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ACCOUNTING AND PUBLIC EXPECTATIONS: INTERRELATIONS AND TRANSFORMATION OF ACCOUNTING CONTROL FUNCTION

Amanzholova, B.

Abstract

This research is devoted to revision of modern functions of accounting taking into account change of environment and internal potential of registration procedures. It is obvious that development of the public relations objectively promotes improvement and modification of the content of the main functions of accounting according to modern expectations of interested parties. Traditionally in a control system the accounting performed the following main functions: control, ensuring safety of property, information, feedback, analytical. The analysis of modern researches testifies the prevalence in their structure of the developments devoted to progress of information and analytical functions of accounting. Besides, author observes the tendency of specification of the accounting functions, which is explained by various phenomena and the processes accompanying the change of national economy structure and legislative base of business. However, without belittling the importance of results of such researches, here should be noted the relevance of views revision for the accounting control function content. In favor of relevance of research of accounting control function it is possible to call the facts of the corporate financial scandals caused by fraud during the forming and confirmation of reliability of financial reporting. So, the Russian review of economic crimes for 2014, carried out by PricewaterhouseCoopers, testifies that as a result of accounting data manipulation 25\% of respondents in Russia underwent to economic crimes, worldwide – 22\% [1 ]. Efficiency of prevention of economic crimes in the accounting sphere in many respects is defined by systemacity and a continuity of the control procedures integrated into system of accounting in the organization. Addressing to history of accounting and its conceptual bases, it is visible that priority of control function is connected with the solution of problems of effective management ensuring in the enterprise and quantifications of financial results. Management development at the present stage demands coordination of functions of accounting taking into account its functionality and a functional demand. Such approach is based on an institutional paradigm of accounting. Control function of accounting shouldn't be considered separately from other its functions as today a priority problem of accounting ensuring reliability of registration information admits. Therefore, mechanisms of formation of the internal control environment as instrument of decrease in risks and increase of reliability of the internal registration information, focused on nature of public expectations, have to be considered as key question in the researches devoted to functions of accounting. 11SGEM 2014 International Multidisciplinary Scientific Conferences on Social Sciences and Arts The goal of research is to analyze the relationship between the development of accounting, changing needs of the interested parties and the transformation of the control function of accounting.

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DOI resolver: doi.org/10.5593/SGEMSOCIAL2014/B22/S6.002

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