334/2014 Coll.


LAW
Dated December 9, 2014,

Amending Act no. 93/2009 Coll., On auditors, and amending certain laws
(Auditors Act), as amended

Parliament has passed this Act of the Czech Republic:

Art. I

Amendment to the Act on Auditors

Law no. 93/2009 Coll., On auditors, and amending certain acts (
Auditors), as amended by Act no. 227/2009 Coll., Act no. 139/2011 Coll.
Act no. 188/2011 Coll., Act no. 420/2011 Coll., Act no. 428/2011 Coll.
Act no. 52/2012 Coll. and Act no. 167/2012 Coll., is amended as follows:

First In § 1, the words "European Communities ^ 1)" is replaced
"European Union ^ 1)", the words "status and activity" is replaced
"rights and obligations" and the word "status" is deleted; .

Footnote. 1 reads:

"1) Directive of the European Parliament and Council Directive 2006/43 / EC of 17 May
2006 on statutory audits of annual accounts and consolidated accounts,
amending Council Directives 78/660 / EEC and 83/349 / EEC and repealing Council Directive
84/253 / EEC, as amended by European Parliament and Council Directive 2008/30 / EC.

Directive of the European Parliament and Council Directive 2013/34 / EU of 26 June 2013
on the annual accounts, consolidated accounts and
related reports of certain types of undertakings, amending Directive
European Parliament and the Council 2006/43 / EC and repealing Council Directives
78/660 / EEC and 83/349 / EEC. ".

Second Footnote. 4 shall be deleted, including the reference to a note
footnote.

Third In § 2. b) the word "record" the words "
verification of other economic information by the auditor, or performing other activities
auditor" and "verification and other economic information
conducted by auditing standards" are replaced by "or other authentication
accounts, other accounting records or parts thereof carried
auditor ".

Fourth In § 2 letters f) and g) added:

"F) audit entities from third countries other than the natural person who is
entitled to perform statutory audits in a third country and is not authorized to
carrying out the statutory audit in the Member State

G) third-country auditor natural person who is entitled to perform statutory audits
in a third country and is not authorized to perform
statutory audit in the Member State ".

Fifth In § 2, the letter g), new letters h) and i) are added:

"H) audit person from another Member State other than a natural person
who is entitled to perform statutory audits in another Member State

I) the auditor from another Member State a natural person who is entitled
to perform statutory audits in another Member State. "

Existing letters h) through p) shall be renumbered letters j) to r).

6th In § 2. j) the word "statutory" and the words "or one or more
auditing firms" are deleted.

7th In § 2. a) the word "control" is replaced by "management".

8th In § 2 letter m) shall be deleted.

Existing letters n) to r) are renumbered m) to q).

9th In § 2, letter n) shall be deleted.

Existing letters o) to q) are renumbered n) to p).

Footnote. 8 is repealed.

10th In § 2. n) the words "or a statutory" is deleted and the word
"negotiated" with the word "basic".

11th In § 2, at the end of subparagraph p) is replaced by a comma and
point q) is added:

"Q) Member State EU Member State or a State which is
Contracting State to the Agreement on the European Economic Area.".

12th Under § 2, the following new § 2a and 2b, including the title added:

"§ 2a

Public-interest entities

Public interest entities is

A) a legal person incorporated under Czech law, which released
investment securities that are admitted to trading on a European
regulated market or a foreign market similar regulated market
Contracting State to the Agreement on the European Economic Area,

B) bank under the Banking Act

C) domestic insurance company under the Insurance Act,

D) domestic reinsurance under the Insurance Act,

E) health insurance under the law regulating the activities of health insurance
,

F) a credit union under the law regulating the activities

Credit unions,

G) securities dealer pursuant to the Act governing business on
capital market

H) Central Depository according to the law governing business
capital market

I) an investment company under the Act regulating
investment companies and investment funds,

J) pension company under the law regulating
supplementary pension savings and pension savings,

K) General Health Insurance Company of the Czech Republic,

L) participation and transformed Fund under the Act regulating
supplemental retirement savings,

M) an investment fund under the law regulating investment companies and investment funds
,

N) pension fund under the law regulating pension savings and

O) business corporation or consolidating entity, if
average FTE staffing business corporation or
consolidated group for the immediately preceding accounting period exceeded 4,000
employees.

§ 2b
General


(1) Surveillance Authority in this Act shall mean the Supervisory Board, the Management Board
in the exercise of supervisory powers, supervisory board or other body
with similar supervisory powers, depending on the legal form of a legal
persons in question.

(2) The Managing Authority in this Act shall mean statutory body
business corporations, joint stock company with a monistic system
internal structure of the Company Management Board in exercising control competence or
other authority exercising control functions, depending on the legal form
legal entity in question.

(3) Unless this Act stipulates the rights and obligations of the entity that
no legal personality, exercise such rights and obligations of a person who acts on behalf
. ".

13th § 3, including the title reads:

"§ 3

Performance auditing activities

(1) of audit activities pursuant to this Act are authorized to carry
Only auditors.

(2) Audit firm performs audit work only
own name and on its own account.

(3) The statutory auditor carries out audit activities
own name and for its own account or for another auditor in the baseline
employment or as a partner in the audit firm.

(4) The statutory auditor who performs the audit function
own name and on its behalf, shall not perform audit work for
another auditor in the context of the basic employment or as a companion
auditing company. The statutory auditor who performs
audit work for another auditor in the baseline
employment or as a partner in the audit firm
not perform audit work for more than one auditor
within the basic employment or as a companion
one audit company. ".

14th In § 4 para. 1, letter b) reads:

"B) is a fully own right".

15th In § 4 para. 1 point. d) the words "employed as an assistant auditor
" are deleted.

16th In § 4 para. 1, letters g) and h) shall be deleted.

Existing letters i) to k) are designated as letters g) to i).

17th In § 4 para. 1 letter g) reads:

"G) does not have the application date recorded back taxes, levies, fees and other
similar cash transactions, including related
fines and penalties and the costs or outstanding premiums for public health insurance
or social security insurance and
contribution to the state employment policy, including penalties, except
cases when payment was approved by installments and not in default with
installment payments. "

Footnote. 10 is deleted.

18th In § 4 para. 1 letter h) shall be deleted.

Previous Point i) is denoted as Point h).

19th In § 4 para. 3 letter b) shall be deleted.

Existing letters c) and d) shall become letters b) and c).

20th In § 4 para. 3 point. b) the words "from the list of assistant auditors '
replaced by' from the register of auditors (the" Index ")."

21st In § 4 para. 3, at the end of subparagraph c) is replaced by a comma and
letter d), which reads:

"D) referred to in paragraph 1. g) the applicant demonstrates
relevant certificates, not the application date older than 30 days. ".

22nd In § 4, paragraph 4 reads:


"(4) In order to substantiate the applicant's integrity pursuant to paragraph 1. c)
, the Chamber requests an extract from the criminal records. ".

Footnote. 12 is deleted.

23rd In § 4, after paragraph 4 the following paragraph 5 is added:

"(5) In order to demonstrate integrity pursuant to paragraph 1. c) submit
applicant who is a national of a State other than the Czech Republic
extract from the criminal records or an equivalent document issued
competent judicial or administrative authority of the State or State
last residence; If the state is the last residence of the applicant
Czech Republic, the procedure under paragraph 4. If this is not issuing state
extract from the criminal records or an equivalent document, the applicant shall submit a declaration of honor
integrity. If the applicant is a national of another
EU Member State or has a domicile in another Member State of the European Union
and has not submitted if the extract from the criminal records or
equivalent document issued by a competent judicial or administrative authority
of this state, or the state of his last stay, if it is or where it
another Member State or the Swiss Confederation, demonstrate integrity
criminal record in the annex containing information that is entered in the register
penalties another Member State of the European Union.
These documents may not be the application date older than 3 months. ".

The former paragraph 5 is renumbered paragraph 6.

24th In § 4 para. 6 of the first sentence, the word "h)" is replaced by "g)".

25th In § 4 para. 6 of the third sentence, the word "order" the words "
Czech Republic."

26th In § 4 para. 6 of the last sentence, the words "list of auditors" are replaced
words "register under § 12".

27th In § 5 para. 1 introductory part of the word "also" be deleted and
word "company" the words "or an audit
person from another Member State."

28th In § 5 para. 1 point. a) after the word "shall" the words "for
such person" and the words "on behalf of" shall be deleted.

29th In § 5 para. 1 letters b) and c) are added:

"B) a majority of the voting rights in it have statutory auditors
auditors from another Member State, the audit firms or audit
person from another Member State

C) A majority of members of the management body of the statutory auditors, auditors
another Member State, the audit firms or audit
person from another Member State; if the governing body of the person concerned two members must meet the conditions set
least one of them. "

30th In § 5 para. 1 point. d) the word "statutory"
replaced by the word "control" after the word "integrity", the words "
members of the governing body that is not the auditor," and the words "§ 4 para. 2 and § 5. 2 "is
replaced by" § 4 para. 2 point. a) and b) and § 5 para. 4 point. ) and
b) ".

