The PIBR was established by the Act on Statutory Auditors, Audit Firms and Public Oversight of 1991 as a mandatory membership organization uniting all statutory auditors and audit firms in Poland. Its mission is to ensure the reliability of financial information and the security of business transactions. The main legal responsibilities of PIBR are: (i) certification and registration of auditors; (ii) adopting auditing standards and standards on quality control, (iii) establishing and enforcing ethical requirements as well as continuous professional development (CPD) requirements; (iv) establishing investigation and discipline mechanisms and conducting disciplinary proceedings for certain violations. The PIBR’s activities are overseen by the Polish Audit Oversight Agency (PANA). In addition to being a member of IFAC, PIBR is a Member of the Visegrad Group composed of Chambers of Auditors from the Czech Republic, Hungary, Slovakia and Poland (V4), an Associate Member of the Professional Accountancy Education Europe (PAEE) (previously the Common Content Project) and of the Fédération Internationale des Experts-Comptables Francophones (FIDEF).