PROBLEMS OF IMPLEMENTING INTERNATIONAL FINANCIAL REPORTING STANDARDS
Abstract
Objective: This article analyzes the process of implementing financial reporting standards in Uzbekistan. Method: The existing challenges in applying International Financial Reporting Standards (IFRS), including the underdeveloped legislative framework, the shortage of qualified specialists, and technological barriers, are discussed. Results: Furthermore, the prospects for introducing these standards are outlined, with proposals focused on improving legislation, training specialists, advancing digitalization, and strengthening international cooperation. Novelty: The article systematically identifies legislative, human resource, and technological barriers while simultaneously outlining practical proposals to enhance IFRS implementation in Uzbekistan.