Year of Graduation
Audit and Accounting of Pension Plans according to Russian and International Standarts
The purpose of this study is to elaborate methods for accounting and audit of pension plans with established payments and established contributions and their subsequent testing for PJSC «Transneft». Accounting and audit of pension plans is a important topic for research, as many large companies are currently implementing their own corporate pension plans and have difficulties in taking them into account. These difficulties are due to the fact that the Russian legislation does not have a clear regulation on accounting for pension plans, especially for defined contributions ones, and IFRS is required to be adopted under the domestic chart of accounts. In this study, a new method for accounting for pension plans is suggested, for which it is necessary to make changes to the Russian chart of accounts. The audit methodology was developed on the basis of the existing International standards on audit (ISA).