Amendment to the Act on Accounting
The amendment newly and expressly stipulates that the accounting unit shall use the most recently known USD or EURO exchange rate announced by the CNB or, for foreign currency exchange rates that have not been announced, the exchange rate of the interbank market for conversion of a foreign currency. These provisions shall be applied as of 1 January 2009.
In addition, the amendment sets forth the valuation of cultural monuments or collections of a museum character, the price of which is not known by the so-called the “fictitious price” in the amount of CZK 1.
The method of valuation of conditioned assets and liabilities posted to off-balance sheet accounts (such as court disputes) is newly and explicitly added to the act.
Other provisions of the amendment are of a legislative and technical nature and specify, inter alia, the types of accounting records, the transfer of an accounting record from one form to another form and the use of electronic signature.
The amendment specifies the provisions of the Act on Accounting concerning Czech Accounting Standards to the effect that selected accounting units (in principle state organizations) must always comply with these standards whereas other accounting units may deviate from them in justified cases.
Rules for procuring accounting records for the needs of the state were also added to the Act on Accounting.
Other articles
30th Advent Concert for the Committee of Good Will – Olga Havlová Foundation
The Advent Concert of Good Will, organised since 1995 by the law firm Kocián Šolc Balaštík for the benefit of the Committee of Good Will – Olga Havlová Foundation, will this year take place on Sunday, 7 December, from 7:00 p.m., traditionally in the concert hall of the Church of Sts. Simon and Jude in the Old Town of Prague. The concert is held under the auspices of the First Lady of the Czech Republic, Mrs Eva Pavlová.
Kyberbezpečnost nově: tisíce firem čekají nové povinnosti. Iniciativa je plně na podnikateli.
Od 1. listopadu 2025 čeká tisíce firem v České republice napříč různými odvětvími zásadní změna v oblasti kybernetické regulace. Nový zákon o kybernetické bezpečnosti spolu s řadou doprovodných právních předpisů totiž výrazně rozšiřuje okruh subjektů, na které bude dopadat. Cílem regulace je zvýšit odolnost technické infrastruktury vůči kybernetickým hrozbám. Místo úzkého okruhu pouze klíčových institucí se nová pravidla budou vztahovat na široké spektrum firem a organizací, které poskytují tzv. regulované služby. Jde o služby zásadní pro fungování společnosti a státu, jejichž narušení či výpadek by mohly mít negativní dopady na bezpečnost státu, ekonomickou stabilitu a každodenní chod společnosti.
KŠB assisted with the financing of the MOSAIQ Beroun project
KŠB provided legal advice to Avisum Beroun, a member of the Go4Home Group, in connection with the financing of the construction of the residential project MOSAIQ Beroun, secured by Trinity Bank.
