Audit

Archiving documents

Archiving documents

I do not know, how it is at your company, but at ours, the summer time is not only a time to rest and draw a breath after more than half a year of a marathon related to financial statements, tax return and audits, but also the time for cleaning,…
IFRS 15 – Revenues from Contracts with Customers  or New rules for reporting revenues came in operation on 1 January 2018

IFRS 15 – Revenues from Contracts with Customers or New rules for reporting revenues came in operation on 1 January 2018

The accounting period beginning after 1 January 2018 is the first period, in which accounting entities drawing up an accounting statement according to IFRS will use the new rules for reporting revenues. We are convinced that accounting entities that…
General meeting for approving the financial statement

General meeting for approving the financial statement

June, for most of us, is the time of beginning summer, approaching holidays and leave from work. Statutory bodies of companies with the accounting period of calendar year should not ignore the duty of calling a general meeting for the purpose…
Consolidated Financial Statements - What should concern you?

Consolidated Financial Statements - What should concern you?

On January 1, 2016, the new lower limits for the mandatory preparation of consolidated financial statements entered into force. As a result, the number of entities that have to compulsorily prepare consolidated financial statements increased and…
Consolidation – How to do it

Consolidation – How to do it

A consolidate financial statement portrays the financial situation of a group of companies as one whole. To find out more, you can read an interview with Alice Šrámková.  The user of the financial statement thus obtains information of far greater…
Audit and the work of an auditor

Audit and the work of an auditor

The term “audit” has been mentioned very often recently. On the general level, this term now conceals a number of various services, from financial audit, to quality audit, forensic audit, up to environmental impact audit or security audit. In…
QUALITY INTERNAL CONTROL SYSTEM, QUALITY SLEEP

QUALITY INTERNAL CONTROL SYSTEM, QUALITY SLEEP

  A natural disposition of every management of a company is to create such a management tool that would prevent the emergence of unexpected losses as much as possible. In it, the management combines the need for creation of rules and procedures with…
Newsletter for the second quarter 2017

Newsletter for the second quarter 2017

AUSTRIA Split transport The VAT exemption for an iC supply acc. to Art. 7 (1) of the Austrian VAT Act is granted under the condition that inter alia the goods are dispatched or transported from one Member State to another Member State either by or…