IFRS and regulation of accountancy in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F15%3A%230000797" target="_blank" >RIV/26138077:_____/15:#0000797 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
IFRS and regulation of accountancy in the Czech Republic
Original language description
Since the 2005 the firms listed on the regulated capital markets in the EU are required to prepare their financial statements in accordance with the IFRS. The adoption of IFRS was intended to improve the accounting information quality, to ensure greatercomparability and transparency of financial reporting, to reduce information asymmetry, and to improve the quality of information for its users. Despite of these positive expectations, the implementation of IFRS into Czech accounting legislation and itspractical use in terms of Czech companies is very low and slow. The causes of this fact can be seen on many levels. The aim of this article is to discuss the form of IFRS implementation into the Czech accounting system and the main reasons of the lack ofinterest in IFRS with a special attention to the area of SMEs.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Financial markets within the globalization of world economy
ISBN
978-80-7408-124-8
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
140-150
Publisher name
Vysoká škola finanční a správní
Place of publication
Praha
Event location
Praha
Event date
Jan 1, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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