In order to meet the requirements, Auditance offers clients an independent external assessment of the internal audit function in relation to the IIA Standards and the Polish Financial Supervision Authority's guidelines.

We also offer a review of the internal audit function in order to prepare the organization for an independent assessment of the internal audit function.

The guidelines of the Polish Financial Supervision Authority for the banking sector included in Recommendation H on the internal control system in banks, indicate that: "The assurance and advisory activity of the internal audit unit should be subject to regular, independent external evaluation, however not less frequently than every five years. (…) The results of the independent external evaluation should be presented and discussed at the meetings of the bank's management board and the supervisory board.".

A similar requirement is also included in the best practices for public interest entities related to the audit committee issued by the Polish Financial Supervision Authority.

We put excellent communication and friendly cooperation in the first place. We encourage you to contact us or leave your contact details, thanks to which we will be able to learn about your needs and present our offer and terms of cooperation.

The International Standards for the Professional Practice of Internal Auditing (IIA Standards) define the principles of the internal audit function and indicate that external assessments of the internal audit function must be carried out at least every five years by a qualified, independent person or team outside the organization.

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A similar principle is included in the "Best Practices for WSE Listed Companies" issued in 2021. The guidelines recommend that the companies which are in the WIG20, mWIG40 or sWIG80 indices, perform assessments of the internal audit function at least every five years carried out by an independent auditor selected with the involvement of the audit committee.

Assessment will be performed by the statutory auditor with experience on the position of Director of the Internal Audit unit at Polish bank.

We know the methodology of work in the internal audit unit, requirements and the best market practices, and we perform our assessment with the mission of supporting the internal audit function in the company.

In order to meet the requirements of the IIA Standards and the best market practices, Auditance offers clients an independent external assessment of the internal audit function.

We also offer a review of the internal audit function in order to prepare the organization for an independent assessment of the internal audit function.

• Independent external verification of the internal audit unit allows to assess the compliance of the audit function with international standards and the best market practices.

• Conducting an external evaluation allows to identify the existing gaps and weaknesses in order to improve the activity of the internal audit function.

• External assessment improves the image of the internal audit function by being able to use the formula "consistent with the International Standards for the Professional Practice of Internal Auditing" (standard No. 1321).