Reflection of the Impact of Risks in Financial and Non-financial Reporting
The economic activity of an organization is always associated with different types of risks. Financial statements serve as an information base for their identification, assessment, and control over their level. Almost all known risks affect the reliability of financial and completeness of non-financ...
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| Format: | Article |
| Language: | Russian |
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Government of Russian Federation, Financial University
2022-05-01
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| Series: | Учёт. Анализ. Аудит |
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| Online Access: | https://accounting.fa.ru/jour/article/view/454 |
| Summary: | The economic activity of an organization is always associated with different types of risks. Financial statements serve as an information base for their identification, assessment, and control over their level. Almost all known risks affect the reliability of financial and completeness of non-financial reporting. Today the issues concerning approaches to assessing risk situations, ways of reflecting information about them in the reporting of companies remain topical. The emergence of new types of risks poses new challenges for business entities. It includes reducing or avoiding negative consequences from the onset of risks; unification of information about them in financial and non-financial reporting; search for methods of evaluation, control, and management of their new types. During the study, the author conducted a bibliographic study of the economic literature in the field of disclosure of information about risks in reporting, using methods of generalization, systematization, grouping, analysis, and synthesis. |
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| ISSN: | 2408-9303 2619-130X |