THE MAIN REQUIREMENTS OF FINANCIAL STATEMENTS QUALITY, ACCORDING BY RUSSIAN STANDARDS AND IFRS

To date, Russian legislation is increasingly adapting to international standards. Russia had a different historical and economic development than in other European countries, therefore, domestic legislation is very different from international standards. Before preparing accounting statements according by IFRS, you need to know what is the difference. This article examines the legislative acts of the Russian Federation and IFRS. The analysis produced of main requirements of financial statements quality according by Russian and international standards.