31st In § 5 para. 1 after letter e) the following new paragraph f), which reads:

"F) ceased the activity to which it applies restrictions set out in § 23".

Existing letters f) to h) shall be designated as letters g) to i).

32nd In § 5 para. 1 letter g) reads:

"G) does not have the application date recorded back taxes, levies, fees and other
similar cash transactions, including related
fines and penalties and the costs or outstanding premiums for public health insurance
or social security insurance and
contribution to the state employment policy, including penalties, except
cases when payment was approved by installments and not in default with
installment payments, unless the person before applying for
of audits shall not carry out its activities in the Czech Republic
".

33rd In § 5 para. 1 letter h) shall be deleted.

Previous Point i) is denoted as Point h).

34th In § 5 after paragraph 1 new paragraphs 2 and 3 are added:

"(2) At the request of the Chamber shall grant audit authority legal entity
before it occurs, if it is established as a joint stock company,
public company, limited company, a limited liability
, a European Company or European economic interest
associations, and proves compliance with the conditions set out in paragraph 1.
A) to d). This person arises audit authority on the date of entry into

Commercial Register. If this does not give a person an application for registration within 90
days of receipt of the audit authority or unless within that period, the draft
upheld decide the Chamber of failure to fulfill the conditions for the emergence
audit authority.

(3) The Chamber shall register the audit firm to register and assign it a registration number


A) the date of coming into force of the audit authority, in the case of
legal entity referred to in paragraph 1

B) within 5 days from the date the Court of registration shall notify the Chamber
publication of data on its registration in the commercial register, if it is a legal person
mentioned in paragraph 2. ".

Paragraphs 2 to 4 shall be renumbered as paragraphs 4 to 6

35th In § 5, paragraph 5 reads:

"(5) In order to demonstrate the integrity of a legal person under paragraph 1
point. h), the Chamber requests an extract from the criminal records. ".

36th In § 5, after paragraph 5, the following paragraphs 6 to 10 are added:

"(6) In order to substantiate the applicant's integrity pursuant to paragraph 1. h)
applicant shall submit a State other than the Czech Republic,
extract from the criminal records or an equivalent document issued by a competent judicial or administrative authority
this state. If this does not issue state
extract from the judicial record or equivalent document, the applicant shall submit an affidavit of
integrity. These documents may not be the application date older than 3 months
.

(7) To document integrity member of the governing body § 4 para. 4 and 5
and § 5 para. 5 and 6 shall apply mutatis mutandis.

(8) The fulfillment of the conditions referred to in paragraph 1. g) the applicant demonstrates
relevant certificates to the application date are not older than 30 days
.

(9) At the request of the Chamber shall issue audit also authorized an audit of the person
third country if it fulfills the conditions set by international treaty
which is part of the legal order of the Czech Republic, and it can be shown that
authorized to perform audit activities in a State that is a contracting party to this
international treaty that commits Czech Republic
ensure audit entities from third countries that State
approach to the implementation of the statutory audit.

(10) Auditors person from another Member State and
audit entity from third countries who have been granted permission auditor shall be deemed
auditing firm pursuant to this Act. ".

Existing paragraph 6 shall be renumbered 11th

37th In § 5, paragraph 11 shall be deleted.

38th § 6 and 7, including the title added:

"§ 6

Suspension of audit activities

(1) The Chamber shall suspend the statutory auditor performing audit activities, if
been instituted against him criminal prosecution for a crime committed intentionally
, until the coming into force of the decision establishing the
prosecution ends.

(2) The Chamber may suspend the statutory auditor performance audit
activities if against him criminal prosecution for a criminal offense committed
negligence in connection with the implementation of audit
activity or if the proceedings on the restriction his incapacitation.
Performance auditing activity may be suspended for the following reasons longest
to the coming into force of the decision establishing the
criminal prosecution or proceedings on legal capacity restriction ends.

(3) The Chamber shall suspend the audit company performing audit activities, if
been instituted against him criminal prosecution for a crime committed intentionally
, until the coming into force of the decision establishing the
prosecution ends.

(4) The Chamber may suspend auditing company performance audit
activities if it was against prosecution for a criminal offense
committed through negligence in connection with the performance of audit activities.
Performance auditing activity may therefore be suspended for a maximum
to the coming into force of the decision establishing the criminal prosecution
ends.

(5) During the suspension of the auditing activity

A) the auditor is entitled to perform audit activities

B) the statutory auditor suspends the function in the
Chamber pursuant to § 32 par. 1 point. b) to d) and the Presidium of the Council

C) the statutory auditor can not be elected to the bodies of the Chamber in §
32 paragraph. 1 point. b) to d)

D) shall not affect the auditor's responsibilities under this Act.

(6) The auditor shall immediately notify in writing the Chamber of reality

Under paragraphs 1 to 4 to the notification a copy of the relevant decisions.

§ 7

Prohibition of the auditing activity

(1) The statutory auditor shall not perform audit activities with

A) it was imposed a disciplinary measure prohibition of performance of audit activities

B) he was sentenced to disqualification under other legislation
of prohibiting their audit activities

C) is in arrears with payment of contributions to the Chamber
longer than 1 year and not pay a contribution to the written request of the Chamber of spare
one-month period, starting from the first day following the expiration of spare futile
period or

D) has been restricted in legal capacity.

(2) Audit firm shall not perform audit activities with

A) it was ordered to ban performance of audit activities

B) ceases to meet any of the conditions set out in § 5 para. 1
point. a), b) or c) and fails to remedy this situation within six months from the date of
breach of this condition, from the date of expiry of this deadline,

C) she was sentenced to disqualification under other legislation
of prohibiting their audit activities or

D) is in arrears with payment of contributions to the Chamber
longer than 1 year and not pay a contribution to the written request of the Chamber of spare
one-month period, starting from the first day following the expiration of spare futile
period.

(3) The Chamber shall prohibit the performance of audit activities, provided

A) the statutory auditor ceases to satisfy the requirement of good repute

B) the statutory auditor ceases to satisfy the requirement under § 4 para. 1
point. e)

C) auditing company ceases to satisfy the requirement of good repute

D) the audit firm ceased to meet the requirement under § 5 para. 1
point. d) and correct, if this status within 6 months from the date on which he ceased
meet this requirement from the date of expiry of this deadline, or

E) the audit firm ceased to meet the requirement under § 5 para. 1
point. F).".

39th Under § 7 following § 7a to 7c, which, including the title added:

"§ 7a

Permanent prohibition of performance of audit activities

(1) The auditor shall perform audit activities when he was ordered
of permanent prohibition of performance of audit activities pursuant to § 25 par. 1
point. E).

(2) The Chamber banning permanently auditors from performing audit activities if
performed audit work at the time was prohibited from performing audit
activities under § 7.

§ 7b

Other reasons for termination of the right to perform audit activities

(1) The Chamber shall decide on the termination of the authorization to perform audit activities
if the auditor requests in writing, not later than 30 days from the date
delivery to the Chamber a request, unless the request mentions a day later.
Unless the Chamber in this period, the authorization to perform audit activities
expiry of the deadline expires.

(2) Statutory auditor expires authorization to perform audit activities
if he died or been declared dead, on the date of death or the date
who is considered the day of his death.

(3) Audit Company terminates the authorization to exercise
audit activity is extinguished, on the day of her disappearance.

(4) The procedure for termination of the right to perform audit activities pursuant to paragraph 1
Chamber interrupted, if not terminated disciplinary proceedings
quality control or other proceedings conducted by the Chamber or the Council, or the absence
auditor fulfilled all obligations towards the Chamber and the Council, until the end of the
management or control, or to fulfill those obligations.

§ 7c

Common provisions for the suspension, prohibition or permanent prohibition of performance of audit activities


(1) auditor, who is disabled or permanently prohibited from performing audit
activity ceases authorization to perform audit activities.

(2) the expiration of a performance audit activity is not affected
confidentiality obligation under § 15, the obligation to keep
documentation and audit file under § 20a paragraph. 2 and
obligation to comply with the ban according to § 45 paragraph . 4th

(3) asks if the person to whom perished authorization to perform audit activities
under paragraph 1, of the issuance of the audit authority within the deadline, which is
less than 5 years from the date of termination of the authorization to perform audit activities,
§ 4, paragraph. 1 point. d), f) and h) does not apply.

(4) A person who ceases to exist the auditing activity ban

Under § 7 para. 1 point. a) and b) or § 7 para. 2 point. a) and c) may apply for a
audit authority after expiration of the period for which he was
prohibition of performance of audit activities stored.

(5) Information about the suspension or termination of the authorization to perform the audit
activity and the reasons for the Chamber without delay in the register. About
such matters to the Council Chamber and the competent authority of the Member State
in which the auditor is authorized to carry out the statutory audit. ".

40th In § 8. 1 point. h) the words "statutory audit" is replaced
"audit activity".

