Prospects for the Transition to International Tax Accounting Standards in Uzbekistan

Abstract

This article talks about the relevance and importance of the transition to International Financial Reporting Standards (IFRS) in Uzbekistan today against the background of the integration of the global economy. Based on foreign experience, taking into account the positive aspects and advantages of organizing our national accounting system based on international financial reporting standards, as well as the consequences of the transition to IFRS, practical recommendations have been formulated on areas that need to be implemented in the future.