Problems of risk disclosure in the financial statements of organizations and ways to solve them

Abstract

The importance of disclosing information about risks in the financial statements of organizations (including healthcare organizations) cannot be overestimated. At the same time, at present there is no separate Federal Accounting Standard (FAS) or Accounting Regulation (AR) containing the rules for disclosing this information. The main regulations in this area are currently presented in a document with the status “Information of the Ministry of Finance of the Russian Federation” under the number PS-9/2012 (hereinafter IM No. PS-9/2012). An analysis of the requirements of this document, as well as the practice of disclosing information about risks in financial statements in accordance with this document, allows us to conclude that at present there are a number of theoretical, methodological and practical problems in the field of disclosure of the above information. These problems are analyzed in this article. The following methods were used in the research: analysis and synthesis, grouping method, comparison, analogy method, systematic approach, logical approach. As a result of the research, the article identifies the main groups of problems in the above area and offers suggestions for their solution. The results presented in the article may be useful to a wide range of readers interested in modern problems of Russian accounting, in particular, disclosure of information about risks in the financial statements of organizations (including healthcare organizations).