Subject. This article discusses the issues related to the development of requirements for the accounting statements of institutions as a source of evidence in the process of departmental control of financial and economic activities. Objectives. The article aims to develop requirements for the accounting statements of institutions used as evidence of the results of departmental control of financial and economic activities. Methods. For the study, I used the methods of grouping, comparison, and generalization. Results. Based on the analysis, the article substantiates the original position on the need to comply with the identity of the requirements for accounting (financial) reporting and other evidence of the conclusions and results of departmental control of financial and economic activities, internal State financial control and external government auditing, which can be used to develop the methodological provisions of the type of control under study. Conclusions. Analysis of research works of domestic and foreign authors and a number of regulations helped determine the basic requirements for evidence used in the process of departmental control of financial and economic activities and identify groups of such evidence depending on the purpose of implementation of the control measures carried out. This may contribute to the development of the concept of the type of control under study.
{"title":"Accounting reporting of institutions as a source of evidence in the process of departmental control of financial and economic activities","authors":"S. V. Golovin","doi":"10.24891/ia.25.12.1428","DOIUrl":"https://doi.org/10.24891/ia.25.12.1428","url":null,"abstract":"Subject. This article discusses the issues related to the development of requirements for the accounting statements of institutions as a source of evidence in the process of departmental control of financial and economic activities.\u0000Objectives. The article aims to develop requirements for the accounting statements of institutions used as evidence of the results of departmental control of financial and economic activities.\u0000Methods. For the study, I used the methods of grouping, comparison, and generalization.\u0000Results. Based on the analysis, the article substantiates the original position on the need to comply with the identity of the requirements for accounting (financial) reporting and other evidence of the conclusions and results of departmental control of financial and economic activities, internal State financial control and external government auditing, which can be used to develop the methodological provisions of the type of control under study.\u0000Conclusions. Analysis of research works of domestic and foreign authors and a number of regulations helped determine the basic requirements for evidence used in the process of departmental control of financial and economic activities and identify groups of such evidence depending on the purpose of implementation of the control measures carried out. This may contribute to the development of the concept of the type of control under study.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81296169","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article studies the trends in the development of artificial intelligence technologies in the field of internal audit. Objectives. The article aims to highlight the main trends in the development of artificial intelligence technologies in the field of internal audit, substantiating the prospects for the application of such technologies in the context of the development of a new concept of internal audit. Methods. For the study, we used analysis and synthesis, induction and deduction, systems approach, and the computational and graphic, and accounting and analytical methods. Results. The article reveals the prerequisites for the discrepancy between business expectations aimed at obtaining advisory support in making management decisions and the existing paradigm of internal audit, focused on testing the internal control and risk management system. The analysis of the existing machine learning methods in the context of its potential applicability in the internal auditor’s work helped identify key areas for using machine learning to improve the efficiency of performing audit procedures. Conclusions and Relevance. Machine learning as a field of knowledge of the theory of artificial intelligence can help automate the routine processes of internal audit and orient this function in the field of information and consulting support for business, contributing to its shifting away from control and audit activities. The use of individual elements of artificial intelligence technology contributes to improving the efficiency of internal audit. The results of the study can be used both for practical application by internal audit services, and for the development of the theory and practice of this field of knowledge.
