The concept of reliability of financial reporting: past, present, and future

The article presents a comparative analysis of the concept of reliability of accounting (financial) statements based on contemporary scholarly research, from the perspective of the evolution of Russian and international legislation. The object of the study is the financial reporting of enterprises and organizations; the subject of the study is the concept of reliability of such reporting. The purpose and objectives of the research are to identify the historical foundations of the concept of reliability, to examine and analyze the terminology of reliability in modern Russian accounting legislation and in accordance with IFRS standards, to identify the problems associated with the implementation of an integrated reporting approach for economic entities in Russia and abroad, and to analyze the prospects for changes in methods of assessing the reliability of financial reporting and the transformation of the concept of reliability itself in the context of digitalization of the economy and the development of artificial intelligence. The methodological basis of the study consists of retrospective, systemic-functional, and comparative analyses, as well as a predictive assessment of development prospects.