The Swiss Federal Audit Oversight Authority (FAOA) recognized the Czech Public Audit Oversight Board (PAOB) as of 1 July 2015 as an equivalent oversight authority.
Roundtable on the Cooperation of Internal and External audit organized by the Czech Institute of Internal auditors at the occasion of the 20th anniversary of the Institute
The representatives of the Public Audit Oversight Board attended the meeting organized by the Czech Institute of Internal Auditors held on 14 May 2015 in the premises of the Supreme Audit Office entitled “Cooperation of Internal and External Audit”.
Public Audit Oversight Board
Welcome on pages of the Public Audit Oversight Board
The Board is a body of public oversight on the performance of auditing activity created upon statute of law No. 93/2009 Coll. on auditors, to which all statutory auditors and auditor firms are subject to. The Board is authorized with supervision over the activity of the Chamber of Auditors of the Czech Republic and is independent on auditors’ profession.
The function of the Board should lead to enhancing the credibility of auditor profession as well as accounting entities, where financial statements are authorized by auditors and should also address domestic and foreign investors, wide public domain, and state institutions. The objective is to improve transparency, serviceability, and in the first place the confidence of clients in quality of auditor services. In the same way, the establishing of the body for public supervision should increase the certitude and convenience of people performing auditor’s profession. Another goal is securing effective cooperation among supervising authorities over auditor activities in other countries of European Union and outside.