ConvergenceofIFRSinRussia.docVIP

ConvergenceofIFRSinRussia 　　Following the further deepening and development of the global economic integration and globalization， convergence of financial reporting becomes the focus of attention across countries. Especially， in those large developing or transition economies who want to attract more international investors to maintain the growth of economy. Based on the purpose of improving the quality and comparability of financial statement， convergence of financial reporting implies to adopt one set of accounting standards throughout the world （Patel， 2010， pp.331）， for instance， Interna