Disclosure of information of the international financial accounting system of the enterprise
The transition to international accounting and financial reporting standards is one of the conditions for the support of enterprises and organizations by state structures, including tax authorities.In the face of increased risks, the recognition of international financial reporting standards is an important step in attracting foreign investment. The transition to international accounting practices will greatly facilitate the relationship with foreign investors, will contribute to the increase in the number of joint projects. In most countries that have strict legal regulation of economic activity, the government or major banks have historically been considered as the main investors, while in countries with legislation of general legal orientation, organizations receive investments and loans through the developed securities market by placing shares and bonds. Thus, if we consider the idea of the impact of the “environment” on the accounting system as correct, we can expect that in countries with similar socio-economic conditions and accounting systems have much in common.