Współczesny wymiar zasady ostrożności w rachunkowości
The Contemporary Importance of the Prudence Principle in Accounting

Summary/Abstract: Purpose – the prudence principle is one of the basic principles of accounting. This rule has been removed from the International Financial Reporting Standards for the sake of neutrality of the financial state-ments, this does not absolve companies of caution when assessing the value of resources, income and expens-es. The aim of the article is to present the current and contemporary meaning of the precautionary principle in accounting, its rank and importance in the regulation of the national and international accounting law. Design/Methodology/Approach – the article was prepared on the basis of an analysis of the literature and law regulation of the accounting area. Findings – representation of the essence of the prudence principle within the meaning of the modern accounting. Originality/Value – the study analysed the change the meaning of the prudence principle in terms of national and international law on accounting.

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