Audit & assurance
Our team provides comprehensive audit services in terms of fulfilling the company's legal obligations. We also ensure professional external audits for EU projects. However, simply performing the audit and delivering a raw opinion is not something we want to limit ourselves to. Our clients are always provided with detailed information as to make sure that data coming from accountants honestly reflects the actual situation of their business.
2 October 2019
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.
18 July 2019
On 9-12 July this year, members of our Audit Department, namely Marcin KAWKA (Audit Partner), Michał DREAS (Audit Manager) and Aleksandra SYSIAK (Junior Audit Manager), participated in the “Train The Trainer” training held in the RSM France office in Paris. It was another meeting under a global training project of the RSM network that was actively attended by RSM Poland professionals.
15 July 2019
The Cash flow statement is an element of financial statements. However, not all entities applying the provisions of the Accounting Act are obliged to prepare a cash flow statement.
12 April 2019
We are happy to announce that RSM Poland took 11th place in terms of revenues from audit in the 19th Rzeczypospolita Auditor Ranking, which means it has moved up 4 positions.
14 March 2019
IFRS 15 includes detailed principles to be applied in certain areas of industry-specific accounting, and we have already presented some of them in our recent posts. It should be recalled that the additional guidance included in Appendix B to the standard is obligatory. In this article, we are going to focus on a general discussion of some of these issues.
25 February 2019
We have recently written a lot about recognising revenue from construction and advisory services; today it is time for the next industry; this time, we are going to analyse the sale of non-material products. How should the revenue from the sale of the license and the service of software installation be recognised in the books?
4 February 2019
Quality financial reporting, confirmed by an unqualified opinion of an auditor, seals the victory, proving that the information flow in the entity is flawless, the underlying aim of reporting is understood and the business is correctly reflected in the financial statements.
20 January 2019
Advisory and legal services are among the industries (along with telecommunications, IT and real estate) where the evaluation of the actual impact of the new regulations (IFRS 15) on financial statements is going to require a meticulous analysis of the new standard as well as the terms and conditions of contracts concluded with customers.
7 January 2019
We have recently devoted a lot of attention to the IFRS 15 standard which has introduced uniform principles for determining the time of recognising revenue irrespective of the service performed or the goods supplied (with certain exceptions). Today we are going to discuss the impact of these changes on reporting in companies on the example of recognising revenue from the performance of construction services.
21 December 2018
In our previous posts we have presented four steps of the model framework for revenue recognition. The last step of the five-step model framework described in IFRS 15 is to recognise revenue once conditions related to different contract elements are met.