Český finanční a účetní časopis 2021(4):5-17 | DOI: 10.18267/j.cfuc.565

Audit quality in the Czech Republic with a focus on auditors of public interest entities

Michal Šindelář, Libuše Müllerová
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra finančního účetnictví a auditingu, Praha

The article deals with the issue of audit quality of auditors of public interest entities in the Czech Republic. The research is based on publicly available data published by the Public Audit Oversight Board and data available in the Register of Auditors published on the website of the Chamber of Auditors of the Czech Republic. The analysis is based on data from the Public Audit Oversight Board among 2017-2020, while the fines imposed on auditors are analyzed among 2019-2021. The number of inspections carried out by the Public Oversight Board is relatively stable, with an increase in the ratio of total findings to total completed inspections in 2019. The amount of the average fine imposed in 2020 also increased significantly.

Keywords: Audit quality; Public Audit Oversight Board; Auditors of Public Interest Entities; Public interest entities.
JEL classification: M42

Received: October 31, 2021; Revised: November 21, 2021; Accepted: November 22, 2021; Prepublished online: February 7, 2022; Published: February 8, 2022  Show citation

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Šindelář, M., & Müllerová, L. (2021). Audit quality in the Czech Republic with a focus on auditors of public interest entities. Czech Financial and Accounting Journal, 2021(4), 5-17. doi: 10.18267/j.cfuc.565
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