Non-financial reporting of companies and the necessity of its confirmation by auditors in Ukraine
The relevance of the study is caused by the fact that the non-financial reporting of business entities and the intensification of process of globalization are becoming nowadays an important source of information for making managerial decisions by different groups of stakeholders. The process of its...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2018-06-01
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| Series: | Problems and Perspectives in Management |
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| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10514/PPM_2018_02_Petryk.pdf |
| _version_ | 1818134307368075264 |
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| author | Olena Petryk Оleksii Kurylo Oleksandra Karmaza Vitalii Makhinchuk Olga Martyniuk |
| author_facet | Olena Petryk Оleksii Kurylo Oleksandra Karmaza Vitalii Makhinchuk Olga Martyniuk |
| author_sort | Olena Petryk |
| collection | DOAJ |
| description | The relevance of the study is caused by the fact that the non-financial reporting of business entities and the intensification of process of globalization are becoming nowadays an important source of information for making managerial decisions by different groups of stakeholders. The process of its implementation, definition of types, forms and content remains legally unregulated for Ukraine. A process of its audit requires a systemic solution and an appropriate independent audit opinion.The purpose of the article is to summarize the European and international experience in the field of regulation of drawing up and publication of non-financial reporting, to work out problems of its content definition and to provide proposals for the regulation of these issues in Ukraine, to define the recommended groups of indicators, and to ground the main directions and tasks of their audit.It is proposed to create a general concept for the implementation and development of non-financial reporting in Ukraine, which may require the adoption of the future Law of Ukraine “On Public Non-Financial Reporting”, national standards for its preparation, and relevant methodological recommendations for their implementation. The directions of development of theoretical, organizational and methodical issues of audit of non-financial reporting are provided.A number of valid normative acts of the Audit Chamber of Ukraine in terms of the regulation of audit of non-financial reporting and improvement of professional qualifications of specialists require clarification and accompaniments. |
| first_indexed | 2024-12-11T09:06:32Z |
| format | Article |
| id | doaj.art-2f616f61e289435b8cd7f55fb98975a1 |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-12-11T09:06:32Z |
| publishDate | 2018-06-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-2f616f61e289435b8cd7f55fb98975a12022-12-22T01:13:36ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672018-06-0116238539510.21511/ppm.16(2).2018.3510514Non-financial reporting of companies and the necessity of its confirmation by auditors in UkraineOlena Petryk 0Оleksii Kurylo1Oleksandra Karmaza2Vitalii Makhinchuk3Olga Martyniuk4Doctor of Economics, Professor, Kyiv National Economic University Named after Vadym HetmanPh.D. in Law, Associate Professor of the Chair of International Relations of the Law Faculty, Sumy National Agrarian UniversityDoctor of Science (Law), Professor, Institute of Continuing Education Taras Shevchenko National University of KyivDoctor of Science (Law), the F. G. Burchak Scientific-Research Institute of Private Law and Business of National Academy of Law Sciences of UkrainePh.D., Аssistant professor of Corporate Finance Department of Faculty of Management, University of GdanskThe relevance of the study is caused by the fact that the non-financial reporting of business entities and the intensification of process of globalization are becoming nowadays an important source of information for making managerial decisions by different groups of stakeholders. The process of its implementation, definition of types, forms and content remains legally unregulated for Ukraine. A process of its audit requires a systemic solution and an appropriate independent audit opinion.The purpose of the article is to summarize the European and international experience in the field of regulation of drawing up and publication of non-financial reporting, to work out problems of its content definition and to provide proposals for the regulation of these issues in Ukraine, to define the recommended groups of indicators, and to ground the main directions and tasks of their audit.It is proposed to create a general concept for the implementation and development of non-financial reporting in Ukraine, which may require the adoption of the future Law of Ukraine “On Public Non-Financial Reporting”, national standards for its preparation, and relevant methodological recommendations for their implementation. The directions of development of theoretical, organizational and methodical issues of audit of non-financial reporting are provided.A number of valid normative acts of the Audit Chamber of Ukraine in terms of the regulation of audit of non-financial reporting and improvement of professional qualifications of specialists require clarification and accompaniments.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10514/PPM_2018_02_Petryk.pdfauditaudit reportcontrol proceduresindicatorsnon-financial reportingsocial responsibility |
| spellingShingle | Olena Petryk Оleksii Kurylo Oleksandra Karmaza Vitalii Makhinchuk Olga Martyniuk Non-financial reporting of companies and the necessity of its confirmation by auditors in Ukraine Problems and Perspectives in Management audit audit report control procedures indicators non-financial reporting social responsibility |
| title | Non-financial reporting of companies and the necessity of its confirmation by auditors in Ukraine |
| title_full | Non-financial reporting of companies and the necessity of its confirmation by auditors in Ukraine |
| title_fullStr | Non-financial reporting of companies and the necessity of its confirmation by auditors in Ukraine |
| title_full_unstemmed | Non-financial reporting of companies and the necessity of its confirmation by auditors in Ukraine |
| title_short | Non-financial reporting of companies and the necessity of its confirmation by auditors in Ukraine |
| title_sort | non financial reporting of companies and the necessity of its confirmation by auditors in ukraine |
| topic | audit audit report control procedures indicators non-financial reporting social responsibility |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10514/PPM_2018_02_Petryk.pdf |
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