Public Audit Oversight Board (PAOB)

What Public Audit Oversight Board (PAOB) does

The Public Audit Oversight Board (Rada pro veřejný dohled nad auditem, RVDA) is a Czech government regulatory body established in 2009 under Law No. 93/2009 Coll. on Auditors. It exercises exclusive statutory public oversight of the audit profession in the Czech Republic, operating under EU Regulation 537/2014 as the competent national authority for quality control of auditors performing mandatory statutory audits of public interest entities (PIEs). The Board's core functions include conducting quality control inspections of auditors and audit firms, monitoring audit committees of PIEs and state-owned entities with state ownership interests (SMÚS), overseeing ESG/sustainability reporting audits under EU Directive 2022/2464, running administrative enforcement proceedings under Title XI of the Audit Act, and publishing annual activity and transparency reports.

Governance rests with a six-member Presidium appointed by the Minister of Finance in cooperation with the Governor of the Czech National Bank, with the President serving as statutory body. The organization is headquartered in Prague (Vodičkova 1935/38) and operates with approximately 9 staff. PAOB participates actively in international oversight networks, including the Committee of European Auditing Oversight Bodies (CEAOB) and the International Forum of Independent Audit Regulators (IFIAR), and maintains bilateral cooperation with the Slovak (UDVA) and Polish (PANA) counterparts, most recently convening a trilateral meeting in Warsaw in June 2026.

PAOB is a non-commercial state entity funded through the Czech state budget. It does not sell products or services, does not generate commercial revenue, and has no private ownership or shareholders. Distribution of its regulatory outputs (inspection reports, audit committee templates, enforcement decisions, legislative commentary) occurs through its official website (rvda.cz) and the statutory official bulletin (Úřední deska). Its outputs are mandatory rather than marketed, and its "customers" — supervised auditors, audit firms, and PIEs — are bound by statute to comply.

Name

Public Audit Oversight Board (PAOB)

Legal name

Rada pro veřejný dohled nad auditem

Website

https://rvda.cz

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

The Public Audit Oversight Board (Rada pro veřejný dohled nad auditem, RVDA) is a Czech government regulatory body that conducts quality control inspections of auditors of public interest entities, monitors audit committees, and enforces EU audit regulations in the Czech Republic.

Ownership category

akta.pro rank

Product category

Audit Regulatory Oversight

NAICS

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (92615)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro industry

PRIMARYBPAIAEAH

Financial Risk, Controls & Audit (Public Sector)

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIABAO

State/Provincial Licensing, Permitting & Regulatory Administration (Cross-sector)

Business & Public Services/Public Sector & Government Administration/State/Provincial & Regional Government Administration

Keywords

• Audit oversight
• Audit quality control
• Audit regulation
• Public interest entities
• Statutory audit supervision

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. State Budget Funding: The Board is a government body funded through the state budget. Its financial management (Hospodaření Rady) is administered under public finance rules. No commercial revenue streams are described.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

PAOB performs public oversight of the audit profession in the Czech Republic by conducting quality control inspections of auditors and audit firms that perform statutory audits of public interest entities (listed companies, banks, insurers, pension funds). It also monitors audit committees of public interest entities and entities with state ownership interests (SMÚS), conducts enforcement proceedings under the Audit Act, and oversees compliance with EU audit and sustainability reporting standards. The Board's services are regulatory and non-commercial, funded through the state budget.

Product overview

The Public Audit Oversight Board (PAOB) is a Czech regulatory body established in 2009 under Act No. 93/2009 Coll. on Auditors. It is not a commercial product company but rather a governmental oversight organization. Its primary functions include: (1) conducting quality control inspections of auditors and audit firms performing statutory audits of public interest entities, (2) monitoring audit committees and receiving their activity reports, (3) providing standardized reporting templates for audit committees, (4) overseeing compliance with ESG (sustainability) reporting requirements under EU Directive 2022/2464, and (5) conducting enforcement proceedings under the Audit Act. The Board also maintains archives of transparency reports and organizes professional conferences and seminars on audit oversight topics.

Differentiator

Problem solved

Functional benefit

Products and services

• Quality Control Inspection System (Systém zajištění kvality) Quality control inspections of auditors and audit firms performing statutory audits of public interest entities, conducted under the Audit Act and Quality Control Regulations and aligned with the Common Audit Inspection Methodology (CAIM) of CEAOB.
• Public Interest Entity (SVZ) Audit Committee Monitoring Monitoring of audit committees of public interest entities (listed companies, banks, insurers, pension funds) including receipt and review of annual activity reports.
• Audit Committee Reporting Templates (Dotazník pro výbory pro audit) Standardized reporting templates issued by the Board for audit committees of public interest entities to submit annual activity reports, available in Czech and English.
• ESG/Sustainability Audit Oversight Oversight of sustainability reporting audits following EU Directive 2022/2464, extending audit oversight to non-financial and ESG reporting.
• Enforcement Proceedings (Řízení o sankcích) Administrative enforcement proceedings and sanctions under Title XI of the Audit Act for violations of audit regulations.
• Transparency Reports Archive (Zprávy o transparentnosti) Public archive of annual transparency reports submitted by auditors of public interest entities for years 2017-2024.

