Český finanční a účetní časopis 2016(3):39-58 | DOI: 10.18267/j.cfuc.479

Entry into the audit profession in the context of legislative changes

Libuše Müllerová¹, Marek Jošt²

¹ Libuše Müllerová; katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <libuse.mullerova@vse.cz>.

² Marek Jošt; katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <marek.jost@vse.cz>.

In the introduction, the article summarizes legislative development in the area of the entry into the audit profession in the Czech Republic in the years 1993 - 2015 with particular emphasis on exams recognition of Chamber of Auditors of the Czech Republic in relation to other professional and educational institutions, especially in relation to public higher education institutions. In the following parts of the article, the history of the Chamber is mentioned, the examination system, its development and the rules for recognition of examinations passed in other professional and educational institutions are described in detail. The most significant organizations the Chamber cooperates closely with are described briefly. The article includes a short comparison of conditions of entry into the audit profession with other countries. In conclusion, the article analyzes if mitigation of the requirements for candidates for the audit profession has led to increase in attractiveness of the profession in the form of increase of the number of applications for exams recognition and the number of auditors registered by the Chamber, especially after the amendment to the Auditors Act 2009.

Keywords: Audit; Audit examination; Chamber of Auditors; Recongnition of exams.

JEL classification: M42

Published: October 1, 2016  Show citation