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Corporate Governance Principles and Accounting: Ways of Harmonization

Journal: Oblik i finansi (Vol.1, No. 82)

Publication Date:

Authors : ;

Page : 77-83

Keywords : corporate governance principles; accounting and analytical support for corporate governance; agent problem; implementation of IFRS;

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High-quality corporate governance is a basic prerequisite for ensuring the integrity and efficiency of the company. The corporate governance principles must necessarily be used in building the accounting system, which will ensure the integration of accounting objectives and corporate governance objectives. The purpose of the article is to disclose the history of occurrence, the essence of the corporate governance principles and the directions of their harmonization with the accounting system. The relevance of the harmonization of the corporate governance principles G20 / OECD and accounting was substantiated. The change in the conditions of corporate activity in the world was analyzed. The features of the historical development of the corporate governance principles G20 / OECD were considered. The expediency of considering accounting as a social (institutional) practice was grounded, which reflects the existing socio-economic relations and changes that occur around the enterprise's accounting system. The features of the normative regulation of the corporate governance principles in Ukraine were disclosed. Based on the analysis of the relationship between the corporate governance principles G20 / OECD and accounting, the four main directions for further improvement of the accounting (organizational, methodical, technical and technological, theoretical) were identified. It in general will improve the quality of corporate governance in Ukraine. In the context of each of the directions, further ways of their implementation were highlighted, taking into account the current level of development of accounting in Ukrainian companies and global trends in the development of accounting science and practice. The expediency of paying special attention to the issues of accounting and analytical support of corporate governance in the context of IFRS implementation was substantiated.

Last modified: 2019-01-23 22:05:21