Český finanční a účetní časopis 2006(4):125-131 | DOI: 10.18267/j.cfuc.200
About Problem of Economic Responsibility of an Entity
- Prof. Ing. Dana Kovanicová, CSc. - profesorka; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <kovanicd@vse.cz>.
This assay discusses with an opinion that sees the responsibility of an economic entity in practice only in the instrument of guarantee and in the responsibility of management. This article notices, that the responsibility of entity is realised in practice not until critical situation, but during all entity life. The instrument to it is the mandatory disclosure of information. Its extent is different in various countries. As for corporation, the requirements on disclosure are imbedded in generally accepted OECD Principles of Corporate Governance. Majority of these requirements is supported by both sets of multinational financial reporting standards - IFRS as well as US GAAP. In the demands to the presentation of the internal control systems and entity risk management these standards go beyond OECD claims.
Keywords: Economic responsibility; Disclosure of information; OECD Principles.
JEL classification: G14
Published: December 1, 2006 Show citation
References
- IFRS (2006): Mezinárodní standardy účetního výkaznictví (IFRS) včetně Mezinárodních účetních standardů (IAS) a Interpretací k 1. lednu 2005. Praha, Svaz účetních, 2006.
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Go to original source... - Kovanicová (2006): Systémy vnitřních kontrol a podniková rizika: současné světové a evropské trendy v požadavcích na jejich zveřejňování. Účetnictví, 2006, ro4. $!, č. 7, s. 22-29.
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- Vomáčková, H. (2005): Účetnictví akvizicí, fúzí, a jiných vlastnických transakcí (vyšší účetnictví). Praha, BOVA POLYGON, 2005.
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