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On 20 October 2025, the Chamber of Auditors of the Czech Republic (hereinafter the “CCA”) issued information relating to the obligation/non-obligation to...
On 2 September 2025, Act No. 316/2025 was promulgated in the Collection of Laws, which contains the changes that were adopted (and have been discussed for...
The Chamber of Deputies is currently considering a draft amendment to Act No. 563/1991 Coll., on Accounting. The main topic is, among other things, the...
In the context of the preparation of consolidated financial statements, the topic of whether selected accounting entities are required to prepare a cash flow...
At the end of 2023, an amendment to European Union Directive 2013/34/EU came into force, which changes the criteria for categorising accounting entities. The...
The term statutory auditor is used for companies that are subject to audit under Act No. 93/2009 Coll. on Auditors (hereinafter “the Act”). A statutory...
The Ministry of Finance of the Czech Republic has confirmed on its website the conclusions of the meeting of the government coalition on the changes within...
In this article we would like to summarize the basic information regarding the annual financial report, i.e. who prepares the report and how it differs from...
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...
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...
Financial statements are a set of documents that an entity prepares primarily as of its balance sheet date. Article 18 of Act No. 563/1991 Coll. on...
The topic of this article is the physical inventory count in business activity. Inventory count is a current topic in this period, because for most companies...