Browsing by Author "Shalimova, N."
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Item Approaches to the Interpretation of the Term "Historical Financial Information" as the Criterion of the Classification of Audit, Review and Other Assurance Engagements(Baltija Publishing, 2018) Shalimova, N.; Androshchuk, I.; Шалімова, Н. С.; Андрощук, І. І.The criterion "underlying subject matter" and the associated criterion "subject matter information" is an essential element of the assurance engagements and the basis for distinguishing their different types. The purpose of the study is to define the charac-teristics of "historical financial information" and the forms of its structured representation as a defining criterion for the classification and differentiation of audit, review and other assurance engagements. The subject of the study is the term "his-torical financial information" in the context of its use in International Standards on Quality Control, Auditing, Review Engagements, Assurance Engagements, and Re-lated Services. Methodology. To achieve the goal set in the work, a complex of gen-eral scientific methods (analysis, synthesis, induction, deduction, abstraction) and methodical techniques (systematization, generalization, review, comparison) was used. In the study of the historical stages of using the terms "financial statements" and "historical financial information", the method of system analysis, historical and logical methods were used. The study of their essence as mandatory elements of the assurance engagements was based on the provisions of the dialectical method of knowledge of processes and phenomena in their interconnection and development. In developing approaches to the interpretation of the term "historical financial informa-tion", the algorithm for selecting engagements for different types of objects and di-rections of standardization a method of modeling was applied. Results. Based on the systematization of the historical stages of the use of the terms "financial statements" and "historical financial information" in IAASB International Standards, it is substan-tiated that the interpretation of the term "historical financial information" is not spe-cific, allows the ambiguity of interpretations, which complicates the processes of identifying the type of engagements, agreeing its conditions, lead to dissatisfaction of users with the results of auditors' work. It is substantiated that prior to the definition of the term "historical financial information" as the main criterion for distinguishing between audit, review and other assurance engagements two approaches can be ap-plied: narrow when the term "historical financial information" is limited to a com-plete set of financial statements, a separate financial statement, an account, an article or item of financial statements, and a broad one, which stipulates the allocation of different forms of structured presentation on the basis of specification of required characteristics of historical financial information. The problems of their influence on application of International Standards are generalized. Practical implications. Based on the proposed approaches, an algorithm for selecting objects that can be the subject of various assurance engagements has been elaborated. it is useful for both auditors and for responsible parties, intended user, clients and will increase the effectiveness of their cooperation, and reducing the "expectations gap". The problems of the impact of "narrow" and "broad" approach to the interpretation of the essence of the term "historical financial information" on the content and directions of improvement of In-ternational Standards and national regulatory documents have been systematized. Value/originality. The research developed a theoretical approach to distinguishing types of audit services based on the specification of the scope of the application of International Auditing Standards (ISAs) and Assurance Engagements (ISAEs). It has been substantiated the possibility of using narrow and broad approaches to under-standing the term "historical financial information" as an subject matter, definition of possible forms of structured representation of historical financial information as an subject matter information and the key condition for the delineation of audit, review, and other assurance engagements.Item Benchmarking Public Procurement as an International Rating System for Evaluation the Effectiveness of Public Procurement System of the Countries(2020) Shalimova, N.; Kuzmenko, H.; Шалімова, Н. С.; Кузьменко, Г. І.The purpose of the article is to study the methodology of assessing the effectiveness of the public procurement system by World Bank, to conduct a comparative analysis of Ukraine's place among other countries in the world. Taking into account the globalization of the economy and the intensification of European integration processes, it has been proved that an important part of evaluating the effectiveness of public procurement