Problematic Aspects of Financial Reporting in Latvia

Jesemcika, Anna
July 2012
Economic Science for Rural Development Conference Proceedings;2012, Issue 28, p194
Academic Journal
The article outlines the changes of accounting policy in financial reporting having occurred in Latvia within the past decade. This period is significant, since the Latvian system of financial accounting and reporting was integrated into the European accounting system. The legal regulation of accounting has been developed and improved in the mentioned period. The article focuses on the legal and regulatory enactments defining significant changes in Latvian system of financial accounting, and development tendencies for the regulation of accounting in Latvia within the recent years. The research hypothesis: adjustment of the regulatory enactments on accounting assumes their harmonisation with the requirements of international standards.


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