Legal Aspects of Financial Risk Management of an Oil Company in the Field Of International Law

Abstract

For some time now, the creation of international convergence in accounting laws has been raised as one of the topics of the day in the field of financial management and on the agenda of major international institutions and assemblies, such as the Board of International Accounting Laws, the Board of International Auditing and Insurance Standards, the International Federation of Accountants and The foundation committee of international accounting rules has been placed. A look at the world trade laws and the current economic conditions of the world clarifies the reason for this global determination, with the increasing expansion of multinational companies and the increase in the number of international audit financial institutions, as well as the increase in international financing cases, the convergence of accounting laws in order to reduce procedures The variety of financial and legal management is presented as the undeniable foundation of such an environment. But does the mere formulation of uniform international laws lead to the creation of uniformity in financial legal procedures and meeting the needs of today's global environment? The answer is negative, because one of the two basic dimensions of accounting, i.e. the human dimension, is affected by environmental factors. In this regard, the researchers believe that the adoption of the same financial and accounting laws will lead to legal uniformity, which means uniformity in laws and regulations, but there will be no guarantee of uniformity in the application of these standards or practical uniformity. The job doled out to the oil business with regards to the improvement of the modern area and the economy of the state in general is certain. The worth of the made products lies in the way that later on their utilization is likewise workable for cutting edge businesses, globalization is vital in the improvement of the business, which tracks down its demeanor during the time spent changing the financial space into a solitary zone open to free and unhindered development of merchandise, administrations, data and capital. The Coronavirus pandemic abused the unification of the principles of monetary life and the arrangement of worldwide financial participation. There has been a change of the mechanical, coordinated factors and business chains of oil organizations, which may adversely influence the consequences of tasks from here on out. Consequently, one of the needs of the Russian oil-delivering enterprises is the turn of events and arrangement of good authoritative and monetary circumstances as long as possible. The motivation behind the article is to explore the organization's monetary dangers with regards to worldwide ecological changes. The review utilizes strategies for investigation and amalgamation, factual information examination as well as relapse examination. The principal objective of the exploration is to concentrate on the fundamental sorts of monetary dangers of an oil organization, break down the econometric model, and recognize the primary factors that influence the organization's dissolvability with regards to worldwide changes.