Key Audit Matters reporting for Polish listed companies

• Authors: Kutera Małgorzata , Jędrzejczyk Marcin

Title variants

PL

Kluczowe sprawy badania raportowane dla polskich spółek giełdowych

• Languages of publication: EN

Abstracts

EN

Purpose: The main purpose of the article is to identify and characterize the key audit matters (KAMs) indicated during an audit of the financial statements of the largest companies in the Polish market. Methodology/approach: We analyzed the KAMs presented in the verification of the consolidated financial statements of the 30 largest companies listed on the main market of the Warsaw Stock Exchange for 2014–2022. The total sample was 270 auditors’ reports. The basis of the methodology was empirical research; deductive and inductive reasoning were used to formulate the results. Findings: The number of KAMs reported in individual years did not fluctuate significantly, and the average number disclosed for one audit coincides with general global trends. The auditors reported the riskiest areas were for entities from the insurance sector, media and telecommunications, and the fuel industry. The most important KAMs include contingent liabilities, revenue, long-term assets, and goodwill. Research limitations/implications: The main constraint is the limited research sample relating only to the audit of the financial statements of WIG30 companies. However, it covers the largest entities for which auditors indicated the most KAMs and prepared their most extensive descriptions. Originality/value: The article concerns a relatively new research area for which there are few studies on the Polish market, which additionally have a narrow substantive scope. This paper comprehensively characterizes KAMs reported by auditors in the long term.

PL

Cel: Głównym celem artykułu jest identyfikacja oraz pogłębiona charakterystyka kluczowych kwestii badania (KAMs) wskazywanych przy audycie sprawozdań finansowych największych spółek na polskim rynku. Metodyka/podejście badawcze: Analizie poddano kluczowe kwestie badania zaprezentowane przez audytorów w badaniu skonsolidowanych sprawozdań finansowych 30. Największych spółek notowanych na rynku podstawowym warszawskiej GPW za lata 2014–2022. Łączna próba wyniosła 270 sprawozdań biegłych rewidentów. Podstawę metodyki stanowiło głównie badanie empiryczne, zaś do sformułowania wyników wykorzystano wnioskowanie dedukcyjne i indukcyjne. Wyniki: Liczba KAM’s raportowana w poszczególnych latach nie ulegała znacznym wahaniom, a ich średnia liczba ujawniana dla jednego audytu pokrywa się z ogólnymi trendami światowymi. Najwięcej obszarów ryzyka audytorzy zgłaszali dla podmiotów sektora ubezpieczeniowego, mediów i telekomunikacji oraz branży paliwowej. Do najważniejszych kluczowych spraw badania należy zaliczyć zobowiązania warunkowe, przychody, długoterminowe aktywa i wartość firmy. Ograniczenia/implikacje badawcze: Głównym ograniczeniem jest zawężona próba badawcza odnosząca się wyłącznie do badania sprawozdań finansowych spółek WIG30. Obejmuje ona jednak największe podmioty, dla których audytorzy wskazywali najwięcej KAMs oraz przygotowali ich najszersze opisy. Oryginalność/wartość: Artykuł dotyczy stosunkowo nowego obszaru badawczego, który, w kontekście polskiego rynku, nie był dotychczas przedmiotem wielu badań, a istniejące opracowania mają wąski zakres merytoryczny. Niniejsza praca prezentuje kompleksową charakterystykę kluczowych spraw badania raportowanych przez audytorów w dłuższej perspektywie czasu.

Keywords

EN

key audit matters; auditing; auditors’ report; ISA 701; financial statement; risk

PL

kluczowe sprawy badania; audyt; sprawozdanie biegłego rewidenta; KSB 701; sprawozdanie finansowe,; ryzyko

• Publisher: Stowarzyszenie Księgowych w Polsce (SKwP), Zarząd Główny, Rada Naukowa
• Journal: Zeszyty Teoretyczne Rachunkowości
• Year: 2024
• Issue: 48(2)
• Pages: 73-92

Contributors

author

Kutera Małgorzata

• agiellonian University in Krakow, Faculty of Management and Social Communication, Institute of Economics, Finance and Management

author

Jędrzejczyk Marcin

• Krakow University of Economics, College of Management and Quality Sciences, Institute of Computer Science, Accounting and Controlling

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