Spółdzielczość mleczarska – specyfika ekonomiczna i rola rewizji finansowej w nadzorze korporacyjnym
Dairy cooperatives – economic features and the role of financial audit in corporate governance

Summary/Abstract: There are two primary objectives of this paper. The first one is to discuss the economic justification of existence of agricultural cooperatives, particularly in dairy sector. Cooperatives are entities with intrinsic economic features which cause challenges for corporate governance. The second objective is to demonstrate the conditions and role of financial audit. It is particularly important according do governance challenges in dairy cooperatives. Authors of the paper review the economic literature in the subject area and discuss the law regulations. Furthermore they confront findings with practical examples drawn from their experience of auditing dairy cooperatives in Poland. The results show that audit of financial statements conducted in a proper way could be helpful mechanism in corporate governance in the case of dairy cooperatives.

• Details
• Contents