June 14, 2021 2 min read
The European Financial Reporting Advisory Group (hereinafter EFRAG) updated the report on endorsement of the IFRS (International Financial Reporting Standards) on 7 May 2021. In this context, it is not only an endorsement of the individual standards of international financial reporting, but also of the individual interpretations and their amendments.
You can find more information on the EFRAG website here.
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.
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