INSTITUTIONAL AND DIGITAL TRANSFORMATION OF THE NATIONAL FINANCIAL REPORTING SYSTEM IN UZBEKISTAN

This paper examines contemporary approaches to improving financial reporting in the Republic of Uzbekistan in the context of International Financial Reporting Standards (IFRS) harmonization and the digitalization of accounting processes. The study analyzes recent legislative reforms, including amendments to the Law “On Accounting,” the modernization of National Accounting Standards (NAS), and the phased transition of large enterprises and financial institutions to IFRS. Using a systematic methodological framework, the research identifies persistent challenges such as limited digital infrastructure, insufficient disclosure practices, a shortage of IFRS-qualified professionals, and fragmented methodological support. The findings suggest that a comprehensive reform strategy combining regulatory alignment, digital transformation (including XBRL adoption), and human capital development is essential to enhance transparency, comparability, and international credibility of financial reporting in Uzbekistan.