Academy of Sciences of the Czech Republic has corrected a significant accounting error amounting to CZK 338.7 million
PRESS RELEASE ON AUDIT NO 25/20 – 3 August 2026
The Supreme Audit Office (SAO) reviewed the data in the closing account, accounting, and financial statements of the Academy of Sciences of the Czech Republic (AS CR) for the year 2025. The auditors also focused on the information that the AS CR submitted for the evaluation of state budget implementation. As the audit began during the 2025 fiscal year, the AS CR was able to correct the shortcomings identified by the auditors.
The accounting errors identified, totalling CZK 370.2 million, would have had a material effect on the balances of items in the AS CR’s 2025 financial statements. The shortcomings mainly concerned the area of subsidies. In particular, they involved funds amounting to CZK 338.7 million that had been disbursed but not yet utilised by subsidy recipients. Although they were advanced payments for subsidies, the AS CR did not record them as such in their accounting. However, the AS CR corrected the identified accounting errors and implemented appropriate systemic measures in its accounting and reporting processes. Following these corrections, the SAO considers the AS CR’s accounting to be in compliance with legal regulations, and the financial statements to present a true and fair view of the subject of the accounting.
The auditors have found non-material irregularities in the AS CR’s closing account, all of which the AS CR corrected in a timely manner. The SAO found no errors in the data submitted by the AS CR for the evaluation of the state budget implementation. Consequently, both the data in the closing account and the information the AS CR submitted for the evaluation of state budget implementation in 2025 are considered reliable.
Following the corrective measures implemented during the audit, the SAO assessed the AS CR’s internal control system in the audited areas as effective.
Communication Department
Supreme Audit Office