should be a comparative analysis of the implementation procedures with the relevant systems of other countries of the world. The methodologies of the World Bank's Benchmarking Public Procurement system are investigated. A comparative analysis of the Ukraine’s place among other countries of the world, in particular among the group of countries of Europe and Central Asia, as well as with some OECD countries, which are considered as a group of high-income countries, has been conducted. Taking into account that the World Bank reports do not have a final score and a final rating, it has been justified the feasibility of comparing by the general amount of points. It is substantiated that the results of such comparative analysis will allow identifying risk areas, and relevant information can be used in developing of recommendations and proposals for improving the effectiveness of the public procurement system, especially in the context of reforming the law on public procurement and the introduction of the new system "Prozorro". As a prospects for further researches the study of second-tier indicators and the methodology of evaluating the public procurement systems by the World Bank, taking into account its relatively short setbacks compared to other ratings, have been identified.Item “Doing business” and business environment of public sector enterprises(ЦНТУ, 2021) Shalimova, N.; Kuzmenko, H.; Шалімова, Н. С.; Кузьменко, Г. І.Item Exchange rates: the influence of political and economic events. A fundamental analysis approach(Business Perspectives, 2018) Gamaliy, V.; Shalimova, N.; Zhovnovach, R.; Zahreba, M.; Levchenko, A.; Гамалій, В. Ф.; Шалімова, Н. С.; Жовновач, Р. І.; Загреба, М. М.; Левченко, А. О.The objective of the article is to study the influence of political and economic factors on the situation on the world foreign exchange market, substantiate the importance of fundamental analysis in forecasting currency rates. The concept and mechanisms of functioning of the world currency market, its assets and specific features in comparison with other financial platforms are considered in the article. The need for special attention to fundamental analysis during the periods of global political and economic events is grounded. Based on the analysis of the dynamics of the leading world currency pairs in recent years, the period from October 2016 to April 2017 was chosen for an analysis because that period is full of significant events in the world political and economic arena, which are powerful levers of the traders’ behavior, and hence the direction of the dynamics of key currency pairs. These events are as follows: • presidential elections in the USA; • two increases of the Federal Reserve rate; and • the policy of the European Central Bank, aimed at stimulating inflation. It is substantiated that using the fundamental analysis makes it possible to assess the trend and scale of changes in the rates of the world currencies, and in combination with technical analysis is an integral tool for successful trading and forecasting the dynamics of currency pairs. The possibility of using the mechanisms of functioning of such fundamental analysis tool as artificial neural networks and the ways of their application in solving such problems has been considered.Item "Expectations gap" and the Whole Complex of Engagements, Provided by Certified Auditors(National Aviation University, 2020) Shalimova, N.; Шалімова, Н. С.The peculiarities of the "gap in expectations" in the audit are determined, taking into account the whole set of engagements that can be performed by certified auditors. It is proved that the lack of understanding of the features and differences between different types of engagements leads to the formation of unsubstantiated expectations and dissatisfaction with the results of the work of auditors. Визначено особливості прояву «розриву в очікуваннях» в аудиті за умови врахування всього комплексу завдань, що можуть виконуватися сертифікованими аудиторами. Доведено, що саме недостатність розуміння особливостей та відмінностей між різними видами завдань призводить до формування необґрунтованих очікувань та невдоволеністю результатами роботи аудиторів.Item Financial Reporting and Auditing in the Context of Assurance of Information Transparency of the Activity of Economic Entities of Ukraine(National Institute of Economic Research, 2016) Shalimova, N.; Kuzmenko, H.; Шалімова, Н. С.; Кузьменко, Г. І.The purpose of the study is to disclose the interdependence of the processes of forming and publication of the financial reporting and audit quality as interdependent elements of ensuring the information transparence of the activity of economic entities of Ukraine. Such shortcomings of Ukrainian system of information disclosure that is publication of annual financial statements in scope which is not satisfy the requirements of laws and regular acts, unconformity between the scope of published financial statements and auditors` obligation, discrepancy