GT News

On September 14, 2026, the National Accounting Board (Národní účetní rada – NÚR) approved the final text of a new Interpretation concerning the determination of the timing of revenue recognition.

How to properly maintain the accounting records of a cross-border branch, manage foreign exchange conversions, and integrate its data into the founding entity's financial accounting.

In mid-September 2026, the National Accounting Board (Národní účetní rada – NÚR) approved a draft interpretation relating to Joint Ventures / Simple Partnerships (Společnost under the Czech Civil Code, formerly known as sdružení / unincorporated associations) for external public consultation.

The National Accounting Council (hereinafter "NÚR") is an independent expert institution composed of professionals from the Chamber of Auditors of the Czech Republic, the Chamber of Tax Advisors of the Czech Republic, the Union of Accountants of the Czech Republic, and the Faculty of Finance and Accounting at the University of Economics in Prague.

In mid-August 2026, a government bill amending Act No. 563/1991 Coll., on Accounting, and Act No. 93/2009 Coll., on Auditors, was submitted to the Chamber of Deputies as parliamentary print 279/0.

Unpublished Financial Statements: An Unnecessary Risk That Does Not Pay Off

In the second half of April 2026, the National Accounting Council (hereinafter " NAC ") approved a draft interpretation regarding the determination of the...

The popularity of cryptocurrencies has surged in recent years, leading more companies to consider how to report these digital currencies in their financial...

The ongoing evolution of economic conditions and the geopolitical environment brings a level of uncertainty that must be carefully reflected in financial...

The National Accounting Council (NAC) has approved Interpretation I-53 , which addresses the valuation of securities and equity interests using the equity...

In April 2024, the International Accounting Standards Board (IASB) issued the new standard IFRS 18 Presentation and Disclosure in Financial Statements . This...

In this article, we would like to introduce two recent updates in the field of IFRS: the amendment to IAS 21 and the IASB illustrative examples .

The IASB (International Accounting Standards Board) has introduced the new standard IFRS 20 Regulatory Assets and Regulatory Liabilities , which is set to...

At the end of February, the National Accounting Council (NÚR) approved a draft interpretation for the public comment period regarding the valuation of...

On March 12, 2026, the Chamber of Deputies discussed the new Accounting Act in its first reading. This is landmark legislation that will replace the existing...

On February 5, 2026, the Supreme Administrative Court (SAC) issued a decision (Case No. 6 Afs 122/2025 – 30) regarding the failure of an accounting entity to...