Articles by Andrei Burenin

Freeing the Books From Bureaucrats

Most people associate accounting reform with moving to international accounting standards. However, the problem is really far broader than this. The accounting and financial reporting system in Russia absolutely has to change. And the question of whether this system will take its cues from international standards is naturally very important but is in fact redundant. The current system is less than satisfactory because it is shaped by the state and designed exclusively to protect the interests of the bureaucracy.