between managerial staff obligations and auditors` obligation have been analyzed, the ways of its solutions have been proposed. The results of investigation show that the increasing of audit quality will be promoted by the improvement of organization of enterprise’s accounting, internal control and management what have to be provided by the elaboration of the obligatory regulations concerning assessing the observance going-concern principle, observance of laws and regulation which are influenced the enterprise’s activity, organization of internal control and fraud’s preventing system. The components of guarantying information transparency of enterprise’s tax relations in the system of financial reporting have been investigated. The format of disclosure the information about qualitative status of taxation in the annotations to the financial reporting taking into account the demands of Ukrainian Tax Code as regards to the process of tax administration has been proposed. Целью статьи является раскрытие взаимосвязи процессов формирования, обнародования финансовой отчетности и качества аудита как взаимосвязанных элементов обеспечения информационной прозрачности деятельности экономических субъектов в Украине. Проанализированы такие недостатки системы раскрытия информация в Украине, как публикация годовой финансовой отчетности в объеме, который не соответствует требованиям нормативных и законодательных документов, несогласованность содержания опубликованной финансовой отчетности и обязанностей аудиторов, несоответствие обязанностей управленческого персонала и аудиторов, предложены пути их решения. Результаты исследования показывают, что повышению качества аудита способствует улучшение организации учета, внутреннего контроля и менеджмента на предприятиях, что, в свою очередь, может быть обеспечено за счет разработки внутренних регуляторных документов, касающихся оценки соблюдения принципа непрерывности деятельности, требований нормативных и законодательных документов, влияющих на деятельность предприятия, организации системы внутреннего контроля и предотвращения мошенничества. Исследованы составляющие обеспечения информационной прозрачности функционирования предприятия как субъекта налоговых отношений в системе финансовой отчетности. Предложены форматы раскрытия информации о качественном состояния налогообложения в примечаниях к финансовой отчетности, учитывая требования Налогового кодекса Украины в части процесса налогового администрирования. Метою статті є розкриття взаємозв'язку процесів формування, оприлюднення фінансової звітності та якості аудиту як взаємопов'язаних елементів забезпечення інформаційної прозорості діяльності економічних суб'єктів в Україні. Проаналізовано такі недоліки системи розкриття інформація в Україні, як публікація річної фінансової звітності в обсязі, який не відповідає вимогам нормативних та законодавчих документів, неузгодженість змісту опублікованої фінансової звітності та обов'язків аудиторів, невідповідність обов'язків управлінського персоналу та аудиторів, запропоновано шляхи їх вирішення. Результати дослідження показують, що підвищенню якості аудиту сприяє поліпшення організації обліку, внутрішнього контролю та менеджменту на підприємствах, що, в свою чергу, може бути забезпечено за рахунок розробки внутрішніх регуляторних документів, що стосуються оцінки дотримання принципу безперервності діяльності, вимог нормативних і законодавчих документів, що впливають на діяльність підприємства, організації системи внутрішнього контролю та запобігання шахрайству. Досліджені складові забезпечення інформаційної прозорості функціонування підприємства як суб'єкта податкових відносин в системі фінансової звітності. Запропоновано формати розкриття інформації про якісний стан оподаткування в примітках до фінансової звітності з огляду на вимоги Податкового кодексу України в частині процесу податкового адміністрування.Item Identification of Key Criteria of the Quality of Auditor’s report: Objective and Subjective Characteristics of Information(НУВГП, 2020) Shalimova, N.; Stezhko, Z.; Шалімова, Н. С.; Стежко, З. В.The key criteria of the quality of auditor’s report were substantiated. Objective and subjective characteristics of information in auditor’s report were analyzed.Item Information Supporting System about Tax Capacity of a Company and its Efficiency: Principles of Formation and Evaluation(The Baltic Scientific Journals, 2020) Kuzmenko, H.; Shalimova, N.; Lysenko, A.; Кузьменко, Г. І.; Шалімова, Н. С.; Лисенко, А. М.; Кузьменко, Г. И.; Шалимова, Н. С.; Лысенко, А. Н.The principles of forming the system of information about tax capacity are grouped and the directions of activity of the enterprise are identified, in view of which it is expedient to establish criteria for assessing its efficiency. The formation of information about tax capacity of an enterprise should occur not chaotically, but according to certain principles. The lists of basic principles (unity, objectivity, competence, probability and periodicity) and