Czech Statutory Auditor Exam study guide
Czech Statutory Auditor Exam · Work through your exam, one topic at a time.
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 study guide has 9 sections and about 3,612 words.
01Financial accounting and financial statements (IFRS and Czech GAAP)
You must show you can prepare, audit and reconcile a statutory financial statement under Czech GAAP and under IFRS as adopted by the EU. 563/1991 Coll., on Accounting, plus Decree No.
410 words, about 2 min02Auditing standards, audit methodology and audit risk
How you design a statutory audit that complies with the ISAs adopted by the Chamber of Auditors (KA ČR) and with Act No. 93/2009 Coll., and how you defend your risk judgements to an inspector.
453 words, about 2 min03Professional ethics, independence and the statutory auditor's legal position
Independence, the ethical code and the legal position of the statutory auditor under Act No. Expect scenario questions where you must name the threat, decide whether a safeguard works, and say what the auditor must do.
416 words, about 2 min04Business law and corporate governance
Your command of the Civil Code (Act No. 89/2012 Coll.), the Business Corporations Act (Act No.
412 words, about 2 min05Tax law and tax accounting
Whether you can convert accounting profit into a tax base and recognise the limits of accounting figures for tax purposes, under Act No. (Income Taxes), Act No.
377 words, about 2 min06Financial management, management accounting and internal control
Investment appraisal, cost of capital, cost-volume-profit analysis and the design of internal control - the toolkit you use to challenge management's budgets, impairment models and going-concern assumptions. NPV discounts incremental after-tax cash flows at the WACC; accept positive NPV.
381 words, about 2 min07Information technology and audit data analytics
Whether you can plan an audit around an IT-dependent reporting environment and use automated tools and techniques (ATT) without weakening evidence quality. Distinguish general IT controls (access management, change management, IT operations, backup and recovery) from application controls (input validation, automated calculations, interface controls, exception reports).
386 words, about 2 min08Insolvency, restructuring and forensic accounting
The insolvency tests, the course of proceedings under Act No. 182/2006 Coll., the auditor's and administrator's duties, and the forensic techniques used when the numbers are suspected of telling a story.
370 words, about 2 min09Public sector and non-profit audit
Accounting and audit in entities funded from public budgets and in non-profits - where the framework, the reporting channel and the appointing body all differ from the private sector. Selected accounting units (vybrané účetní jednotky) apply Act No.
407 words, about 2 min