A financial statement is drawn up as at the day of closing the books, in the Polish language and in the Polish currency. The financial statement of the below mentioned units is subject to an annual audit:
- banks and insurance companies;
- units acting on the basis of the provisions on trading in securities and provisions on investment funds;
- joint-stock companies, exclusive of companies in organization on the balance sheet day;
- other units which in the preceding accounting year for which the financial statement was drawn up, fulfilled at least two of the following conditions:
- average annual employment expressed in full-time posts amounted to at least 50 persons,
- the sum of the assets in the balance sheet as at the end of the accounting year constituted a PLN equivalent of at least EUR 2,500,000,
- the net income from the sale of goods and products and financial operations for the accounting year constituted a PLN equivalent of at least EUR 5,000,000.
The audited financial statement together with the opinion of a statutory auditor and the resolution on approval of the annual financial statement and distribution of profit or coverage of loss are submitted to the appropriate court register by the head of the unit.
