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History and the Russian accounting transition

History and the Russian accounting transition The pace of Russian accounting reform towards international accounting standards has been a disappointment to many. Twentieth-century Russian history can help to provide some explanation for this slow pace. The corruption and deception of the Communist era has not given post-Communist Russia a tradition of transparency with which to approach accounting reform. The Yeltsin era has had many fundamental economic reforms initiated; however, the legacy of corruption and bureaucratic interference has continued. This continuation of corruption has discredited market economy-based reforms in the eyes of many Russians. This continuation of corruption has thus negatively impacted the pace of accounting reform. It is not clear if current announced deadlines for the adoption of international accounting standards will be met. However, it is expected that authentic accounting reform will take place eventually. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Accounting, Auditing and Performance Evaluation Inderscience Publishers

History and the Russian accounting transition

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
1740-8008
eISSN
1740-8016
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Abstract

The pace of Russian accounting reform towards international accounting standards has been a disappointment to many. Twentieth-century Russian history can help to provide some explanation for this slow pace. The corruption and deception of the Communist era has not given post-Communist Russia a tradition of transparency with which to approach accounting reform. The Yeltsin era has had many fundamental economic reforms initiated; however, the legacy of corruption and bureaucratic interference has continued. This continuation of corruption has discredited market economy-based reforms in the eyes of many Russians. This continuation of corruption has thus negatively impacted the pace of accounting reform. It is not clear if current announced deadlines for the adoption of international accounting standards will be met. However, it is expected that authentic accounting reform will take place eventually.

Journal

International Journal of Accounting, Auditing and Performance Evaluation – Inderscience Publishers

Published: Jan 1, 2005

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