additional principles (dynamism, rationality, conformity, control) have been substantiated. The system of indicators and criteria of the formalized expression of efficiency is offered. The list of indicators made it possible to build the system (vector) of criteria requirements to ensure the effectiveness of information about the tax capacity of a business entity. It has been proved that in assessing the effectiveness of the information supporting system on tax capacity of the entity, the impact of time and cost criteria, as well as other non-measurable parameters should be taken into account. The proposed approach to assessing the effectiveness of the current information supporting system on the taxpayer's capacity will allow assessing alternative information systems in terms of the effectiveness of their implementation.Item Information Transparency of the Activity of the Enterprise as Taxpayers: Financial Reporting Capabilities and Ways if Increasing of its Quality(PS Global, 2018) Kuzmenko, H.; Shalimova, N.; Кузьменко, Г. І.; Шалімова, Н. С.The article discloses the ways of ensuring information transparency regarding the tax relations of the enterprise in the system of financial reporting. It is substantiated that the necessity of disclosing information about tax relations of an enterprise is the result of such qualitative characteristics of financial reporting as appropriateness and two principles of its preparation: the principle of full coverage and the principle of continuous activity. The information about tax relations of a company which should be classified in the categories of events after the balance sheet date, taking into account the requirements of tax legislation is disclosed. The format for disclosing information on the qualitative state of taxation at the enterprise in the notes to the financial statements is proposed taking into account the requirements of the Tax Code of Ukraine concerning the procedure of administering taxes, fees and obligatory payments.Item International rating system “Benchmarking Public Procurement”: possibilities of using in formation of digital infrastructure in the accounting and financial sectors(Baku Business University, 2020) Shalimova, N.; Kuzmenko, H.; Шалімова, Н. С.; Кузьменко, Г. І.Taking into account that an important role the digital environment plays in the sphere of spending public money and public procurement, the purpose of the article is to study the methodology of assessing the effectiveness of the public procurement system by World Bank in order to determinate possibilities of its using in formation of digital infrastructure in the accounting and financial sectors. The methodologies of the World Bank's Benchmarking Public Procurement system are investigated. A comparative analysis of the Ukraine’s place among other countries of the world, in particular among the group of countries of Europe and Central Asia and among some OECD countries, which are considered as a group of high-income countries, has been conducted. It is substantiated that the results of such comparative analysis will allow identifying risk areas, and relevant information can be used in developing recommendations and proposals for improving the effectiveness of the public procurement system. As a prospects for further researches the study of second-tier indicators and the methodology of evaluating the public procurement systems by the World Bank, taking into account its relatively short setbacks compared to other ratings, have been identified.Item International Rating “Benchmarking Public Procurement” and Its Using in the Context of Increasing the Effectiveness of the Functioning of Innovative-Integrated Structures in a Digital Economy(ЦНТУ, 2020) Shalimova, N.; Kuzmenko, H.; Шалимова, Н. С.; Кузьменко, Г. І.The methodologies of the World Bank's Benchmarking Public Procurement system are analyzed. The possibilities of Benchmarking Public Procurement in the context of evaluation the effectiveness of the functioning of innovative-integrated structures in a digital economy are considered. A results of comparative analysis of the Ukraine’s place among other countries of the world, in particular among the group of countries of Europe and Central Asia and among some OECD countries, which are considered as a group of high-income countries, has been presented.Item Priorities of Regional Development in the Taxation of Agricultural Producers and Distribution of State Financial Support in the Context of Ensuring Innovative Development of the Region(Kalmosani, 2019) Shalimov, V.; Шалімова, Н. С.; Магопець, О. А.; Шалімов, В. В.; Shalimova, N.; Magopets, O.The purpose of research is to elaborate the scientific and practical recommendations on improvement of the mechanism of taxation of agricultural producers and their state support taking into account regional priorities and the necessity of ensuring innovative development of the region. Originality and value. The necessity to resolve the issue of, firstly, the