ReportPCF Group
Report on the Review of the Condensed Interim Consolidated Financial Statement: 2021
2 pages~3 min full read
Key insights
8 slides
Method used
The review used analytical procedures and inquiries rather than a full audit.
The engagement involved inquiry procedures directed at financial and accounting personnel, analytical review procedures, and other review activities. The scope is limited compared to a full audit.
Page 1 of the report- 01Inquiry proceduresDirected at financial and accounting personnel.
- 02Analytical reviewProcedures applied to the financial statements.
- 03Other activitiesAdditional review activities performed.
Assurance limit
Reviewers did not provide an assurance opinion on all material matters.
Because the review scope was limited, the reviewers cannot express an assurance opinion that all material matters have been identified and disclosed.
Limitation. The auditors did not provide an assurance opinion regarding the identification of all material matters.
Sign-off
Licensed auditor Jan Letkiewicz signed the final review report.
The report is signed by Jan Letkiewicz, a licensed auditor, and dated 29 September 2021. The conclusion states that nothing was found to indicate non-compliance with IFRS 34.
Standards applied
The review was conducted under Polish National Standard 2410.
Polish National Standard 2410 is equivalent to the International Standard on Review Engagements. The statements were prepared in accordance with IFRS 34, as required by European Commission regulations.
Coverage
The review covered five statements for the first half of 2021.
The review covered the group’s condensed consolidated statements of financial position, income, other comprehensive income, changes in equity, and cash-flow information. The period covered is the first half of 2021.
Page 1 of the report- 01Financial positionCondensed consolidated statement of financial position.
- 02IncomeCondensed consolidated statement of income.
- 03Comprehensive incomeCondensed consolidated statement of other comprehensive income.
- 04Equity and cash flowChanges in equity and cash-flow information.
What it means
The review provides limited assurance rather than a full audit opinion.
The review scope is limited compared to a full audit. Reviewers cannot express an assurance opinion that all material matters have been identified and disclosed.
Assurance level. Because the review scope was limited, the auditors did not provide an assurance opinion regarding the identification of all material matters.
Compliance status
No material non-compliance with IFRS 34 was identified in the review.
The conclusion states that nothing was found to indicate that the condensed interim consolidated financial statements were not prepared in all material respects in accordance with IFRS 34. The statements were prepared as required by European Commission regulations.
Document facts
The report was published by PCF Group and dated 29 September 2021.
The report presents the conclusion of a review conducted by Grant Thornton Frąckowiak on PCF Group Spółka Akcyjna. The report is signed by Jan Letkiewicz, a licensed auditor, and dated 29 September 2021.
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Summary
The report presents the conclusion of a review conducted by Grant Thornton Frąckowiak on the condensed interim consolidated financial statements of PCF Group Spółka Akcyjna for the period ending 30 June 2021. The review covers the group’s condensed consolidated statements of financial position, income, other comprehensive income, changes in equity and cash‑flow information for the first half of 2021. The statements were prepared in accordance with International Financial Reporting Standard 34 on interim financial reporting, as required by European Commission regulations.
The review was performed under Polish National Standard 2410, equivalent to the International Standard on Review Engagements. The engagement involved inquiry procedures directed at financial and accounting personnel, analytical review procedures, and other review activities. The scope is limited compared to a full audit; therefore, the reviewers cannot express an assurance opinion that all material matters have been identified and disclosed.
The conclusion states that nothing was found to indicate that the condensed interim consolidated financial statements were not prepared in all material respects in accordance with IFRS 34. The report is signed by Jan Letkiewicz, a licensed auditor, and dated 29 September 2021.
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