IDENTIFICATION OF BREACH OF GOING CONCERN ASSUMPTION BY COMPANIES IN BANKRUPTCY

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F29142890%3A_____%2F15%3A%230000173" target="_blank" >RIV/29142890:_____/15:#0000173 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31110/15:00046261
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
IDENTIFICATION OF BREACH OF GOING CONCERN ASSUMPTION BY COMPANIES IN BANKRUPTCY
Original language description
The Czech accounting legislation defines annual, extraordinary and interim financial statements. The main task of published financial statements is to inform properly the external users. Entities registered in the Commercial register are obliged to publish financial statements not later than the end of the following accounting period into the Collection of Documents. This obligation of publication is based on the EU legislation. The aim of publication is to protect third party, especially business partners in commercial contracts. Unlike other EU countries, the Czech companies often do not comply with the publication requirement in practice. The paper deals with research of entities that have fallen into crisis economic situation and go through insolvency proceedings and answers two basic questions. Do those entities fulfil their legal obligations regarding publication of financial statements? Is it possible to recognize that the company is not a going concern or to recognize that the
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 7th International Scientific Conference
ISBN
978-80-7454-482-8
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
1247-1256
Publisher name
Tomas Bata University, Zlín
Place of publication
Czech Republic
Event location
Czech Republic, Zlín
Event date
Jan 1, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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