Abstract:

Accounting Act of September 29, 1994, as amended on January 1, 2017 implements the requirement to adapt Polish legislation to the purposes specified in Directive 2014/95/EU of the European Parliament and of the Council of 22 October 2014 amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups. The amended Act on accounting obliges selected economic entities to publish in the report of operations, apart from financial information, also a specific type of non-financial information. The article looks for answers to the question about changes in Polish legislation that would allow for better achievement of the objectives formulated in Directive 2014/95/EU.  The legal regulation is not exhaustive and leaves entities free to interpret and publish this type of information. Hence, reports of operations are characterized by diversity that evolves over time and organization, and as such is criticized in the literature on the subject. This results in the provision of information and data that insufficiently reward business entities in conducting sustainable business may contribute to making inappropriate investment decisions. At the same time, the criticism of the doctrine of finance was mitigated by the postulates for further research on the part of both the doctrine of finance and financial law in order to further support legislative activities.