Herdan, Agnieszka ORCID: https://orcid.org/0000-0002-6514-2021 (2004) Przeslanki i mozliwosci dywersyfikacji uslug swiadczonych przez przez bieglych rewidentów / The possibilities to diversify services provided by the auditors. Zeszyty Teoretyczne Rachunkowosci / Scientific Journal of Accounting, 21 (77). pp. 76-95. ISSN 1641-4381 (Print), 2391-677X (Online)

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Abstract

The primary role auditors are to review financial statements. However, changes that occur in the economic environment, the range of services provided by auditors are systematically expanding. Increasingly complex regulations in the field of tax and financial law, etc., result in growth in the demand for consultancy services. Auditors strive to demonstrate great flexibility in adapting to the needs of clients. The accession of Poland to the European Union opens the Polish market of audit services for European companies. The growing number of entities offering audit services with a decreasing number of entities subjected to the compulsory audit will exacerbate competition and the need to seek additional sources of income. Polish regulations allow statutory auditors to provide additional services of both a certifying and non-certifying nature. Some of the additional services are reserved only for the group of statutory auditors, eg review of financial statements, examination of the electoral report, audit of the accounting and operations of the limited liabilities company. Others may also be performed by non-auditors, such as tax consultancy, bookkeeping services, and liquidation proceedings. It can be anticipated that some of the services provided by statutory auditors will not be as closely related to the audit of financial statements in the future, but will also include reporting and validation of reports on the socio-ethical dimension of business operations and the impact of their operations on the natural environment. International experience shows that uncontrolled diversification of audit services on a large scale not only raises a lot of controversies but often also leads to tragedies.

Item Type:	Article
Uncontrolled Keywords:	audit, financial reporting, consltancy services
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of Accounting & Finance
Last Modified:	19 Dec 2018 16:35
URI:	http://gala.gre.ac.uk/id/eprint/22309

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