Аннотация
This article considers the international accounting and reporting system as an integral part of the modern global economy. In the context of globalization, the need for a single financial reporting standard, such as IFRS and ISA, is becoming especially relevant. The key objectives of IFRS, its advantages, as well as the difficulties faced by companies in implementing these standards are described. Examples of large international corporations such as Nestlé and Apple that use IFRS standards to increase their financial transparency and attract international investment are given.