41st In § 8. 1 point. i) the words "or more" shall be replaced
"issued by the International Auditing and Assurance Standards and".

42nd In § 8 par. 3 first sentence, the words "higher test"
words "by state tests" and the number "7" is replaced by
'5'.

43rd In § 8. 5 second sentence, the word "done" is replaced by
"composed", "3" is replaced by "5" and "not recognize" the
replaced by "recognized within 5 years date of their composition. "

44th In § 8. 6, the words "economic and legal" is deleted and the word
"practice" the words "in the areas referred to in paragraphs 1 and 2".

45th In § 8. 6, the last sentence is deleted.

46th In § 8 after paragraph 6 the following paragraph 7 is added:

"(7) The applicant may apply in writing to the Chamber on the peer review, and it
within 15 days of the date on which the applicant was a result of the respective test
notified. The review carried out by the Board of Examiners composed of members
examiners, who decide cases on the outcome of split testing. Appeals
Examination Committee appointed by the Council. ".

Former paragraphs 7 and 8 are renumbered 8 and 9

47th In § 8. 9 point. d) the words "sub-tests" are replaced
"split test" and the words "or aptitude test" shall be replaced
"or part of the aptitude test".

48th In § 8. 9 point. f) the word "and" is replaced by a comma.

49th In § 8, at the end of paragraph 9 is replaced by a word "and" and the following
letter h), which reads:

"H) details on the review of the evaluation of the examination committee.".

50th In § 10 paragraph. 3 first sentence, the word "formal" is replaced by
"achievements".

51st In § 10 paragraph. 3, second sentence, the word "generally" is deleted.

52nd In § 10 paragraph. 4 the words "paragraph 1" is replaced
"authorized to perform audit activities in another Member State or
Swiss Confederation".

53rd In § 10, paragraph 7 is deleted.

54th Under § 10 the following § 10a, including the heading reads:

"§ 10a

Approval of auditors from third countries

(1) On the basis of reciprocity, allowing an auditor from a third country to carry out
audit activities, if the employer complies with requirements equivalent
requirements specified in § 4 and pass the differential examination, unless evidence of formal
skills demonstrated knowledge of all areas
listed in § 8. An aptitude test will be held in Czech language.

(2) Auditors from third countries referred to in paragraph 1 is considered
auditor under this Act. Third-country auditor shall audit the Chamber
authorization within 30 days of the date of fulfillment of the conditions referred to in paragraph
first. "

55th Heading positioned above the designation of § 11 is replaced by "Index
auditors".

56th § 11, including footnote no. 15 reads:

"§ 11

(1) The Chamber keeps a register containing information about

A) statutory auditors

B) audit firms

C) auditors from another Member State or the Swiss Confederation,
who perform audit activities in the Czech Republic temporarily or occasionally
,

D) Assistant Auditor

E) persons authorized under § 47.

(2) The register also includes registered address and contact information of the Chamber and the Council
and their authorities responsible for quality control according to § 24 and § by management
26th

(3) The register is maintained in electronic form.

(4) The information in the register kept in the Czech language.

(5) The information contained in the register, with the exception personal identification number, date
birth, home address and an admonition, publicly accessible on the website of the Chamber
.

(6) Data on the auditor's assistants are not published.


(7) The Chamber may in the Statute of the Chamber provide that the public part
Index recorded as other necessary data.

(8) The data in the register in the Czech language and duly signed forwards
Chamber without undue delay, the person to whom the data relates. If
data transmitted in electronic form must be signed with a recognized electronic signature
^ 15).

(9) Data entered in the Register or changes to the persons referred to in paragraph 1
to promptly notify the Chamber. The Chamber may at
failure to notify changes and of the serious impact of the lack of notification to initiate proceedings under § 26th


15) Act no. 227/2000 Coll., On electronic signatures and amending certain
other laws (Electronic Signature Act), as amended
regulations. ".

Footnote. 14 is deleted.

57th § 12 reads:

"§ 12

Index contains the following information concerning statutory auditors:

A) the name, personal identification number, unless birth identification number, date of birth, home address
if the entrepreneur, the entrepreneur name, registered address and identification number
person

B) website address, if it is established,

C) the date of the audit authority,

D) the registration number given to him the day of coming into force
audits shall be allocated (hereinafter "registration number")

E) the name of the audit firm by which the statutory auditor
employed or with which it is associated as a partner or otherwise, the address of its registered office
and its registration number, or the name of the statutory auditor performing the audit function
own name and on its own account, with
who is employed, the address of its registered office and its registration number, if
exist

F) a summary of the measures imposed including the type of measure and because
store. ".

Footnote. 15a is repealed.

'58. Under § 12, the following new § 12a-12e are inserted:

"§ 12a

Index contains the following information about audit firms:

A) the name, registered address and identification number of the person

B) information about members of the management body

First for individuals name, social security number, unless
personal identification number assigned, date of birth, home address, if an entrepreneur, a businessman
name, registered address and identification number of the person

Second u corporate name, registered address and identification number of the person
been allocated, and the name and address of the residence of a natural person in the exercise of her functions
represents

C) the name and address of residence or name and address of the entrepreneur
addresses of all shareholders, including the extent of their voting rights,

D) information on contact points, the name and address of the contact person

E) the website address, if it is established,

F) the date of the audit authority,

G) registration number,

H) the name and registration number of the statutory auditors carrying out the statutory audit
to the firm on the basis of employment or other relationship
,

I) any member of the network and a list of the names and addresses of member
companies and related entities or indication of the place where such information is publicly available
,

J) all other registration audit firm with
competent authorities of other Member States and audit entities in third countries
of the registration authority or authorities, and
registration number or numbers, if any,

A) an overview of the measures imposed including the type of measure and because
store.

§ 12b

In the case of persons referred to in § 11 para. 1 point. c) to register
records should be specified in the notification pursuant to § 10. 5th

§ 12c

Index contains the following data assistant auditor:

A) the name, personal identification number, unless birth identification number, date of birth,
address, address for correspondence, if not identical
residence address,

B) name of the audit company which performs professional practice
address of its registered office and its registration number or name
statutory auditor performing the audit function on its own behalf and on
own account that performs professional practice , the address of its registered office and its registration number
,

C) the date of registration,

D) the registration number given to him during registration allocated.

§ 12d

In the case of persons registered pursuant to § 47 shall be entered in the register

Information pursuant to § 12 and 12 provided the following persons abroad
recorded.

§ 12e

(1) For the purpose of keeping a register and write data to it utilizes Chamber

A) the reference data from the basic register of residents,

B) data from the agenda information system of civil registration

C) data from the foreigners information system.

(2) used by information under paragraph 1. a)

) Name,

B) the name or names,

C) date of birth,

D) address of residence,

E) the date of death; if it is issued by a court decision declaring the death,
day that is stated in the decision as the date of death or the date on which the data subject
declared dead survived, and
effective date of this decision, | ||
F) citizenship, or multiple citizenships.

(3) used by information under paragraph 1. b)

A) the name or names and surnames,

B) date of birth,

C) identification number,

D) citizenship,

E) address of permanent residence,

F) the date of death,

G) a day, which was in the court decision on declaration of death listed as
date of death or the date on which the data subject declared dead
survived, h) restrictions on legal capacity.

(4) used by information under paragraph 1. c)

A) the name or names and surnames,

B) date of birth,

C) citizenship, or multiple citizenships,

D) the type and address of residence,

E) the date of death,

F) a day, which was in the court decision on declaration of death listed as
date of death or the date on which the data subject declared dead
survived.

(5) Data that are kept as reference data in the basic register
population, the use of records information system
residents or foreigners information system only if they are in the shape
previous temporary situation .

(6) The data can be used in a particular case to use only such
data that are necessary to fulfill the task. ".

59th In § 13 of the first sentence, the word "his" is replaced by "audit".

60th In § 13, second sentence, the words "and the performance of audit activities
as activities in the public interest" are deleted.

61st In § 13 of the last sentence, the words "processing" is replaced
"edition of the Code of Ethics Chamber" and the words "International Federation of Accountants'
be replaced by" the International Committee for Ethical Standards
accounting ".

62nd In § 14 para. 1, first sentence, the words "and not be" replaced "
particular, may".

63rd In § 14 para. 1, second sentence, the word "code" words "by
§ 13" and the word "other" is deleted.

64th In § 14 para. 2, after the word "auditor" the words "with the financial
unit".

65th In § 14 paragraph 5 reads:

"(5) If a statutory auditor audit work for audit
company, not shareholders, senior management or members
management and control bodies of the audit firm or
related entities of the audit company to intervene in the execution
audit activities in a manner which jeopardizes the independence and impartiality
statutory auditor in carrying out this audit activities. ".

66th In § 14, after paragraph 5 the following paragraph 6 is added:

"(6) If the statutory auditor for audit activities
statutory auditor performing the audit function
own name and on its own account, the statutory auditor, for whom
audit work carried out and its leaders employees, intervene in
perform audit activities in a manner which jeopardizes the independence and impartiality
statutory auditor in carrying out this audit
activity. ".

