The SKAU is a legal entity established in 1992 that unites auditors and audit firms. It is subject to the regulations set out in the Act No. 423/2015 on Statutory Audit, which defines the organizational structure and duties of the organization. SKAU’s mandate is to: (i) issue the Auditor’s Code of Ethics; (ii) conduct quality assurance reviews of auditors providing services to non-public interest entities under the oversight of Úrad pre dohl’ad nad vykonom auditu (UDVA); (iii) conduct and enforce continuing professional development requirements; (iv) maintain a registry for members; and (v) operate an investigation & disciplinary system for members under the supervision of UDVA. In addition to being a member of IFAC, SKAU is a member of Accountancy Europe.