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Jiří Šimek
Audit Partner and Valuation Leading Partner - Prague, Czech Republic
Milan Prokopius
Managing Partner of Forvis Mazars in the Czech R. - Prague, Czech Republic
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The valuation of collateral for loans
Banks and other financial institutions need to determine the fair value of collateral, which can take the form of immovable or moveable assets.
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Valuation for IFRS
International financial reporting standards (IFRS) currently uses the “fair value” (the real value of the valuated property), i.e. the valuated property can be obtained at the given time in the given location for the given value.
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Valuation required pursuant to the Act on Transformations of Companies and Cooperatives
We provide complex consulting during the purchase and sale of an enterprise.
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Newcastle
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Forvis Mazars: Partnership Social Responsibility
The Forvis Mazars Partnership Social Responsibility strategy is defined through programmes designed and developed at Group level, then adopted and enriched at country level. For three years, Forvis Mazars has described the main actions linked to its Partnership Social Responsibility strategy within its Group annual report.
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IFRS - October 2012
The SEC’s report on the work plan for the endorsement of IFRSs, published last July, made a great impression, since it was entirely free of any recommendations for adoption of IFRSs by the United States. After the shock come the reactions, and the cautious attitude of the US is causing some gritting of teeth. Convergence at any cost is coming under more and more criticism, and the FASB’s recent decision to withdraw from the compromise on the impairment of financial assets will hardly ease anyone’s mind. The European Commission believes that 2013 will be the year of truth as far as US participation in IFRSs is concerned.
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Považská Bystrica
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IFRS - September 2012
Following the summer break, it’s back to school for the IASB, with even more new projects. Its work plan now includes three new limited amendments projects and three new research projects. Notably, the Board has decided to publish a revised exposure draft on phase II of IFRS 4: Insurance contracts.
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Mazars in the Czech Republic strengthens its position: the new appointment of partners
Prague, 20 September 2012: Mazars, a leading international advisory firm, is delighted to announce the promotion of two senior managers, Jaroslav Křivánek and Nicolas Candy, to the partnership.
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Services for Financial Institutions
Our Financial Sector Team´s specialists have extensive knowledge in the area of reporting, evaluating the performance of financial institutions including the monitoring of costs, risk management, forensic audits, the management of internal processes and control, and of course tax and accounting consulting.
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Chicago
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IFRS - July / August 2012
Despite the uncertainty over whether the US will eventually adopt IFRS, the IASB is continuing to make progress on its current major projects. Deliberations are ongoing and the IASB is planning to publish exposure drafts on leases, impairment of financial assets (phase 2 of the Financial Instruments project) and limited amendments to the rules on classification and measurement (phase 1 of the Financial Instruments project) by the end of the year. The new standard on revenue recognition is set for publication at the start of 2013 and the standard on hedge accounting is expected at the end of 2012. Finally, the IASB has launched its first post-implementation review of a standard, namely IFRS 8 – Operating segments.
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IFRS - June 2012
For some months, the Leases project seemed to have reached deadlock, largely due to the difficulties encountered by the two Boards in deciding how to account for the result. Some observers were wondering whether it would ever see the light of day. Regardless of whether they will be pleased or upset, the two Boards have not thrown in the towel. They have just reached agreement on the profit or loss pattern in lessee accounting, and confirm that a new exposure draft will be published in 2012 (Q4), but remain guarded on the publication date for the final standard.
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International Desks
Many international companies intend to expand their business to or from the Czech Republic. Forvis Mazars´ International Desks are ready to provide existing and new clients with the highest quality advisory, audit, tax and accounting services across borders.
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Intrastat reports
Do you trade in goods within the European Union and are you a VAT payer? Are you aware your obligations concerning the mandatory reporting of information on transactions with goods? Are you capable of following the regular changes to the customs tariff and in the methods of reporting the required data? Does it take a lot of time and administration for you to prepare the statistical reports?
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UK / US Desk
Our US and UK Desk is a direct link for companies doing business or considering developing their operations in the Czech Republic. Mazars Czech Republic provides existing and new clients with the highest quality services regarding any US or UK related issue with respect to the demanding regulatory frameworks from both countries.
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German Desk
Mazars ist eine internationale, integrierte und unabhängige Organisation, die sich auf Dienstleistungen im Bereich Wirtschaftsprüfung, Buchaltung, Steuern und Consulting spezialisiert hat.
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French Desk
Le French Desk de Mazars a été créé pour accompagner les entreprises françaises désireuses de s’implanter en République tchèque ou d’y développer une filiale. Il est animé par des experts bilingues, qui tous maîtrisent les spécificités des pays francophones, et disposent des compétences techniques et sectorielles nécessaires à la réalisation de tout type de prestations comptables, financières, fiscales, juridiques et sociales.
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Beratungs-und Bewertungsdienste
Wir sind Inhaber einer vollen Lizenz (M – 358/2003) zur Ausführung von Beratungs- und Bewertungsdiensten im Einklang mit dem Sachverständigengesetz Nr. 36/1967.
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Outsourcing
Damit Sie sich auf Ihr Kerngeschäft konzentrieren können, bieten wir Unterstützung in unseren Kernbereichen: Rechnungslegung, Buchhaltung und Fondsadministration.
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Steuerberatung
Der Bereich der Steuerproblematik unterliegt der fortwährenden Entwicklung auf allen Ebenen.
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Transaktionen
Ausgehend von den strategischen Zielen unserer Mandanten gestalten wir Inhalte und Prozesse effizient und individuell.
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Interne Revision und Risikomanagement
Wir entlasten Sie bei der Internen Revision, übernehmen einzelne Prüfungsaufträge und bei Bedarf auch die vollständige interne Revisionstätigkeit. Gemeinsam mit Ihnen wählen wir die für Sie wesentlichen Geschäftsprozesse aus und legen Prüfungsschwerpunkte und Analyse- und Bewertungstechniken fest.
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Wirtschaftsprüfung
Forvis Mazars führt sowohl gesetzliche als auch freiwillige Abschlussprüfungen durch. Für uns ist hierbei die Wirtschaftlichkeit entscheidend.