| | | | PROBLEMS OF MODERN ECONOMICS, N 3 (83), 2022 | | | | ECONOMICS, MANAGEMENT, AND ACCOUNTING AT THE ENTERPRICE | | | Shtina O. A.
Head of the Department of Auditing of financial organizations, Joint stock company “Audit and consulting firm MIAN”
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| | | The article aims at developing a possible algorithm to relevance calculation, its application in developing financial reporting, as well as the importance of its reviewing. The author demonstrates possibilities of this concept’s modification not only for the external financial reporting of an organization, but also for satisfying the informational requirements of internal users, from linear managers to the executive and strategic leadership of the company. To do this, modification would involve re-considering certain elements in the definition of relevance and the stages in the model of relevance opinion formation with regard to the requirements of each specific process. The topic under discussion is divided into three parts. The first one was published in ¹4(2021), and the second — in ¹2(2022) of the present Journal. The present third part dwells in more detail on the examples of Practical recommendations with regard to formation of opinions on relevance. | | Key words: definition of relevance, relevance in the International Financial Reporting Standards, relevance in auditing, relevance in management, four-stage model, International Financial Reporting Standards | | Pages: 128 - 132 |
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