The adoption and implementation of International Financial Reporting Standards (IFRS) have become a crucial factor in enhancing transparency, comparability, and reliability of financial reporting worldwide. This article examines the current state of IFRS adoption in Uzbekistan, analyzing both regulatory frameworks and practical challenges faced by local enterprises. Special attention is given to the processes of harmonizing national accounting practices with international requirements, the role of professional accounting bodies, and the impact on financial decision-making. By exploring case studies of selected Uzbek companies and assessing the regulatory measures undertaken by governmental and supervisory authorities, the study highlights the benefits, limitations, and potential strategies for effective integration of IFRS into the national financial reporting system. The findings contribute to a better understanding of how international accounting standards can foster economic growth, attract foreign investment, and strengthen corporate governance in emerging markets.

International Financial Reporting Standards, IFRS adoption, Uzbekistan, financial reporting, accounting harmonization, corporate governance, regulatory framework, emerging markets

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