{"title":"Artificial intelligence technologies: Prospects for use in the company’s internal audit","authors":"M. Safonova, Aleksei Yu. Alekseenko","doi":"10.24891/ia.25.12.1403","DOIUrl":"https://doi.org/10.24891/ia.25.12.1403","url":null,"abstract":"Subject. This article studies the trends in the development of artificial intelligence technologies in the field of internal audit.\u0000Objectives. The article aims to highlight the main trends in the development of artificial intelligence technologies in the field of internal audit, substantiating the prospects for the application of such technologies in the context of the development of a new concept of internal audit.\u0000Methods. For the study, we used analysis and synthesis, induction and deduction, systems approach, and the computational and graphic, and accounting and analytical methods.\u0000Results. The article reveals the prerequisites for the discrepancy between business expectations aimed at obtaining advisory support in making management decisions and the existing paradigm of internal audit, focused on testing the internal control and risk management system. The analysis of the existing machine learning methods in the context of its potential applicability in the internal auditor’s work helped identify key areas for using machine learning to improve the efficiency of performing audit procedures.\u0000Conclusions and Relevance. Machine learning as a field of knowledge of the theory of artificial intelligence can help automate the routine processes of internal audit and orient this function in the field of information and consulting support for business, contributing to its shifting away from control and audit activities. The use of individual elements of artificial intelligence technology contributes to improving the efficiency of internal audit. The results of the study can be used both for practical application by internal audit services, and for the development of the theory and practice of this field of knowledge.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90245407","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
G. Klychova, E. R. Salakhutdinova, K. Mukhamedzyanov
Subject. This article discusses the areas of concern associated with the stages and procedure for preparing non-financial reporting of organizations of various forms of management. Objectives. The article aims to explore the theoretical foundations and practical aspects of data preparation for non-financial reporting, systematize the factors characterizing the sustainable development of an economic entity, and present the principles of formation of non-financial reporting of the company. Methods. For the study, we used comparison, data systematization and generalization. Results. The article identifies areas of concern in the field of formation of data of non-financial reporting of an enterprise in modern economic conditions, presents the factors that influence the social sphere of activity of economic entities, and identifies key aspects that can be reflected in reporting that characterize the sustainable development of an economic entity. Conclusions and Relevance. Corporate social responsibility of business is not a contribution to socially significant and environmental projects only, its importance is due to economic efficiency for the business itself. The results of the study can be applied both in the development of the theory of reporting on sustainable development, and in the practice of socioeconomic activities of an economic entity in the context of sustainable business development.
{"title":"Non-financial reporting of organizations: Stages and procedures of preparation","authors":"G. Klychova, E. R. Salakhutdinova, K. Mukhamedzyanov","doi":"10.24891/ia.25.12.1346","DOIUrl":"https://doi.org/10.24891/ia.25.12.1346","url":null,"abstract":"Subject. This article discusses the areas of concern associated with the stages and procedure for preparing non-financial reporting of organizations of various forms of management.\u0000Objectives. The article aims to explore the theoretical foundations and practical aspects of data preparation for non-financial reporting, systematize the factors characterizing the sustainable development of an economic entity, and present the principles of formation of non-financial reporting of the company.\u0000Methods. For the study, we used comparison, data systematization and generalization.\u0000Results. The article identifies areas of concern in the field of formation of data of non-financial reporting of an enterprise in modern economic conditions, presents the factors that influence the social sphere of activity of economic entities, and identifies key aspects that can be reflected in reporting that characterize the sustainable development of an economic entity.\u0000Conclusions and Relevance. Corporate social responsibility of business is not a contribution to socially significant and environmental projects only, its importance is due to economic efficiency for the business itself. The results of the study can be applied both in the development of the theory of reporting on sustainable development, and in the practice of socioeconomic activities of an economic entity in the context of sustainable business development.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81962933","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article discusses the methodological particularities of accounting for deferred taxes within the framework of the procedures of intra- and inter-period distribution of tax effects, as well as the problems of presenting information on deferred taxes in financial statements. Objectives. The article aims to describe the conceptual and methodological aspects of intra- and inter-period distribution of tax effects, describe current problems of presenting information on deferred taxes, and offer recommendations to improve accounting standards. Methods. The research is speculative. For the study, I used the dialectical method of scientific knowledge, the method of collecting theoretical and regulatory information, the method of formalization, as well as analysis, synthesis, observation, and comparison. Results. The article distinguishes the procedures for the primary and secondary distribution of tax effects, describes the main methodological approaches to the registration of deferred taxes, and identifies the problems of using the valuation allowance for deferred tax assets and liabilities from the position of an accounting information system. Conclusions and Relevance. Currently, accounting standards for accounting for income taxes have significant theoretical shortcomings, including in terms of reporting information. The solution of the problems considered can help improve the quality and transparency of financial information, through using which external users will be able to objectively determine the features of the tax behavior of an economic entity. The results of the study can be used to develop and improve the accounting methodology for accounting for deferred taxes, national accounting standards, and corporate accounting policy to account for income taxes.