Former paragraphs 6 and 7 become paragraphs 7 and 8

67th In § 14 par. 7, the words "statutory auditor and audit
society" be replaced by "audit".

68th In § 14 para. 8, the word "mandatory" is replaced by "obliged".

69th In § 15 para. 1, the word "mandatory" is replaced by "obligated" and
words "which audits" are replaced by "in which performing audit
activity".

70th In § 15 para. 1, the second sentence is replaced by the phrase "
This obligation also applies to the auditor that the audit engagement has stopped working,

Auditor who has been suspended from performing audit activities or who disappeared
authorization to perform audit activities, members of the Presidium of the Council
members of the Chamber's bodies, employees of the Chamber and the Council, quality controllers and
further persons that on the basis of a mandate by the Council or the Chamber
have or have access to such information, employees, auditors, shareholders and members
bodies of audit firms. ".

71st In § 15, at the end of the text of paragraph 3, the words "and made
auditing activities".

72nd In § 15 para. 4 point. a) after the word "information" the words
'Council for the purpose of exercising its jurisdiction pursuant to § 37 para. 2 ".

73rd In § 15 para. 4 point. b) the word "implementing" shall be inserted
"mandatory".

74th In § 15 para. 4 letter d) reads:

"D) the documents provided by the Council of the competent authority of another Member State
according to § 42 para. 1, or the competent authority of the third country
according to § 49, or an auditor of the competent authority of the third country in accordance with § 49 para.
4 ".

75th In § 15 para. 4 Point d) a new point e), added:

"E) provision of information quality controller for inspection
quality".

Existing letters e) and f) are renumbered f) and g).

76th In § 15 para. 4 point. f) the word "or" is deleted.

77th In § 15 para. 4 point. g) the words "or provide information to the court"
and the word "statutory" is deleted and at the end of the subparagraph
period is replaced by a comma and letter h), which reads:

"H) compliance with statutory duty to prevent or report
criminal offense.".

78th In § 16, the introductory part of the word "price" is replaced by
"Reward".

79th In § 16 point. b) the word "conditional" is replaced by "affected".

80th In § 17 para. 1, first sentence, the word "audit" is replaced
"audit firm or statutory auditor performing the audit function
own name and for its own account".

81st In § 17 para. 1, second sentence, the word "supervisory"
replaced by the word "control" and at the end of the text of the second sentence, the words "on condition
that its members are not members of the management body."

82nd In § 17 para. 1, the last sentence deleted.

83rd In § 17 after paragraph 1 the following paragraphs 2-5 are added:

"(2) If the entity that is a contracting authority
under the law regulating public procurement, the obligation to have their financial statements audited of
consolidated financial statements audited,
procedure under paragraph 1 does not apply if the audit firm
or statutory auditor performing the audit function
own name and on its own account designated by the law regulating the procedure
public contract, provided that the method of appointment of the auditor is independent members of the governing
body of the audited entity.

(3) When an entity without legal personality
obligation to have financial statements audited, the audit firm or determined
statutory auditor performing the audit function
own name and for its own account as described in Section 1

A) Management Company, in the case of a mutual fund managed by him or
subfund

B) Management Company, in the case of a trust fund under the law regulating
investment companies and investment funds

C) pension company, if it is a she-managed subscribers,
transformed or pension fund

D) the person who set up the case of an entity that is a subsidiary.

(4) If an entity has an obligation to have financial statements verified
auditor and can not determine the audit firm or statutory auditor
executing audit activities in its own name and for its own account
accordance with paragraphs 1-3 , designate an audit
company or statutory auditor performing the audit
its own name and for its own account in a manner that is independent
to members of the governing body of the audited entity.

(5) A person who acts on behalf of the entity is authorized to conclude
contract on statutory audit only with an auditor designated pursuant to paragraphs 1
2, 3 or 4. ".

Paragraphs 2 and 3 shall become paragraphs 6 and 7.

84th In § 17 para. 6 the words "internal regulations" are replaced
"auditing standards in accordance with § 18".


85th In § 17 par. 7, the term "auditor" is replaced by "audit
companies or statutory auditor performing the audit
its own name and for its own account".

86th § 18 including the title and footnote no. 17 reads:

"§ 18
Auditing standards


Auditor in carrying out audit activities in accordance with
Auditing Standards as adopted by the EU-17) as
auditing standards issued by the Chamber, which sets out procedures
auditor in performing audit activities, not auditing standards || | adopted by the European Union. If the special nature of the verification of other economic information
does not do so, the auditor
into account in the verification of other economic information to those
audit standards and is appropriately used. List of ISAs
governed by European Union law and auditing standards issued by the Chamber
and their current wording Chamber publishes on the web site
Chamber.

17) Art. 26 Directive of the European Parliament and Council Directive 2006/43 / EC, as amended
Directive of the European Parliament and Council Directive 2008/30 / EC. ".

87th In § 19 para. 1, second sentence, the words "and the auditors and audit
companies authorized to perform statutory audits in other Member States and
auditors or audit entities from third countries"
replaced by "auditors from another Member State or audit
individuals from another Member State, auditors from a third country or
audit entities from third countries ", the word" same "is deleted and the words
", which is listed "are replaced by" listed ".

88th In § 19 paragraph 2 reads:

"(2) If a significant portion of statutory audits in
entity from a third country to have its competent authorities not closed
working arrangements referred to in § 49 para. 1 point. d) the group auditor
at the request of the Council, shall submit documentation of the audit
carried out on this subject by one or more auditors
auditors from another Member State or audit entities from another Member State
, auditors a third country or audit entities from third countries
to the extent necessary for the statutory audit of the consolidated financial statements
. ".

89th In § 20 par. 1 letter a) reads:

"A) the introduction, in which the auditor shall

First Entrepreneurs name, address or registered office address, if different from the registered address
with the audited entity that is an individual
or foreign person or the name and address of the registered office of
audited entity that is a legal entity, or the name and address of the branch office
business establishment or organizational component in the audited financial
unit, which is a foreign legal entity, the identification number of the person
if the entity assigned, and

Second identification of the financial statements and consolidated financial statements
units referred to in paragraph 1, including placing the balance sheet date or other
moment at which the financial statements and consolidated financial statements prepared
, and identification of the accounting period for which it is prepared and
identification of the applicable financial reporting framework, based on which
's financial statements are prepared. "

Footnote. 18 is deleted.

90th In § 20 paragraph 3 reads:

"(3) The statutory auditor shall indicate in the auditor's name entrepreneurs
registered address, registration number, signature and date of issue.".

91st In § 20, after paragraph 3 the following paragraph 4 is added:

"(4) The auditor in the auditor's report shall state the name, address
headquarters, registration number and names of the statutory auditors who audit the company for
drafted a report auditor
their registration numbers, their signature and date copy. ".

Former paragraphs 4-7 become paragraphs 5 to 8

92nd In § 20 par. 5 of the first sentence, the word 'statutory' is replaced
's control. "

93rd In § 20, paragraphs 6-8 deleted.

94th Under § 20 the following § 20a, including the heading reads:

"§ 20a
Working papers


(1) The course of the audit activities leading auditor file that contains information
by ISAs.

(2) Audit firm or statutory auditor performing the audit function
own name and for its own account holds
file for at least 10 years from the date of the auditor's report.


(3) The right of access to documents have

A) the group auditor in accordance with § 19

B) Disciplinary Committee of the Chamber for the purpose of proceedings under § 26

C) Supervisory Commission, and quality controllers for quality control purposes,

D) Presidium members and persons authorized by them for the purpose of § 37 para. 2

E) employees of the Czech National Bank, if it needs to exercise supervision over the financial market
,

F) the court when it relates to civil proceedings auditor's activity,

G) criminal justice, when it relates to criminal proceedings activity
auditor. ".

95th In § 21 para. 1, letter b) shall be deleted.

Existing letters c) to e) shall become letters b) to d).

96th In § 21 para. 1 at the end of the text of letter b) the word "and" is replaced
comma.

97th In § 21 para. 1 at the end of the text of letter c)
comma replaced by the word "and".

98th In the 21 paragraph. 1 point. d) after the word "Council" the words "and
provide it with necessary assistance."

99th In § 21 para. 2, third sentence, the word "statutory" is deleted.

100th In § 21 para. 2 sentence of the fourth, the words "Statutory auditor"
replace the word "auditor".

One hundred and first In § 21 para. 2 fifth sentence, the word "statutory" is deleted.

102nd Footnote. 19 is deleted, including the reference to
footnote.

103rd In § 21 para. 5, the word "must" is replaced by "is obliged
" and "statutory and supervisory" is replaced by "command and control
".

104th In § 21 par. 7, the words "on behalf of the audit firm"
replace the words "to the firm."

