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Impairment of assets and the cost of capital is the linkage of financial and accounting management (Utrata wartosci aktywow i koszt kapitalu - powiazanie rachunkowosci finansowej i zarzadczej)

Author

Listed:
  • Michal Ambroziak

    (Pracownia Analizy Ekonomicznej, Katedra Finansów i Rachunkowosci, Wydzial Zarzadzania Uniwersytetu)

  • Adam Chmielewski

    (Pracownia Rachunkowosci i Rewizji Ksiegowej, Katedra Finansów i Rachunkowosci, Wydzial Zarzadzania Uniwersytetu Warszawskiego)

Abstract

The article analyses the influence of audit committee existence on quality of the external audit. The authors discuss the thesis that the audit committee considerably increases the value of the external audit. Firstly, because it increases the reliability of accounting system and decrease the risk of the audit. Secondly, because the permanent supervision of audit activities and reports positively influence quality of the financial statement revision. The article is based upon the results of research made in USA, western Europe and Poland and also upon literature and authors' personal experiences.

Suggested Citation

  • Michal Ambroziak & Adam Chmielewski, 2011. "Impairment of assets and the cost of capital is the linkage of financial and accounting management (Utrata wartosci aktywow i koszt kapitalu - powiazanie rachunkowosci finansowej i zarzadczej)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 9(34), pages 211-220.
    • Handle: RePEc:sgm:pzwzuw:v:9:i:34:y:2011:p:211-220
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    References listed on IDEAS

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