empowerment of local governments, local authorities and local communities to establish elements of local taxes and fees, and secondly, the development of a mechanism for investment-innovative tax credits and other types of tax incentives to enhance innovation have been grounded. Materials and methods. In the process of research, the following general and special methods (induction and deduction, classification, statistical analysis, dialectic and system analysis) were used to identify trends in the state financial support and its distribution, assessing the functioning of the mechanism and justifying proposals for improving its toolkit. The information base of the study consists of international official documents, normative and legislative documents of Ukraine. Results. It is substantiated that the lack of the ability of local self-government bodies to influence the definition of benefits and rates of local taxes and fees for the purpose of activating innovation activity does not contribute to improving the competitiveness and investment attractiveness of the regions. The need to expand the powers of local self-government bodies, local authorities and territorial communities to establish elements of local taxes and fees, the development of a mechanism of investment-innovative tax credits and other types of tax incentives that will promote the activation of innovation activity and development of agriculture is proved. The necessity of correcting the procedure for allocating budgetary funds for state support to agricultural producers in the direction of taking into account the specifics of land areas, types of economic activities, priorities and prospects for regional development in the distribution of the amount of funds between regions and entities claiming to receive it is justified. Conclusions. It is proved that this will allow providing a cumulative effect of growth of financial resources and volumes of agricultural production, taking into account the requirements of quality, organicity and ecological compatibility for activation of innovative activity and innovative development of regions.Item Problems of Using the Category “Historical Financial Information” for Determining the Type of Assurance Engagement(National Aviation University, 2020) Androshchuk, I.; Shalimova, N.; Андрощук, І. І.; Шалімова, Н. С.The procedure for using the terms "historical financial information" and "financial statements" in the International Standards for Quality Control, Auditing, Review, Other Assurance and Related Services has been studied. The importance of a clear interpretation of the term "historical financial information" in order to properly identify the type of assurance engagements (audit, review, and other assurance engagements) is substantiated. Досліджено порядок використання термінів «історична фінансова інформація» та «фінансові звіти» в Міжнародних стандартах контролю якості, аудиту, огляду, іншого надання впевненості та супутніх послуг. Обґрунтовано важливість чіткого трактування терміну «історична фінансова інформація» з метою належної ідентифікації типу завдань з надання впевненості: аудит, огляд, інші завдання з надання впевненості.Item Qualitative Characteristics and Principles of Financial Reports in the Context of Disclosure of Information about the Enterprise as a Subject of Tax Relations(ISMA University, 2016) Shalimova, N.; Kuzmenko, H.; Шалімова, Н. С.; Кузьменко, Г. І.In the article ways of information visibility provision concerning tax relations of the enterprise in the system of accounting and financial report are investigated. It is substantiated that necessity of information disclosure about tax relations of the enterprise is a result of such qualitative characteristic of financial reports as relevance and two principles of its preparation: principle of full presentation and principle of going concern. Contents of separate paragraph in the notes to Annual Financial Reports dedicated to information disclosure about the enterprise as a subject of tax relations is proposed. В статье исследуются пути обеспечения информационной прозрачности налоговых отношений в системе бухгалтерского учета и финансовой отчетности. Обосновано, что необходимость раскрытия информации о налоговых отношениях предприятия является следствием такой качественной характеристики финансовой отчетности как уместность и двух принципов ее подготовки: принципа полного освещения и принципа непрерывности деятельности. Предложено наполнение отельного раздела в примечаниях к финансовой отчетности, по священного раскрытию информации о предприятии как субъекта налоговых отношений. В статті досліджуються шляхи забезпечення інформаційної прозорості щодо податкових відносин підприємства в системі бухгалтерського обліку та фінансової звітності. Обґрунтовано, що необхідність розкриття інформації про податкові відносини підприємства є наслідком такої якісної характеристики фінансової звітності як доречність та двох принципів її підготовки: принципу повного висвітлення