Uncategorized

• Symposium 07

  The Future of EU Sustainability Reporting: CSRD, ESRS, the Omnibus Reforms and Global Developments

  The Corporate Sustainability Reporting Directive (CSRD), adopted by the European Union in 2022, marked a major step towards enhancing transparency, comparability, and accountability in corporate sustainability disclosures. The introduction of mandatory European Sustainability Reporting Standards (ESRS) and third-party assurance requirements represented a significant regulatory shift. However, the Omnibus process initiated in 2025 – aimed at simplifying EU rules, including the ESRS approved in 2023, and reducing the scope of companies affected – has introduced new uncertainties for preparers, assurance providers, and users of sustainability information. At the same time, the International Sustainability Standards Board has advanced its global baseline for sustainability disclosures, raising important questions about interoperability of standards and the potential role of “passporting” in reducing cross-jurisdictional fragmentation.

  In this symposium, panellists will discuss how companies are responding to the evolving CSRD regulatory landscape, particularly regarding the OMNIBUS process, and their interactions with the ISSB Standards and how shifting expectations are affecting internal processes, governance, and strategic decision-making. The session will consider the perspectives of EFRAG, ISSB, and preparers of sustainability reports. Together, these insights highlight the broader impact of these developments.

   

  Moderator

  Ronita Ram | University of Reading

  Panellists

  Richard Barker | University of Oxford and ISSB

  Alessandro Lai | University of Verona

  Kerstin Lopatta | University of Hamburg and EFRAG SRB Chair

  Frank Schiemann | Bamberg University

  Schedule

  Date | Time: Friday 29 May 2026 09:00 – 10:30

  Location: RB 101 (Rajská Building)

   

• Symposium 05

  Changing Accounting Regulatory Paradigm in a Small Open Economy: A Case of The Czech Republic

  The Ministry of Finance of the Czech Republic has completed a major overhaul of the national accounting framework—the first comprehensive redesign since the early 1990s. While originally developed to support the country’s transition from a centrally planned to a market economy, the existing system no longer reflects the institutional, technological, and global integration features of today’s business environment. Among all, the new Act on Accounting will extend mandatory and voluntary application of IFRS as well as align Czech GAAP with IFRS for other entities, representing thus a fundamental shift toward more internationally comparable, investor-oriented reporting.

  This regulatory transformation offers a rare opportunity to examine how large-scale changes in accounting regulation affect financial reporting practices, audit processes, enforcement, and users’ decision-making. Of particular interest is the discontinuity in historical accounting data—a “break” in time series that raises conceptual and practical questions for analysts, auditors, regulators, and researchers relying on longitudinal information. At the same time, the reform provides a unique setting for empirical research, including changes in reporting quality, real effects of regulation, comparability, cost of capital implications, management incentives, and the interaction between financial reporting and taxation.

  This symposium brings together academics, regulators, and practitioners to discuss the theoretical, methodological, and empirical implications of this reform—not as a Czech-specific issue, but as a natural experiment that speaks to broader debates on accounting harmonisation, regulatory design in emerging economies, and the evolution of financial reporting in an era of rapid digital transformation.

  Moderator

  Catalin Albu | Bucharest University of Economic Studies

  Panellists

  Zbyněk Halíř | Head of Financial Statements and External Reporting at Škoda Auto

  Jiří Pelák | Prague University of Economics and Business & The Ministry of Finance

  Petr Vácha | The Chamber of the Auditors of the Czech Republic & Head of Assurance in EY Czechia & Prague University of Economics and Business

  Katherine Schipper | Duke University

  User representative (To be confirmed) 

  Schedule

  Date | Time: Thursday 28 May 2026 14:00 – 15:30

  Location: RB 101 (Rajská Building)

  Symposium sponsor

  

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