105th In § 21, paragraph 8 shall be added:

"(8) Statutory auditor performing the audit function
own name and on its own account or an audit firm are required
take such measures that, when they can be reasonably expected to

A) prevent violations of obligations under § 25 par. 1
statutory auditor who performs them for audit activities, or

B) avert the consequences of a breach of these duties by the statutory auditor, who
for them to perform audit activities. ".

106th In § 22, the words "Statutory auditor and audit firm"
replaced by "The auditor and statutory auditor
performing audit activities in its own name and for its own account".

107th In § 23 para. 1, the word "auditor" is replaced by "Except
audit work auditor".

108th In § 23 para. 2, letter b) shall be deleted.

Existing letters c) to g) are marked as letters b) to f).

109s. In § 23 para. 2 point. c) the word "economic" shall be deleted.

110th In § 23 para. 2 at the end of letter f) is replaced by a comma and
subparagraph g), added:

"G) the mediator.".

111th § 24 including the title reads:

"§ 24

Quality control system

(1) The auditor shall be subject to quality control system, which is aimed primarily
check whether the auditor in carrying out audit activities
under this Act, in particular in accordance with auditing standards
according to § 18, the ethical Code pursuant to § 13 of the internal regulations of the Chamber.

(2) The quality control system organized and managed by the Chamber in accordance with
supervisory regulations, quality control plan and the recommendations issued by the Council
according to § 38 par. 2 point. h).

(3) Quality control system must meet the following criteria:

A) is controlled independent auditor

B) subject to public supervision under Title VI

C) its financing is secure and should not be negatively affected by
the auditors

D) quality control inspector performs quality

E) the quality control is done by the auditor at least once every 6 years

F) quality control of the auditor who carries out the statutory audit of public-interest entity
, conducted at least once every three years.

(4) The Chamber accepts the supervisory procedure, which is an internal regulation of the Chamber and
which also stipulates the conditions of the organizational and staffing
quality control system, the details of the implementation of quality control
quality controllers and process the reports of inspection qualities.

(5) Council approves plan for quality control by the Chamber
least once each calendar half.
Quality control plan contains the name of the auditor, in which quality control is planned, name
quality controller in charge of the quality control term

Perform quality control and quality controller statement
to meet the requirements specified in § 24b paragraph. 1st

(6) Once a year, the Chamber issued a summary report on quality control in
which provides significant findings, repeated shortcomings
internal quality management systems auditors arising from
conducted quality checks. The Chamber shall deliver to the Council and simultaneously published on the website of the Chamber
. ".

112th Under § 24, the following new § 24a to 24c, including the title added:

"§ 24a


Quality Controller
(1) The quality controller can be only natural person who

A) in higher education, at least in the context of
accredited bachelor degree or completed a study that
recognized by the Member State as part of his undergraduate
system and the completion of which provides him with a higher education qualification,

B) has at least three years of practical experience in accounting or statutory audit and


C) passed the quality control training for the Chamber.

(2) For the purposes of the common quality control according to § 24c of the controller
quality also means a person authorized by the competent authority of the third country to participate in the joint
quality control.

(3) Before performing quality control demonstrates quality controller Chamber
affidavit meet the requirements of § 24b paragraph. 1st

§ 24b
Quality control


(1) Quality control must be performed quality controller if

A) is controlled by the auditor in a conflict of interest

B) is controlled by the auditor in business, employment or other relationship
,

C) is a member of the management, control or supreme authority
inspected auditor or

D) at least two years have elapsed from the date on which it ceased to be controlled
auditor in relation referred to in subparagraphs b) and c).

(2) The term quality control determined by the Chamber and notified to the auditor
least 30 days before the date of commencement. Date of notification deadline
quality control until the date of completion of the control, not the auditor
and its key audit partner to request termination of the performance audit
activities pursuant to § 7b paragraph. 1st

(3) When the quality control and quality controller examines selected writings
auditor and assess in particular whether the auditor acting in accordance with Auditing Standards
according to § 18, demands for independence, quantity and quality of resources spent
including compliance with requirements for continuous
education, the amount of audit fees and internal quality control system at
auditor.

(4) The auditor shall submit a list of quality auditors audited persons and
request to the files and other related documentation required to perform
quality control, quality controller that you require, and
provide necessary assistance.

(5) The quality control, quality controller shall prepare a report indicating
identified shortcomings, and this report will discuss with the auditor.
In the quality control report indicating quality controller and any recommendations
the findings of the quality control and deadlines for their implementation, which
not be longer than 12 months. Report on quality control, quality controller transmits
Chamber, which keeps the quality control report
At least 7 years from the date of completion of quality control.

(6) The auditor is obliged to implement the recommendations contained in the report of
quality control within the prescribed period.

§ 24c

Common quality control

Under the terms of working arrangements in accordance with § 49 para. 1 point.
D) The Council may allow the implementation of a joint quality control with participation of people
authorized by the relevant authorities of the third country. Joint control
quality is supervised by the Council. The Council set the date for implementation of a joint
range of quality control in accordance with the working arrangements. ".

113th In the heading of Title III, the words "and disciplinary measures" are replaced by "
and other measures and disciplinary and different."

114 respectively. In the heading of § 25, after the word "disciplinary" the words "and others".

115th In § 25 par. 1 introductory part of the provision reads:

"For breaches of the obligations stipulated by this law, other legal
regulation governing the performance of audit work, work ethic,
internal regulations of the Chamber or auditing standards in accordance with § 18 (
hereinafter referred to as" disciplinary offense ") may chamber statutory auditor
save some of these measures. "


116th In § 25 par. 1 letter d) reads:

"D) prohibition of performance of audit activities for a maximum period of 5 years."

117th In § 25 par. 1 point. e) the words "according to § 7" are deleted.

118th In § 25 par. 2, the word "punitive" deleted.

119th In § 25 paragraph 3 reads:

"(3) For violation of the obligations set out in § 21 para. 8, the chamber
auditing company to impose measures pursuant to paragraph 1 that
fine pursuant to paragraph 1. c) stores up to 5 million CZK. ".

120th In § 25 after paragraph 3 new paragraphs 4 and 5 are added:

"(4) For violation of the obligations set out in § 21 para. 8, the chamber
statutory auditor executing audit activities
own name and on its own account to impose measures pursuant to paragraph 1

(5) For violation of obligations stipulated by this law, other legal
regulation governing the performance of audit work, work ethic,
internal regulations of the Chamber or auditing standards in accordance with § 18
made in the activities of the audit firm which is a disciplinary offense
statutory auditor, the audit chamber saves
company measures pursuant to paragraph 1 that the fine pursuant to paragraph 1
point. c) stores up to 5 million CZK. ".

Former paragraphs 4-8 become paragraphs 6 to 10

121st In § 25 par. 6, the word "punitive" and deleted at the end of the text
paragraph, the words "and audit firms are fine saves up to
10 million CZK.".

122nd In § 25 par. 7, the words "Disciplinary proceedings" be replaced by "Control"
number "3" is replaced by "6" and at the end of the text paragraph shall be added
words "; in the event of termination of the authorization to perform audit activities
this period is not running. "

123rd In § 25 par. 8, the word "disciplinary" is deleted.

124th In § 25 par. 9, the word "disciplinary" be deleted and the word "offense" is
replaced by "such a breach of duty."

125th In § 25 paragraph 9 the following paragraph 10 is added:

"(10) The decision to impose a public admonition performs chamber
publication. This decision is executed on the date it was published.
Content and form of public reprimand and method of publication determined
disciplinary committee this decision. ".

Existing paragraph 10 shall be renumbered 11th

126th Under § 25 the following § 25a, including the heading reads:

"§ 25a
Culpability


(1) The culpable disciplinary offense is considered a disciplinary offense committed
intentionally or negligently.

(2) Disciplinary offense is committed intentionally if the statutory auditor

A) wanted their actions violate or compromise the interest protected by
law, other legislation governing the performance of audit activities
code of ethics, internal regulations of the Chamber or auditing standards
according to § 18 or

B) knew that their actions might violate or compromise the interest protected
this Act, other legislation governing the performance audit
activity code of ethics, internal regulations of the Chamber or auditing standards
according to § 18 and in case it breaks or threaten, it was with
understand.

(3) Disciplinary offense is committed through negligence, if the statutory auditor


A) knew that their actions might violate or compromise the interest protected
this Act, other legislation governing the performance audit
activity code of ethics, internal regulations of the Chamber or auditing standards
according to § 18, but without adequate reasons relied on the fact that
this interest does not violate or compromise, or

B) knew that their actions might violate or compromise the interest protected
this Act, other legislation governing the performance audit
activity code of ethics, internal regulations of the Chamber or auditing standards
according to § 18, though given the circumstances and by his personal circumstances
should and could have.

(4) The negotiations also means the omission of such conduct to which he
statutory auditor in accordance with the circumstances and his personal situation obliged. ".

127th In the heading of § 26, the words "Disciplinary" is replaced by "the Disciplinary and different."

