THE ADOPTION OF INTERNATIONAL ACCOUNTING STANDARDS IN UZBEKISTAN: A REVIEW OF PROGRESS AND CHALLENGES
DOI:
https://doi.org/10.55439/EIT/vol11_iss5/a7Keywords:
global accounting, IFRS, international taxation, accounting diversity, international accounting educationAbstract
This article presents a comprehensive analysis of international accounting systems in Uzbekistan. The study aims to compare Uzbekistan's accounting practices with international standards, identifying similarities, differences, challenges, and potential areas for improvement. By examining the country's accounting regulations, financial reporting practices, and their alignment with global standards, this research sheds light on Uzbekistan's progress in adopting internationally accepted accounting principles.
References
"International Accounting" by Frederick D.S. Choi and Gary K. Meek.
"International Financial Reporting Standards (IFRS): An Introduction" by Abbas A. Mirza and Graham Holt.
"Harmonization vs. Standardization: A Detailed Review of International Accounting Concepts" by Alexander S. Litvinenko and Natalia V. Kalashnikova. (International Journal of Accounting and Financial Reporting, 2019).
"The Adoption of International Financial Reporting Standards in Emerging Economies: Impact on Financial Statement Quality" by Paul Pacter and Mary E. Barth. (International Journal of Accounting, 2019).
"The Globalization of Accounting Standards" by Kees Camfferman and Stephen A. Zeff. (Journal of Accounting Research, 2019).
IASB. Use of IFRS Standards by Jurisdiction [Online]. 2019. ifrs.org: IFRS Foundation. Available from: https://www.ifrs.org/use-around-the-world/use-of-ifrs-standards-by-jurisdiction/#profiles [Accessed: February 2, 2022]
Byard D, Li Y, Yu Y. The effect of mandatory IFRS adoption on financial analysts’ information environment. Journal of Accounting Research. 2011; 49:69-96
IASB. Why Global Accounting Standards? [Online]. 2020. Available from: https://www.ifrs.org/use-around-the-world/why-global-accounting-standards/ [Accessed: February 2, 2022]
Alon A, Dwyer PD. Early adoption of IFRS as a strategic response to transnational and local influences. The International Journal of Accounting. 2014; 49:348-370
Guerreiro MS, Rodrigues LL, Craig R. Voluntary adoption of international financial reporting standards by large unlisted companies in Portugal–institutional logics and strategic responses. Accounting, Organizations and Society. 2012; 37:482-499
Riahi O, Khoufi W. Understanding IFRS adoption. Journal of Applied Accounting Research. 2019; 20:543-570
Aisbitt S. Assessing the effect of the transition to IFRS on equity: The case of the FTSE 100. Accounting in Europe. 2006; 3:117-133
Ye Q, Gao J, Zheng W. Accounting standards, earnings transparency and audit fees: Convergence with IFRS in China. Australian Accounting Review. 2018; 28:525-537
Albu CN, Albu N, Alexander D. When global accounting standards meet the local context—Insights from an emerging economy. Critical Perspectives on Accounting. 2014; 25:489-510
Ball R. International financial reporting standards (IFRS): Pros and cons for investors. Accounting and Business Research. 2006; 36:5-27
Cieslewicz JK. Relationships between national economic culture, institutions, and accounting: Implications for IFRS. Critical Perspectives on Accounting. 2014; 25:511-528
Nobes CW, Zeff SA. Have Canada, Japan and Switzerland adopted IFRS? Australian Accounting Review. 2016; 26:284-290
Deloitte 2014. Use of IFRS by Jurisdiction. London: IAS PLUS
