{"title":"Methodological specifics of deferred tax registration and the issues of adequate information presentation in financial statements","authors":"A. A. Aksent’ev","doi":"10.24891/ia.25.11.1225","DOIUrl":"https://doi.org/10.24891/ia.25.11.1225","url":null,"abstract":"Subject. This article discusses the methodological particularities of accounting for deferred taxes within the framework of the procedures of intra- and inter-period distribution of tax effects, as well as the problems of presenting information on deferred taxes in financial statements.\u0000Objectives. The article aims to describe the conceptual and methodological aspects of intra- and inter-period distribution of tax effects, describe current problems of presenting information on deferred taxes, and offer recommendations to improve accounting standards.\u0000Methods. The research is speculative. For the study, I used the dialectical method of scientific knowledge, the method of collecting theoretical and regulatory information, the method of formalization, as well as analysis, synthesis, observation, and comparison.\u0000Results. The article distinguishes the procedures for the primary and secondary distribution of tax effects, describes the main methodological approaches to the registration of deferred taxes, and identifies the problems of using the valuation allowance for deferred tax assets and liabilities from the position of an accounting information system.\u0000Conclusions and Relevance. Currently, accounting standards for accounting for income taxes have significant theoretical shortcomings, including in terms of reporting information. The solution of the problems considered can help improve the quality and transparency of financial information, through using which external users will be able to objectively determine the features of the tax behavior of an economic entity. The results of the study can be used to develop and improve the accounting methodology for accounting for deferred taxes, national accounting standards, and corporate accounting policy to account for income taxes.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79779902","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article discusses the Exposure Drafts of International Sustainability Reporting Standards. Objectives. The article aims to explore the particularities of the architecture of Drafts Sustainability Reporting Standards submitted by the International Sustainability Standards Board (ISSB) under the IFRS Foundation and the Project Task Force on European Sustainability Reporting Standards. Methods. For the study, I used analysis, synthesis, comparison, and generalization. Results. Based on a comparative analysis of the architecture, provisions and substance of the Exposure Drafts submitted by the two developers, the article notes that there are certain differences in aspects of the organization's activities covered by the studied systems of standards, goal-setting, and approaches to determining the materiality and applicability. Conclusions and Relevance. The Exposure Drafts of the International Sustainability Standards Board (ISSB) under the IFRS Foundation aim to meet the information needs of capital markets, and they are based on the concept of financial materiality. The application of the European Standards will provide information in the field of sustainable development to a wide range of stakeholders, since they are based on the concept of double materiality. Both the systems aim to create conditions for more complete, coherent, comparable, and verifiable information in the field of sustainable development. The results of the study can be applied in the development of Russian requirements for the disclosure of sustainability-related information.
{"title":"International sustainability reporting standards: A comparative analysis","authors":"N. Malinovskaya","doi":"10.24891/ia.25.11.1206","DOIUrl":"https://doi.org/10.24891/ia.25.11.1206","url":null,"abstract":"Subject. This article discusses the Exposure Drafts of International Sustainability Reporting Standards.\u0000Objectives. The article aims to explore the particularities of the architecture of Drafts Sustainability Reporting Standards submitted by the International Sustainability Standards Board (ISSB) under the IFRS Foundation and the Project Task Force on European Sustainability Reporting Standards.\u0000Methods. For the study, I used analysis, synthesis, comparison, and generalization.\u0000Results. Based on a comparative analysis of the architecture, provisions and substance of the Exposure Drafts submitted by the two developers, the article notes that there are certain differences in aspects of the organization's activities covered by the studied systems of standards, goal-setting, and approaches to determining the materiality and applicability.\u0000Conclusions and Relevance. The Exposure Drafts of the International Sustainability Standards Board (ISSB) under the IFRS Foundation aim to meet the information needs of capital markets, and they are based on the concept of financial materiality. The application of the European Standards will provide information in the field of sustainable development to a wide range of stakeholders, since they are based on the concept of double materiality. Both the systems aim to create conditions for more complete, coherent, comparable, and verifiable information in the field of sustainable development. The results of the study can be applied in the development of Russian requirements for the disclosure of sustainability-related information.