128th In § 26 par. 1, the word "disciplinary" be deleted, after the word "Chambers" with
words "in the proceedings ex officio or" and the words "or
motion" shall be deleted.

129th In § 26 after paragraph 1 new paragraphs 2 and 3 are added:


"(2) The petition must contain the name of the auditor, against which the proposal is directed
description of the act for which it is proposed to initiate proceedings, marking evidence on
which the application is based, and a proposal to impose a particular measure. The application connects
evidence that the applicant is available. The disciplinary committee is not
proposal to impose measures tied.

(3) Participants in proceedings brought by the petitioner and the auditor
against which the petition is directed. ".

Paragraphs 2 and 3 shall become paragraphs 4 and 5.

130th In § 26 par. 4 of the word "disciplinary" and "punitive" deleted.

131st In § 26 par. 5, the word "disciplinary" is deleted.

132nd In § 26 paragraphs 6 and 7 are added:

"(6) It asked the Disciplinary Committee of the Chamber of decision management
ending the auditor violated the obligations stipulated by this law, other legislation governing
performance of audit activities
ethical code, internal Comoros regulations or auditing standards according to §
18 stores simultaneously in the auditor's decision to pay the costs
borne by the Chamber. Costs establishes the Disciplinary Rules, and that the amount
not higher than 6000 CZK.

(7) The proceedings and outcome of the disciplinary commission of the Chamber informs
Supervisory Commission and the Council. ".

133rd § 27 including the title reads:

"§ 27

Striking Out of Disciplinary and other measures

(1) The Chamber shall destroy the measures lapsed

A) the date on which the decision to impose an admonition
period of 1 year,

B) the date on which the decision on imposing a measure of public
admonition or by payment of a fine period of 2 years

C) the date on which the action ended the ban on auditing activities, time
4 years.

(2) If the measure annulled, the auditor can not be regarded as though
guilty of wrongdoing.

(3) expunged measures must be published in the register. ".

134th In § 28 para. 1, "the list a"
replace the word "register".

135th In § 28 para. 2 of the introductory part, the words "List of Assistant Auditor
" replaced by the word "register".

136th In § 28 par. 2 letter a) reads:

"A) fully own right".

137th In § 28 at the end of paragraph 2 is replaced by a word "and" and
letter d), which reads:

"D) exercise of professional experience in audit.".

138th In § 28 at the end of the text of paragraph 3, the words "and 5".

139th In § 28, the following paragraph 4 is added:

"(4) The Chamber shall delete from the register assistant auditor if

A) a request in writing, not later than 30 days from the day when the
Bar received the request, unless the request mentions any later date,

B) has died or been declared dead, and the date when the fact that
learned

C) became a statutory auditor as of the date of registration, or

D) ceased to meet any of the conditions referred to in paragraph 2, the
day when aware of such fact. ".

140th In § 29 para. 1 the words "audit of annual accounts and consolidated accounts
" is replaced by "auditing activity, especially
statutory audit."

141st In § 29 par. 2 point. c) the word "punitive" deleted, as
word "measures" the words "pursuant to § 25 par. 1 point. d)
or similar measures in another Member State "and the words" temporarily disabled "are replaced
word" suspended ".

142nd § 30 including the heading deleted.

143rd In § 31 para. 1, the word "statutory" and the words "based in Prague"
deleted.

144th In § 31 para. 1, a sentence added after the first sentence, "The Chamber has its headquarters in Prague
.".

145th In § 31 par. 2 point. b) the words "statutory auditors, audit firms
" be replaced by "auditors".

146th In § 31 para. 2 at the beginning of the letter c) the words'
after consultation with the Council ", the word" international "shall be deleted and the words
" European Communities "is replaced by" European Union ".

147th In § 31 par. 2 point. d) the words "a list of auditors in accordance with § 11 and
list of assistant auditors pursuant to § 30" replaced "by the register."

148th In § 31 par. 2 letter g) reads:

"G) decide on applications submitted for audit testing, partial
audit examinations and differential examinations and ensures implementation

Audit and partial audit examinations and differential examinations ".

149th In § 31 par. 2 point. h) the word "contact"
insert the word "appropriate" and the word "supervision" shall be deleted.

150th In § 31 par. 2 point. j) the word "in" is replaced by "in particular" and
at the end of the text of the subparagraph the words "; on any such exemption
confidentiality Chamber informs entity ".

151st In § 31 para. 4 the word "obliged" the words "
take into account the recommendations of the Council according to § 38 par. 2 point. h) and "after the word" Council "shall
words" and provide the necessary assistance "and" bodies
Supervisors "is replaced by" competent authorities ".

152nd In § 31 para. 5, the words "European Communities" are replaced
"European Union".

153 above. In § 32 par. 2, first sentence, the word "temporarily disabled"
replace the word "suspended".

154th In § 32, the following paragraph 4 is added:

"(4) A member of the authority referred to in paragraph 1 point. b) to d)
ends

A) the expiration of his term of office,

B) appeal,

C) resignation,

D) upon the death or declaration of death,

E) prohibition or permanent ban of the auditing activity. ".

155th In § 33 para. 1, second sentence, the words "list of auditors,"
replace the word "register".

156th In § 33 par. 2 point. c) the words "while respecting the provisions of §
18" is replaced by "with the exception of auditing standards governed
EU law".

157th In § 33 par. 2 point. e) the words "audit test, partial
audit examinations and differential examinations" are replaced by "partial
auditing and testing of the aptitude test".

158th In § 33 par. 2 at the end of the text of letter g) the words ";
Financial statements Chamber published on its website. "

159 aircraft. In § 34 para. 4, the words "European Communities" are replaced
"European Union", the words "provisions referred to in § 2. k) "are replaced
words" audit standards governed by the law of the European Union "and the word
" inner "is deleted.

160th In § 34 para. 6 second sentence after the word "the" inserted comma.

161st In § 37 para. 2 at the end of the text of letter a) the word "and" is replaced
comma.

162nd In § 37 para. 2, after letter a) a new point b), which reads:

"B) exercise the powers of public authorities in matters under Title X
".

Existing letter b) shall become point c).

163rd In § 37 para. 4, the words "§ 45 para. 4" is replaced by "§ 49a
paragraph. 3 and § 49b paragraph. 2 ".

164th In § 37 paragraph 5 shall be deleted.

165th In § 38 par. 1 point. d) the words "disciplinary sanction"
replaced by "punitive and other" and "auditors from third countries"
be replaced by "persons registered pursuant to § 47 para. 2-4."

166th In § 38 par. 2 point. a) the words "
accounts and consolidated accounts" are deleted.

167th In § 38 par. 2, after letter g) the following point h) is added:

"H) make recommendations to the system of quality control for the purpose of exercising
public oversight."

Existing letters h) to k) are renumbered i) to l).

168th In § 38 par. 2 letter i) reads:

"I) is authorized to order the Chamber perform quality controls
auditor".

169. In § 38 par. 2 point. j) the words "§ 24" is replaced by "§ 24b".

170th In § 38 par. 2, the letter j) a new point k), which reads:

"K) is authorized to perform for the purpose of public oversight for its own investigation
auditor or the Chamber".

Existing letters k) and l) are renumbered l) am).

171st Under § 38 the following § 38a, including the heading reads:

"§ 38a

Council bodies

(1) The bodies of the Council are

A) Presidium

B) The President of the Council,

C) disciplinary committee.

(2) The Council may establish advisory bodies.

(3) Details of the activities, internal organization of the Council, its organs and its secretariat
determine the status of the Council. ".

172nd The heading of § 39 shall be replaced by "Presidium".

173rd In § 39 par. 7, the words "legal science" is replaced by "rights".

174th In § 39 par. 9 letter e) reads:

"E) in the case of a member of the Presidium pursuant to paragraph 2. b)
ban or a permanent ban on performance of audit activities. ".


175th In § 39 paragraph. 10 point. c) the words "deprived of legal capacity or
which is its legal capacity is limited"
replaced by "limited in legal capacity".

176th Under § 39 the following § 39a, including the heading reads:

"§ 39a


Disciplinary Committee
(1) Disciplinary Committee has at least three members.

(2) A member of the disciplinary committee shall be a citizen
Czech Republic, which was engaged in auditing or is or has been active in the field of accounting
or in fields related to them or in the field of law and
economy. A member of the Disciplinary Committee may be appointed
member of the Presidium, the statutory auditor or the person who is financially
or in any other way connected with the auditor.

(3) Members of the Disciplinary Committee shall be appointed by the President of the Council on a proposal
Presidium. The term of the members of the disciplinary committee, the method
their removal and remuneration determined by the Statute of the Council.

(4) The Disciplinary Committee shall be responsible in the first instance competence of the Council of
infringement procedure under Title X. Appellate Body of the Presidium.

(5) The duties of a member of the disciplinary committee comprises members of bodies
only an expense allowance. ".

177 cells. In § 40 par. 3, third sentence, the word "b)" is replaced by "c)".

178th In the heading of Title VII, the words "supervisors" shall be replaced
"competent authorities".

