Grupa Kapitałowa Grupa Azoty
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At Grupa Azoty Zakłady Azotowe Puławy S.A., the rules governing the change of the auditor are defined in the Policy for selection of the audit firm to audit financial statements of Grupa Azoty Zakłady Azotowe Puławy S.A. In accordance with the Policy:

  1. The Company is a public interest entity within the meaning of the Act on Statutory Auditors, as well as the parent of its Group.
  2. The Company’s and the Group’s financial statements are subject to statutory audit and review by audit firm, in accordance with the applicable laws, Polish Financial Auditing Standards and International Standards on Auditing.
  3. The same audit firm or an audit firm associated with that audit firm or any member of the network operating in the Member States of the European Union to which the audit firms belong may be continuously engaged to carry out statutory audits for up to five years.
  4. The lead auditor may not conduct statutory audits at the same public interest entity for more than five years.
  5. The lead auditor may again conduct a statutory audit at a public interest entity after at least three years following the end of the last statutory audit performed by it.
  6. The first contract for the audit of financial statements should be concluded with an audit firm for a period not shorter than two years, with an option to extend the term for further periods of at least two years. The aggregate duration may not exceed five years.
  7. The Policy, adopted by the Company’s Supervisory Board, is to be implemented at the Group companies.