DEVELOPMENT OF A UNIFIED MODEL FOR FORMING CORPORATE REPORTING OF COMMERCIAL ORGANIZATIONS

Abstract

The article substantiates the need for standardization and unification of corporate reporting. The purpose of corporate reporting is to generate reliable, transparent, high-quality information for various stakeholders. The main problems of standardization and unification of the formation of corporate reporting are revealed. A number of principles of the internal corporate reporting standard of a commercial organization are highlighted. On the basis of the study, the author formulated his own vision of the need to form an intra-firm standard and outlined the advantages of its development. The author has analyzed the structure of the corporate reporting standard identified by some scientists and practitioners. The article has developed an in-house standard intended for the formation of corporate reporting, which includes methodological approaches to the preparation of this kind of reporting with the industry-specific characteristics of commercial organizations. The proposed standard will allow commercial organizations to reduce the labor intensity of collecting and reflecting information, to reduce various types of risk, and to make the technology for generating corporate reporting more rational.