The role of internal audit in the Polish Insurance Companies in context of the implementation of the Solvency II project

Magdalena Chmielowiec-Lewczuk


The purpose of this article is therefore to examine the likely impact of Solvency II on the role of internal auditing in insurance companies in Poland. The Solvency II project aims to introduce new rules for insurance companies related to risk management problem that will present itself primarily in the form of new rules for the preparation of reports and financial statements. Research will be conducted on the basis of literature, which will determine the scope of the audit area and its role, and based on data and studies prepared by The Polish Financial Supervision Authority, which is responsible for the implementation of the Solvency II project. After analyzing the scope, objectives and audit functions as well as the requirements of the Solvency II Directive can be concluded that they are very strong interlinked, and that the introduction of that project will lay tighter range of activities and highlight the role of internal audit and internal control. The Solvency II will result in increasing the role of audit and internal control, extending the scope of the audit and internal control and clarifying the scope of cooperation between different areas of risk management and to consolidate and harmonize certain activities related to this
Author Magdalena Chmielowiec-Lewczuk (MISaF / IR / KRC)
Magdalena Chmielowiec-Lewczuk,,
- Katedra Rachunku Kosztów, Rachunkowości Zarządczej i Controllingu
Publication size in sheets0.5
Book Martinavičius Jonas (eds.): Accounting, Audit, Analysis: Science, Studies and Business Synthesis.Research papers of international scientific conference held on October 15–16, 2015 at Vilnius University, Faculty of Economics, to mark 70th anniversary of Accounting and Audit Department , 2015, Vilnius University Publishing House, ISBN 978-609-459-584-4, 475 p.
Keywords in Englishinsurance companies, audit, solvency
Languageen angielski
Score (nominal)5
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