Abstract
This article discusses the issues of transition and preparation of consolidated financial statements on the execution of the republican budget in accordance with international financial reporting standards for the public sector in the Republic of Kazakhstan, as well as their impact on the results of the audit of consolidated financial statements on the execution of the republican budget. The significance of the transition to international financial reporting standards for the public sector is given. The ways of adopting international financial reporting standards for the public sector are considered, and how this should happen. The main problems of the adoption of international financial reporting standards for the public sector were identified, and the main points of solving these issues were considered. It is concluded that international financial reporting standards for the public sector are of great importance for the results of the audit of consolidated financial statements on the execution of the republican budget both for the country and for society.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: ECONOMIC Series of the Bulletin of the L N Gumilyov ENU
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
