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ИД «Финансы и кредит»






International Accounting

Related entities disclosure in financial statements: A current status study

Vol. 27, Iss. 3, MARCH 2024

Received: 22 February 2024

Received in revised form: 27 February 2024

Accepted: 5 March 2024

Available online: 15 March 2024


JEL Classification: М41

Pages: 304–321


Lidiya I. KULIKOVA Kazan (Volga Region) Federal University (KFU), Kazan, Republic of Tatarstan, Russian Federation


Rinaz Z. MUKHAMETZYANOV Kazan (Volga Region) Federal University (KFU), Kazan, Republic of Tatarstan, Russian Federation


Subject. This article discusses the issues of disclosure of information about related parties in accounting (financial) statements and meeting the needs of users.
Objectives. The article aims to study the compliance of economic entities with the requirements of certain provisions on the disclosure of information about related parties in accounting (financial) statements and assess the companies' information transparency level.
Methods. For the study, we used observation, comparison, generalization, and interpretation.
Results. The article analyzes the accounting (financial) statements of fifteen Russian organizations in the chemical, oil and gas, metallurgical and energy industries for 2022, compiled in accordance with RAS and posted on official websites in the public domain. The article identifies and describes various factors influencing the disclosure of information in accounting (financial) statements. It suggests ways to improve the disclosure of information on related parties.
Conclusions. The information disclosed in the accounting (financial) statements does not fully meet the needs of users. The article concludes that it is necessary to search for new formats of information disclosure, where professional judgment will be applied to the greatest extent.

Keywords: disclosure of information, accounting (financial) statements, related parties, information users


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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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