Physical stock inventory – the possibility of applying audit procedures of the COVID-19 pandemic period to the future

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F22%3A43905700" target="_blank" >RIV/60076658:12510/22:43905700 - isvavai.cz</a>
Result on the web
<a href="http://omp.ef.jcu.cz/index.php/EF/catalog/book/83" target="_blank" >http://omp.ef.jcu.cz/index.php/EF/catalog/book/83</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.32725/978-80-7394-976-1.44" target="_blank" >10.32725/978-80-7394-976-1.44</a>

Result language
angličtina
Original language name
Physical stock inventory – the possibility of applying audit procedures of the COVID-19 pandemic period to the future
Original language description
The obligation of the assets and the liabilities inventorying of the accounting unitsis based on Act no. 563/1991 Coll., On Accounting. The accounting units which have theobligation to verify the financial statements by the auditor must provide unrestricted accessto all information relevant to the preparation of the financial statements to the auditor. In thiscontext, essential requirements are places on the auditor regarding the obligation to attendance at the physical stock inventory counting, if the inventories are material to the financialstatements. The auditor conducts audit procedures that provide the sufficient and appropriateaudit evidence. The assessment of the information obtained in this way is always dependenton the professional judgment of each auditor. The paper presents the application of the auditprocedures at the physical stock inventory especially during the COVID-19 pandemic periodin accordance with regulations, and offers possible views on usage of these procedures to thefuture.
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
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 16th International Scientific Conference INPROFORUM 2022. DIGITALIZATION. Society and Markets, Business and Public Administration
ISBN
978-80-7394-976-1
ISSN
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e-ISSN
2336-6788
Number of pages
6
Pages from-to
301-306
Publisher name
Jihočeská univerzita v Českých Budějovicích, Ekonomická fakulta
Place of publication
České Budějovice
Event location
České Budějovice
Event date
Oct 3, 2022
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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