IASB issued new standard IFRS 19
On 9 May 2024, the International Accounting Standards Board (IASB) published its new standard IFRS 19 Subsidiaries without Public Accountability: Disclosures. The new standard will be effective for annual perio…
In brief from international taxation [May 2024]
The EU Council has agreed on a proposal for the FASTER Directive to streamline the procedures for withholding tax relief in EU countries. The OECD published a consolidated commentary on the Second Pillar rules.…
Amendment introducing changes in the payment of insurance premiums from ESOP income and the DPP regime
On April 30, 2024, the Chamber of Deputies referred Parliamentary Document No. 570 to the Senate. The Document contains, among other things, expected amendments to the laws governing the payment of insurance pr…
Changes in the field of windfall tax: Are you sure you are not obliged to pay it?
On 3 May 2024, the General Financial Directorate (GFD) published on its website an update of the Czech Statistical Office’s opinions on the classification of some activities according to the CZ-NACE classificat…
IASB issued new standard IFRS 18
On 9 April 2024, the International Accounting Standards Board (IASB) published its new standard IFRS 18 Presentation and Disclosures in Financial Statements that will replace IAS 1 Presentation of Financial Sta…
New Interpretation of the National Accounting Board I-49
The following article briefly summarises the main points of the new interpretation of the National Accounting Board I-49 “Recognition and Measurement of Liquid Valuables”.
IFRS EU endorsement process [April 2024]
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 17 April 2024.
SEC issued a rule on climate-related disclosures
In Europe as well as in America, the requirements on sustainability and climate reporting are being finalised. A newly published rule of SEC requires registrants to publish disclosures related to climate in the…
The transformative influence of artificial intelligence on internal auditing
In an era of rapid technological progress, one innovation stands out for its transformative influence on the field of internal auditing: artificial intelligence (AI), which brings extensive potential for intern…