AUDIT ALERT - Significant changes in the preparation and auditing of annual reports for the year 2015!
Dear Business Friends,
The last amendment to the Act on Accounting and other acts No. 221/2015 Coll. brings a significant change in the area of auditing annual reports. This change does not only affect auditors, but especially the actual accounting units that have an audit obligation and thus the obligation to prepare an annual report. This change is included in the aforementioned amendment in part four (a change to the Act on Auditors), effective from 1 January 2016. The new procedures are used according to the transitional provisions on all statutory audits begun and not completed before the day this amendment comes into effect.