Czech Statutory Auditor Exam case studies
Czech Statutory Auditor Exam · Put your knowledge to work in context.
The Czech statutory auditor examination (zkouška na statutárního auditora) is the qualification route to becoming an auditor authorised to issue statutory audit opinions in the Czech Republic. It is administered under the Czech audit profession framework and is aimed at candidates who already hold a university-level education, have completed a period of practical audit experience, and wish to be entered as statutory auditors. The Czech Statutory Auditor Exam case studies are 5 cases and about 6,386 words.
1Multi-element machinery contract: IFRS 15 recomputation against performance materiality
is a Czech injection-moulding machinery manufacturer listed on the Prague Stock Exchange and therefore reporting under IFRS as adopted by the EU. On 1 October 20X4 it signed one contract with a German customer covering three identical moulding lines, installation of each line at the customer's plant, and 24 months of maintenance support, for fixed consideration of CZK 36,000,000.
1,216 words, about 6 min2Group audit of a PIE: component materiality and a component auditor who refuses access
is a Czech glass producer whose shares are admitted to trading on the Prague Stock Exchange, so it is a public-interest entity. The group has four components: the Czech parent (60% of group revenue), a Slovak trading company (8%), a Polish coating plant (22% of revenue and 35% of group profit before tax) and a German logistics entity (10%).
1,215 words, about 6 min3Independence on a listed lessor: rotation, non-audit services and fee dependency
is a six-partner Czech firm with 42 staff and annual fee income of CZK 96m. It has audited Bystřice Leasing a.s., a listed finance lessor and therefore a public-interest entity, since 2016.
1,319 words, about 7 min4Full-population journal-entry analytics after a mid-year ERP migration
is a Czech grocery retailer with revenue of CZK 3.9bn, 1,850 employees, 62 stores and a 31 December year-end. In April 20X4 it migrated from a 15-year-old legacy accounting package to a new ERP.
1,265 words, about 6 min5Foundry at the edge: going concern, a suspicious year-end sale and a pending insolvency petition
is a Czech foundry with a 31 December 20X4 year-end. Equity is negative CZK 118m, the loss was CZK 84m in 20X4 and CZK 31m in 20X3, and current liabilities exceed current assets by CZK 205m.
1,371 words, about 7 min