GENERAL REQUIREMENTS FOR THE PREPARATION, PRESENTATION AND PUBLICATION OF CONSOLIDATED FINANCIAL STATEMENTS IN RUSSIA

Task. The article discusses the General requirements for the preparation, presentation and publication of consolidated financial statements in Russia. The assessment of the peculiarities of its formation in connection with the regulatory changes in the Russian Federation on these aspects is given. The problem lies in the fact that the formation of these reports is a relatively new aspect for Russia of the development of integration processes of Russian companies requiring a special approach to its practical implementation and compliance with the legal requirements not only of Russia but also of the world community. Model. In order to confirm these aspects, the article investigates a number of requirements of regulatory legal acts regulating CFR. Summary. It is concluded that the application of IFRS is carried out in relation to the most socially significant institutions, which leads to the need to include in the circle of persons obliged to draw up a CFO, state authorities and on an annual basis to audit the quality of their work. Practical importance. The practical significance of the article lies in the fact that the conclusions and proposals are aimed at strengthening the emphasis on the generalization of regulatory requirements to the CFO. Originality. The study conducted by the authors revealed that the new reality has changed the attitude to financial reporting on the part of stakeholders.

consolidated financial statements, group of companies, regulatory and legal regulation, integration processes, shareholders, investors