Audit

Survey on electronic invoicing and automated invoice processing

Survey on electronic invoicing and automated invoice processing

Dear Clients, we would like to invite you to participate in a survey on electronic invoicing and automated invoice processing conducted by Grant Thornton Hungary and Central European countries such as the Czech Republic, Slovakia, Germany, Austria…
Chamber of Auditors on the draft of the new Accounting Act – changes to the statutory audit

Chamber of Auditors on the draft of the new Accounting Act – changes to the statutory audit

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 accounting act, which is being prepared by the Ministry of Finance of the Czech Republic to…
Publication of the new draft Accounting Act

Publication of the new draft Accounting Act

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 draft Accounting Act. The Ministry of Finance has drafted a bill that is intended to represent a…
Opinion of the Ministry of Finance on Sberbank

Opinion of the Ministry of Finance on Sberbank

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. The Opinion deals with the Time of Realization of an Accounting Case. The case here is the…
Disclosure of financial statements - what happens if I do not disclose?

Disclosure of financial statements - what happens if I do not disclose?

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 Accounting (hereinafter referred to as the “AA”) defines the content and scope of the financial…
Accounting for cryptocurrencies under IFRS and in the Czech environment, the impact of cryptocurrency volatility on financial statements

Accounting for cryptocurrencies under IFRS and in the Czech environment, the impact of cryptocurrency volatility on financial statements

Introduction As everyone has surely noticed, the development of cryptocurrencies has become a significant part of the financial markets in recent years. Investing, mining, staking, buying commodities or trading in cryptocurrencies is becoming…
Report on relations – are you compiling it correctly?

Report on relations – are you compiling it correctly?

The Report on Relationships within a Group of Companies (hereinafter the “Report”) is a document, the preparation of which usually is not popular among companies, not only because of the sensitive nature of the disclosed data, but also due of its…
The “Covid Era” or the failure of internal controls

The “Covid Era” or the failure of internal controls

With the onset of the new “Covid era” and the expansion of home office work, previously unknown to many of us, the topic of appropriate setup of internal controls for companies that have been operating on “paper” basis and not only for them has…
« Previous page
12347912