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91536396","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article discusses the issues related to the regulation of the valuation of intangible assets and reflection of information about them in reporting. Objectives. The article aims to identify the prospects for solving the problematic aspects of the intangible assets valuation and reflection in reporting. Methods. For the study, I used a critical analysis, synthesis, comparison, observation, and the analogy approach. Results. The article identifies problematic aspects of intangible assets valuation and information disclosure in reporting. It presents the results of a study of new approaches to the intangible assets valuation and reporting information reflection in FSBU 14/2022 – Intangible Assets Standard, and in the FSBU Projects – Intangible Assets, developed by the Ministry of Finance of the Russian Federation and the National Non-Governmental Accounting Regulator "Accounting Methodological Center" (NRBU BMTs Fund). Conclusions and Relevance. FSBU 14/2022 – Intangible Assets Standard and the Ministry of Finance of the Russian Federation and the NRBU BMTs Fund's Projects contain regulations on the initial and subsequent measurements of intangible assets, their useful life, amortization methods, reflection of information in reporting, which differ from the rules of PBU 14/2007 – Accounting for Intangible Assets. Each of the Projects under consideration has both advantages and disadvantages with regard to the intangible assets valuation and reflection in reporting. The FSBU 14/2022 regulations are similar to those ones presented in the FSBU Project, developed by the Ministry of Finance of Russia. The adoption of FSBU 14/2022 is a step forward with regard to the regulation of intangible assets valuation and reporting compared to PBU 14/2007. The results obtained have both practical and theoretical areas of application in the field of financial accounting.
{"title":"Intangible asset accounting outlook: Valuation and reporting","authors":"T. Druzhilovskaya","doi":"10.24891/ia.25.11.1283","DOIUrl":"https://doi.org/10.24891/ia.25.11.1283","url":null,"abstract":"Subject. This article discusses the issues related to the regulation of the valuation of intangible assets and reflection of information about them in reporting.\u0000Objectives. The article aims to identify the prospects for solving the problematic aspects of the intangible assets valuation and reflection in reporting.\u0000Methods. For the study, I used a critical analysis, synthesis, comparison, observation, and the analogy approach.\u0000Results. The article identifies problematic aspects of intangible assets valuation and information disclosure in reporting. It presents the results of a study of new approaches to the intangible assets valuation and reporting information reflection in FSBU 14/2022 – Intangible Assets Standard, and in the FSBU Projects – Intangible Assets, developed by the Ministry of Finance of the Russian Federation and the National Non-Governmental Accounting Regulator \"Accounting Methodological Center\" (NRBU BMTs Fund).\u0000Conclusions and Relevance. FSBU 14/2022 – Intangible Assets Standard and the Ministry of Finance of the Russian Federation and the NRBU BMTs Fund's Projects contain regulations on the initial and subsequent measurements of intangible assets, their useful life, amortization methods, reflection of information in reporting, which differ from the rules of PBU 14/2007 – Accounting for Intangible Assets. Each of the Projects under consideration has both advantages and disadvantages with regard to the intangible assets valuation and reflection in reporting. The FSBU 14/2022 regulations are similar to those ones presented in the FSBU Project, developed by the Ministry of Finance of Russia. The adoption of FSBU 14/2022 is a step forward with regard to the regulation of intangible assets valuation and reporting compared to PBU 14/2007. The results obtained have both practical and theoretical areas of application in the field of financial accounting.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88820624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article examines the revised requirements and recommendations of the current ISA 315 Standard – Identifying and Assessing the Risks of Material Misstatement, and compares them with the provisions of the previous redrafted Standard – Identifying and Assessing the Risks of Material Misstatement Through Understanding the Entity and Its Environment. Objectives. The article aims to analyze the new edition of the ISA 315 Standard, which reflects important changes that have been made in response to the changing operating environment of the organization and the use of information technology and financial reporting structure. Methods. For the study, we used classification, synthesis, and induction and deduction. Results. The article identifies the most important changes made to the revised ISA 315 Standard and describes a case of an internal control system assessment based on the relationship between the control environment, risk assessment process, information system, control activities and control procedures. Conclusions. The article concludes that the improvements and clarifications provided by the current ISA 315 Standard – Identifying and Assessing the Risks of Material Misstatement, help auditors to apply audit risk models in identifying and assessing risks of material misstatement.
