Department 28 – Accounting, Valuation and Related Professions Section

The Department examines issues in the area of the accounting of entrepreneurs, non-profit organisations and health insurance companies (hereinafter referred to as "private sector accounting") and other reporting, in particular sustainability reporting under EU law (hereinafter referred to as "reporting"), analyses their current status and proposes measures in these areas to address current issues and improve the efficiency of financial reporting. It develops the concept of further development in the field of private sector accounting and reporting. It develops substantive solutions for changes in private sector accounting and reporting, including regulatory impact assessments and substantive legislative proposals. It ensures compliance of private sector accounting and reporting legislation with EU law. It is the substantive manager of the law regulating accounting, and in exercising this responsibility it cooperates with the Tax Legislation Department.

The Department examines issues in the area of regulation of tax consultancy, auditing activities, in particular as regards the verification of financial statements (hereinafter referred to as "statutory audit") and the activities of accountants (hereinafter referred to as "expert professions"), analyses its current state and proposes measures to address current issues and to further improve its effectiveness. It develops the concept of further development in the field of expert professions. In the field of professional regulation, it is responsible for the preparation of substantive solutions, including regulatory impact assessments and substantive legislative proposals. It ensures that legislation within the Department's remit complies with EU law. In the field of statutory audit, it prepares legislative proposals and ensures their discussion in internal and external comment procedures, in the Ministry's advisory bodies, in the Legislative Council of the Government and its commissions, in the Government and in Parliament. It is the administrator of the law regulating the performance of auditing activities, the scope of the Chamber of Auditors of the Czech Republic, the Council for Public Oversight of Audits and the decree establishing the remuneration of the members of the Council for Public Oversight of Audits. It is the manager of the law regulating tax consultancy and the Chamber of Tax Advisers, and in exercising this competence it cooperates with the Tax Legislation Department. The Department examines issues in the area of property valuation, analyses the current state of affairs and proposes measures to address current issues and improve efficiency in this area. It participates in the elaboration of the state concept in the field of the valuation of things (especially property and services) and its development. On the basis of the valuation concept, it develops substantive solutions, including substantive plans and their impact assessment. It carries out market analyses of selected items and their values, and on the basis of the analyses and especially in relation to tax and accounting regulations, it proposes adjustments to the relevant legislation. It ensures that legislation within the Department's remit complies with EU law. In the area of property valuation, it prepares legislative proposals, including legislative proposals in the area of property valuation for the correct determination of the tax base. It ensures the discussion of legislative proposals in the field of property valuation in internal and external comment procedures, in the advisory bodies of the Ministry, in the LCG and its commissions, in the Government and in the Parliament.  It is in charge of the Valuation of Property Act and the Decree implementing the Valuation of Property Act (Valuation Decree). The Department conducts administrative proceedings related to the provision of state budget funds to the Council for Public Oversight of Audits. In the area of asset valuation, the Department guarantees the role of property valuation in the Automated Tax IS in the area of analytical assignments for the programmer. The Department provides basic methodological activities within the scope of the Department's substantive competence in the field of private sector accounting and expert professions.

Units

• Unit 2801 – Accounting 
• Unit 2802 – Asset Valuation