Information from the accounting and budget of the Czech Telecommunication Office for 2024 is considered reliable after corrections
PRESS RELEASE ON AUDIT NO 24/23 – 11 August 2025
The Supreme Audit Office (SAO) has reviewed the Czech Telecommunication Office’s (CTO) closing account, accounting, financial statements, and the information submitted by the CTO for the evaluation of state budget implementation for 2024. As the audit began during the 2024 accounting period, the CTO was able to continuously correct deficiencies identified by the auditors. The reviewed data is therefore considered reliable following the corrections made.
In its examination of the CTO’s accounting records, the SAO identified errors amounting to CZK 6.5 billion, which would have had a significant impact on the balances reported in the CTO’s 2024 financial statements. However, the two most material errors, totalling almost CZK 6.2 billion, would not have significantly affected users of the financial statements, as they were caused solely by the use of an incorrect account within the same accounting group. This incorrect use of an account occurred in cases involving the reporting of the approved financial result and funds from the radiocommunication account. Other deficiencies related to incorrect accounting for contingent liabilities or funds received from the National Recovery Plan.
The CTO corrected the identified accounting errors and, in addition, implemented appropriate systemic measures. Following these corrections, the SAO considers the CTO’s accounting to have been in compliance with legal regulations, and the financial statements to present a true and fair view of the subject of the accounting.
The CTO’s closing account and the information it submitted for the evaluation of state budget implementation in 2024 contained non-material irregularities. Therefore, the SAO considers these data to be reliable.
The CTO’s internal control system, following the measures adopted during the audit, was assessed by the SAO as effective in the reviewed areas.
Communication Department
Supreme Audit Office