RSM Poland


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.

RSM Poland now has ACCA Approved Employer accreditation – Trainee Development Platinum

29 July 2020
In early June of this year, RSM Poland received the next level of ACCA employer accreditation under the ACCA Approved Employer scheme, namely Trainee Development Platinum. This is a confirmation that we meet high standards of Continuing Professional Development (CPD) in our organisation, ensuring development opportunities for our staff through the continuous improvement of their professional qualifications.

Asset measurement during a state of epidemic and economic slowdown. Part 3.

20 July 2020
As I mentioned in my previous article on Asset measurement in a state of epidemic and economic slowdown, the measurement should be careful when it comes to right-of-use assets (i.e. leased assets, as they are popularly called), all the more so since an amendment to IFRS 16 has been in force for more than a month now.

Asset measurement during a state of epidemic and economic slowdown. Part 2.

15 June 2020
In the previous article, I focused on asset measurement at fair value in the times of economic recession, uncertain future of companies and limited information exchange in the context of IFRS 13 assumptions. What about the measurement of assets to which IFRS 13 does not apply? Contrary to what you may think, there are quite a few of them.

Asset measurement during a state of epidemic and economic slowdown. Part 1

8 June 2020
We have recently written a lot about financial instruments: their definition, classification, measurement, impairment, etc. Since all this remains relevant and topical, we will soon be publishing a Q&A with the most frequently asked questions and explain the different aspects of financial instruments that keep baffling our readers. Today, however, partly due to functioning in a state of epidemic and partly because I want to continue with the topic of impairment of assets (receivables), I decided to focus on the measurement of balance sheet items at fair value.

Financial instruments – the devil is not so black? Part 4

23 April 2020
Katarzyna STENCEL
After the introduction to financial instruments under Polish and international law, exploring the subject of classification and measurements of debentures, analysing the initial recognition of financial instruments in the account books and their classification in compliance with the new IFRS 9 guideline, it is time to discuss hedge accounting.

Financial instruments – something to be scared of? Part 3.

31 March 2020
Aleksandra SYSIAK
In the previous post we focused on describing and defining various financial instruments under Polish and international balance sheet accounts regulations, as well as the correct classification of debentures. In this article we will take a closer look at the initial recognition of these instruments and their classification in compliance with IFRS 9 guidance.

Financial instruments: the devil is not so black? Part 2.

11 March 2020
In one of our latest articles we have presented several of the most popular financial instruments, both simple and more complex. As auditors, we quite often see doubts concerning their disclosures and measurement, and it is not just about the most popular ones like e.g. futures, finance lease or loan agreements, but also about those less common in business practice, like e.g. debt securities convertible into common shares, bonds and call options for shares of another entity.

Financial instruments: the devil is not so black? (Part 1)

24 February 2020
Katarzyna STENCEL
As we announced towards the end of 2019, after discussing a couple of topics on fixed assets and provisions, we will now start a series of articles on financial instruments. Adopting a practical point of view, we would like to explain how to identify financial instruments, and then measure them and present them properly. To this end, we will need the provisions of the Accounting Act (hereinafter: AA) or the Regulation on Detailed Rules of Recognition, Valuation Methods, Scope of Disclosure and Presentation of Financial Instruments (Journal of Laws, item 277) (hereinafter: RMFIF), but also, or rather most of all, International Financial Reporting Standards (IFRS), primarily including IFRS 9, but also IFRS 7, IAS 32 and IAS 39.

IAS 37 vs. liabilities and provisions for liabilities

10 February 2020
Paulina PRUSIK
The consequences of applying the prudence principle and the matching principle involve recognising provisions and disclosing contingent liabilities. In practice, these areas stir a lot of controversy because of the danger of being subjective, so typical for any decision-making under uncertainty. In line with IAS 37, provisions are liabilities and must have all the characteristics of liabilities as being a balance sheet item.

Who is going to audit Public Interest Entities?

20 January 2020
An audit of public interest entities (PIE) is regarded as a high-risk audit not without reason. The higher requirements – which must be met by the audited companies, as well as their auditors – mainly arise from the fact that information in financial statements and in reports of an expert auditor may directly translate into share prices and, for smaller investors, is often the only source of data about a listed company.