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Analysis of the Transparency Reports of Auditors Operating in the Czech Republic
[Analýza zpráv o průhlednosti auditorů působících v České republice]

Author

Listed:
  • Michal Šindelář

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.

Suggested Citation

  • Michal Šindelář, 2015. "Analysis of the Transparency Reports of Auditors Operating in the Czech Republic [Analýza zpráv o průhlednosti auditorů působících v České republice]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2015(4), pages 133-149.
    • Handle: RePEc:prg:jnlcfu:v:2015:y:2015:i:4:id:463:p:133-149
    DOI: 10.18267/j.cfuc.463
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    References listed on IDEAS

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    1. Christiane Pott & Theodore Mock & Christoph Watrin, 2008. "The effect of a transparency report on auditor independence: practitioners’ self-assessment," Review of Managerial Science, Springer, vol. 2(2), pages 111-127, July.
    2. Lambert, Richard A., 2001. "Contracting theory and accounting," Journal of Accounting and Economics, Elsevier, vol. 32(1-3), pages 3-87, December.
    3. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
    4. Christian Leuz, 2010. "Different approaches to corporate reporting regulation: How jurisdictions differ and why," Accounting and Business Research, Taylor & Francis Journals, vol. 40(3), pages 229-256.
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    More about this item

    Keywords

    Transparency report; Auditor's independence; Auditor's fees; Audit quality; Zpráva o průhlednosti; Nezávislost auditora; Odměny auditora; Kvalita auditu;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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