Meeting all accounting and reporting obligations can be a challenging task. With our team of IFRS consultancy and services in the Czech Republic, the preparation of financial statements in accordance with IFRS will never be a difficulty. Our specialists will ensure the preparation of a complete set of IFRS financial statements, consolidated IFRS financial statements, or reporting packages. Other services offered include also transfer bridges between the Czech accounting standards and IFRS standards.

In addition to these services, we also offer IFRS consultancy, especially consultations during the implementation of new standards or the development of processes in your company.

IFRS financial statements

We are prepared to provide you with comprehensive IFRS consultancy and services in the Czech Republic in terms of preparation of the financial statement (current, interim or consolidated) under international accounting standards. The preparation of related documents following all legal requirements can be taken for granted.

IFRS reporting

Is compiling IFRS reporting a task that you would rather entrust to experts? We are here for you. For monthly, quarterly, or annual reporting, we will arrange for the preparation of a reporting package under IFRS standards as part of our IFRS consultancy and services in the Czech Republic.

Transition from Czech accounting standards to IFRS

If you are not sure how to correctly convert your accounting kept under Czech accounting standards to IFRS standards, we remain at your disposal. Our specialists will help you with the transition and ensure a smooth conversion of the accounting data to IFRS.

Implementation of new IFRS standards

Our services also include consultations regarding the implementation of new IFRS standards – among other things, assessing the impact of changes resulting from the implementation of new standards, e.g., for audited financial statements.

Management reporting according to IFRS

Whether you are implementing a new accounting system or just improving your existing one, our IFRS consultancy and services in the Czech Republic can help you with:

• Reporting settings for the parent company arising from the differences between IFRS and CAS,
• Implementation of a new accounting system and reporting settings,
• Preparation of chart of accounts and accounting principles,
• Regular preparation of specific management reporting according to IFRS according to the client’s needs.

When are you obliged to convert to IFRS?

If you meet one of the criteria below, you are required to use IFRS for the preparation of the financial statements.

• You are an accounting unit which issues securities listed on a regulated market of securities in the European Union’s Member States
• You are part of a consolidation group that prepares consolidated financial statements in accordance with IFRS.

If you are considering listing your securities on a stock exchange, we recommend a timely conversion to IFRS. Our IFRS consultancy and services in the Czech Republic and our team of experts will be happy to ensure the implementation of IFRS standards in your company.

Expert IFRS consultancy and services in the Czech Republic – and across the globe

With a presence in over 50 locations, we provide seamless IFRS consultancy and services in the Czech Republic and also in many other jurisdictions. Leveraging the latest technology and our vast expertise, we engage local experts who understand the market specifics, ensuring full compliance everywhere. Our services guarantee accuracy and efficiency, tailored to meet the unique requirements of each region. With our extensive experience, innovative solutions and single-point-of-contact for easy process management, we offer seamless support for your financial operations globally, ensuring you remain compliant and informed in all locations. Get in touch with us today to discover how we can help you and to learn more about our global IFRS consultancy and services.

Stanislav Machek

Tax Partner | Accace Czech Republic

Book a meeting with Stanislav