та принципу безперервності діяльності. Запропоновано зміст окремого розділу в примітках до річної фінансової звітності, присвяченому розкриттю інформації про підприємство як суб’єкта податкових відносин.Item Qualitative Characteristics of the Auditor’s Report(IISTE, 2016) Shalimova, N.; Stezhko, Z.; Шалімова, Н. С.; Стежко, З. В.The objective of the study is to elaborate the set of qualitative characteristics of the auditor’s report, which should serve as the basis for the development of its format and content corresponding to the interests of users. The study results are based on a basic philosophical theories and principles, researches of scientists in the theory and practice of auditing, accounting, financial reporting and information, laws and regulations in the sphere of accounting, financial reporting and auditing. The problems of identifying the quality criteria of audit information taking into account objective and subjective characteristics of information are investigated. It is substantiated that the quality characteristics of the auditor’s report must be presented in several groups: those that comply with the principle of objectivity and those that take into account the socio-psychological characteristics of information; fundamental, supporting and enhancing; those that determine the content of the information in the auditor’s report, and those that determine the form of its presentation. The correlation of qualitative characteristics is analyzed and two classifications of qualitative characteristics of the auditor’s report is presented in the study: the first is based on the statement that the truth is a main purpose of audit functioning and presentation of the auditor’s report; the second is based on the priority of the needs of users of the auditor’s report. The application of proposed qualitative characteristics enables forming the auditor’s report taking into account informational requirements of users and increasing the audit effectiveness that will lead to the quality of audit as a communication process.Item Regional Priorities in the Distribution of State Financial Support for Agricultural Producers in the Context of Strengthening the Innovative Potential of the Region(Kalmosani, 2018) Shalimova, N.; Шалімова, Н. С.The regional priorities in the distribution of state financial support for agricultural producers in the context of strengthening the innovative potential of the region has been substantiated.Item Research of Qualitative and Quantitative Composition of Economically Active and Non-active Population of the Region as a Factor of Formation of Innovative Development Strategy(Kalmosani, 2019) Shalimova, N.; Magopets, O.; Shalimov, V.; Шалімова, Н. С.; Магопець, О. А.; Шалімов, В. В.The labor potential of the region (on the example of the Kirovohrad region), tendencies of its formation as the main resource of innovative activity in the context of providing innovative development of the region are analyzed. The tendencies of change of economically active, employed and unemployed population of Kirovohrad region for the period 2000-2018 are determined. The balance of labor resources of Kirovohrad region from the point of view of their distribution by age groups, taking into account working capacity, by level of economic activity, employment, including formal is calculated. Dynamics and structure of age of economically inactive population of Kirovohrad region for the period from 2000 to 2018 are investigated. A comparative analysis of the structure of economically active and economically inactive population of Ukraine and Kirovohrad region by age and level of education is conducted. The following threats for further innovative development of the region are specified: a significant share of economically inactive, unemployed and informally employed population, significant outflow of young people, as the most prone to innovative activity of the population category, due to internal and external migration. The official reasons for economic inactivity of the population of Kirovograd region and tendencies of their similarity with other regions of Ukraine are distinguished. It is substantiated that by the share of economically inactive population who fulfills their household duties and is “lost” in the job search process Kirovograd region is among certain western regions of the Ukraine. It is concluded that the actually economically inactive population of these regions forms the proportion of the population who goes to work abroad or work in the informal sector and is not covered by the relevant statistical observations.Item Taxable Capacity of Business Entity and Tax Passports as an Instrument for its identification and Assessment(Southern Caucasus Scientific Journals, 2020) Shalimova, N.; Kuzmenko, H.; Шалімова, Н. С.; Кузьменко, Г. І.; Шалимова, Н. С.; Кузьменко, Г. И.A precondition for a successful budgetary and fiscal policy is to increase the revenue of the budget system by expanding tax capacity of the economy