Vol.7, No 1, 2010 pp. 95 - 104
UDC 006.44:657.2
THE FUTURE APPROACH TO SETTING GLOBAL
FINANCIAL REPORTING STANDARDS –
IN FAVOUR OF TRUST AND INTEGRITY
Hristina Oreshkova
University of National and World Economy (UNWE), Sofia, Bulgaria
Department of Accounting and Finance
alexg@unwe.acad.bg
The experience in developing principles and standards in the field of accounting
and financial reporting, bankruptcies and other events around the world
indicate that a new approach is needed to restore the trust and consolidate
the integrity of the profession.
The consequences of the financial crisis question the benefits of further
action in support of the convergence. A consensus and agreement have been
reached that the economic reality in the world has changed to an extent
where the strategy and policy of convergence could hardly be as appropriate
and efficient as they were for the past period.
The concept that the convergence cannot be a key driving force any
longer has been gaining more and more supporters. The efforts must be focused
on the joint development of a new set of global financial reporting standards
in duly identified key priority areas. The people concerned would best
be served by high-quality financial information, and such information could
be provided by means of a single set of global financial reporting standards,
based on principles, and set by a single independent world institution.
Key Words: Financial reporting, convergence, strategy,
policy, global financial reporting standards, a single independent global
standard setter, jurisdiction
STANDARDI FINANSIJSKOG IZVEŠTAVANJA –
U PRILOG POVERENJU I INTEGRITETU
Iskustva u razvoju principa i standarda u oblasti računovodstva i finansijskog
izveštavanja, bankropstva i drugi događaji širom sveta ukazuju na to
da je potreban nov pristup koji bi povratio poverenje i učvrstio integritet
profesije.
Posledice finansijske krize dovode u pitanje koristi daljih akcija
koje podržavaju konvergenciju. Konsenzus i dogovor su postignuti da se
ekonomska stvarnost u svetu promenila do te mere da strategija i politika
konvergencije nisu više odgovarajuće i efikasne kao što su bile u proteklom
periodu.
Koncept da konvergencija ne može više biti ključni pokretač dobija
sve više pristalica. Napore treba usmeriti ka zajedničkom razvoju novog
seta globalnih standarda finansijskog izveštavanja u pravovremeno identifikovanim
prioritetnim oblastima. Zainteresovanim stranama najviše bi pomogle visoko-kvalitetne
finansijske informacije, a takve informacije bi pružao jedinstven set
globalnih standarda finansijskog izveštavanja, na osnovu principa, i donešen
od strane jedinstvene nezavisne svetske institucije.
Ključne reči: finansijski izveštaj, konvergencija, strategija,
politika, globalni standardi finansijskog izveštavanja, jedinstveno nezavisno
globalno telo koje određuje standarde, nadležnost
