Basic Accounting Principles

Apart from exceptions, the substance-over-form concept, as it is known in IFRS, is not applied in the Czech accounting legislation. Other underlying principles – going concern, materiality and accrual principle – are consistent with IFRS.

  •  

    Marek Richter – Partner
    PricewaterhouseCoopers
    Audit, s.r.o.
    nám. Svobody 20, 602 00 Brno
    +420 542 520 170
    marek.richter@cz.pwc.com

  •  

    Petr Mališ – Director
    PricewaterhouseCoopers
    Audit, s.r.o.
    nám. Svobody 20, 602 00 Brno
    +420 542 520 210
    p.malis@cz.pwc.com