{"title":"Transformation of ISA 315 as a response to the changing operating environment and the introduction of digital technologies","authors":"M. Safonova, N. Mamushkina","doi":"10.24891/ia.25.11.1307","DOIUrl":"https://doi.org/10.24891/ia.25.11.1307","url":null,"abstract":"Subject. This article examines the revised requirements and recommendations of the current ISA 315 Standard – Identifying and Assessing the Risks of Material Misstatement, and compares them with the provisions of the previous redrafted Standard – Identifying and Assessing the Risks of Material Misstatement Through Understanding the Entity and Its Environment.\u0000Objectives. The article aims to analyze the new edition of the ISA 315 Standard, which reflects important changes that have been made in response to the changing operating environment of the organization and the use of information technology and financial reporting structure.\u0000Methods. For the study, we used classification, synthesis, and induction and deduction.\u0000Results. The article identifies the most important changes made to the revised ISA 315 Standard and describes a case of an internal control system assessment based on the relationship between the control environment, risk assessment process, information system, control activities and control procedures.\u0000Conclusions. The article concludes that the improvements and clarifications provided by the current ISA 315 Standard – Identifying and Assessing the Risks of Material Misstatement, help auditors to apply audit risk models in identifying and assessing risks of material misstatement.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73158797","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article deals with the issues of reforming the accounting and reporting system in Russia. Objectives. The article aims to analyze the results of reforming the accounting and reporting system in Russia over the past thirty years and identify the main trends in its further development. Methods. For the study, we used analysis and synthesis, induction and deduction, analogy, and comparison. Results. Based on the conducted analysis, the article shows the main ways of reforming accounting and reporting in Russia over the past thirty years, as well as possible trends in its further development. Conclusions and Relevance. The article concludes about the development of accounting in Russia in connection with the emergence of a number of important aspects, as well as the need to revise the main areas of reforming the accounting and reporting system under the current crisis situation and economic sanctions against Russia. The results of the study can be used to further develop the theory and methodology of accounting in the Russian Federation.
{"title":"Development of accounting in Russia (1991–2021): The results and prospects","authors":"S. Kozmenkova, R. Alborov","doi":"10.24891/ia.25.11.1261","DOIUrl":"https://doi.org/10.24891/ia.25.11.1261","url":null,"abstract":"Subject. This article deals with the issues of reforming the accounting and reporting system in Russia.\u0000Objectives. The article aims to analyze the results of reforming the accounting and reporting system in Russia over the past thirty years and identify the main trends in its further development.\u0000Methods. For the study, we used analysis and synthesis, induction and deduction, analogy, and comparison.\u0000Results. Based on the conducted analysis, the article shows the main ways of reforming accounting and reporting in Russia over the past thirty years, as well as possible trends in its further development.\u0000Conclusions and Relevance. The article concludes about the development of accounting in Russia in connection with the emergence of a number of important aspects, as well as the need to revise the main areas of reforming the accounting and reporting system under the current crisis situation and economic sanctions against Russia. The results of the study can be used to further develop the theory and methodology of accounting in the Russian Federation.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"31 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89967629","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article discusses the issues related to the regulation of the interpretation and recognition of intangible assets. Objectives. The article aims to identify the prospects for solving the problematic aspects of the interpretation of the economic essence of intangible assets and the criteria for their recognition in accounting and reporting. Methods. For the study, I used a critical analysis, synthesis, comparison, observation, and the analogy approach. Results. The article presents the results of a study of new approaches to the interpretation of the economic essence and recognition of intangible assets in the FSBU Projects – Intangible Assets, developed by the Ministry of Finance of the Russian Federation and the National Non-Governmental Accounting Regulator "Accounting Methodological Center" (NRBU BMTs Fund). Conclusions and Relevance. Each of the Projects under consideration has both advantages and disadvantages with regard to the interpretation of the economic essence and the regulation of criteria for the recognition of intangible assets. Both the Projects are a step forward with regard to the regulation of these issues compared to PBU 14/2007. The results obtained have both practical and theoretical areas of application in the field of financial accounting.
