| KACR | KCU (non-Accountancy Europe member) | KDPCR (non-Accountancy Europe member) | |
|---|---|---|---|
| Membership | Mandatory | Voluntary | Mandatory |
| No. of members | 1,160 | 977 | 4,953 |
| Institute staff | 22 | 2 | 23 |
| Date of establishment | 1993 | 1999 | 1993 |
| Local branches | 1 | 1 | 1 |
| Subject to public oversight | Yes | No | No |
| Public Audit Oversight Board | (PAOB) | N/A | N/A |
| KACR | KCU (non-Accountancy Europe member) | KDPCR (non-Accountancy Europe member) | |
|---|---|---|---|
| Initial education | Yes | Yes | Yes |
| Examination | Yes | Yes | Yes |
| Approval and registration | Yes | Yes | Yes |
| Continued Professional Development | Yes | Yes | Yes |
| KACR | KCU (non-Accountancy Europe member) | KDPCR (non-Accountancy Europe member) | |
|---|---|---|---|
| Standard setting | Yes | Yes | Yes |
| Quality assurance | Yes (only audits of non-PIEs, PAOB reviews statutory auditors who perform PIE audits) | No | Yes |
| Disciplinary measures | Yes (only audits of non-PIEs and other than statutory audit engagements, otherwise PAOB) | Yes | Yes |
| Professions | Statutory Auditor | Certified Accountant | Tax Advisor |
|---|---|---|---|
| Professional body | KACR | KCU | KDPCR |
| Protected title | Yes | No | Yes |
| Reserved activities | Statutory audit | None | Tax and economical advisory in the area of taxation (the lawyers’ and auditors’ competences are not affected) |
| Included authorisations | Comprise the authorisation to provide also other audit activities: assurance services, limited reviews, special purpose audits, other assurance engagements and related services | None | Professional designation “tax advisor” |
| Statutory Auditor | Certified Accountant | Tax Advisor | |
|---|---|---|---|
| Regulated profession | Yes | No | Yes |
| Supervision | Yes | No | No |
| Public oversight authority | Public Audit Oversight Board (PAOB) | N/A | N/A |
| Statutory Auditor | Certified Accountant | Tax Advisor | |
|---|---|---|---|
| General initial education steps (without possible exemptions | • Academic degree (bachelor or master) • Auditing practice: 3 years practical experience • Final examination | • Secondary education at least • Accounting practice: 2 years for Certified • Accountant + 1 year for Accounting Expert • 8 professional exams for Certified Accountant + 4 professional exams for • Accounting Expert | • Academic degree (bachelor or master) • Professional exam |
| Statutory Auditor | Certified Accountant | Tax Advisor | |
|---|---|---|---|
| No. of qualified professionals | 1,160 Approx. | 4,500 977 members of Chamber | 4,953 |
| No. of new trainees per year | 80-90 | 40 | N/A |
| No. of people taking the professional examination | 289 | Currently active approx. 500 | 472 |
| No. of people passing the professional examination | 33 | Approx. 30 new certified accountants per year | 147 |
| Statutory Auditor | Certified Accountant | Tax Advisor | |
|---|---|---|---|
| Registration required | Yes | Yes | Yes |
| Competent authority for registration | Chamber of Auditors of the Czech Republic | Chamber of Certified Accountants | Chamber of Tax Advisers of The Czech Republic |
| Cost of appointment/registration | Registration fee – €0 Annual fixed fee – CZK 3 500 (€140) Annual variable fee – based on revenues from assurance services Average cost of audit examination including courses – CZK 140,000 (€5,600) | Annual fixed fee for member of Chamber CZK 2,500 (€96) | Registration fee – 0 Annual fee – CZK 4,000 |
| Oath required | Yes | Yes | No |
| Insurance required | Yes | No but recommended | Yes |
| Professional address required | Yes | No | Yes |