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      At KPMG, we have one of the largest and most specialized departments dealing with the audit of financial institutions in Poland. We offer audits of financial statements in accordance with PAS and IFRS, advanced data analysis using tools such as eAudit, IDEA, Clara, and MUS, as well as support in SFCR audits since 2016, including dry run projects prior to the implementation of Solvency II. Our goal is to conduct audits in an effective, precise, and predictable manner—for the benefit of Management Boards, Supervisory Boards, and Audit Committees.

      What is a financial institution audit and why is it so important?

      Auditing financial institutions is not just about examining financial statements – it is a comprehensive verification of the reliability of reporting, control systems, and regulatory compliance. KPMG has been providing such services since 1998, covering banks, insurance companies, investment funds, brokerage houses, leasing companies, and asset management companies. 

      Challenges for companies related to financial institution audits

      • Complexity of regulations (PSR, IFRS, Solvency II Directive, SFCR, PCAOB)
      • The need for transparent practices and capital reporting (e.g., Pillar III)
      • Big data integration and analysis of operational and actuarial risks
      • High expectations of supervisory authorities, management boards, and audit committees for no surprises in audit results
      • The need to respond quickly to regulatory and technological changes, including process digitization

      What are the benefits of choosing KPMG as your auditor? 

      • Certainty and transparency

        An audit without surprises thanks to preliminary visits and ongoing communication with management/committees.

      • Effectiveness and precision

        Advanced analytical tools (eAudit, IDEA, Clara, MUS) optimizing audit time and quality.

      • Comprehensive regulatory support

        SFCR audit, assessment of control systems, capital disclosures, Pillar III compliance, investment valuation.

      • Team competence

        Over 100 experts: certified auditors (PIBR, CPA, ACCA), actuaries, FRM, CISA, ITIL, CIA, Prince2, tax advisors.

      • Market trust

        Many years of experience, industry leader, precise communication, and global know-how.

      KPMG support

      • Preliminary analysis of the client's environment, regulations, and changes in accounting/auditing standards
      • Audit of financial statements in accordance with national standards, IFRS, PCAOB (for banks), and SFCR (for insurance companies)
      • Dry run tests prior to SFCR/Solvency II – simulations to help prepare the client for changes
      • Attestation services – assessment of client asset storage (Ministry of Finance Regulation 2018), capital disclosure compliance (Pillar III), assessment of fund valuation methods, fund risk management systems
      • Advanced data analysis – use of eAudit, IDEA, Clara, MUS for in-depth analysis of large volumes of data
      • Ongoing communication – reporting to the Management Board, Supervisory Boards, and Audit Committees during the audit, in accordance with the “no surprises” principle
      • Support from multidisciplinary experts – FRM, CISA, ITIL, CIA, tax advisors, actuaries, project managers
      groups

      About us

      Our team consists of over a hundred experienced professionals from the financial sector: certified auditors (PIBR, CPA, ACCA), licensed actuaries, tax advisors, and IT and risk specialists. We operate in accordance with the highest standards – we use global methodologies, tools, and access to KPMG's best practices. As founders of the KPMG Board Leadership Centre, we place great emphasis on transparency and communication with Audit Committees.

      KPMG is an award-winning auditor – a leader in rankings (including Rzeczpospolita, Parkiet), present in audits of the largest companies on the Warsaw Stock Exchange.

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      Learn more about how KPMG's knowledge and technology can help you and your business.

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      Our experts

      Marta Zemka

      Partner, Head of Audit

      KPMG in Poland