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On 24 April 2023, the National Accounting Council (“NAC”) approved an update to Interpretation No. I-8 Social Fund and Similar Funds Generated from Earnings...
This article is the first in our series on the new Accounting Act, where we would like to gradually introduce the principles and novelties arising from it.
On March 21, 2023, the National Accounting Standards Board approved an updated version of Interpretation I-8 Social Fund and Similar Funds Generated from...
In the course of the year 2022, there was a significant increase in interest rates and a simultaneous appreciation of the koruna against the euro. This...
We recently informed you that the latest interpretation of the National Accounting Council, I-48 Valuation of Assets and Liabilities in Transactions with a...
The auditor’s work does not end with an examination of the completed (audited) accounting period. It is also necessary to be consistent with events that...
The Financial Analytical Office (FAO) has issued a notice on the fact that credit and financial institutions, the gambling sector, the real estate sector,...
On January 16, 2023, the National Accounting Council (“NAC”) approved new Interpretation No. I-48, Valuation of Assets and Liabilities in Transactions with a...
I would like to follow up after some time on the previous two articles concerning liquidation of business corporations. In the first article , we introduced...
We begin by briefly explaining what consolidated financial statements are. Generally, consolidated financial statements mean the preparation of financial...
The topic of inventory tends to be repeatedly discussed near the end of the accounting period and for many companies it is an annual menace that is both...
On October 31, 2022, the National Accounting Council (NAC) approved an updated version of Interpretation I-16 related to the recognition of a separate...
The Chamber of Auditors of the Czech Republic (hereinafter the “CCA”) has published on its website its statement in connection with the proposal of the new...
On 26 October 2022, the website of the Ministry of Finance of the Czech Republic published information on the inter-ministerial comment procedure on the...
On 23 June 2022, the Ministry of Finance published its opinion on the accounting and budgetary treatment of certain facts related to Sberbank CZ, a.s.