Open AccessKey audit matters in audit reports of selected public interest entities
Author(s) -
Bartłomiej Iwanowicz
Publication year - 2019
Publication title -
zeszyty teoretyczne rachunkowości
Language(s) - English
Resource type - Journals
eISSN - 2391-677X
pISSN - 1641-4381
DOI - 10.5604/01.3001.0013.6052
Subject(s) - accounting , financial statement , audit , stock exchange , business , categorization , auditor's report , originality , scope (computer science) , finance , political science , computer science , artificial intelligence , programming language , creativity , law
The main purpose of the article is to categorize key audit matters (KAM) of a financial statement and todetermine the frequency of their occurrence. The research method is based on analyzing annual consolidatedfinancial statements (annual reports) and the reports of the independent auditor, which were publishedin the last 12-month period available as at the day of examination (the periods mainly ended December31, 2017, and March 31, 2018). Deductive and inductive reasoning, using analysis and synthesismethods, were used to formulate the results. The research was performed for 156 companies listed on theWarsaw Stock Exchange. The analysis covered all companies from the following ten sector indices(WIG): construction, IT, real estate, food, utilities, oil & gas, mining, energy, automotive and chemicals.Targeting the scope of the research to all entities listed within the ten sector indices (WIG), and conductingthe analysis based on the latest market data, demonstrates the originality and usefulness of the article.