements, protect your interests, and ensure that you comply with relevant laws and regulations.

Local Laws Overview:

In Poland, accounting and auditing are governed by the Accounting Act, the Act on Auditors, and the Act on Statutory Auditors, among others. These laws set out the requirements for financial reporting, auditing procedures, professional standards for auditors, and the responsibilities of businesses in maintaining accurate and transparent financial records.

Frequently Asked Questions:

1. What are the basic accounting requirements for businesses in Poland?

In Poland, businesses are required to prepare financial statements in accordance with Polish accounting standards or international financial reporting standards (IFRS).

2. When is an audit required for a company in Poland?

Companies in Poland are required to undergo an audit if they meet certain criteria, such as exceeding specific revenue thresholds or being subject to regulatory requirements.

3. What are the penalties for non-compliance with accounting and auditing laws in Poland?

Non-compliance with accounting and auditing laws in Poland can result in fines, penalties, legal action, and reputational damage for businesses and individuals.

4. Can I hire a foreign auditor for my company in Poland?

Yes, you can hire a foreign auditor for your company in Poland, but they must meet the regulatory requirements for auditing in Poland.

5. What is the difference between an accountant and an auditor in Poland?

An accountant is responsible for preparing financial records and statements, while an auditor is an independent professional who reviews and verifies these records for accuracy and compliance.

6. How can I find a qualified accounting and auditing lawyer in Poland?

You can search for legal professionals specializing in accounting and auditing law through legal directories, referrals, or professional organizations such as the Polish Chamber of Statutory Auditors.

7. What are the key regulatory bodies overseeing accounting and auditing in Poland?

The Polish Financial Supervision Authority (KNF) and the Polish National Chamber of Statutory Auditors (KIBR) are key regulatory bodies overseeing accounting and auditing in Poland.

8. How can I ensure compliance with tax regulations in Poland?

Working with a tax advisor or accountant who is familiar with Polish tax laws can help ensure compliance with tax regulations in Poland.

9. What are the main challenges businesses face in accounting and auditing in Poland?

Main challenges include navigating complex regulatory requirements, keeping up with changes in accounting standards, and managing risks related to financial reporting.

10. How can legal assistance benefit my business in accounting and auditing?

Legal assistance can help protect your business from legal risks, ensure compliance with regulations, resolve disputes effectively, and provide strategic advice on financial matters.

Additional Resources:

For more information on accounting and auditing in Poland, you can visit the website of the Polish Financial Supervision Authority (KNF) and the Polish National Chamber of Statutory Auditors (KIBR).

Next Steps:

If you require legal assistance in accounting and auditing in Poland, it is recommended to seek advice from a qualified legal professional specializing in this field. They can help assess your specific needs, provide guidance on legal matters, and ensure that your business complies with relevant laws and regulations.