FACTORS HINDERING THE CONDUCT OF AUDITS OF CORPORATE SOCIAL RESPONSIBILITY REPORTS: EVIDENCE FROM POLAND

dc.contributor.authorBartoszewicz, Anna
dc.contributor.authorRutkowska-Ziarko, Anna
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2022-03-28T09:23:18Z
dc.date.available2022-03-28T09:23:18Z
dc.description.abstractThis article presents the results of empirical research conducted among audit firms in Poland regarding the factors hindering the provision of non-financial information verification and attestation services. The rapidly developing practice of non-financial reporting among socially responsible entities in Poland does not translate into the number of reports that are subjected to external audits. Despite the unquestionable need to confirm the reliability of non-financial data, services of this type are not provided by the majority of audit firms. The primary aim of the article is to identify the factors hindering the performance of audits of non-financial reports in Poland. The article identifies the entities operating in the Polish audit market in terms of selected features. The authors provided answers to three main research questions: What percentage of audit firms in Poland carry out the verification of non-financial reports? What is the size and the level of employment of audit firms in Poland? What factors hinder, in the auditors’ practice, the performance of audits of non- financial reports? To achieve the objective, a survey research was conducted among audit firms under the supervision of the Polish Agency of Audit Oversight. The theoretical basis of the article included a literature study on the audit of non-financial reports as well as an analysis of regulations governing this subject matter in Poland. This study is the first such review of factors that condition the use of such an important tool as an audit in non-financial reporting. The obtained study results indicate that only 2.3% of audit firms perform audits of CSR reports. The main factor that limits audit firms in the performance of this type of services is the low demand in this regard. Moreover, the audits of non-financial reports are limited by insufficient staff.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2022-1-002
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/163513
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.isbasedonAct No. 61/2017 Coll., on Accounting Act of Laws (Polish).
dc.relation.isbasedonAct No. 1089/2017 Coll., on Statutory Auditors, Audit Firms, and Public Oversight (Polish).
dc.relation.isbasedonAmerican Institute of Certified Public Accountants (AICPA). (1997). The Report of the Special Committee on Assurance Services. New York, NY: AICPA.
dc.relation.isbasedonBartoszewicz, A. (2018). Atestacja danych niefinansowych przedsiębiorstw społecznie odpowiedzialnych w świetle standaryzacji ISAE 3000 [Assurance service of non-financial data of social responsibility enterprises in the light of ISAE Standardization]. Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, 522, 305–316. https://doi.org/10.15611/pn.2018.522.22
dc.relation.isbasedonCoram, P., Monroe, G. S., & Woodliff, D. (2009). The Value of Assurance on Voluntary Nonfinancial Disclosure: An Experimental Evaluation. AUDITING: A Journal of Practice & Theory, 28(1), 137–151. https://doi.org/10.2308/aud.2009.28.1.137
dc.relation.isbasedonDal Maso, L., Lobo, G. J., Mazzi, F., & Paugam, L. (2020). Implications of the Joint Provision of CSR Assurance and Financial Audit for Auditors’ Assessment of Going-Concern Risk. Contemporary Accounting Research, 37(2), 1248–1289. https://doi.org/10.1111/1911-3846.12560
dc.relation.isbasedonDurand, R., Paugam, L., & Stolowy, H. (2019). Do investors actually value sustainability indices? Replication, development, and new evidence on CSR visibility. Strategic Management Journal, 40(9), 1471–1490. https://doi.org/10.1002/smj.3035
dc.relation.isbasedonErkens, M., Paugam, L., & Stolovy, H. (2015). Non-financial information. State of the art and research perspectives based on a bibliometric study. Comptabilité – Contrôle – Audit, 21(3), 15–92. https://doi.org/10.3917/cca.213.0015
dc.relation.isbasedonEuropean Union. (2014). Directive 2014/95/UE of the European Parliament and of the Council of 22 October 2014. Brussels: European Union.
dc.relation.isbasedonFărcaș, T. V. (2020). Study about the Implementation of the Directive 95/2014 in Romania – Legislative Perspective and the Actual Application. Audit Financiar, 18(2-158), 339–351. https://doi.org/10.20869/AUDITF/2020/158/009
dc.relation.isbasedonFijałkowska, J. (2013). Zestawienie ujawnień w raportach społecznej odpowiedzialności i zrównoważonego rozwoju przedsiębiorstw [Corporate Social Responsibility and Sustainable Development Report – Dilemmas of Disclosure]. Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, 311, 85–94.
dc.relation.isbasedonHummel, R., & Michalak, T. (2016). Korzyści z weryfikacji danych niefinansowych [Benefits of verifying non-financial data]. In S. Sroka (Ed.), Raportowanie niefinansowe Wartość dla spółek i inwestorów [Non-financial reporting. Value for Companies and Investors] (pp. 57–60). Warszawa: Stowarzyszenie Emitentów Giełdowych.
dc.relation.isbasedonKaspina, R. G., & Samoilova, N. O. (2020). Аудит нефинансовой информации [Audit of Non-financial Information]. Accounting. Analysis. Auditing, 7(4), 71–80. (In Russ.) https://doi.org/10.26794/2408-9303-2020-7-4-71-80
dc.relation.isbasedonKrasodomska, J. (2014). Informacje niefinansowe w sprawozdawczości spółek [Non-financial information in company reporting]. Kraków: Wydawnictwo UE w Krakowie.
