Ověřování účetní závěrky auditorem ve vybraném podniku

The aim of the bachelor thesis is to look into the problem of financial report audit, mainly into identification of company risks and determination of significance level. The first part of the thesis is dedicated to financial report audit in its theoretical level. The reader will be gradually acquainted with the history and progress of the audit, its legislation in the Czech Republic and the documentation to be kept throughout the whole audit process. Further, there will be description of the audit process itself, in particular, the exact steps of the audit procedure. The last chapter of the first part will also mention the problem of infringement in the auditor profession. The second part of the thesis is focused on auditor’s activity before and after a new audit procedure is started, that is, on identification of risks and determination of significance level. It is clear from both parts, that there’s not one single approach in audit process that could be applied to each company. The way the audit will be performed always depends on the accounting entity character, on the auditor himself and his professional judgment, knowledge and experience. Good knowledge of the accounting entity and understanding of its activities play here a big role as well.