To the Position of the Accounting Profession in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F20%3AN0000078" target="_blank" >RIV/26482789:_____/20:N0000078 - isvavai.cz</a>

Alternative codes found

RIV/04274644:_____/20:#0000729

Result on the web

<a href="https://www.mup.cz/data/files/IFRS2020-sbornik.pdf" target="_blank" >https://www.mup.cz/data/files/IFRS2020-sbornik.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

To the Position of the Accounting Profession in the Czech Republic

Original language description

In this paper we enquired representatives of profession about how does the accounting practice react to changes brought by new technology and how does the accounting education adopt to needs of practice. We investigate their opinion on accounting profession and importance of the role of accountant and change of accounting profession. Qualification requirements are reinforced by the changes that are currently taking place. These changes come mainly with Industry 4.0, which reopens the issue of training and qualification of accountants. This study has a qualitative nature. In this research, we have used semi-structured interviews with the main representatives of accounting profession -accountants, tax advisors, auditing firms, representatives of accounting union, providers of software for accounting practice and representatives from the ministry of finance Czech Republic. The structure of accounting activities is changing: the share of simple, not yet automated operations will be reduced in favour of operating data processing software and more qualified operations. Closer connection of the performance of the accounting profession with to the performance of other managerial functions takes place. So what: Accounting profession in the Czech Republic is not formally regulated,but there are expert accounting exams on various levels for accounting professionals, auditors and tax advisors. Furthermore, bigger industrial firms or specialized accounting and auditing firms require that their accountants actually have some accountingqualification either from the Czech Republic (accounting expert) or some international exams like ACCA, ACA, CIMA or similar.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50205 - Accounting

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Conference Proceedings 8th International Scientific Conference IFRS: GLOBAL RULES &amp; LOCAL USE- BEYOND THE NUMBERS

ISBN

978-80-7638-015-8

ISSN

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e-ISSN

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Number of pages

9

Pages from-to

352-360

Publisher name

Metropolitan University Prague Press &amp; Anglo-American University

Place of publication

Praha

Event location

Praha

Event date

Oct 8, 2020

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000668335000026