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The end of the twentieth century was a period of radical changes in the rules of activity of stock exchanges. Stock exchanges in Central and Eastern Europe have been integrated into the general trend of transformation, but due to conditions of operating – as stock markets of post-communist countries – adaptation processes to the new rules proceeded differently in relation to the stock exchanges in developed countries. Each of stock exchanges in Central and Eastern Europe have chosen different forms of developm...

Financial statements are generally considered to be one of the primary information sources for stakeholders of companies, whose shares and/or bonds are quoted on the capital market. Due to their significant importance for the financial condition assessment of these entities, the utmost importance is the quality of financial reporting, including in particular the reliability of published financial data. Given the relatively frequently observed inconsistencies and gaps in this field over several years of author's ac...