Pursuant to § 18 paragraph 3 point 12 of the Company’s Articles of Association, selection of the statutory auditor to audit the company’s financial statements is the responsibility of the Supervisory Board. When selecting an audit firm, the Supervisory Board shall act on the basis of the criteria specified in the “Policy and procedure on selection of an audit firm to audit unconsolidated and consolidated financial statements”, as well as recommendations from the Audit Committee.
The purpose of the Policy is to ensure that the Supervisory Board selects an audit firm to carry out a statutory audit at Company adhering to the rules of: impartiality, independence, non-discrimination, professional ethics and auditing standards, as well as with respect for the rights of audit firms included in the list published by the Audit Supervision Commission pursuant to Article 91 of the Act of 11 May 2017 on statutory auditors, audit firms and public oversight.
With regard to the above, the company follows the general rules laid down in the Act on statutory auditors, audit firms and public oversight of 11 May 2017 (Journal of Laws 2017, item 1089) (the “Act”). Pursuant to Article 134 of the Act, the maximum period of uninterrupted duration of audit engagements referred to in Article 17(1), the second subparagraph of Regulation (EU) No 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC (OJ L 158 of 27.05.2014 and OJ L 170 of 11.06.2014, p. 66) with the same audit firm or an audit firm connected with such audit firm or any member of its network in the EU to which these audit firms belong, may not exceed 5 years. The key statutory auditor may not carry out statutory audits at the same public interest entity for a period longer than 5 years.
The auditor may carry out a statutory audit at the entity only after a cool-off period of at least three years after the last audit engagement.
Statutory auditors auditing the financial statements of XTPL S.A.
4AUDYT sp. z o.o.
ul. Kochanowskiego 24/1
Audit firm entered in the list of audit firms kept by the National Council of Statutory Auditors under reference number 3363
Annual financial statements
- 2017 (audit)