National accounting and auditing standards in the context of Russia’s economic security and sovereignty

The relevance of the article is related to the importance of national accounting and auditing standards in modern circumstances of development of national economies. Objectives. The author examines and analyses the main challenges of globalization and their impact on the national economy. This has confirmed, that the introduction of International Standards on Auditing (ISA) on the territory of the Russian Federation is a striking example of the application of Western technologies of competitive advantage aimed to weaken Russia’s economic sovereignty. The introduction of ISA was legally established as mandatory for conducting audits by auditing organizations with the complete abolition of Federal Rules (Standards) of auditing activities. Conclusion. The author of the research demonstrates the need to preserve the national system of accounting and auditing standards as a priority in the short term, without which Russia’s economic sovereignty is impossible.