Problemy współpracy rad nadzorczych z biegłymi rewidentami
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THE AREAS OF MISCOMMUNICATION IN THE COOPERATION BETWEEN THE SUPERVISORY BOARDS AND AUDITORS
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The purpose of the article is to present the most important areas of miscommunication in the cooperation between supervisory boards and auditors. The cooperation between the supervisory boards/audit committees and auditors is one of the key elements of the supervision over accountancy in companies. However, the praxis and accounting affairs indicate some miscommunication in this cooperation. Auditors should be treated as a valuable support team to supervisory boards in the process of evaluation of financial statements prepared by the executive management of companies. Nevertheless, the auditing deadlines are becoming more tough to meet while the auditing fees negotiated by the supervisory boards with the auditors are declining. These factors make the terms of the auditors’ involvement much more difficult when compared to previous years. The author also points out that the high competency of the audit committees’ members and their strong involvement in the fulfillment of their duties are crucial to the supervision of financial statements of companies and, consequently, to the proper understanding of the role of the auditors and efficient use of the audits’ results.
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