1. REPARIS WORKSHOPS IFRS Translation: From pre- to post-accession
National Board of Chartered Accountants Association of Poland
Agnieszka Ostaszewicz – Director
Tuesday 14 March 2006

2. ACCOUNTANTS ASSOCIATION IN POLAND – (1907-2006)

3. Accountants Assocation in Poland
Founded in 1907
Professional, public organisation of accountants and auditors
Voluntary membership:
Ordinary members
Supporting members (firms)
Since 1989 ordinary Member of IFAC

4. Accountancy profession
Statutory auditors:
Accountants authorised by
the Minister of Finance to provide
bookkeeping services to 3rd parties:
Others : vast majority of accountants employed in industry, commerce and academia

5. Translations - historical overview
Early 90-ies – unofficial translations of individual standards published in the periodic Bulletin addressed to the members of the NBCCA
first unofficial translation of the Bound Volume
first official translation of the BV.
next official translation of the BV.
last official translation of the BV.
Annex to the 2004 BV to be issued

6. DUE PROCESS
Translation process fully in line with the provisions of the Licence Agreement and IASCF translation policy
Translation of the 2004 Bound Volume:
Translators: 7 (3 teams)
Review Committee: 20 (2-Min.of Fin., 5 - National Standards Setter, 3 – AAP, 7 - Practitioners, 1 – NBP, 1 – SEC, 1- Insurance Supervisor). Out of 20 – 7 are current or past academic lecturers.
Cross-readers: external (4), internal (3)
Managerial aspects: securing and overviewing due process (2),
contract service (1)
Alltogether: 36 people involved (5 AAP in-house employees)
TRADOS software used for the first time!

7. DUE PROCESS 1st. stage - translation
External
translators
IFRS
Internal
AAP
IASB
agreement
Review
Committee
key terms
consultation

8. DUE PROCESS 2nd. stage - quality assurance
External
translators
Internal
IFRS
AAP
Cross
readers
cross
reading
IFRS
Review
Committee
consultations
(if needed)

9. DUE PROCESS 3rd. stage – editing
AAP
Printing
house
consistency, redrafting,
double checking
final book
users

10. TIME SPLIT

11. TIME EFFECTIVNESS
(project in months)
(year of edition)

12. EU Files
Joint meeting of IASCF, Polish government and AAP’s representatives arranged in Warsawv – to discuss Polish EU files preparation (beginning 2004)
Process managed by AAP in close cooperation with IASCF Publication Staff

13. EU Files –cntd
On-time delivery of translated materials as specified by the Regulation (EC) 1725/2003
Avoiding confusing solutions
Consistency between the commercial and official version of the standards

14. Follow-up
Invitation to make any direct comments on the correctness and quality of translations by regulators, banks, universities, other interested parties.
Technical specialists involved into the translation: i.e. agriculture, insurance

15. Response to the market needs
Confidence building process- good brand name associated with the AAP as a translator of technical publications
Internal facilities: printing and in-house technical staff
Dissemination and promotion of BV through training
Country-wide distribution by means of the network of the regional and local branches of AAP

16. Sales figures

17. Linguistic issues Shall/should significance
Uncertainty about the use of the Present Tense
Governance issues (different systems)
Polish terminology building, e.g. fair value, stakehoders, terminology related to financial instruments („out of the money put option”, „stepped interest”, „kicked equity”)
Dilema on quoting original English terms
Controversial issues
Context translations
Conjugation and declination issues

18. International Standards on Auditing
First ISA Edition
2001 Edition
2005 Edition – issued together with the National Chamber of Statutory Auditors

19. Thank You Agnieszka Ostaszewicz: Accountants Association in Poland
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