Finanse, Rynki Finansowe, Ubezpieczenia

Previously: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia


ISSN: 2450-7741     eISSN: 2300-4460    OAI    DOI: 10.18276/frfu.2016.4.82/1-55
CC BY-SA   Open Access 

Issue archive / 4/2016
Audyt zewnętrzny jako mechanizm nadzoru korporacyjnego
(External Audit as a Corporate Governance Mechanism)

Authors: Jacek Gad
Keywords: corporate governance external audit accounting.
Data publikacji całości:2016
Page range:11 (665-675)
Cited-by (Crossref) ?:

Abstract

Purpose – The aim of the article is to analyze the position of external audit in the corporate governance system. The aim of the article is also the identification of market concentration of audit services provided to public companies listed on the Warsaw Stock Exchange. Design/methodology/approach – The content presented in this paper is based on the literature and regulations studies. In the research process the annual reports of public companies were also used. Findings – The analysis of the planned legislative changes indicate that the role of external audit in the system of corporate governance will increase. To a greater extent the process of external audit will involve members of the audit committee. Public companies will be obliged to cyclical changes not only a key auditor but also the audit firm. The study found that only approx. 19% of the units make any change of audit firm for the years 2011/2012 and 2012/2013. It seems that a particularly important, from the corporate governance point of view, is the obligation of auditors to evaluate the reliability of activity report and statement of corporate governance. Originality/value – The article presents the problem of the location of an external audit in the system of corporate governance, which is a relatively rarely presented in Polish literature. The article presents the planned legislative changes concerning external audit.
Download file

Article file

Bibliography

1.Baker C.R., Wallage P. (2000). Future of Financial Reporting in Europe: Its Role in Corporate Governance. International Journal of Accounting, 35 (2), 173–187.
2.Cadbury Report (1992). Financial Aspects of Corporate Governance. Londyn: The Committee on the Financial Aspects of Corporate Governance and Gee and Co. Ltd.
3.Commission of the European Communities (2003). Communication from the Commission to the Council and the
4.European Parliament, Modernising Company Law and Enhancing Corporate Governance in the European Union – A Plan to Move Forward. Bruksela 21 maja 2003. KOM (2003) 284 wersja ostateczna.
5.Deloitte (2012). Współczesna rada nadzorcza 2012. Praktyka ładu korporacyjnego w Polsce. Deloitte. Polski Instytut Dyrektorów.
6.Dyrektywa Parlamentu Europejskiego i Rady 2014/56/UE z dnia 16 kwietnia 2014 r. zmieniająca dyrektywę 2006/43/WE w sprawie ustawowych badań rocznych sprawozdań finansowych i skonsolidowanych sprawozdań finansowych. http://www.mf.gov.pl/ministerstwo-finansow/dzialalnosc/rewizja-finansowa/aktualnosci
7.ICAS (1993). Auditing into the twenty-first century. Edinburgh: The Institute of Chartered Accountants of Scotland.
8.IFAC (2011). Integrating the business reporting supply chain. International Federation of Accountants.
9.Jensen M.C., Meckling W.H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3 (4), 305–360.
10.Marcinkowska M. (2014). Corporate governance w bankach. Teoria i praktyka. Łódź: Wydawnictwo Uniwersytetu Łódzkiego.
11.OECD (2004). Zasady nadzoru korporacyjnego OECD. Organizacja Współpracy Gospodarczej i Rozwoju.
12.Rozporządzenie Parlamentu Europejskiego i Rady (UE) NR 537/2014 z dnia 16 kwietnia 2014 r. w sprawie szczegółowych wymogów dotyczących ustawowych badań sprawozdań finansowych jednostek interesu publicznego, uchylające decyzję Komisji 2005/909/WE.
13.Solomon J. (2007). Corporate Governance and Accountability. Chichester: Second edition. John Wiley & Sons Ltd.
14.Tweedie D. (2004). Statement of Sir David Tweedie before the Committee on Banking, Housing and Urban Affairs of the United States Senate. Waszyngton.
15.Ustawa z dnia 7 maja 2009 r. o biegłych rewidentach i ich samorządzie, podmiotach uprawnionych do badania sprawozdań finansowych oraz o nadzorze publicznym, Dz.U. 2015, poz. 1011, 1844.
16.Ustawa z dnia 29 września 1994 o rachunkowości, Dz.U. nr 76, poz. 694, ze zm.
17.Winter J. (2002). Report of the high level group of company law experts on a modern regulatory framework for company law in Europe. Bruksela.