| SKAU | |
|---|---|
| Membership | Mandatory |
| No. of members | The number of practicing auditors is 782. The number of practicing audit firms is 239. |
| Institute staff | 9 |
| Date of establishment | 1992 |
| Local branches | Yes, Bratislava, Trnava, Banská Bystrica, Košice |
| Subject to public oversight | Yes |
| Public oversight authority | Auditing Oversight Authority (UDVA) |
| Involvement in Qualification and Market Access | SKAU |
|---|---|
| Initial education | Yes |
| Examination | No |
| Approval and registration | No (UDVA) |
| Continued Professional Development | Yes |
| Activities | SKAU |
|---|---|
| Standard setting | No (UDVA) |
| Quality assurance | Yes (only audits of non-PIEs, PIEs: UDVA) |
| Disciplinary measures | Yes (only audits of non-PIEs, PIEs: UDVA) |
| Professions | Certified Auditor – CA |
|---|---|
| Professional body | SKAU |
| Protected title | Yes |
| Reserved activities1 | Statutory audit |
| Included authorisations | Art.21, par.4: An auditor and an audit firm may also provide non-audit services. Slovakia fully adopted ISAs and the IFAC Code of Ethics for Professional Accountants since 2004. The provision of non-audit services to audit clients is fully compliant with IFAC standards. |
| Certified Auditor | |
|---|---|
| Regulated profession | Yes |
| Supervision | Yes |
| Public oversight authority | Auditing Oversight Authority (UDVA) |
| Certified Auditor | |
|---|---|
| General initial education steps (without possible exemptions) | As per Act on Statutory Audit No. 423/2015 Coll., Article 3, par. (1) and (2), an individual has to be registered as “Auditor’s assistant” in SKAU. He/she has to have 5 years professional experience in accounting. Out of these 5 years’ experience, an individual must complete a minimum of three years’ practical training focused on audit of no less than 3,000 hours, two-thirds of which should be with an auditor or an audit firm that is registered in the register of auditors or the register of audit firms (hereafter referred to as “Relevant register”), with an EU auditor or an audit firm of another EU Member State. (3) The period during which the extent of the practical training referred to in the preceding paragraph may last is a maximum of six years, including the interruption of practice according to Article 12 paragraph 6. (4) An assistant auditor shall take part in practical training under the supervision of a trainer who: performs the activities of an auditor as their main activity throughout the year has at least three years of practical experience in the audit profession has a good reputation has not been subject to disciplinary measures pursuant to Article 44 and sanctions pursuant to Article 60 has fulfilled their liabilities towards SKAU Further preconditions for getting the licence: full legal capacity; good reputation; second-level university degree; passing the audit exam. |
| Certified Auditor | |
|---|---|
| No. of qualified professionals | The number of practicing auditors is approximately 800. The number of practicing audit firms is approximately 240. |
| No. of new trainees per year | On average 70 |
| No. of people taking the professional examination | 55 – data 2019 |
| No. of people passing the professional examination | 15 – data 2019 |
| Certified Auditor | |
|---|---|
| Registration required | Yes |
| Competent authority for registration | UDVA |
| Cost of appointment/ registration | €200 for auditor €1,000 for audit company |
| Oath required | Yes |
| Insurance required | Yes |
| Professional address required | Yes |