The role of financial reporting in economic integration processes

Аннотация

The role of financial reporting is beyond the scope of the specific and narrow specifications. The article emphasizes that the financial statements incorporated in accordance with international standards are to attract investments in the private sector, increase competitiveness and job creation, financial stability and sustainable development of regions; Establishment of financial reporting publication, increases the level of trust and transparency, corrupts corruption, facilitates decision making and enhances a balanced state policy. In the inevitable processes of globalization and economic integration, financial statements acquire a favorable mediator and get closer to the opposing worldly positions.