which implies the need to stimulate the growth of tax capacity and create a reliable information base support for its assessment. However there are significant problems related to a timely strategic and, especially, operational decisions to obtain information of the required amount and quality. The concept of determining the economic essence of the notion of “taxable capacity of a business entity” and its elements is proposed, within which the classification criteria (optimal and actual taxable capacity), the structure (resource and structural approach), functions (resource-saving, regulatory, informational and analytical), the place and role in the system of tax administration are distinguished. Using of this concept ensure the correct identification of the entity from the standpoint of its capacities to provide tax obligations to the state were outlined. The principles of forming tax passports of different business entities are laid out. The priority descriptions of key aspects of activity of different entities which allow estimating their tax potential and increasing tax incomes to the budgets have been highlighted. Taking into account the significant analytical orientation of tax passports it is proposed to include the following key indicators describing the entity, grouped into three groups: group I includes indicators that characterize the financial status of the entity; group II includes indicators that characterize the tax burden of the enterprise; group III includes indicators that characterize the tax culture of the subject and the effectiveness of the state financial control bodies, in the first place, the tax authorities. Qualitative compilation of tax passports with application of other documents on tax administration will help to determine real tax burden of a particular business entity and develop directions for its optimization, conduct rational tax policy, ensure the necessary amount of tax revenues to the state and local budget system.Item Technology for the Substantiation of Main Principles and Approaches to the Formation and Evaluation of Information Supporting System about Company`s Tax Capacity(University of Economic, 2020) Kuzmenko, H.; Shalimova, N.; Lysenko, A.; Кузьменко, Г. І.; Шалімова, Н. С.; Лисенко, А. М.Using of the new technology for principles of forming the system of information about tax capacity are grouped and the directions of activity of the enterprise are identified, in view of which it is expedient to establish criteria for assessing its efficiency. The lists of basic principles (unity, objectivity, competence, probability and periodicity) and additional principles (dynamism, rationality, conformity, control) have been substantiated. The system of indicators and criteria of the formalized expression of efficiency is offered. The list of indicators made it possible to build the system (vector) of criteria requirements to ensure the effectiveness of information about the tax capacity of a business entity.Item The Disclosure of Events after the Balance Sheet Date Related to the Status of the Company as a Taxpayer: Peculiarities of Ukrainian practice(Baku Business University, 2018) Kuzmenko, H.; Shalimova, N.; Кузьменко, Г. І.; Шалімова, Н. С.The article is dedicated to the problem of the disclosure of events after the balance sheet date related to the status of the company as a taxpayer in Ukraine practice. The objective of the paper is to determine the events and situations Related to the Status of the Company as a Taxpayer which can be classified as events after the balance sheet date, and the disclosure of the mechanism of peculiarities of their disclosure. The discussion of the paper emphasized that the content of the financial statements concerning the disclosure of the information about the place of the company in a complex system of tax relations does not fully correspond to the information demands of its users, its qualitative characteristics and principles of training. The need to disclose the information about tax relations of an enterprise is a consequence of the qualitative characteristic of financial reporting as appropriateness and two principles of its preparation are the principle of full coverage and the principle of continuity of activities. The mechanism for ensuring compliance with the principle of preparing financial statements as a "principle of full coverage" should be based on the need to allocate in the category of "events after the balance sheet" events and circumstances that are related to tax relations of the enterprise. These events should be classified into two groups: those that arose after the balance sheet date and those that provide additional evidence of the conditions and circumstances that existed on the balance sheet date. Such events, in accordance with the requirements of national legislation and accounting regulations (standards), should be taken into account in the preparation of financial reporting and covered in the notes to the financial statements.