Analiza kar nałożonych przez KNF na spółki notowane na GPW za nieprawidłowości w zakresie pomiaru utraty wartości aktywów
Analysis of the Penalties Imposed by the Polish Financial Supervision Authority on Companies Listed on the Warsaw Stock Exchange for the Non-Compliances in the Measurement of Impairment of Assets

Summary/Abstract: Purpose – The analysis of non-compliances and penalties concerning impairment of assets detected by the supervision authority in financial statements of companies listed on Warsaw Stock Exchange. Design/methodology/approach – The article consists of three parts. The first part contains the overview of literature concerning the impairment of assets in financial statements of companies listed on Warsaw Stock Exchange. The second and the third part is empirical and based on reports of Polish Financial Supervision Authority. The monographic method was used mainly in the first part, the second and third part is based on analysis of the source materials. Findings – The presence of numerous non-compliances in the field of the impairment of assets did not result in the imposition of penalties on many subjects. It has to be emphasized, that the non-compliances include lack of update of assets value or inappropriate disclosures, but not many penalties are imposed for insufficient range of information in accounting policy or notes. Originality/value – The literature pays a lot of attention to the issue of impairment of assets, but there is only a few empirical analysis of this subject. Articles concerning detected non-compliances and penalties in the area of impairment of assets on the Polish capital market are not widespread. Article complements this gap.

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