IMPROVING FINANCIAL REPORTING BASED ON INTERNATIONAL STANDARDS

Abstract

This study examines Uzbekistan's transition towards International Financial Reporting Standards (IFRS), focusing on the implications for financial reporting quality, transparency, and economic integration. Despite initiating IFRS adoption, Uzbekistan faces challenges including limited professional expertise, regulatory inconsistencies, and technological constraints. Through a mixed-methods approach combining qualitative analyses and quantitative assessments, the research identifies key obstacles and proposes strategies to enhance IFRS implementation. Findings suggest that comprehensive training programs, regulatory reforms, and technological investments are critical for successful adoption. The study contributes to the discourse on accounting standard convergence in emerging economies and offers insights for policymakers and practitioners.