Browsing by Author "Ualiyeva A.K., Izekenova A.K"

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    THE PROBLEMS AND PERSPECTIVES OF IFRS IMPLEMENTATION IN KAZAKHSTAN
    (Suleyman Demirel University, 2013) Ualiyeva A.K., Izekenova A.K
    With the development of the economy in order to increase the competitiveness Kazakhstan decided to implement International Financial Reporting Standards (IFRS). Recognized worldwide as an effective tool to provide reliable and high quality information, IFRS became the basis for the Kazakhstani accounting. These international standards will allow Kazakhstan's economy to move to a qualitatively new level of development where the core values are a good investment climate, the transparency of financial reporting, credibility of the financial position and results of operations. This report has been written about what international financial reporting standards are, about Committee and Board of IFRS and current situation of the implementation of IFRS in Kazakhstan. In the report the problems encountered during the implementation of international standards are spelled out and solutions to these issues are proposed.