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№ 4/2017

Nauk. pr. NDFI 2017 (4): 128–142https://doi.org/10.33763/npndfi2017.04.128

PUBLIC FINANCES

KUCHERIAVA Maria ¹

¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0003-2948-1234

Ensuring the quality of financial reporting as a direction of activities of international organizations

Modern information society makes the requirements for quality of information. Financial reporting as the source of information is no exception. The article substantiates the importance of ensuring the quality of this information product. In particular, general documents issued by international organizations are highlighted. The research examines the documents on enforcement of quality of financial reporting developed and improved by international professional associations of accountants. The author defines and studies the mechanism of influence of the main factors on the quality of financial reporting of entities. The relationship between the level of compliance with the requirements of international accounting and reporting standards, audit, professional education of accountants and the quality of financial reporting is determined. In this regard, the activities of key international professional organizations of accountants and auditors are considered. The issues of integrating efforts of international professional associations are analyzed. The author examines the main levels of oversight and compliance measures to ensure the quality of financial reporting. These levels include the organization of accounting system, the establishment of requirements for the quality of financial reporting, the assessment of the quality of financial reporting. The author analyzes the general provisions of the document issued by the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (United Nations Conference on Trade and Development). This document defines the principles of development of the effective oversight system and enforcement of requirements for high-quality corporate reporting. The assessment of regulatory activities of intergovernmental organizations, international and national professional associations of accountants is the result of the analysis.

Keywords:the quality of financial reporting, International Financial Reporting Standards (IFRS), International Standards on Auditing, International Education Standards for Professional Accountants, international professional associations, continuous professional development, UN Conference on Trade and Development

JEL: М41, М42, М48

Kucheriava M. . Ensuring the quality of financial reporting as a direction of activities of international organizations / M. Kucheriava // Наукові праці НДФІ. - 2017. - № 4. - C. 128-142.

Article original in Ukrainian (pp. 128 - 142)

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