We provide a full range of auditing services, according to Polish Auditing Standards, and International Standards on Auditing. If mandatory under the law, or upon Clients’ request, we perform a financial audit or a review of financial statements, followed by issue of a publicly available document – report from audit, or report from review.
The scope of attestation services is, however, much broader: apart from provision of assurance, such services reduce the risk of company operation, and improve security, provide an independent view on processes present in the entity, and allow for optimisation or improvement of such processes.
Auditing services can be adapted to specific organisational needs, and may involve, for example, financial data compilation to draft financial statements according to specific accounting standards, or execution of agreed upon procedures. Within the framework of auditing services, we also provide a full range of services under the Code of Commercial Companies that imposes the duty to engage a statutory auditor, an expert, or an audit firm.
Audits and reviews of financial statements or other historical financial information
- audit and review of separate and consolidated financial statements prepared according to the Polish Accounting Regulations, International Financial Reporting Standards (IFRS), and other specific accounting policies of companies and groups
- audit and review of consolidation packages
- audit of historical financial information for prospectus purposes
- audit of financial information for the purpose of specific detailed obligations of our Clients, e.g., based on requirements of the banks, funds, or other financing institutions
Other audit services
- agreed upon procedures, including due diligence
- compilation of financial statements (e.g., consolidation package, pro-forma financial statements)
- verification of forecasted financial data
- verification of the calculation of the energy consumption ratio
- attestation services regarding reports on greenhouse gas emissions
- attestation services on controls at third parties rendering outsourcing accounting services
- assurance reports on compliance with contractual terms (e.g., covenants, other)
- forensic audits aimed at crime and fraud detection
- audit of projects financed from the EU funds
Audit services pursuant to code of commercial companies, including:
- audit of formal plans for merger, spin-off, and transformation (Article 502, 537, and 559 of CCC, respectively)
- audit of reports by joint stock company founders (Article 312 CCC)
- audit of reports on increasing the share capital of joint stock companies (Article 431 CCC)
- audit of Management Board reports in the event of an intention of acquiring assets from shareholders by the joint stock company (Article 394 CCC)
- audit of non-monetary contributions in relation to contingent increase of the share capital in a joint stock company (Article 449 CCC)
- audit of the Balance Sheet and Profit and Loss Account in a joint stock company with respect to increase of the share capital from company’s assets (Article 442 CCC)
- audit of accounting books and operations of a limited liability company on shareholder’s request (Article 223 CCC)
- issuing opinion with respect to share price a limited liability company (Article 182 CCC)
- valuation of shares subject to squeeze out (Article 418 CCC)
