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Transparent management of beneficiaries of contributions from Foundation investment fund
[Transparentnost hospodaření příjemců příspěvků z Nadačního investičního fondu]

Author

Listed:
  • Marek Jošt

Abstract

In the introduction, the article compares the legislation for foundations and foundation funds according to the law on foundations and foundation funds and the new Civil Code. The paper focuses mainly on the legislative changes in the field of auditing of foundations and foundation funds and on reporting of administrative costs in the annual reports. As far as the article is based on the empirical data of the beneficiaries of contributions from foundation investment fund, the foundation investment fund is also mentioned, and its role in financing of the foundations and foundation founds is described. The article comments on important areas of transparent management that are publication of annual reports and financial statements, restriction and control of administrative costs, publication of auditor's rewards and audit reports. Individual parts of the paper draw attention to the deficiencies in information reported.

Suggested Citation

  • Marek Jošt, 2016. "Transparent management of beneficiaries of contributions from Foundation investment fund [Transparentnost hospodaření příjemců příspěvků z Nadačního investičního fondu]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2016(2), pages 93-108.
    • Handle: RePEc:prg:jnlcfu:v:2016:y:2016:i:2:id:474:p:93-108
    DOI: 10.18267/j.cfuc.474
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    More about this item

    Keywords

    Foundation sector; Foundation investment fund; Audit; Nadační sektor; Nadační investiční fond;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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