Bondarenko, O. N. Changing Chief Accountant. The Procedure for Acceptance and Transfer of Business

Abstract: At the present time there is no standardized document in Russia that would regulate the process of acceptance and transfer of business from one chief accountant to another. This means that each organization has a right to develop and approve such a procedure independently. Therefore, it is very important to decide what important aspects both former and new chief accountants should pay attention at in order to secure themselves from possible penalties. Chief accountants bear responsibilities regulated both by labor law of the Russian Federation and Tax, Criminal and Administrative Offence Codes of the Russian Federation. Therefore, special attention should be paid at cash and accounting document, preparation of a full package f accounting and tax reports, compliance with the deadlines when submitting documents to tax, statistics and other authorities. The author of the article describes the process of changing a chief accountant at a Russian company, considers problems that may arise and provides guidelines and recommendations including recommendations to follow when a chief accountant is dismissed due to his own desire to terminate his employment and when a chief accountant is dismissed on administrative grounds according to the Russian Federation legislation.

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