Responsibility and honour. Supreme Audit Office of Poland to audit OECD

The audit will commence this November. It will cover all aspects of the OECD financial activity. The mail aim will be to assess the credibility of the financial statements, as well as the effectiveness, efficiency and economy of the execution of the budget constituted by the member states’ contributions. The audit will cover four main areas:

  • OECD financial statements
  • Financial statements of the OECD pension fund
  • OECD budget execution
  • Two audits of the OECD task performance annually

- The audit that we will conduct at the OECD is a special honour but also a great responsibility - said NIK President, Krzysztof Kwiatkowski. - It also confirms a strong international position of NIK as a Supreme Audit Institution - he added.

The study of the financial statements is to confirm that they are credible, reliable and reflect the data included in the accounts. The audit of the pension fund will have a similar scope. The budget is to be assessed with regard to the purposefulness of the expenditure and compliance with the regulations. NIK will also conduct two performance audits, which may encompass, for instance, the OECD expenses related to expert work and the implementation of the recommended solutions.

The Organisation for Economic Co-operation and Development prepares annual reports concerning the members states - the world economy. Polish auditors will check, whether the money spent to prepare selected reports was utilised effectively.

- OECD facilitates economic development, fosters protection of personal freedom and improvement of life quality. Its reports constitute a valuable source of information concerning the implementation of social and economic policies - said President Krzysztof Kwiatkowski.

This October, before the commencement of the audit, NIK will assume the obligations from the previous auditor - the French Cour des Comptes. In November Polish auditors will pay the first visit at OECD, to assess risks and internal controls in force at the Organisation. The areas with the highest identified risk will be subject to the most intensified audit procedures. Due to its complexity, importance and the related responsibility, the audit will be conducted by four teams. A steering committee will also be appointed, headed by the President of NIK. The committee will supervise all audits conducted by NIK at OECD and will ensure best quality of work and the prepared reporting documents.

The Organisation for Economic Co-operation and Development with seat in Paris was established in 1961. It currently associates 36 states. Poland joined the organisation in 1996.

All OECD member states are committed to the three major principles in the social and political life, being also the basic criteria for candidate countries: democracy, so the political pluralism, respect for the human rights and civil freedom, as well as sustainable growth within an open market economy.

The Organisation prepares conduct codes regarding economy and entrepreneurship. It formulates recommendations, resolutions and declarations, which are to informally impact the economy of the member states. It prepares and implements guidelines and norms regarding various economy areas. OECD also provides assistance to the poorest countries. According to prof. Leslie Pala from the Carleton University in Canada, the Organisation’s impact is greater than it is commonly thought; it does not only concern the member states, but over 100 countries.

Irrespective of their economic performance or the input to the budget, all member states are treated equally. All final social and economic decisions taken by the member states include the opinions and interests of other countries.

OECD has over 250 committees, working groups and expert groups. They comprise almost 40 thousand experts from all over the world, who exchange information and ideas, and monitor progress in the areas that they tackle.

OECD structure

Council - chief body, constituted by representatives of the member states. Approves the budget and decides on key issues;

Committees - implement the decisions of the Council in particular areas, such as economy, trade, employment, education, financial markets;

Secretariat - coordinates the on-going activity; suggests activity directions; headed by the Secretary General -Angel Gurría.

A permanent representation of Poland to OECD was established in 1997, to represent our state within the bodies and committees of the organisation. It is headed by prof. Aleksander Surdej.

OECD comprises: Australia, Austria, Belgium, Chile, Czech Republic, Denmark, Estonia, Finland, France, Greece, Spain, the Netherlands, Island, Ireland, Israel, Japan, Canada, Southern Korea, Lithuania, Luxembourg, Latvia, Mexico, Germany, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, United States, Switzerland, Sweden, Turkey, Hungary, Great Britain and Italy.

OECD countries lead on the world financial markets, with regard to capital flows, foreign investments, services, modern technologies, innovation and scientific research.

Article informations

Date of creation:
22 August 2018 11:14
Date of publication:
17 July 2018 15:14
Published by:
Krzysztof Andrzejewski
Date of last change:
30 August 2019 21:51
Last modified by:
Andrzej Gaładyk
Responsibility and honour. Supreme Audit Office of Poland to audit OECD

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