INTEGRATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS INTO THE FINANCIAL SYSTEM OF UZBEKISTAN: PROSPECTS AND CHALLENGES

The thesis examines the process of integration of International Financial Reporting Standards (IFRS) into the financial system of the Republic of Uzbekistan. The authors analyze the main prospects and challenges associated with this process, highlight the importance of transparency and comparability of financial information to attract foreign investment and increase confidence from the business community. The thesis also draws attention to the need to improve the skills of accountants and auditors, as well as adaptation of national legislation to international requirements. In conclusion, recommendations are formulated for the effective implementation of IFRS in Uzbekistan.