SLOT’s objective is to strengthen investors’ trust in financial statements’ integrity.

In order to meet this objective, SLOT has the following responsibilities:

Introducing amendments regarding existing standards or application of new accounting standards.

Seeing to the implementation of stable and recognized accounting standards.

Supervising the effectiveness of existing accounting standards’ implementation.

Pronouncing on accounting standards issues which are remitted to it under the HAASOB’s Board of Directors or Executive Board’s decision.

Answering to individual interested parties’ questions regarding accounting issues which are raised directly to SLOT or other HAASOB bodies.

Seeing to HAASOB’s active participation in the competent European Institutions and other international bodies.

Composition

 

SLOT consists of five members, one of the HAASOB’s Deputy Chairmen appointed as Chairman and four special scientists that have a doctoral degree in the field of Accounting and a high level of theoretical training in accounting or long-term experience in accounting practical implementation. The Board is appointed for a period of three-years.

Disciplinary Board (PS)

The HAASOB’s Disciplinary Board is the body responsible for ascertaining violations of the law and the regulatory framework governing the work of auditors, including HAASOB’s regulatory acts, the valid Code of Ethics, the auditing standards or quality assurance standards, along with the cases of non-compliance with the recommendations made by the HAASOB’S Quality Control Board.