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Article
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.