{"id":2923,"date":"2026-04-17T15:51:58","date_gmt":"2026-04-17T15:51:58","guid":{"rendered":"https:\/\/eaa-online.org\/congress-2026\/?p=2923"},"modified":"2026-04-22T10:37:59","modified_gmt":"2026-04-22T10:37:59","slug":"symposium-05","status":"publish","type":"post","link":"https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/","title":{"rendered":"Symposium 05"},"content":{"rendered":"<p><strong><span style=\"color: #0099cc\">Changing Accounting Regulatory Paradigm in a Small Open Economy: A Case of The Czech Republic<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><em>The Ministry of Finance of the Czech Republic has completed a major overhaul of the national accounting framework\u2014the first comprehensive redesign since the early 1990s. While originally developed to support the country\u2019s transition from a centrally planned to a market economy, the existing system no longer reflects the institutional, technological, and global integration features of today\u2019s 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.<\/em><\/p>\n<p style=\"text-align: justify\"><em>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\u2019 decision-making. Of particular interest is the discontinuity in historical accounting data\u2014a \u201cbreak\u201d 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.<\/em><\/p>\n<p style=\"text-align: justify\"><em>This symposium brings together academics, regulators, and practitioners to discuss the theoretical, methodological, and empirical implications of this reform\u2014not 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.<\/em><\/p>\n<p><span style=\"color: #0099cc\">Moderator<\/span><\/p>\n<p style=\"padding-left: 40px\">Catalin Albu | Bucharest University of Economic Studies<\/p>\n<p><span style=\"color: #0099cc\">Panellists<\/span><\/p>\n<p style=\"padding-left: 40px\">Zbyn\u011bk Hal\u00ed\u0159 | Head of Financial Statements and External Reporting at \u0160koda Auto<\/p>\n<p style=\"padding-left: 40px\">Ji\u0159\u00ed Pel\u00e1k | Prague University of Economics and Business &amp; The Ministry of Finance<\/p>\n<p style=\"padding-left: 40px\">Petr V\u00e1cha | The Chamber of the Auditors of the Czech Republic &amp; Head of Assurance in EY Czechia &amp; Prague University of Economics and Business<\/p>\n<p style=\"padding-left: 40px\">Katherine Schipper | Duke University<\/p>\n<p style=\"padding-left: 40px\">User representative (To be confirmed)&nbsp;<\/p>\n<p><strong><span lang=\"EN-AU\" style=\"color: #0099cc\">Schedule<\/span><\/strong><\/p>\n<p style=\"padding-left: 40px\"><span lang=\"EN-AU\"><strong>Date | Time:<\/strong> Thursday 28 May 2026 14:00 \u2013 15:30<\/span><\/p>\n<p style=\"padding-left: 40px\"><span lang=\"EN-AU\"><strong>Location: <\/strong>RB 101 (Rajsk\u00e1 Building)<\/span><\/p>\n<p><strong><span style=\"color: #0099cc\">Symposium sponsor<\/span><\/strong><\/p>\n<p><a href=\"https:\/\/www.kacr.cz\/en\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-2957 alignleft\" src=\"https:\/\/eaa-online.org\/app\/uploads\/sites\/80\/2026\/04\/cacr-logo-300x79.jpg\" alt=\"\" width=\"493\" height=\"130\" srcset=\"https:\/\/eaa-online.org\/app\/uploads\/sites\/80\/2026\/04\/cacr-logo-300x79.jpg 300w, https:\/\/eaa-online.org\/app\/uploads\/sites\/80\/2026\/04\/cacr-logo-1024x269.jpg 1024w, https:\/\/eaa-online.org\/app\/uploads\/sites\/80\/2026\/04\/cacr-logo-768x202.jpg 768w, https:\/\/eaa-online.org\/app\/uploads\/sites\/80\/2026\/04\/cacr-logo-1536x403.jpg 1536w, https:\/\/eaa-online.org\/app\/uploads\/sites\/80\/2026\/04\/cacr-logo-2048x538.jpg 2048w\" sizes=\"(max-width: 493px) 100vw, 493px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2014the first comprehensive redesign since the early 1990s. While originally developed to support the country\u2019s transition from a centrally planned to a market [&hellip;]<\/p>\n","protected":false},"author":1996,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[13],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Symposium 05 - Congress 2026<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Symposium 05 - Congress 2026\" \/>\n<meta property=\"og:description\" content=\"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\u2014the first comprehensive redesign since the early 1990s. While originally developed to support the country\u2019s transition from a centrally planned to a market [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/\" \/>\n<meta property=\"og:site_name\" content=\"Congress 2026\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-17T15:51:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-22T10:37:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/eaa-online.org\/app\/uploads\/sites\/80\/2026\/04\/cacr-logo-300x79.jpg\" \/>\n<meta