The Opportunities for Enhancing Uzbekistan's Competitiveness Through the Adoption of International Financial Reporting Standards
Keywords:
financial reporting, international standards, IFRS, investment, financial market, legal system, methodology, training, strategies.Abstract
The adoption of International Financial Reporting Standards (IFRS) presents significant opportunities for enhancing Uzbekistan's competitiveness in the global economy. This transition promises to improve financial transparency, attract foreign investment, and open doors to international capital markets. By aligning with global financial reporting standards, Uzbekistan can strengthen its financial sector, foster corporate governance, and facilitate trade and economic integration with the international market. This paper explores the potential benefits of adopting IFRS for Uzbekistan, highlighting its role in boosting foreign direct investment, enhancing access to international financial markets, and contributing to the overall economic growth and modernization of the country's financial systems.
