ORIGINAL_ARTICLEThe issue of audit in multinational companiesThe main goal of the submitted paper is to define the Sarbanes-Oxley Act, specify costs which are connected with its implementation and to analyze costs of application of internal control based on rules defined in this act in a selected company. The paper consists of four main parts and Conclusion summarizing the results. The first part is focused on general characteristics of audit. In the second part the difference between internal and external audit is defined. The third part deals with the Sarbanes-Oxley Act, its form, benefits and costs. In the last part there is analysis of costs of implementation and testing of controls according to SOX controls in a selected company.https://acc-ern.tul.cz/archiv/PDF/ACC_2014_2_01.pdf2014-09-30716JosefHorák1AUTHORKristýnaKrásná2AUTHORORIGINAL_ARTICLEEfficient company training in case of companies in the Czech RepublicCompany training is an important part of employee care. It is seen as an employee benefit and at the same time it is an important factor that affects a company’s success. Having well- educated employees who have the knowledge and skills and use them in their work is an important competitive advantage as well. Therefore, a company that invests in its employees´ training beyond the framework of mandatory legislative requirements invests in intangible, so called human capital at the same time. Research shows that investment in human capital is profitable, not only in terms of formal education, but also in the case of education in the company environment (training). The first part of this paper focuses on the issue of company education from the perspective of professional publications, particularly in relation to the effectiveness of investments in company training and the question of measurement. The second part of the paper examines the primary data collected among respondents from both individuals and companies in the Czech Republic in the year 2013 showing how Czech companies educate their employees and how they deal with the issue of evaluation of these investments.https://acc-ern.tul.cz/archiv/PDF/ACC_2014_2_02.pdf2014-09-301730KateřinaMaršíková1AUTHORGabrielaSpurná2AUTHORORIGINAL_ARTICLEVerification of the usefulness in implementing discriminant analysis models in the assessment of potentially bankrupt businesses in the wholesale trade sector within the construction industryThe making of a proper financial assessment of a company may help in the protection of its interests and often prevent it from going bankrupt. If a company’s bad financial situation is recognized early enough then the company can still be saved if the right decisions are made. The purpose of this article is to answer the question whether and to what extent the classical multivariate discriminant analysis model predicts the possibility of bankruptcy of companies in the wholesale construction industry, which in the recent years have been having problems due to payment gridlocks. The analysis shows that the bankruptcy models can only be used as a component within a more in-depth analysis, and not as the sole means of evaluating companies.https://acc-ern.tul.cz/archiv/PDF/ACC_2014_2_03.pdf2014-09-303140Jacek AndrzejSzyda1AUTHORORIGINAL_ARTICLEA city’s e-image on the basis of selected neisse euroregion citiesIn the presented article the author refers to the dynamically developing modern information and communications technologies and their application by local authorities in order to improve and create their proper image. The purpose of the article is to define the term e-image of cities and also to introduce the premises, methods and benefits resulting from the use of the Internet regarding the term’s construction. The accomplishment of the above mentioned aim is supported by the analysis of the e-image of selected Neisse Euroregion cities.https://acc-ern.tul.cz/archiv/PDF/ACC_2014_2_04.pdf2014-09-304252JustynaAdamczuk1AUTHORORIGINAL_ARTICLEThe implementation circumstances of the reverse mortgage credit, an innovatory product for the old age security in PolandThe article attempts to approximate the mechanism of action of innovative products intended to protect people in their old age. There was also identified a pension for life and a reverse mortgage credit, which based on the capital located in an estate, give property owners the opportunity to convert this "frozen" capital into real funds. Currently, the Polish society needs innovative solutions to the improvement of domestic budgets. In view of the lengthening of the average life expectancy of negative growth, the family model 2 plus 1, but also of the prospects for successful development of the Polish economy and the real estate market, security products for people in the time of their old age deserve widespread promotion.https://acc-ern.tul.cz/archiv/PDF/ACC_2014_2_05.pdf2014-09-305362AnetaNietupska1AUTHORORIGINAL_ARTICLEConcentration of the ict industry in the Czech Republic, Germany and PolandInformation and communication technologies sector (ICT) is an important motor for innovation, growth and employment in the modern economy. At the same time, it is one of the fastest growing worldwide industries. ICT companies tend to concentrate in specific geographic regions in order to achieve higher profits and the overall effect of their clustering. High concentration of ICT makes the region more attractive and can foster its economic growth. Germany is one of the leaders in terms of innovation and promotion in Europe, but the Czech Republic and Poland are developing fast. The goal of this article is to compare concentration of the ICT industry representation, to identify regions highly specialized in this sector, as well as recognize potential ICT clusters in the Czech Republic, Germany and Poland.https://acc-ern.tul.cz/archiv/PDF/ACC_2014_2_06.pdf2014-09-306371PiotrSzwinta1AUTHOR