IMPACT OF THE IMPLEMENTATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) IN BANKS ON THE QUALITY OF ACCOUNTING
Keywords:
IFRS, accounting, financial reporting, transparency, banks, UzbekistanAbstract
This article examines the impact of implementing International Financial Reporting Standards (IFRS)
on the quality of accounting in Uzbekistan's commercial banks. The study analyzes the effect of IFRS on the
transparency, reliability of financial reporting, and investor confidence. Using qualitative and quantitative methods,
the successes and challenges of transitioning to IFRS are identified based on examples from leading Uzbek banks.
The results indicate that IFRS significantly enhances accounting quality, but issues related to infrastructure and staff
qualifications remain relevant
References
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O‘zbekiston Respublikasi Markaziy banki. (2023). Moliyaviy hisobot standartlari bo‘yicha yillik hisobot.Toshkent: Markaziy bank nashriyoti.
IFRS Foundation. (2022). IFRS Standards and Implementation Guidelines. London: IFRS Foundation.
