Entries from - page 12

Reaching out to you through different communication channels, we have recently extensively discussed the specific nature of the work of an auditor and the issues connected with their (proper) selection. We would also like to remind you how a company may benefit from being audited. We have already mentioned that it is a good thing if an auditor is your business partner for years, but now we want to show you what this is like in practice: what the benefits an auditor may provide to the audited company are and what the client is actually paying for.

In the previous article from a series dedicated to employing foreigners in Poland. we discussed hiring third-country nationals. We have explained that this involves a range of obligations both for the employer and the employee, and any failure to meet these obligations results in certain penalties. Today we are going to analyse whether hiring a foreigner who is a citizen of the European Union (EU), European Economic Area (EEA) or Switzerland (hereinafter referred to as an EU citizen) is indeed a less complicated procedure. Does the employer face penalties if he or she fails to observe the procedures related to a foreigner’s stay on the territory of Poland?

In this and in the next post, I am going to help you all realise and appreciate how immense the impact of managerial decisions is on the quality of company’s reporting. I would like to point out that if the company’s management board (and supervisory bodies) are not aware of the essence of accounting, do not understand the necessity of preparing financial statements and do not recognise the goal behind internal and external audit, any financial data processed by financial and accounting services are subject to material error, or at least fail to represent all economic events fairly and clearly.

We have already written a lot, both here and in national journals, about the importance of audit services, their meaning for businesses, the cooperation of management boards or supervisory bodies with auditors, and the qualities of a good auditor. Now it is time to say something about how this auditor (a statutory auditor or an audit firm) should be chosen.