Process of Coordination of Financial Statements in Banks to International Standards (IFRS)

Husniddin Abdisalomovich Saidakbarov


This article reveals the specifics of the practical application of the transformation of state-owned banks, their reorganization in accordance with market principles and international standards, as well as the expansion of private capital in the banking system and strengthening the competitive environment. Within the framework of the topic, laws and decisions, as well as research of economists were studied and conclusions and recommendations on the topic were given.


Accounting; Financial Reporting; National Accounting Standards; International Financial Reporting Standards; International Auditing Standards; Business; Investment

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Law of the Republic of Uzbekistan "On Accounting", August 30, 1996, No. 279-1.

Uzbekistan "On Banks and Banking ", April 25, 1996

Decree of the President of the Republic of Uzbekistan No. PF-5992 of May 12, 2020 "On the Strategy of Banking Reform of the Republic of Uzbekistan" for 2020-2025

Resolution of the President of the Republic of Uzbekistan Shavkat Mirziyoyev dated February 24, 2020 PP-4611 "On additional measures for the transition to international financial reporting standards."

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More detailed information is presented on the website www . worldbank . org / ifa / rosc _ aa . html .

OAT ―Turonbank financial report, 2012 (Auditing Practices Board), - (UK National Audit Office), - (International Accounting Standards Committee), - (American Institute



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