The amendment to Accounting Act - what is the European Union (not) responsible for?

Abstract

The paper concerns with the amendment Nr. 221/2015 Coll. to Accounting Act, which extends the duties imposed on associations by duty of publishing financial statements. The author analyses range of published financial statements, the publishing method and sanctions prescribed for breaching statutory duties.

Keywords

• financial statement
• annual report
• publishing
• accounting
• accountancy
• association
• Accounting Act
• Civil Code