ANALYSIS OF IFRS-BASED FINANCIAL REPORTING PRACTICES AND THE CURRENT STATE OF NATIONAL REPORTING SYSTEMS: GLOBAL EVIDENCE WITH A FOCUS ON UZBEKISTAN
Keywords:
IFRS adoption; financial reporting quality; foreign direct investment; IFRS for SMEs; transition economies; Uzbekistan; Kazakhstan.Abstract
This study examines the practical application of International Financial Reporting Standards (IFRS) using verified international statistics and country-level evidence, with a particular focus on Uzbekistan. Drawing on data from the IFRS Foundation, IFAC, World Bank, OECD, and peer-reviewed empirical studies, the paper evaluates global adoption patterns, SME coverage, foreign direct investment (FDI) effects, and transparency outcomes. Unlike conceptual reviews, the analysis relies exclusively on measurable indicators and comparative statistics. The findings indicate that IFRS adoption is widespread and economically meaningful, but its effectiveness depends on institutional quality, regulatory enforcement, and alignment with national frameworks.
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Azerbaijan
Türkiye
Uzbekistan
Kazakhstan
Turkmenistan
Kyrgyzstan
Republic of Korea
Japan
India
United States of America
Kosovo