Amendments to the regulations of the profession of statutory auditor and the activities of audit firms, which entered into force with the Act of On May 11, 2017, they introduced new guidelines for presenting the results of the auditor’s work. The statutory auditor no longer presents the audited entities with the “Auditor’s Opinion and the Audit Report”, but with the “Audit Report”.
Most of the entities auditing their financial statements noticed this change during the 2017 audit (when the financial year coincided with the calendar year). The new form is definitely shorter, which some recipients interpret as a negative change, but at the same time the environment of statutory auditors indicates other advantages of the new form. These include:
- a certified auditor prepares one document that contains all the information required by the audit standards,
- distinction with subtitles of the following paragraphs, which clearly shows the scope of responsibilities of management board, supervisory board and the certified auditor.
Although a lot of time has passed since the first application of the “Auditors’ report”, you can still receive requests for an audit of the financial statements for 2018, which require the statutory auditor to prepare the “Auditor’s Opinion and Report”. It is worth noting that if you audit the financial statements for 2018, the result of the statutory auditor will be “Auditors’ report “, which can be found at www.pibr.org.pl.
