Legislative and regulatory regulation of accounting

The article deals with the issues of legislative and regulatory regulation. This topic is very relevant, since the accounting in Russia is carried out in accordance with various regulatory documents that have different status. Some of them are mandatory for application, others are recommendatory in nature. Therefore, it is necessary to know the laws, the content of regulatory documents that regulate accounting, on this depends the reliability of the financial statements and, accordingly, the success of the enterprise itself. In this regard, it is of interest to consider the current state and prospects for the development of regulatory regulation of accounting and reporting in the Russian Federation.