Institutional Analysis of Accounting Development Trends

Oleh Kantsurov ()
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Oleh Kantsurov: Kyiv National Economic University named after Vadym Hetman

Oblik i finansi, 2014, issue 2, 19-23

Abstract: The Article covers the analysis of accounting development trends on the basis of Institutional Economic theory. Grounds for the Accounting Institution have been established that would determine its further development vector. Priorities in the Accounting Institution transformation management have been substantiated. It has been proved that the Accounting Institution formed in Ukraine is qualified as one with moderate state regulation where formal rules are established on the basis of consensus, it goes in conformity with the trend of institutional development of respective social-and-economic activity area, is in line with the institutional system and meets the national mentality. The core objectives of the Accounting Institution improvements are: 1) enhancing of its rules compliance mechanism through developing the Audit Institution as the means of public control over accounting rules compliance and financial reporting consistency; 2) support in developing professional organizations ensuring control over moral and ethical behavior of accountants and auditors.

Keywords: institutionalism; accounting; social and economic institution; state regulation; professional regulation (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:iaf:journl:y:2014:i:2:p:19-23

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