A MODEL FOR IMPLEMENTING A PUBLIC NON-FINANCIAL REPORTING STANDARD FOR SUSTAINABLE DEVELOPMENT OF SMALL AND MEDIUM-SIZED BUSINESSES IN RUSSIA

Kapkov Roman Yurievich, CEO of Independent analytical center «DSAI», postgraduate student at the Institute of the systems analysis and management, Dubna State University

Abstract

The article presents the results of a study of the current state of the field of public non-financial reporting in the Russian Federation, describes examples of non-financial reporting standards and notes the specifics of companies preparing and publishing reports in the Russian Federation. The author highlighted the main factors limiting the possibilities of small and medium-sized businesses for the preparation of non-financial reporting, and hindering the overall development of the environmental and social responsibility of small and medium-sized businesses in the Russian Federation, among them: lack of personnel and competencies in the field of non-financial reporting and sustainable development within the organization, the lack of a knowledge base on the practical implementation of the requirements of the standards for the preparation of public non-financial reporting, a limited number of audit organizations and the high cost of services for the preparation of non-financial reporting. The key factor is the lack of proposals on the market for training personnel in the field of public non-financial reporting. Based on the analysis of industry research, the author formulated an urgent task — training in the field of sustainable development and the introduction of public non-financial reporting standards for small and medium-sized businesses, which would allow the organization’s staff to master the basic requirements for the preparation of public non-financial reporting of the organization in a short time and implement standard in the organization without the involvement of expensive experts and external auditors. The author proposes a model for the implementation of public non-financial reporting standards in the form of an online program available for study on the Internet, with the help of which representatives of small and medium-sized businesses in the Russian Federation will be able not only to master the basic requirements for the preparation of public non-financial reporting, but also to prepare a public non-financial report assessing the impact of various aspects of the organization’s activities on society and the environment.

KEYWORDS: issues, social responsibility, public non-financial reporting, standards, sustainable development, small and medium-sized businesses.

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