179th In § 41 paragraph. 2 sentence of the sixth, the word "his" is replaced by "her"
and the word "workers" shall be replaced with the word "persons".

180th In § 41 paragraph. 2, the last sentence is replaced by "The Council may allow
persons authorized by the competent authority of another Member State to be present
survey conducted by the Council.".

181st In § 41 paragraph. 3 of the introductory part, the words "
allow her employees or persons selected by the competent authority" shall be
words "refuse to allow employees or individuals selected
competent authority".

182nd In § 43 para. 1 introductory part, the words "
manner enabling remote access" is replaced by "on their web site
".

183rd In § 43 para. 1 point. e) the words "§ 24" is replaced by "§ 24b".

184th In § 44 para. 1, second sentence, the words "the body of the entity
public interest" shall be deleted, after the word "should" with the word "minimum" and the words
"statutes or other similar constituent document" shall be replaced
"founding legal proceedings".

185th In § 44 para. 1 last sentence, the words "at least one member" shall be
words "Most members" and the words "independent of the audited entity" is
replaced by the word "independent".

186th In § 44 para. 2 first sentence, the words "audited", the word
"inefficient" and "supervisory" before the word "control".

187th In § 44 para. 2 second sentence, the word "supervisory"
replaced by the word "control".

188th In § 44 paragraph 3 is deleted.

The former paragraphs 4 to 7 shall be renumbered 3 to 6

189th In § 44 par. 3 of the introductory part, the words "statutory and supervisory
" is replaced by "management or control".

190th In § 44 par. 3 letter b) reads:

"B) monitor the effectiveness of the company's internal control, risk management and internal audit
if the internal audit function established".

191st In § 44 para. 3 at the end of the text of letter e) the words
"JSB that this recommendation duly substantiated."

192nd In § 44, after paragraph 3 the following paragraph 4 is added:

"(4) For public interest entity proposing the audit firm or
statutory auditor performing the audit function
own name and on its own account authority to determine an auditor
supervisory authority; while respecting the recommendation of the Audit Committee. If proposed
JSA another auditing firm or a statutory auditor
executing audit activities in its own name and for its own account
than proposed in the recommendation of the Audit Committee, the design is obliged
authority to determine an auditor duly justified especially stating the reasons why
deviated from the recommendation of the audit Committee. ".

The former paragraphs 4 to 6 shall be renumbered 5 to 7

193rd In § 44 para. 6 of the introductory part, the words "insurance company,
reinsurance, pension fund" is replaced by "Home insurance,

Domestic reinsurance. "

194 cm. In § 44 para. 6 point. a) the word "whose" is replaced by "
which issued the investment", the word "are" is replaced by "that were"
and the word "on" with the word "European".

195th In § 44 para. 6 letter b) reads:

"B) are joint stock company with a monistic system of internal
company structure where the Chairman of the Board is a statutory director
".

196th In § 44 para. 6 after subparagraph b) a new point c), which reads:

"C) the control body has at least three members and a majority of its members is independent and has
least three years practical experience in the field
accounting or statutory audit."

Existing letter c) shall become point d).

197th In § 44 paragraph 7 reads:

"(7) If the entity of public interest referred to in paragraph 6 shall not establish
Audit Committee, the tasks of the audit committee of its supervisory authority.".

198th In § 44, paragraph 8 shall be added:

"(8) The public-interest entity shall publish on its website
list of members of the Audit Committee; in these individuals indicate data that
written by members of the supervisory body in the Commercial Register. If
interest entity referred to in paragraph 6 has not established an audit committee
publish on its website, which body shall
functions of the Audit Committee, and the names of persons who are its members. ".

199th In § 45 para. 1 point. c) the words "paragraph. 5 "are deleted.

200th In § 45 para. 2, "Oversight" is replaced by
"control".

Two hundred and first In § 45 para. 3, "from the start of the statutory auditing"
replaced by "date of appointment of the auditor in accordance with § 17".

202nd In § 45 para. 4, the words "on behalf of the audit firm"
replace the words "to the firm," and the second and third sentences are deleted.

203rd A Title IX is replaced by "REGISTRATION AND INTERNATIONAL COOPERATION
".

204th § 46 including the heading deleted.

205th § 47 including the title reads:

"§ 47

Registration for the purpose of the statutory audit company based in a third country


(1) The Chamber shall register in the register of auditors from a third country audit
person from a third country auditor from another Member State audit
person from another Member State and auditor, who will present a report of the auditor regarding
the financial statements and consolidated financial statements
company based in a third country whose securities are
balance sheet date are admitted to trading on a regulated market, with the exception
when the company only issues bonds or any similar securities
securities representing the right to repay the outstanding
admitted to trading on a regulated market, and if the nominal value of such securities
least EUR 50 000 or, in the case of bonds with a nominal value
expressed in another currency, which is the date of their issuance
least equal to the amount corresponding to 50 000 (hereinafter
'company from a third country "). For conversion of other currencies rate to be used
foreign exchange market announced by the Czech National Bank at the balance sheet date.

(2) The Chamber to register the application auditor from a third country if

A) the requirements equivalent to those provided in § 4 para. 1
point. a) to d) and f)

B) the natural person performing for this person audit of the financial statements or
consolidated financial statements of the company from a third country meets
requirements equivalent to those set out in § 4 para. 1 point. a) to d)
f)

C) audit of the financial statements and consolidated financial statements of
from a third country is conducted in accordance with auditing standards in accordance with § 18
with the requirements set out in § 14 and 16, or with equivalent standards and requirements
,

D) shall publish on its website an annual transparency report
which contains the information referred to in § 43 or
which complies with equivalent disclosure requirements.

(3) The Chamber to register the application audit entities from third countries, if


A) are met requirements equivalent to those set out in § 5 para. 1
point. h)

B) a majority of members of the management body meets the requirements
equivalent to those laid down in § 4 para. 1 point. a) to d) and f) and § 5 para. 1
point. h)

C) a natural person performing for this person audit of the financial statements or

Consolidated financial statements of the company from a third country meets
requirements equivalent to those set out in § 4 para. 1 point. a) to d)
f)

D) audit of the financial statements and consolidated financial statements of
from a third country is conducted in accordance with auditing standards in accordance with § 18
with the requirements set out in § 14 and 16, or with equivalent standards and requirements
,

E) publish on its website an annual transparency report
which contains the information referred to in § 43 or
which complies with equivalent disclosure requirements.

(4) The Chamber to register the application auditor from another Member State
if it meets the requirements set out in paragraph 2. b) to d) and audit
person from another Member State if it meets the requirements set out in paragraph 3
point. b) to e).

(5) The registered person under paragraphs 2-4
apply the provisions of this Act governing public supervision, quality control and
disciplinary and other measures. If these persons are subject to quality control system
another Member State or where such persons are subject to a system of quality control
in a third country, which has been assessed as equivalent in
accordance with § 24, and quality control was carried out by this person
during the previous three years, quality control might not be performed.

(6) Should the auditor's report on the financial statements and consolidated financial statements
company from a third country auditor
written notice to the Chamber of compliance in accordance with paragraph 2. b) c)
case of a statutory auditor or pursuant to paragraph 3. c) and d)
case of an audit firm and published on its web site
Annual Transparency Report, which contains information
specified in § 43, or that it complies with equivalent disclosure requirements.

(7) If the auditor's report on financial statements or
consolidated financial statements in accordance with paragraph 1 shall be drawn up by a person who
not registered with the Chamber pursuant to paragraphs 2-4 or auditor
who did not fulfill the requirements under paragraph 6 of this report can not be considered
for the audit report under this Act.

(8) The Council shall assess the equivalence referred to in paragraph 2. c) and in paragraph 3
point. d) if the European Commission in this matter decided
earlier. The Council on this matter as the case may cooperate with the Chamber. ".

206th In § 48 para. 1, "and 2" are replaced by "up to 4", the words
"said auditors or audit entities from third countries" shall
words "under § 47 paragraph. 1" and number "36" is replaced by "Title VI
".

207th In § 48 par. 2 and § 49 par. 3 and 5, the word "Commission" shall
"the Commission".

-208. In § 48 para. 2 last sentence, the words "relevant auditor or audit
person from a third country to continue to implement audit
activity under this Act" is replaced by "may proceed in accordance with paragraph 1
" and the word " It "shall be deleted.

209th In § 48 par. 3 and § 49 par. 6, the word "Commission" shall
word "commission".

210th In § 48 par. 3 point. b) the word "systems" are replaced by "
authorities" and the word "security" is deleted.

211th In § 49 para. 2 point. c) the word "security" shall be deleted and the number "36"
be replaced by "Title VI".

212th In § 49 para. 4 point. c) after the word "documents" the words "
in possession of auditors from the third country or".

