The Essence, methodology and organization of correcting errors in reporting according to national and international standards
DOI:
https://doi.org/10.35774/visnyk2024.04.179Keywords:
accounting, accounting organization, reporting, financial reporting, method, accounting error, revised reportingAbstract
Introduction. The informatization of society increases the demand for accurate and truthful information, making the detection and correction of errors in accounting and reporting particularly relevant. The accounting system, developed over decades, no longer meets market requirements, as the conditions of operation significantly expand the need for reliable reporting indicators for effective economic decision-making. Therefore, new approaches are required to reflect adjusted information in financial reports.
The objective of the article is to analyze the nature of accounting errors, their interpretation in national and international standards, and to determine the methods for correcting errors and inaccuracies according to their periods of occurrence and their impact on financial indicators.
Methods. The study utilized methods of scientific abstraction, comparative analysis, bibliographic review, as well as dialectical and logical approaches.
Results. The research examined the regulatory framework governing the correction of errors in reports prepared under national and international standards. It analyzed the interpretation of accounting errors in scientific and regulatory sources, identifying their key characteristics and essence. Based on the findings, new methods for correcting errors in reporting under both international and national standards were proposed.
Perspectives. Further research is required into the procedures for preparing revised reports when correcting errors under international and national standards.
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