THE FEATURES OF LEGAL REGULATION OF ACCOUNTING DEVELOPMENT IN THE RUSSIAN FEDERATION IN 1991–2025

Author(s): Lozhechnik I.P.

Rubric: Issues of theory and history of law

DOI: 10.21777/2587-9472-2026-2-7-18

Release: 2026-2 (50)

Pages: 7-18

Keywords: legal regulation, accounting, accounting history, accounting standards, RA (Regulations on Accounting), RAS (Russian Accounting Standards), IFRS

Annotation: The article examines the legal regulation of accounting in the Russian Federation for the period 1991–2025. The author analyzes the key issues of aligning the domestic accounting system with International Financial Reporting Standards (IFRS). The study concludes that the current state of accounting legislation presents a unique institutional trap that hinders the development of effective legal regulation for domestic accounting and reporting. In the context of isolation, the Russian accounting system has not only failed to become a full- fledged part of the global system (IFRS), but has also significantly weakened its connection to the real needs of the national economy. As a result of the study, the author concludes that the unification of legal regulation of accounting and tax accounting in Russia according to the Chinese model is not realistic in full due to fundamental differences in goals and institutional environment. Meanwhile, the subject of scientific research should not be a direct transfer of the Chinese model, but the development of a hybrid Russian model of “managed convergence”, using digital technologies to reduce costs while maintaining conceptual independence of accounting for purposes other than fiscal. In the text of the article, the Russian Federation is abbreviated as RF.

Bibliography: Lozhechnik I.P. THE FEATURES OF LEGAL REGULATION OF ACCOUNTING DEVELOPMENT IN THE RUSSIAN FEDERATION IN 1991–2025 // Journal of Legal Sciences. – 2026. – № 2 (50). – С. 7-18. doi: 10.21777/2587-9472-2026-2-7-18