AUDIT COMMITTEES IN STRUCTURES SUPERVISORY BOARD - SEVERAL YEARS EXPERIENCE

The article examines the current state of functioning of audit committees within the framework of the supervisory boards of public companies, so companies that are statutorily obliged to create such committees. According to research presented in the article, only about 40% public companies formed audit committees. The remaining 60% of the entities have benefited from their capabilities to set when the board of directors consists of not more than five members - they are called small boards. In such a situation, the entire board of directors takes over the duties and responsibilities of the audit committee. According to the author of this paper, audit committees in Poland are unnecessary. The very fact that they have no decision-making powers, but only advisory and consultative causes are seen as unnecessary, and their activity does not bring any added value. It should also be emphasized that a legal duty has been the establishment of audit committees in Poland imposed by EU legislation, which causes further their duration is inevitable