Aswaye A. Accounting and auditing according to international standards in terms of integration into the world economy

The object is the process of reforming the accounting, reporting and auditing system in Ukraine and Libya according to IFRS; the purpose is to identify problem aspects of the organization of the process and methods of accounting and internal audit in the conditions of integration into the world economy and transition to IFRS and theoretical substantiation and development of practical recommendations for their solution; methods are general scientific and specific; results - theoretical substantiation of the definitions "harmonization", "convergence", "internal audit"; solution of the problem of complex substantiation of organizational and methodical mechanism of regulating accounting system, which corresponds to the tasks of international harmonization of accounting and reporting systems by developing organizational and applied principles of reforming the accounting and reporting system, and the internal audit system taking into account IFRS and ISA statements; novelty is the development of a general plan for the transition from GAAP US to IFRS; development of organizational and methodical models of accounting policy preparation under IFRS; improvement of the tools of accounting and analytical support for the process of preparing IFRS accounting, developing a model for automation of accounting (financial) reporting based on the proposed combined method; development of the concept of internal audit of economic entities during the transition to ISA and IFRS; formalization of the model of express assessment of the effectiveness of the internal audit service.