Auditorské postupy při ověřování odhadů spojených s výpočtem opravné položky v nebankovním podniku podle IFRS 9

The calculation of the allowance for doubtful debts under IFRS 9 includes several factors that are carriers of inherent risk. The magnitude of the inherent risk can be further amplified by external factors such as the Covid-19 pandemic. The objective of this master’s thesis is to summarise and demonstrate auditing procedures under the relevant standards for auditing of accounting estimates. The theoretical part of the thesis includes a brief summary of IFRS 9 and standards on auditing, which are relevant for audit of the allowance for doubtful debts under IFRS 9. In the practical part of the thesis, the findings from the theoretical part are applied to the case of a model firm. First, the significant accounts trade receivables and related bad debt provisions were identified for which relevant assertions were determined. Then the main focus was on bad debt provision, which represents accounting estimate. The individual elements of the calculation of the allowance were identified and these elements were subsequently analysed. For every identified element of the calculation, an audit procedure was designed to address individual risks in the calculation of the allowance.