The role of revision committees in the ensuring of financial reporting reliability in Russia in the second half of the XIX century

In the period of the joint stock foundation in Russia in the second half of the XIX century the problem of confirmation of accounting data validity became urgent. Considering the absence of the auditing institution then, the reliability of financial reporting was assessed by revision committees. The article deals with the legal support of the revision committee institution, the practice of its functioning in Russia in the second half of the XIX century. The author also discusses the foreign experience of financial inspectors' activities of that historical period.