ISSN: 1648 - 4460

International Journal of Scholarly Papers


Transformations  in
Business & Economics

Transformations in
Business & Economics

  • © Vilnius University, 2002-2008
  • © Brno University of Technology, 2002-2008
  • © University of Latvia, 2002-2008
Accounting Policy and Quality of Financial Statements in Latvia: Analysis and Assessment
Ruta Šneidere

ABSTRACT. The development of Latvian economy is intrinsically tied to the liberalization of global economy, and integration into the European Union (EU). The author researches the development of accounting policy in 20th – 21st century Latvia, and the problems associated with ensuring consistent quality of financial reporting in the country. As a result of this research, the recommendations to State institutions and professional organization of accountant’s have been offered to further the development of accounting policy and to increase the quality of financial statements.

KEYWORDS: accounting policy, standards, accounting profession, financial statements, Latvia.

JEL classification: M41, M48, P2.

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Scholarly papers Transformations in Business & Economics
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