Improving the quality of accounting (financial) reporting - basic condition for ensuring economic security

The subject of the research in this article is the search for the main directions for improving the materiality and usefulness of accounting (financial) reporting indicators for internal and external users. The analysis of the opinions of various members of the professional community on the problems of integrated reporting and ways to solve them is given. Different elements of the content of integrated reporting, in particular, their compliance with various norms and requirements of domestic legislation are examined. Attention is drawn to the problems of integrated reporting in the Russian Federation and the prospects for its development, taking into account domestic and international trends. Based on the results, the formation of a domestic accounting standard for the preparation of consolidated reporting, which includes national principles of organization and maintenance of accounting, is recommended. Conclusion dwells upon the fact that the development of internal regulations makes it possible to solve many problems of consolidated (financial), tax and management reporting of economic entities. The necessity of harmonization of normative documents regulating the procedure for the functioning of legal entities and the procedure for the formation of accounting reports is substantiated.