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Auditor's responsibility in relation to transfer pricing

Odpovědnost auditora ve vztahu k transferovým cenám

Libuše Müllerová and Michal Šindelář

Český finanční a účetní časopis, 2019, vol. 2019, issue 2, 21-36

Abstract: The article discusses the auditor's responsibility - first in general and subsequently in relation to transfer prices for related parties. The basis for the assessment of transfer prices from the auditor perspective is the view of accounting regulations and auditing standards. Based on the auditor's responsibility analysis, the article analyzes the judiciary's decision-making based on the relationship between the auditor's report and transfer prices. The research based on the case law of the Supreme Administrative Court refers to the auditors' failure in issuing auditor's reports on the financial statements. The result of the research shows that the auditor did not pay enough attention to the correct setting of transfer prices. The consequences are not only tax credits, but also incorrectly reported information on expenses (revenues) and profit or loss of the entities in their financial statements.

Keywords: Transfer pricing; Related parties; Financial accounting; Auditing; Audit; Odpovědnost auditora; Účetní závěrka; Transferové ceny; Spojené osoby (search for similar items in EconPapers)
JEL-codes: G32 M41 M42 (search for similar items in EconPapers)
Date: 2019
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Český finanční a účetní časopis, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3

DOI: 10.18267/j.cfuc.529

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