Quantifiable outcome

• Regular quality control inspections of auditors and audit firms performing mandatory audits
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• IFIAR (International Forum of Independent Audit Regulators)coreStrategic or Co-development Partner · 1 January 2019PAOB participates in IFIAR, a global organization bringing together audit oversight regulators. PAOB representatives attend IFIAR workshops and enforcement meetings, sharing and learning from international oversight practices.
• CEAOB (Committee of European Auditing Oversight Bodies)coreStrategic or Co-development PartnerPAOB is a member of CEAOB, the European-level committee of audit oversight bodies. Through CEAOB, PAOB participates in the Common Audit Inspection Methodology (CAIM), enforcement surveys, sanctions policy reviews, and international cooperation among EU oversight bodies. CEAOB publishes annual Enforcement Reports.
• UDVA (Úrad pre dohľad nad výkonom auditu, Slovakia)coreStrategic or Co-development PartnerBilateral cooperation with the Slovak audit oversight body UDVA. Joint meetings are held regularly — most recently in Warsaw in June 2026 with PANA (Poland), focusing on supervision procedures, enforcement, and sustainable reporting oversight.
• PANA (Polish Agency for Audit Oversight, Poland)coreStrategic or Co-development PartnerBilateral cooperation with the Polish audit oversight body PANA. Hosted the June 2026 trilateral meeting with Czech (RVDA) and Slovak (UDVA) oversight bodies in Warsaw, focusing on supervision, enforcement, and ESG reporting oversight.
• Czech National Bank (ČNB)coreOthersThe Governor of ČNB, Jiří Rusnok, served as the first President of PAOB (2009). ČNB collaborates with PAOB on financial market regulation, audit oversight coordination, and the appointment of Presidium members. ČNB actively supports coordination and harmonization of procedures related to accounting and audit.
• Ministry of Finance of the Czech Republic (MF ČR)coreOthersThe Minister of Finance appoints members of the PAOB Presidium in cooperation with the Czech National Bank. MF ČR provides financial support to the Board and collaborates on legislative changes affecting the audit profession, including EU Directive 2022/2464 implementation on sustainability reporting.
• Chamber of Auditors of the Czech Republic (Komora auditorů ČR)coreOthersPAOB exercises public oversight over the activities of the Chamber of Auditors as mandated by the Audit Act. Both organizations co-organize conferences on audit topics (Corporate Governance, Cybersecurity, Fraud and Forensic Investigations) together with ČIIA, MF ČR, and NKÚ.
• ČIIA - Czech Institute of Internal AuditorsminorOthersCo-organizes annual conferences on audit topics (Corporate Governance, Cybersecurity, Fraud and Forensic Investigations) together with PAOB, the Chamber of Auditors, MF ČR, and the Supreme Audit Office (NKÚ).
• Supreme Audit Office of the Czech Republic (NKÚ)minorOthersNKÚ co-hosts annual audit conferences with PAOB, ČIIA, the Chamber of Auditors, and MF ČR. NKÚ serves as venue host for the annual auditor conference series.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Abschlussprüferaufsichtskommission (APAK): Germany's commission for oversight of the statutory audit profession. Comparable to PAOB as the national body overseeing audit quality and auditor independence under EU Regulation 537/2014.
• Financial Reporting Council (FRC): U.K. regulator responsible for audit oversight, corporate reporting, and actuarial standards. Directly comparable in performing quality inspections of statutory auditors and enforcing audit standards under a statutory framework.
• Haut Conseil du Commissariat aux Comptes (H3C): France's independent audit oversight authority for statutory auditors. Functions as the French national equivalent to PAOB, conducting inspections and disciplinary oversight of auditors performing statutory audits.
• Public Company Accounting Oversight Board (PCAOB): U.S. statutory audit oversight body for auditors of public companies and broker-dealers. Closest international analogue to PAOB in terms of statutory mandate, inspection regime, and enforcement powers over PIE auditors.
• Úrad pre dohľad nad výkonom auditu (UDVA): Slovakia's audit oversight authority. PAOB holds a mutual bilateral cooperation agreement with UDVA, holding regular joint meetings on supervisory procedures and enforcement.
• Polska Agencja Nadzoru Audytowego (PANA): Poland's audit oversight agency. PAOB has an active bilateral cooperation relationship with PANA, including the June 2026 Warsaw trilateral meeting on supervision, enforcement, and ESG reporting oversight.

Others

• Committee of European Auditing Oversight Bodies (CEAOB): EU-level committee of national audit oversight bodies, of which PAOB is a member. Not a competitor but the supranational coordination forum where PAOB contributes to the Common Audit Inspection Methodology and pan-EU enforcement surveys.
• International Forum of Independent Audit Regulators (IFIAR): Global body of independent audit regulators. PAOB has been an IFIAR participant since 2019, attending workshops and enforcement meetings — an enabling relationship rather than a direct competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/public-audit-oversight-board

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Public Audit Oversight Board (PAOB)