Analysis of the Transparency Reports of Auditors Operating in the Czech Republic

Analýza zpráv o průhlednosti auditorů působících v České republice

Michal Šindelář

Český finanční a účetní časopis, 2015, vol. 2015, issue 4, 133-149

Abstract: The aim of this paper is to analyze transparency reports of auditors operating in the Czech audit market in terms of compliance with legal requirements to this report. Subsequently individual points of these reports are analyzed in detail focusing on deficiencies in these reports. The analysis is based on the 45 transparency reports issued for the accounting period ending no later than 31. 12. 2014. These data show that 80% of the auditors' compiled the transparency report exactly according to legal requirements. The maximum number of points required by law but not mentioned is six. Further, the analyzed data show that most deficiencies occur at a point that concerns about internal quality control. Overall analysis confirmed the comparatively high level extent to meet legal requirements on transparency report.

Keywords: Transparency report; Auditor's independence; Auditor's fees; Audit quality; Zpráva o průhlednosti; Nezávislost auditora; Odměny auditora; Kvalita auditu (search for similar items in EconPapers)
JEL-codes: M42 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.18267/j.cfuc.463

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