In Poland, auditors have long expressed concerns about restrictive laws governing their profession, which were stricter than necessary according to EU regulations. The Polish government has recently approved a draft amendment to the law concerning auditors, eliminating the so-called 'white list'. This list specified the allowed services that auditing firms could provide to public interest entities, such as banks, insurance companies, and publicly listed companies. The removal of this list aims to simplify regulations and better align Polish practices with those of other EU member states.

The Polish Chamber of Auditors has welcomed the announced changes, viewing them positively as a means to alleviate the burdens faced by auditors in Poland. The elimination of the white list allows auditors greater flexibility in their service offerings, which can enhance their competitiveness and ability to meet the needs of their clients. Furthermore, moving towards a 'black list' model—where only prohibited services are listed—could foster innovation and professionalism in auditing, providing more robust services without the constraints of a restrictive framework.

The implications of this amendment extend beyond immediate relief for auditors; they may signify broader reforms in the Polish audit sector. As the government anticipates potential future changes in the auditing landscape, including shifts in regulations at the EU level, this reform could position Polish auditors more favorably for growth and adaptation in an evolving financial environment. Such changes may ultimately benefit public interest entities as well, as they will have access to a wider range of services and expertise from auditors who can now operate under more flexible guidelines.