ACCOUNTING AND TAXATION
LOVINSKA Ljudmyla 1, YASTREMSKYI Olexandr 2
1Kyiv National Economic University named after Vadym Hetman
OrcID ID : https://orcid.org/0000-0001-5427-7185
2SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0001-9900-3612
International initiatives on methodical provision of monitoring of compliance and enforcement of IFRS
The problems of implementation of International Financial Reporting Standards (IFRS) in a particular country are considered in the article. International Financial Reporting Standards are generally aimed at meeting information needs of users, such as shareholders, investors, partners and others. Therefore, monitoring of compliance and enforcement of these standards is essential to achieve economic and social benefits of their implementation. Of particular importance is the introduction of such monitoring systems in developing countries and countries with economies in transition. Key foundations and mechanisms of a monitoring system of compliance and enforcement of International Financial Reporting Standards and good practices in this field are covered in the draft manual of the United Nations Conference on Trade and Development (UNCTAD) “Monitoring and ensuring compliance for high-quality corporate reporting: guidance on capacity building and good practices”. The experience of scientists of the State educational and scientific institution “Academy of Financial Management” in the preparation of this manual, proposals to it and their justification are highlighted in the article.
Keywords:monitoring of compliance and enforcement (MC&E), National Accounting Standards, International Financial Reporting Standards (IFRS), International Federation of Accountants (IFAC), Accounting Development Tool (ADT).
JEL: M41, M48
Lovinska L. . International initiatives on methodical provision of monitoring of compliance and enforcement of IFRS / L. . Lovinska, O. Yastremskyi // Наукові праці НДФІ. - 2016. - № 2. - C. 53-61.
| Article original in Ukrainian (pp. 53 - 61) | Download | Downloads :644 |
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