Krasnenkova E.V., Chechurina A.V. On legal regulation of small business in the Russian Federation

Abstract: The paper studies the problem of legal regulation of small business in the Russian Federation. Based on the analysis of the current legislation and the comparison with crisis transformations, the authors suggest amending the Federal Law “On audit activities” in order to unify the accounting requirements for small businesses. The reasonability and topicality of the forthcoming changes result from small businesses auditing. The research methodology is based on the recent achievements in epistemology. The authors apply theoretical and general philosophical methods (dialectics, the system method, analysis, synthesis, analogy, deduction, observation and modeling), traditional legal methods and the methods of special sociological research. The authors conclude that it is necessary to reconsider the amount of sale proceeds (sale of goods, work delivery, rendering of services) for the period preceding the accounting one, and the amount of balance sheet assets, as at the end of the year preceding the accounting one, from the position of relation of the business subject to the category of organizations subject to mandatory audit, and to introduce changes which will promote the development of small and medium business. 

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