SOME ASPECTS OF THE LEGAL FRAMEWORC OF THE ACCOUTING PROFESSIONJournal: Innovative Economics and Management (Vol.II, No. 1)
Publication Date: 2016-09-30
Authors : NAZI GVARAMIA NANULI DZIMTCEISHVILI;
Page : 67-70
Keywords : Accounting; Auditing; Standards; Regulation.;
Key questions of accounting and audit regulations, exists in Georgia nowadays and correspondingly, legal changes, executed towards the above said direction is given in this scientific thesis. The task of this thesis is to present the audit role and possibility of accounting in modern management system, and it is not covered only by the registration of economical operations, but it is also the necessary instrument of financial information, linking ring among the economical activity and the entities, who make the decisions, which have the great meaning in functioning of economical subjects in order to make correct management discussions. Practical realization of a problem, made in our country was done by the Georgian professional accountants and audit fed - eration (BUF), which was created in April 1998 on the result of confluence of Georgian accountant club and Georgian ac - countant association. On the way of accounting activity's improvement, important step was taken by the mutual force of Georgian professional accountants and audit's federation and USA international development agency (USAID), which has the law “about accounting and calculation”, adopted by the parliament, by which, the Joint stock companies, from January 1, 2000, Limited liability companies and cooperatives are making the accounting and calculations from January 1, 2011 in compliance with the international accounting standards. Due to it, the aim of this research is to represent the experience, existed in the sphere of accounting and audit of Georgia, criteria of accounting professional acknowledgment and correspondingly on the base of legal bases of changes, executed on the modern stage. World known practice of accounting activity reveals, that role of international accounting standards and the mean - ing, is gradually increased and it is said by increasing of world economical globalization, which means the participation of world's capital in separate countries' economy. Follow from this, interested investors, creditors and etc. need timely and hopeful information in return for the invested capital about get a possible economical profit, getting of such information is not possible without foreseeing of international standards principles of accountant in national calculation system. . For nowadays, sharing of international experience in accounting is very urgent and correspondingly its introduction in accounting and calculation sphere. Follow from this, world known concepts, settled in the modern accounting and audit sphere is discussed in this scientific research, including, the experience of European countries and USA towards the above - mentioned direction.
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