РОЛЬ МІЖНАРОДНИХ СТАНДАРТІВ ФІНАНСОВОЇ ЗВІТНОСТІ В ОБ’ЄКТИВНОМУ РОЗКРИТТІ ФІНАНСОВОЇ ІНФОРМАЦІЇ ТНК
ROLE OF IFRS IN OBJECTIVE DISCLOSING OF MNCs’ FINANCIAL INFORMATION

Summary/Abstract: Introduction. In different countries arises the problem of congruence of national and international standards of financial accounting and financial reporting. Therefore, the purpose of this work is to investigate the reasons why IFRS exist and what impact they have on accounting and reporting of multinational corporations. Results. The main principles and assumptions of IFRS are researched, a comparison is made between IFRS and national standards of accounting. Attention is paid to interesting practical features of IFRS implementation in certain business situations. The practical examples also demonstrate the objectivity which the standards can bring to corporate reporting. Conclusion. In the following work, some steps of Ukrainian organizations concerning IFRS implementation are examined and described. Auditing is investigated as the measure of financial reporting assurance.

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