FINANCIAL AUDIT SERVICES
IN THE CZECH REPUBLIC
Financial audit for companies operating in the Czech Republic
AMS provides statutory, voluntary, and independent financial audit services in the Czech Republic — aligned with Czech GAAP, IFRS, and International Standards on Auditing (ISA).
We combine deep knowledge of Czech accounting legislation with international auditing standards, delivering audit opinions that are trusted by regulators, banks, investors, and business partners.
WHEN IS A STATUTORY AUDIT REQUIRED
A statutory audit is mandatory for companies meeting at least two of the following three conditions:
- Annual turnover above CZK 240 million
- Total assets exceeding CZK 120 million
- Workforce of more than 50 employees
Companies that do not meet these thresholds are not legally required to audit — but many choose to do so voluntarily to strengthen credibility with banks, investors, and business partners.
WHY WORK WITH AMS FOR FINANCIAL AUDIT
Local and international expertise
We combine full compliance with Czech accounting law with command of ISA and IFRS — covering both domestic obligations and international reporting requirements.
Full-cycle support
We manage the entire audit process — from pre-audit preparation and documentation review to report delivery and filing with Czech authorities.
Experience across sectors
We conduct audits for companies across industries including finance, crypto, manufacturing, and non-profits — with an understanding of sector-specific reporting requirements.
Regulatory confidence
We stay current with changes in Czech and EU accounting legislation — ensuring your audit opinion reflects the latest requirements and is accepted without issue.
AMS FINANCIAL AUDIT — SERVICE
Financial Audit Services
Independent financial audit for companies in the Czech Republic — statutory, voluntary, or under IFRS — delivered in full compliance with Czech law, ISA, and international standards.
Includes:
- Preparation of the audit opinion in full compliance with Czech law and ISA
- Audit of financial statements under Czech GAAP or IFRS where required
- Review of accounting records, transactions, and internal controls
- Assessment of risk management systems and control effectiveness
- Filing support with the Sbírka listin / Collection of Deeds of the Commercial Register
- Direct communication with Czech authorities where required
- Practical recommendations based on audit findings
HOW IT WORKS
Scope Definition
We define the audit scope and objectives based on your company’s size, industry, and specific requirements — statutory, voluntary, or IFRS-based.
Documentation Review
We analyse accounting records, financial statements, and contracts — identifying areas requiring detailed testing or clarification.
Transaction Testing & Control Assessment
We verify the accuracy of transactions and assess the effectiveness of your internal controls and risk management systems.
Audit Report Delivery
We deliver a regulator-ready audit opinion with findings and practical recommendations — and manage filing with Czech authorities where required.
OTHER ACCOUNTING SERVICES
Financial audit is one part of a full accounting offering. AMS provides the complete range of accounting services for businesses operating in the Czech Republic.
Outsourced Accounting
Full-cycle bookkeeping and accounting on an outsourced basis — keeping your records accurate, compliant, and audit-ready throughout the year.
Cryptocurrency Accounting
Specialist accounting for crypto asset transactions — aligned with Czech accounting standards and applicable tax treatment for digital assets.
Financial Statements
Preparation and filing of annual financial statements and corporate income tax returns — accurately and on time.
Payroll Services and HR
End-to-end payroll administration, including employment onboarding, monthly payroll processing, and statutory filings.
Financial Consulting
Advisory on financial structure, reporting requirements, and strategic financial decisions — tailored to your business model and growth objectives.
READY TO SCHEDULE YOUR AUDIT?
AMS provides statutory and independent financial audit services for companies across the Czech Republic — with full compliance, clear reporting, and direct support in all dealings with Czech authorities.
Share your company details and audit requirements — we’ll outline the scope and next steps.
FAQ
How long does a financial audit usually take?
The timeline depends on the company’s size, accounting quality, number of transactions, and whether all supporting documents are ready. A well-prepared company with complete accounting records can usually complete the audit process faster, while missing documentation or complex transactions may extend the review.
Can an audit help before applying for financing or investment?
Yes. An independent audit can make financial statements more credible for banks, investors, shareholders, and business partners. It helps demonstrate that the company’s financial data has been reviewed objectively and that key accounting figures are reliable.
What if errors are found during the audit?
If the audit identifies errors, inconsistencies, or missing documentation, they are discussed with the company before the final audit opinion is issued. AMS provides practical recommendations and helps clarify what needs to be corrected or explained.
Is financial audit only about checking numbers?
No. A financial audit also reviews the quality of accounting records, supporting documents, internal controls, transaction logic, and compliance with applicable reporting standards. The goal is not only to verify figures, but also to assess whether the financial statements present a reliable picture of the company.
Can AMS support us before the actual audit starts?
Yes. AMS can assist with pre-audit preparation, review accounting documentation, identify weak points, and help organise the required records before the audit begins. This reduces delays and makes the audit process more structured.