Convergence of accounting systems through the lens of accounting theory and harmonization paradigms

Introduction. Contemporary research in international accounting lacks a thread linking the fundamental principles of accounting science to the key purpose of the accounting system - to promote the efficient allocation of capital by providing reliable and relevant information. This has led to the fact that accounting infrastructure focuses more on the interests of transnational companies, accounting standard makers and, in general, regional zones, which took advantage of the idea of global convergence for the sake of personal benefits, rather than on public purposes.