Rules for Preparation and Publishing of Financial Statements in Bankruptcy and Reorganization Proceedings: Evidence from Poland and the Czech Republic

Kinga Bauer () and Jan Hospodka ()
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Kinga Bauer: Cracow University of Economics
Jan Hospodka: University of Economics in Prague

A chapter in Digitalization in Finance and Accounting, 2021, pp 203-218 from Springer

Abstract: Abstract This chapter presents a narrow part of a broader research, which focuses on reporting rules for companies that are undergoing the process of bankruptcy by liquidation or restructuring in Poland and the Czech Republic. This chapter aims to compare the accounting and reporting rules in both countries, as well as the basic rules for insolvency proceedings and the requirements for publishing the financial statements. Its results show that even though both countries have slightly different legislation framework for insolvency and restructuring, their accounting and reporting rules could be compared. This comparison has revealed that, especially in terms of the going concern assumption, Polish legislation is clearer and goes into much more detail than the Czech one.

Keywords: Insolvency; Poland; Czech Republic; Restructuring; Accounting (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-55277-0_18

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DOI: 10.1007/978-3-030-55277-0_18

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