Nadzór nad wypełnianiem obowiązków informacyjnych przez emitentów papierów wartościowych prowadzony w 2022

The Polish Financial Supervision Authority (KNF) has issued a press release to announce that is has published a Report on the financial disclosures of issuers in 2022. The report presents information on the findings of the Authority from its recent review of (financial) disclosures, thereby addressing selected financial reporting issues, to which attention should be drawn when preparing financial statements for subsequent reporting periods. It also summarizes the KNF’s expectations regarding the assessment of certain crisis situations and the presentation of these assessments in the financial statements (e.g. situation in the Ukraine, high level of inflation, and the economic downturn and in this context adjustments of revenue expectations and the economic outlook of a firm). Focus is also put on the treatment of cryptocurrencies in the financial statements, the disclosure of climate-related information, and the presentation of the material in ESEF format (European Single Electronic Format).
The report is addressed to users of financial statements, issuers, and statutory auditors alike and shall function as a guidance on how to prepare adequate, truthful, and comprehensive disclosures, including financial statements.