iPoint (iPoint.cz)
Finance  |  September 15, 2010 10:18:22

D & B: The Discipline of Czech companies reminds Wild West



iPoint.cz

More than 60% of Czech companies long ignored by applicable law, you do not store the results of its operations, therefore the financial statements and annual report, collection of documents to the Commercial Register. In 2009, the reporting obligation has not yet met over 80% of Czech companies. The worst approach to performance reporting duties have long-term small business with sales to 10 million. In terms of legal form of legal obligation to perform more reliably than a stock company limited liability company. An analysis published today Dun & Bradstreet (D & B - NYSE: DNB), which is engaged in providing economic information and evaluation of companies around the world.

In 2009 so far failed to fulfill the reporting obligation of 83% of domestic companies, although the basic term expired at the end of July. "Compared to the same period last year, the obligation to inform Czech companies has improved by about two percentage points, but the discipline of companies in the provision of statutory information is dismal," assess the situation on the market director of D & B, Alena Seoud. "It is alarming that the information often does not fulfill the obligation nor the companies involved in public procurement and state do not mind," said Director of D & B.

Oh, the discipline to read iPOINT

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