Czech Financial and Accounting Journal, 2021 (vol. 2021), issue 4
Articles
Audit quality in the Czech Republic with a focus on auditors of public interest entities
Michal Šindelář, Libuše Müllerová
Český finanční a účetní časopis 2021(4):5-17 | DOI: 10.18267/j.cfuc.565 
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....
Impact of Svarc system on Tax Revenues in the Czech Republic
Savina Finardi, Anna Melicharová
Český finanční a účetní časopis 2021(4):19-29 | DOI: 10.18267/j.cfuc.566
The article discusses the importance of the Svarc system and its impact on tax revenues in the Czech Republic. According to Czech case law, part of the income is legally taxed in the partial tax base on income from independent activity, although it should rather be income from dependent activity. This is a main feature of the Czech tax system, and it has impact on Czech public finance. Tax revenues of individuals in the Czech Republic are driven mainly by dependent activity, i.e., income from employment. For the analysis, a method was chosen that focuses on the share of self-employed persons without employees in the working age population, according...
Taxation in Developed Countries: Response to External Shocks in 2008–2009 and 2020
Leoš Vítek, Markéta Arltová, Květa Kubátová
Český finanční a účetní časopis 2021(4):31-54 | DOI: 10.18267/j.cfuc.567
Based on OECD Revenue Statistics data, the article analyses the impact of two external shocks (the great financial depression of 2008-2009 and covid-19 in 2020) on the size and structure of tax revenues for OECD countries. Using the descriptive statistics and cluster analysis, the authors have established that the tax systems of both developed and developing countries responded to the external shocks in 2008–2009 and 2020+ with a decline in the overall tax burden (tax to GDP ratios), due to a faster decline in nominal tax revenues than in nominal GDP. The decline was more pronounced in 2009 and within developing countries. During both shocks,...
The impact of performance measurement and reward systems on work behaviour, motivation and performance: Qualitative study
Kateřina Knorová
Český finanční a účetní časopis 2021(4):55-79 | DOI: 10.18267/j.cfuc.568
The aim of the research is to identify and characterize in more detail the factors that influence the effect of performance measurement and evaluation and reward systems on work effort and performance. In doing so, the influence not only on the level of work effort but also on its direction in line with overall company objectives is assessed. For the empirical research, a qualitative research method in the form of a case study in a selected company was chosen. For data collection, methods of document analysis and structured in-depth interviews were used. A total of 26 structured interviews were conducted. The aim of the structured interviews was to...
Artificial intelligence in management accounting
Aneta Zemánková
Český finanční a účetní časopis 2021(4):81-99 | DOI: 10.18267/j.cfuc.569
The paper deals with the possibilities of using artificial intelligence in tasks and activities of management accounting. Its aim is to create a comprehensive overview of the current state and possibilities of utilization of artificial intelligence technologies in management accounting, based on a systematic literature review of empirical literature. Academic articles were complemented by current surveys of research consulting companies and professional organizations and bodies. Literature review results are grouped by specific key areas of management accounting, analyzing the tools for facilitating the budgeting and calculation processes or performance...