213th In the first, his head following Title IX, X, which including
title reads:

"TITLE X


ADMINISTRATIVE OFFENCES
§ 49a
Offences


(1) A natural person as a person who disappeared audit permissions
commits an offense contrary to § 45 para. 4
adopted in the audited public interest entity controlling function before the expiration of two years after what
carry out statutory audits or stopped working, it is recalled or
resigned as a statutory auditor or key audit partner from the audit engagement
implementation.

(2) quality inspector commits an offense that in the Declaration of
meet the requirements of § 24b paragraph. 1
provides false information.

(3) An offense may be fined up

A) 1,000,000 CZK, in the case of an offense under paragraph 1

B) 100,000 CZK, if it is an offense under paragraph 2

§ 49b


Chamber of Administrative Offences
(1) The Chamber has committed an administrative offense that

A) keep a register in conflict with § 11 para. 1-6 or § 12 to 12d,


B) organizes, manages or operates a quality control system in conflict with
§ 24 paragraph. 2 or 3,

C) carry out quality control in conflict with § 24b Sec. 1

D) contrary to § 24 para. 5 does not submit a plan for quality control
Council for approval,

E) issued a comprehensive report on quality control pursuant to § 24 para. 6

F) does not control the quality of regulation by the Council pursuant to § 38 par. 2 point.
I)

G) has been dealt with by the Council of the Chamber of internal regulations, code of ethics or
auditing standards prior to their issuance in accordance with § 31 para. 2 point. c)

H) fails to Council documents and information in accordance with § 31 para. 3, or

I) prevent the performance of public oversight or
cooperation with the competent authorities in other Member States and third countries
failing to provide the necessary assistance to the Council in accordance with § 31 para. 4th

(2) An administrative offense shall be fined up to 300 000 CZK.

§ 49c

Joint provisions on administrative offenses

(1) The Chamber for an administrative delict if it proves that
made every effort that could be required to breach
legal obligations prevented.

(2) In assessing the fine takes into account the seriousness of the administrative
offense, particularly the manner of its commission, its consequences and
circumstances under which it was committed.

(3) Liability for an administrative offense shall expire if an administrative authority
initiated proceedings within 1 year of the date on which it learned of the latest
within 3 years from the date on which it was committed.

(4) Administrative offenses under this Act shall be heard by the Council.

(5) Income from fines is the income of the Council. ".

Title X becomes Title XI.

214th In § 50, the words "§ 6. 6" is replaced by "§ 7 para. 3"
words "§ 7 para. 4 and 6" is replaced by "§ 7, paragraph. 2, § 7b paragraph. 1 and 4 "
words" § 8. 6 "is replaced by" § 8. 3, 6 and 7 ", the word" j) "
be replaced by" l) ", the words" § 46 "is replaced by" § 10a "for
number" 47 "the words" paragraph. 2 and 3, "and at the end of the text
paragraph the words"; with the exception of execution of fines imposed under § 49a and 49b
".

Art. II
Transitional provisions


First The proceedings initiated pursuant to Act no. 93/2009 Coll., As amended
effective prior to the effective date of this Act, and to this day still open, with
completed under the current legislation.

Second Period provided in § 8 par. 3, § 25 par. 5 and § 27 of Act no.
93/2009 Coll., As amended effective prior to the effective date of this Act
, which began to run until the effective date this Act shall
assessed under the existing legislation.

Third List of auditors and the list of assistant auditors led by the Chamber of Auditors
Czech Republic pursuant to § 11 and § 30 of Act no. 93/2009 Coll., As amended
effective date of this Act, shall be deemed to register
auditors according to § 11 of Act no. 93/2009 Coll., as amended, effective from the date of
entry into force of this Act.

Fourth The number of audit authorization pursuant to § 12 para. 1 point. b) and § 12 paragraph
. 2 point. e) of the Act no. 93/2009 Coll., as amended, effective
prior to the effective date of this Act, shall be deemed registration number according to §
12 letter. d) and § 12a point. g) of the Act no. 93/2009 Coll., as amended, effective
effective date of this Act.

Fifth The Chamber of Auditors of the Czech Republic within 12 months from the date of entry into force of this Act
in cooperation with the relevant registry administrator
ensure access to basic register of residents, the agenda
population records information system and agenda information system
foreigners in accordance to § 12e of Act no. 93/2009 Coll., as amended
effective from the date of entry into force of this Act.

6th An applicant who applies for the issuance of an audit authority under Act no.
93/2009 Coll., As amended, effective from the date of entry into force of this Act, the
period of 12 months from the effective date of this Act, attests to compliance
the requirement in § 4 para. 1 point. b) Law no. 93/2009 Coll., as amended
effective from the date of entry into force of this Act, an extract from the relevant register
containing the reference data.

7th Temporary prohibition of performance of audit activities pursuant to § 6 para. 1 point. a)
c) and point. f) and according to § 6 par. 3 point. a) and c) of Law no. 93/2009
Coll., as amended effective prior to the effective date of this Act shall be deemed
ban on performance of audit activities pursuant to § 7 para. 1 point. and)

C), § 7 para. 3 point. a) or § 7 para. 2 point. ) and d) and § 7
paragraph. 3 point. a) Law no. 93/2009 Coll., as amended, effective from the date of entry into force of this Act
.

8th Temporary prohibition of performance of audit activities pursuant to § 6 para. 1 point. d)
e) and according to § 6 par. 3 point. b) Law no. 93/2009 Coll., as amended
effective prior to the effective date of this Act shall be deemed
suspension of audit activities pursuant to § 6 para. 1-4 of the Act no.
93 / 2009 Coll., as amended, effective from the date of entry into force of this Act.

9th Temporary prohibition of performance of audit activities pursuant to § 6 para. 1 point. g)
and according to § 6 par. 3 point. d) of the Act no. 93/2009 Coll., as amended, effective
before the effective date of this Act, shall be deemed to extinction
authorization to perform audit activities pursuant to § 7b paragraph. 1 of Law no.
93 / 2009 Coll., as amended, effective from the date of entry into force of this Act.

10th Permanent prohibition of performance of audit activities pursuant to § 7 para. 1 point. a)
and under § 7 para. 2 point. a) Law no. 93/2009 Coll., as amended, effective
before the effective date of this Act, shall be deemed permanent ban
performance of audit activities pursuant to § 7 paragraph. 1 of Law no. 93/2009 Coll.
in the wording effective from the effective date of this Act.

11th Permanent prohibition of performance of audit activities pursuant to § 7 para. 1 point. b)
d) and under § 7 para. 2 point. b) d) of Act no. 93/2009 Coll., as amended
effective prior to the effective date of this Act, shall be deemed to ban
performance of audit activities pursuant to § 7 para. 1 point. d) § 7 para. 2
point. b) or § 7 para. 3 point. b) d) of Act no. 93/2009 Coll., as amended
effective from the date of entry into force of this Act.

12th Permanent prohibition of performance of audit activities pursuant to § 7 para. 1 point. c)
and under § 7 para. 2 point. c) Law no. 93/2009 Coll., as amended, effective
before the effective date of this Act, shall be deemed to ban
performance audit activities pursuant to § 7 para. 3 point. a) and c) of Law no. 93/2009
Coll., as amended, effective from the date of entry into force of this Act.

13th Permanent prohibition of performance of audit activities pursuant to § 7 para. 1 point. e)
and under § 7 para. 2 point. e) of the Act no. 93/2009 Coll., as amended, effective
before the effective date of this Act, shall be deemed to extinction
authorization to perform audit activities pursuant to § 7b paragraph. 1 of Law no.
93 / 2009 Coll., as amended, effective from the date of entry into force of this Act.

14th Disciplinary measures of temporary prohibition of performance of audit activities pursuant
Act no. 93/2009 Coll., As amended effective before the effective date
this Act, shall be considered as a disciplinary measure prohibiting performance audit
according to Act no. 93 / 2009 Coll., as amended, effective from the date of entry into force of this Act
.

15th Interest entity that does not meet the requirements under § 44 para. 1
Act no. 93/2009 Coll., As amended, effective from the date of entry into force
this Act is obliged to fulfill the requirement in § 44 para. 1 | || Law no. 93/2009 Coll., as amended, effective from the date of entry into force of this Act
within 12 months from the effective date of this Act.

16th Internal regulations and the Czech Chamber of Auditors
issued pursuant to the Act no. 93/2009 Coll., As amended effective prior to the date of entry into force of this Act
which are not in accordance with law no. 93/2009 Coll
., as amended, effective from the date of entry into force of this Act, the Chamber of auditors of the Czech Republic
shall be required to comply within 12 months from the date of
entry into force of this Act.

17th Internal regulations and rules of the Council for Public Audit Oversight
issued under the Act no. 93/2009 Coll., As amended effective prior to the date of entry into force of this Act
which are not in accordance with law no. 93/2009 || | Coll., as amended, effective from the date of entry into force of this Act, the Council is
for public oversight of the audit shall be required to comply within 12 months
effective date of this Act.

Art. III
Efficiency


This Act shall take effect on the fifteenth day after its publication.


Hamáček vr Zeman


Sobotka