The development of the role of the statutory audit in the transitional Polish economy
The paper presents an analysis of the short form statutory audit reports relating to Polish listed companies from 1992 to 1996 inclusive (over 200 reports) and a sample of unlisted business entities for 1992, 1993 and 1995 (over 1,100 reports). The analysis focuses upon segmentation in the market for audit services as between foreign and domestic auditors; evolving attitudes to corporate governance as revealed through the addressees of short form statutory audit reports; the perceived nature of the statutory audit task as revealed in the incidence and nature of qualified audit opinions and explanatory notes to the unqualified opinions. The analysis confirms that Polish statutory audit regulation in relation to the short form audit report is comparable de jure to Western European norms. However, de facto, fewer going-concern qualifications are observed than may be expected in a society undergoing the economic restructuring implicit in the transition from a command to a market economy. In economic conditions characterized by high levels of systemic instability associated with the transition process, individual statutory auditors understandably eschew commercial judgements and focus on the legality of the accounting record. Such opinions may nevertheless be of value in a transitional economy.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 7 (1998)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/REAR20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/REAR20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Derek Bailey, 1995. "Accounting in transition in the transitional economy," European Accounting Review, Taylor & Francis Journals, vol. 4(4), pages 595-623.
- Danuta Krzywda & Derek Bailey & Marek Schroeder, 1995. "A theory of European accounting development applied to accounting change in contemporary Poland," European Accounting Review, Taylor & Francis Journals, vol. 4(4), pages 625-657.
When requesting a correction, please mention this item's handle: RePEc:taf:euract:v:7:y:1998:i:3:p:407-440. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.