Key Directions and Methods for Implementing State Policy in Accounting, Financial Reporting and Auditing

Relevance. The transformation of the Russian economy in the context of sanctions pressure from the European Union and the United States necessitates a drastic shift in the structure of the national economy. It is based on an augmentation of the share of processing industries, enhancing economic security and self-sufficiency of the leading sectors in the production of strategic goods, as well as accelerating the pace of production renewal and improving its efficiency. Such alterations require substantial modifications, primarily, regarding control processes that constitute the information basis of the management system, thereby offering comprehensive justification for strategic, current, and operational management resolutions. It is of particular importance in this regard, as it is currently essential to assess the rationale for these adjustments.

The subject of the study. The analysis will encompass the existing accounting methods, the various types of reporting and auditing, and the new national goals. In addition, it will analyse the changes in the organisational and technological situation in production. It will evaluate the potential for the use of modern information and communication technologies and AI. Risks and opportunities for achieving the stated objectives will be identified. General scientific methodology was used: economic and mathematical methods, systems, dynamic, functional cost, and business analysis. The article examines the possibilities of using domestic management experience in different periods of the nation’s economic development.

The theoretical basis of the study includes materials summarising the experience of leading economic entities, industries, and regions of the country.

The results of the study may be of use to specialists at economic entities involved in the development of accounting, control, and preparation of various types of reporting systems, taking into account the requirements for ensuring financial stability, social and environmental responsibility. As well for the state and regional government bodies in the development of regulatory materials and methodological recommendations.

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