An auditing company that audits financial statements

Annual Report 2017 > Corporate Governance > An auditing company that audits financial statements
Highlights 2017

Corporate Governance

Building an organizational culture featuring special respect to the personal dignity of employees
Building an organizational culture featuring special respect to the personal dignity of employees
Collection of good practices as the foundation of ethical standards in the PZU Group in all key aspects of its activities
Collection of good practices as the foundation of ethical standards in the PZU Group in all key aspects of its activities
Video broadcasts from results conferences and corporate events
Video broadcasts from results conferences and corporate events
Anti-corruption program aimed at limiting the risk of corruption and eliminating corruption phenomena
Anti-corruption program aimed at limiting the risk of corruption and eliminating corruption phenomena
Efficient and employee-friendly system of reporting abuses and irregularities
Efficient and employee-friendly system of reporting abuses and irregularities
Promotion of diversity and care for equal treatment of employees
Promotion of diversity and care for equal treatment of employees
Reference Areas:
Health
Investments
Banking
Best Pratices in PZU

On 18 February 2014, the PZU Supervisory Board selected KPMG Audyt Spółka z ograniczoną odpowiedzialnością Sp.k. with its registered office in Warsaw, ul. Inflancka 4A, 00- 189 Warsaw, entered by the National Chamber of Statutory Auditors in the list of entities authorized to audit financial statements under no. 3546 as the entity authorized to audit financial statements for the years 2014-2016, and on 27 April 2017, the PZU Supervisory Board exercised the option of extending this cooperation to include the years 2017 - 2018.

The scope of the concluded agreement encompasses the following in particular:

  • auditing PZU’s annual standalone financial statements and the PZU Group’s annual consolidated financial statements;
  • review of PZU’s interim standalone financial statements and the PZU Group’s interim consolidated financial statements.

In recent years, PZU’s additional cooperation with KPMG Audyt has covered, without limitation, audits of solvency and financial standing reports required by the Solvency II Directive.

Fee charged by the entity authorized to audit PZU financial statements
(PLN thousands)
1 January – 31 December 20171 January – 31 December 2016
compulsory audit of the annual financial statements / consolidated financial statements4 9501 365
other certifying services, including a review of the financial1 7931 350
tax advisory services-
other services27
Total6 7432 742
    

Fee charged by the entity authorized to audit PZU Group
financial statements (PLN thousands)
1 January – 31 December 20171 January – 31 December 2016
audit of the financial statements7 6732 120
other certifying services3 5683 440
Total11 2415 560
  

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