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Our knowledge and experience are your keys to success in the business world. We invite you to regularly read articles on topics such as accounting, HR and payroll, law, taxes, finance, and management. Stay up to date with what matters for your company!

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Entrepreneur's Compass
Zarząd firmy analizujący dane finansowe przed zatwierdzeniem sprawozdania finansowego
Anna Włodarczyk

What Are the Consequences of Not Approving Financial Statements

Approving annual financial statements is one of the key obligations for entities subject to the Polish Accounting Act. Under Article 53(1) of the Act, annual financial statements must be approved no later than six months after the balance sheet date — which, in most cases, means by 30 June.