2. Investor relations
  3. Financial centre
  4. Auditor

Auditor

The procedure for appointment of the audit firm by Giełda Papierów Wartościowych w Warszawie S.A. is defined in its internal document: Audit Firm Selection Policy and Procedures, drafted in accordance with:

  • Regulation 537/2014 on specific requirements regarding statutory audit of public-interest entities, and
  • Act of 11 May 2017 on Auditors, Audit Firms, and Public Supervision.

The document defines the maximum period in which an audit firm or a member of its network may provide audits of financial statements. The period is 10 years. After the end of the period, the audit firm or a member of its network may not be selected to audit financial statements of GPW for a period of another 4 years.

The selection of an audit firm is a responsibility of the Exchange Supervisory Board. The selection of an auditor is opened with a resolution of the Exchange Supervisory Board concerning the selection of an auditor. Next, audit firms are invited to submit offers. The Exchange Supervisory Board selects the offer of an audit firm following a procedure which ensures independent and equitable selection of the best offer according to a number of criteria (including experience and position of the audit firm, knowledge of the financial market, audit services provided to public companies, price of the service). The Audit Committee is responsible for presenting a recommendation of an audit firm to audit financial statements to the Exchange Supervisory Board. As the body responsible for the selection of the auditor, the Exchange Supervisory Board passes a resolution appointing the auditor. The Exchange Management Board signs the contract with the audit firm.

The entity authorised to audit the separate financial statements of GPW and the consolidated financial statements of the GPW Group for the financial year ended 31 December 2023 and to review the interim financial statements of GPW and the GPW Group in the year ended 31 December 2023 was KPMG Audyt spółka z ograniczoną odpowiedzialnością sp. k., with its seat in Warsaw at ul. Inflancka 4A, 00-189 Warsaw, entered by the National Chamber of Auditors in the list of entities authorised to audit financial statements, entry no. 3546. The contract for the audit and review of the Exchange’s separate financial statements and the Group’s consolidated financial statements was signed on 8 April 2021 for a period of three years.

Following the expiry of the agreement with the auditor, on 29 November 2023  the GPW Supervisory Board appointed the certified auditor for the audit of the financial statements of the Company and the consolidated financial statements of the capital group of the Company for the years 2024-2026.

The GPW Supervisory Board appointed BDO PL spółka z ograniczoną odpowiedzialnością sp. k., seated in Warsaw, adress Postępu 12 Street, registered in the register of statutory auditors kept by the Polish Audit Supervision Agency under the number 3355.

More information in the Current Report no. 21/2023.