Responsibility for accounting of a business entity in Russian accounting law
Responsibility for accounting of a business entity in Russian accounting law

Summary/Abstract: The changes that occurred in Russia in the 1990s gave rise to the formation of business entities operating with the involvement of private capital. Therefore it became necessary to define or redefine numerous concepts related to business activity. Because of the lack of previously applicable solutions, it was specifically important to determine the responsibility for accounting, which was reflected in the new and amended legislation. The purpose of the article was to analyse the process of formalising the responsibility of managers and accountants for the accounting of a business entity in Russian Accounting Law. The reference literature in the Russian language and legislation were the subject of study. The employed research methods included a comparative analysis and logical reasoning. On the basis of the conducted research, it can be concluded that the present solutions resemble those adopted worldwide, however they still require some amendments.

• Details
• Contents