DEVELOPING VIETNAMESE ACCOUNTING STANDARDS TOWARDS INTERNATIONAL ACCOUNTING STANDARDS

Abstract

Vietnamese accounting standards are built on the basis of international accounting standards, but there are certain differences. Distance between Vietnamese accounting standards and international accounting standards is quite large and this interferes with the process of international economic integration of our country. In order enhance integration, competition with foreign businesses and attract international investment, it is necessary to change the system of accounting standards in line with international accounting standards. This paper covers some of the main points of the international accounting standards, the application of international accounting standards in some countries and in Vietnam; besides, it points out the difficulties in the process of international integration of Vietnamese accounting standards. From there, some solutions to develop Vietnamese accounting standards towards international accounting standards are given.