Comparative constant requirements for the economic subject reporting

Abstract

Purpose: the arrangement of basic requirements for presentation of all kinds of reporting had been reflected in the article. Discussion: there are no any consistent regulatory framework for presentation and disclosure of reporting package from internal and external user’s perspective. Hence, there is an author’s view due to comparison study of requirements for presentation of financial reporting, statistics and tax accounts, insurance premium payments. Results: as a result, some special issues of reporting presentation had been obtained, especially regarding the role of professional scepticism. Some classifications of entity’s penalty duties following the breach of financial representation framework had been disclosed.