Český finanční a účetní časopis 2015(4):133-149 | DOI: 10.18267/j.cfuc.463

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

Michal Šindelář
Ing. Michal Šindelář - doktorand; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <michal.sindelar@vse.cz>.

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.
JEL classification: M42

Published: December 1, 2015  Show citation

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Šindelář, M. (2015). Analysis of the Transparency Reports of Auditors Operating in the Czech Republic. Czech Financial and Accounting Journal, 2015(4), 133-149. doi: 10.18267/j.cfuc.463
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