Wybrane problemy działania komitetu audytu w jednostkach zainteresowania publicznego
Selected aspects of the functioning of audit committees in public interest entities

Summary/Abstract: The article presents the role of the audit committee in the system of control and supervision of finan-cial statements preparation and inspection, and formulates comments and conclusions about the cur-rent solutions. The analysis indicates that: ● inclusion of new elements (a public supervision body and an audit committee) in the supervision and control system of auditing resulted in making its structure multileveled and considerably complex ● due to significant differences between regulations of the Act on Auditing and recommendations and guidelines of other professional bodies and associations it seems justified to make amendments to the Act, taking into consideration opinions of other entities, like the National Board of Statutory Auditors, the Board of the Stock Exchange and the Polish Institute of Directors ● currently there is no objective method allowing the efficiency of the functioning of the committee to be assessed; until it is found, it seems justified to consider the currently used methods as significantly subjective. The main conclusion is that in order to improve the functioning of audit committees and their efficiency and effectiveness, it is advised to amend the present legislation, to examine the relationship between the established requirements and their fulfillment in practice, and to search for an objective method of assessing the activity of audit committees.

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