The quality of financial statements is the fundamental issue in terms of the reliability of the accounting conducted by those who prepare them. Since the beginning of the 21st century, and with the growing concerns regarding the data released in financial statements, the development of methods for testing the quality of financial reporting has been of great and growing importance.
The aim of the article is to present financial statements as a source and basis for identifying and systematizing risks in the area of accounting. These risks reflect the threats and opportunities for enterprises' operations and are included in the data disclosed in the financial statements.
The studies conducted so far in Poland indicate not only the low environmental awareness of SMEs, but also incorrect reporting of their impact on the natural environment. What is more, in entities from this group, the environmental costs arising in the course of their business activity are undervalued.
The aim of the article is to present the changes in Polish accounting regulations in the last thirty years of the ongoing systemic transformation from socialism to capitalism, which began in Poland in 1989. The changes consisted in adjusting Polish regulations to the Directives of the European Union and to the International Accounting Standards and International Financial Reporting Standards.
Non-Earning Management Measures of The Quality of Financial Statements