APPLYING THE EXPERIENCE OF EUROPEAN COUNTRIES IN THE PREPARATION OF FINANCIAL STATEMENTS AND ACCOUNTING IN UZBEKISTAN IN ACCORDANCE WITH THE IFRS
Keywords:
FRS, Uzbekistan, financial reporting, European experience, accounting reform, transparency, international standards.Abstract
In an era of increasing global financial integration, adopting International Financial Reporting Standards (IFRS) is pivotal for countries aiming to enhance transparency, attract foreign investment, and harmonize financial reporting practices. This article examines the European Union’s experience with IFRS implementation and explores its applicability to Uzbekistan’s evolving accounting framework. The analysis highlights strategic steps taken by Uzbekistan, including regulatory reforms, pilot implementations by large enterprises, and education initiatives. Recommendations for advancing IFRS adoption are presented within the context of institutional, legal, and digital transformation.
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References
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