Abstract:

The financial auditing system in Poland has undergone significant changes in recent years, which largely result from the need to include solutions contained in European Directives. The article analizes the functions of statutory audits.

The main objective of this study is the analysis of all kinds of statutory auditor opinions and reports disclosed by companies listed on the Warsaw Stock Exchange and the determination of the relevant information contained in the opinions and reports disclosed by the listed companies.  Thus defined, the main goal allows identification of the specific purposes, which include:

• Characterization of the types of opinions by experts examining the financial statements of listed companies in the years 2005-2020,
• identification reasons for the issue of qualified opinions in the analyzed sample,
• identification of those reports in which the auditor gives quantitative results of the threat to continuing operations (e.g. Altman’s or Hołda’s method),

In order to achieve the main objective and the specific purposes, opinions and reports of expert auditors for 28 of listed companies in the years 2005-2020 will be analyzed. The results obtained suggest that the majority of opinions are unqualified opinions (which in some cases contain additional explanations).