53. Information on the entity authorized to audit the financial statements

On 26 January 2017, based on § 15.1.4 of the Bank’s Articles of Association, the Supervisory Board of PKO Bank Polski SA selected KPMG Audyt Spółka z ograniczoną odpowiedzialnoscią spółka komandytowa as the audit firm authorized to audit and review the financial statements of the Bank and the consolidated financial statements of the PKO Bank Polski SA Group for the years 2017-2019. The same entity had audited the Bank’s and the Group’s financial statements for the years 2015-2016. KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa with its registered office in Warsaw, ul. Inflancka 4A is entered in the list of audit companies maintained by the National Board of Registered Auditors with the number 3546. On 12 April 2017, the Bank concluded another agreement with KPMG for the audit and review of the financial statements of the Bank and of the Bank’ Group for the years 2017-2019.

Based on the Supervisory Board’s declaration, the Management Board states that the appointment of the audit firm, KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa, to audit the Bank Group’s consolidated financial statements for the year ended 31 December 2019 and the Bank’s financial statements for the year ended 31 December 2019 (Audit) was made in accordance with the provisions of the law and the internal rules of the Bank accepted by the Supervisory Board on the appointment of the audit firm, which were in force as at the date on which the choice was made. Simultaneously, based on the Supervisory Board’s declaration, the Management Board states that:

• the audit firm, KPMG, and the members of the team conducting the Audit satisfied the conditions for preparing an impartial and independent Audit report, in accordance with the generally applicable provisions of the law, standards of practising the profession and principles of professional ethics;
• the generally binding provisions of the law related to the rotation of audit firms and the key registered auditor auditing the Group’s consolidated financial statements and the Bank’s financial statements, and the related periods of grace and procedure are observed at the Bank;
• the Bank has a policy on and a procedure for the selection of audit firm for auditing the Bank’s and the Group’s financial statements, as well as a policy on the provision of admissible non-audit services by the audit firm conducting the audit, affiliates of that audit firm and a member of the network of audit firms, to the Bank and companies from the Bank’s Group, including services that are conditionally released from the prohibition of provision of services by the audit firm.

Moreover, on 13 December 2018, pursuant to § 15 clause 1 point 2 of the Bank’s Articles of Association, the Bank’s Supervisory Board selected PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp. k. (hereinafter PWC) as the audit firm to audit and review the financial statements of the Bank and of the Bank’s Group for the years 2020-2021. PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp. k. with its registered office in Warsaw, ul. Polna 11 is entered in the list of audit companies maintained by the National Board of Registered Auditors with the number 144. On 24 January 2019, the Bank concluded an agreement with PWC for the audit and review of the financial statements of the Bank and of the Bank’ Group for the years 2020-2021.