Transposition of EU Directive: Amendment to Accounting Act; 563/1991 Coll.

The amendment to the Accounting Act uses the minimum requirements of the directive, focusing on maintaining a small scope in order to minimize the burden to companies.

Issuer name

Ministry of Finance

Government ministry

Finance/Treasury

More information

Paragraph § 32 on non-financial information uses similar/if not almost the same content of the directive.

Comply or explain

True

Organizations covered by the instrument

Large private and listed companies

Target organization notes

PIEs 500+: trading companies and are at the same time public interest entity, which also exceeds the criterion of 500 employees & large consolidating entities groups of entities that are public interest entities and exceed the average number 500 employees

Industry scope

All/none specified

Disclosure venue

Annual report, or a separate report

ESG coverage - E (Environment)

All

ESG coverage- S (Social)

Human Rights, Employment Conditions, Policies and Practices

ESG coverage- G (Governance)

Accountability, Anti-Corruption and Anti-Competitive Behaviour

Status

Current

Country

Czech Republic

Region

Europe

Date of publication

2016

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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