name=\"author\" content=\"DAVID PROCHAZKA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"DAVID PROCHAZKA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/\",\"url\":\"https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/\",\"name\":\"Symposium 05 - Congress 2026\",\"isPartOf\":{\"@id\":\"https:\/\/eaa-online.org\/congress-2026\/#website\"},\"datePublished\":\"2026-04-17T15:51:58+00:00\",\"dateModified\":\"2026-04-22T10:37:59+00:00\",\"author\":{\"@id\":\"https:\/\/eaa-online.org\/congress-2026\/#\/schema\/person\/d69418c1a25f9a78df8616d27967ec5d\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/eaa-online.org\/congress-2026\/#website\",\"url\":\"https:\/\/eaa-online.org\/congress-2026\/\",\"name\":\"Congress 2026\",\"description\":\"Just another EAA Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/eaa-online.org\/congress-2026\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/eaa-online.org\/congress-2026\/#\/schema\/person\/d69418c1a25f9a78df8616d27967ec5d\",\"name\":\"DAVID PROCHAZKA\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/eaa-online.org\/congress-2026\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8cffb07480af517e983306363088ff98?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8cffb07480af517e983306363088ff98?s=96&d=mm&r=g\",\"caption\":\"DAVID PROCHAZKA\"},\"url\":\"https:\/\/eaa-online.org\/congress-2026\/author\/prochazdvse-cz\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Symposium 05 - Congress 2026","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/","og_locale":"en_US","og_type":"article","og_title":"Symposium 05 - Congress 2026","og_description":"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\u2014the first comprehensive redesign since the early 1990s. While originally developed to support the country\u2019s transition from a centrally planned to a market [&hellip;]","og_url":"https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/","og_site_name":"Congress 2026","article_published_time":"2026-04-17T15:51:58+00:00","article_modified_time":"2026-04-22T10:37:59+00:00","og_image":[{"url":"https:\/\/eaa-online.org\/app\/uploads\/sites\/80\/2026\/04\/cacr-logo-300x79.jpg"}],"author":"DAVID PROCHAZKA","twitter_card":"summary_large_image","twitter_misc":{"Written by":"DAVID PROCHAZKA","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/","url":"https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/","name":"Symposium 05 - Congress 2026","isPartOf":{"@id":"https:\/\/eaa-online.org\/congress-2026\/#website"},"datePublished":"2026-04-17T15:51:58+00:00","dateModified":"2026-04-22T10:37:59+00:00","author":{"@id":"https:\/\/eaa-online.org\/congress-2026\/#\/schema\/person\/d69418c1a25f9a78df8616d27967ec5d"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/eaa-online.org\/congress-2026\/2026\/04\/17\/symposium-05\/"]}]},{"@type":"WebSite","@id":"https:\/\/eaa-online.org\/congress-2026\/#website","url":"https:\/\/eaa-online.org\/congress-2026\/","name":"Congress 2026","description":"Just another EAA Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/eaa-online.org\/congress-2026\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/eaa-online.org\/congress-2026\/#\/schema\/person\/d69418c1a25f9a78df8616d27967ec5d","name":"DAVID PROCHAZKA","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/eaa-online.org\/congress-2026\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8cffb07480af517e983306363088ff98?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8cffb07480af517e983306363088ff98?s=96&d=mm&r=g","caption":"DAVID PROCHAZKA"},"url":"https:\/\/eaa-online.org\/congress-2026\/author\/prochazdvse-cz\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/eaa-online.org\/congress-2026\/wp-json\/wp\/v2\/posts\/2923"}],"collection":[{"href":"https:\/\/eaa-online.org\/congress-2026\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eaa-online.org\/congress-2026\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eaa-online.org\/congress-2026\/wp-json\/wp\/v2\/users\/1996"}],"replies":[{"embeddable":true,"href":"https:\/\/eaa-online.org\/congress-2026\/wp-json\/wp\/v2\/comments?post=2923"}],"version-history":[{"count":10,"href":"https:\/\/eaa-online.org\/congress-2026\/wp-json\/wp\/v2\/posts\/2923\/revisions"}],"predecessor-version":[{"id":2965,"href":"https:\/\/eaa-online.org\/congress-2026\/wp-json\/wp\/v2\/posts\/2923\/revisions\/2965"}],"wp:attachment":[{"href":"https:\/\/eaa-online.org\/congress-2026\/wp-json\/wp\/v2\/media?parent=2923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eaa-online.org\/congress-2026\/wp-json\/wp\/v2\/categories?post=2923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eaa-online.org\/congress-2026\/wp-json\/wp\/v2\/tags?post=2923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}