Impact of Transposition of the Directive 2013/34/EU into the National Laws of EU Member States Emphatically V4

Jana Gláserová, Milena Otavová, Anna Bušovová and Eliška Dřínovská
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Jana Gláserová: Department of Accounting and Taxes, PEF Mendel university in Brno, Zemědělská 1, 613 00 Brno, Czech Republic
Milena Otavová: Department of Accounting and Taxes, PEF Mendel university in Brno, Zemědělská 1, 613 00 Brno, Czech Republic
Anna Bušovová: Department of Accounting and Taxes, PEF Mendel university in Brno, Zemědělská 1, 613 00 Brno, Czech Republic
Eliška Dřínovská: Department of Accounting and Taxes, PEF Mendel university in Brno, Zemědělská 1, 613 00 Brno, Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2017, vol. 65, issue 2, 631-639

Abstract: The European Union has published the Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings for reasons of increasing of the competitive advantage and productivity of small and medium-sized enterprises. The EU Member States have to incorporate the rules of the Directive with their national law by 20 July 2015 at the latest during the year 2016. The intention of this paper is to determine and to evaluate the impacts of transposition of the Directive into the Czech Accounting Law and into the national accounting laws of EU Member States chosen. There is an identification of main differences of Czech Accounting Law and of amended Czech Accounting Law issued 1st of January 2016. There is an impact of implementation of the Directive 2013/34/EU on financial statements and at the same time on requirements of audit for individual categories of Czech accounting entities. In this paper, there is also an analysis of impact of the Directive 2013/34/EU on national accounting laws V4 States and on several further EU Member States. On the basis of comparison of differences recognized, there is an deduction of findings for companies falling into the same group.

Keywords: European Directives; accounting harmonization; accounting systems; accounting principles; financial statements; categorization of accounting entities (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2017065020631

DOI: 10.11118/actaun201765020631

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