{"title":"Prospects for accounting for intangible assets: Interpretation of the economic essence and conditions of recognition","authors":"T. Druzhilovskaya","doi":"10.24891/ia.25.10.1116","DOIUrl":"https://doi.org/10.24891/ia.25.10.1116","url":null,"abstract":"Subject. This article discusses the issues related to the regulation of the interpretation and recognition of intangible assets.\u0000Objectives. The article aims to identify the prospects for solving the problematic aspects of the interpretation of the economic essence of intangible assets and the criteria for their recognition in accounting and reporting.\u0000Methods. For the study, I used a critical analysis, synthesis, comparison, observation, and the analogy approach.\u0000Results. The article presents the results of a study of new approaches to the interpretation of the economic essence and recognition of intangible assets in the FSBU Projects – Intangible Assets, developed by the Ministry of Finance of the Russian Federation and the National Non-Governmental Accounting Regulator \"Accounting Methodological Center\" (NRBU BMTs Fund).\u0000Conclusions and Relevance. Each of the Projects under consideration has both advantages and disadvantages with regard to the interpretation of the economic essence and the regulation of criteria for the recognition of intangible assets. Both the Projects are a step forward with regard to the regulation of these issues compared to PBU 14/2007. The results obtained have both practical and theoretical areas of application in the field of financial accounting.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79839055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Subject. This article deals with the issues of integration in the field of audit activities of the EAEU Member States to improve the investment climate and increase the confidence of potential investors in the accounting statements and the results of the activities of enterprises and organizations of the country of possible investment. Objectives. The article aims to analyze the state of organization and regulation of audit activities and assess the legal rules of the introduced common market of audit services in the EAEU Member States, as well as possible areas and problems of their implementation. Methods. For the study, I used the methods of comprehensive, critical, logical, and statistical analyses. Results. The article identifies common approaches and differences in the organization, regulation and standardization of audit activities in the EAEU Member States and assesses the starting conditions before the opening of the common market for audit services on the basis of the Agreement on the Implementation of Audit Activities within the Framework of the Eurasian Economic Union, starting from 2022. The article also draws conclusions about the ways and problems of the possible functioning of the common market of audit services within the framework of the EAEU. Conclusions. The current stage of development of integration in the field of audit within the framework of the EAEU is a very important step towards the free movement of capital between the countries of this Union. The first international legal document has appeared that defines the basic parameters for building such integration. The overall integration base in the field of audit is formed on the basis of the Russian experience and regulations, which will help bring audit activities in other EAEU Member States to a general high level of audit services, and consequently, to a higher quality, transparency and reliability of accounting statements of enterprises and organizations.
{"title":"Development of Eurasian economic integration in the field of auditing: The current stage","authors":"I.A. Zueva","doi":"10.24891/ia.25.10.1179","DOIUrl":"https://doi.org/10.24891/ia.25.10.1179","url":null,"abstract":"Subject. This article deals with the issues of integration in the field of audit activities of the EAEU Member States to improve the investment climate and increase the confidence of potential investors in the accounting statements and the results of the activities of enterprises and organizations of the country of possible investment.\u0000Objectives. The article aims to analyze the state of organization and regulation of audit activities and assess the legal rules of the introduced common market of audit services in the EAEU Member States, as well as possible areas and problems of their implementation.\u0000Methods. For the study, I used the methods of comprehensive, critical, logical, and statistical analyses.\u0000Results. The article identifies common approaches and differences in the organization, regulation and standardization of audit activities in the EAEU Member States and assesses the starting conditions before the opening of the common market for audit services on the basis of the Agreement on the Implementation of Audit Activities within the Framework of the Eurasian Economic Union, starting from 2022. The article also draws conclusions about the ways and problems of the possible functioning of the common market of audit services within the framework of the EAEU.\u0000Conclusions. The current stage of development of integration in the field of audit within the framework of the EAEU is a very important step towards the free movement of capital between the countries of this Union. The first international legal document has appeared that defines the basic parameters for building such integration. The overall integration base in the field of audit is formed on the basis of the Russian experience and regulations, which will help bring audit activities in other EAEU Member States to a general high level of audit services, and consequently, to a higher quality, transparency and reliability of accounting statements of enterprises and organizations.","PeriodicalId":100047,"journal":{"name":"Advances in International Accounting","volume":"54 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85314735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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