IFRS 18 endorsed for use in the EU
On 13 February 2026, the new standard IFRS 18 ‘Presentation and Disclosures in Financial Statements' was endorsed by the European Commission for use in the European Union. The EU effective date is the same as t…
New Accounting Act is in the Chamber of Deputies. What changes will it bring?
On 12 December 2025, the Ministry of Finance (then still headed by Zbyněk Stanjura) submitted the long‑awaited new Accounting Act, along with an accompanying act amending related legislation, to the Chamber of …
IFRS EU endorsement process [January 2026]
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 18 December 2025…
Illustrative financial statements under IFRS Accounting Standards as adopted by the EU for the year ended 31 December 2025
The version of the illustrative consolidated financial statements under IFRS Accounting Standards as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech …
Closing out 2025 in financial statements under IFRS Accounting Standards
This article provides a high-level overview of the new and revised IFRS® Accounting Standards effective for the December 2025 calendar year-end and subsequent accounting periods.
IFRS EU endorsement process [November 2025]
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 21 November 2025…
IASB issued amendments to IAS 21 regarding translations to a hyperinflationary presentation currency
On 13 November 2025, the International Accounting Standards Board (IASB) issued 'Translation to a Hyperinflationary Presentation Currency (Amendments to IAS 21)'. The amendments are effective for annual periods…
Amendment to the Accounting Act introduces new ESAP requirement
On 2 September 2025, Act No. 317/2025 Coll. was published in the Collection of Laws, concerning the establishment and operation of a European single access point (ESAP). This Act introduced, among other things,…
IFRS EU endorsement process [October 2025]
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 30 September 2…
What are the ESMA’s priorities for the 2025 financial statements?
On 14 October 2025, the European Securities and Markets Authority (ESMA) announced the priority issues that the assessment of listed companies’ 2025 financial and sustainability statements will focus on.