dc.relation.isbasedonKrasodomska, J., & Zieniuk, P. (2021). Atestacja informacji niefinansowych: podstawy teoretyczne, standardy i praktyki spółek działających w Europie Zachodniej i Wschodniej [Assurance on non-financial reporting: theoretical underpinning, standards and practices of companies operating in Western and Eastern Europe]. Zeszyty Teoretyczne Rachunkowości, 45(1), 53–74. http://doi.org/10.5604/01.3001.0014.8350
dc.relation.isbasedonKutera, M., & Zyznarska-Dworczak, B. (2018). Narracja w sprawozdawczości – jak ją weryfikować? [Reporting narrative – how to verify it?]. Studia i Prace Kolegium Zarządzania i Finansów Szkoły Głównej Handlowej w Warszawie, 160, 99–111.
dc.relation.isbasedonLam, H., & Khare, A. (2010). HR’s crucial role for successful CSR. Journal of International Business Ethics, 3(2), 3–15.
dc.relation.isbasedonManetti, G., & Becatti, L. (2009). Assurance services for sustainability reports: Standards and empirical evidence. Journal of Business Ethics, 87(S1), 289–298. https://doi.org/10.1007/s10551-008-9809-x
dc.relation.isbasedonManetti, G., & Toccafond, S. (2012). The role of stakeholders in sustainability reporting assurance. Journal of Cleaner Production, 107(3), 363–77. https://doi.org/10.1007/s10551-011-1044-1
dc.relation.isbasedonMartínez-Ferrero, J., & García-Sánchez, I. M. (2018). The level of sustainability assurance: the effects of brand reputation and industry specialisation of assurance providers. Journal of Business Ethics, 150(4), 971–990. http://doi.org/10.1007/s10551-016-3159-x
dc.relation.isbasedonPucheta-Martinez, M. C., Bel-Oms, I., & Rodrigues, L. L. (2018). The engagement of auditors in the reporting of corporate social responsibility information. Corporate Social Responsibility and Environmental Management, 26(1), 46–56. https://doi.org/10.1002/csr.1656
dc.relation.isbasedonQuick, R., & Inwinkl, P. (2020). Assurance on CSR reports: impact on the credibility perceptions of non-financial information by bank directors. Meditari Accountancy Research, 28(5), 833–862. https://doi.org/10.1108/MEDAR-10-2019-0597
dc.relation.isbasedonRivière-Giordano, G. (2007). Comment crédibiliser le reporting sociétal? [How to give credibility to societal reporting?]. Comptabilité – Contrôle – Audit, 13(2), 127–147.
dc.relation.isbasedonSierra-Garcia, L., Garcia-Benau, M. A., & Bollas-Araya, H. M. (2018). Empirical Analysis of Non-Financial Reporting by Spanish Companies. Administrative Sciences, 8(3), 1–17. https://doi.org/10.3390/admsci8030029
dc.relation.isbasedonWiśniewska, J. (2015). Weryfikacja danych pozafinansowych w raportach CSR polskich spółek [Verification of Non-Financial Data in CSR Reports of Polish Companies]. Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, 396(2), 159–168. https://doi.org/10.15611/pn.2015.396.17
dc.relation.isbasedonWiśniewska, J., & Chojnacka, E. (2016). Weryfikacja danych pozafinansowych przedsiębiorstw odpowiedzialnych społecznie – wyniki badania ankietowego [Verification of non-financial data of socially responsible companies – the results of the survey]. Studia Ekonomiczne, 284, 97–107.
dc.relation.isbasedonZyznarska-Dworczak, B. (2016). Weryfikacja danych pozafinansowych w raportowaniu osiągnięć jednostek odpowiedzialnych społecznie [Verification of Nonfinancial Data in Corporate Responsibility Reporting]. Zeszyty Naukowe Uniwersytetu Szczecińskiego Finanse, Rynki Finansowe, Ubezpieczenia, 2(80), 525–532. https://doi.org/10.18276/frfu.2016.2.80/2-56
dc.relation.isbasedonThe Polish Agency of Audit Oversight website. (2020). General information about the Polish Agency of Audit Oversight – vision mission. (In Polish). Retrieved October 15, 2020, from https://pana.gov.pl/informacje-ogolne-o-pana-1/misja-wizja/
dc.relation.isbasedonDadacz, J. (2017). Rola biegłego rewidenta w odniesieniu do raportowania niefinansowego. [The role of the auditor in relation to non-financial reporting]. Ministry of Finance of Poland. Retrieved August 27, 2021, from https://mf-arch2.mf.gov.pl/ministerstwo-finansow/dla-mediow/wywiady/eksperci-mf/-/asset_publisher/P3qp/content/dyrektor-joanna-dadacz-rola-bieglego-rewidenta-w-odniesieniu-do-raportowania-niefinansowego-parkiet-6-grudnia-2017-r/pop_up?_101_INSTANCE_P3qp_viewMode=print
dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectauditen
dc.subjectnon-financial reportingen
dc.subjectCSRen
dc.subjectcorporate social responsibilityen
dc.subjectauditen
dc.subjectassuranceen
dc.subjectverificationen
dc.subject.classificationM42
dc.subject.classificationQ56
dc.titleFACTORS HINDERING THE CONDUCT OF AUDITS OF CORPORATE SOCIAL RESPONSIBILITY REPORTS: EVIDENCE FROM POLANDen
dc.typeArticleen
local.accessopen
local.citation.epage41
local.citation.spage24
local.facultyFaculty of Economics
local.filenameEM_1_2022_2
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue1
local.relation.volume25
Files
Original bundle
Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
EM_1_2022_02.pdf
Size:
508.21 KB
Format:
Adobe Portable Document Format
Description:
článek
Collections