Furthermore, the paper demonstrates that the current accounting system of Uzbekistan represents a hybrid model combining elements of different international frameworks. It is argued that the transition to international standards should not be viewed as a one-dimensional reform but rather as a complex transformation incorporating economic, strategic, and social factors. Based on this approach, the study develops theoretical and practical recommendations aimed at improving the national accounting system, including alignment with key trading partners, strengthening regional integration, and incorporating Islamic finance principles.

This article discusses the need to harmonize accounting in the Republic of Uzbekistan on the basis of international financial reporting standards and thereby enter the world market with accurate and reliable information, maintain accounting for liabilities and improve it on the basis of international standards, as well as the fact that the Resolution of the President of the Republic of Uzbekistan "On additional measures for the transition to international financial reporting standards" No. PQ-4611 dated February 24, 2020 was an important basis for the development of IFRS in our country.

This article analyzes the theoretical models of digitalization in institutional development and their relevance to the financial system. Based on scholarly sources and international experience, it is demonstrated that digital technologies enhance transparency, ensure accountability, reduce transaction costs, and increase economic efficiency in the relations between the state and the private sector. The Technology Acceptance Model, the Diffusion of Innovations Theory, and Institutional Theory are examined as the main approaches to implementing digital solutions. The study also highlights national-level challenges, including insufficient digital infrastructure integration, weak incentive mechanisms for small and medium-sized enterprises, and cybersecurity risks. According to the author’s conclusions, aligning digital technologies with institutional reforms and international standards is a key factor in strengthening the stability of Uzbekistan’s financial system and building public trust.

In this article, the international standards of financial reporting and the importance of using these standards in the national accounting system, national and international standards accounting for inventory, the main differences between them, as well as the legal basis for organizing inventory accounting, the main tasks and where the importance of using international standards is analyzed.

This article talks about the relevance and importance of the transition to international financial reporting standards (IFRS) in Uzbekistan today in the process of integration of the world economy. Also, the issues of harmonizing the financial statements prepared on the basis of BHMS in accordance with the MHSS, the stages of transformation are mentioned. Differences between national standards and international financial reporting standards are also analyzed

This article examines the issues of improving the accounting of financial investments from the perspective of national and international standards. In particular, it analyzes the content, scope of application, and practical aspects of the National Accounting Standard No. 12 “Accounting for Financial Investments,” adopted in the Republic of Uzbekistan in 2024. The study explores the differences between traditional approaches to the measurement and classification of financial investments and modern models applied in international practice. Specifically, it provides a theoretical analysis of business model-based classification, fair value measurement, and the expected credit loss (ECL) model within the framework of IFRS 9 “Financial Instruments”. Furthermore, the article develops theoretical and practical recommendations aimed at enhancing accounting practices and improving the quality of financial reporting in the context of ongoing accounting reforms.

This article scientifically analyzes the stages of formation, legal foundations, and significance of the GOST standardization system operating in the countries of the Commonwealth of Independent States (CIS) within modern economic and industrial processes. In the course of the study, the role of GOST standards in industrial production, their importance in ensuring technical safety, their harmonization with national and international standards, as well as development prospects under conditions of digitalization are highlighted. The results of the study demonstrate that the GOST system is an important regulatory mechanism that strengthens economic integration among the CIS countries.

This article examines approaches to optimizing capital requirements for insurance companies in Uzbekistan. It analyzes existing regulatory frameworks and international standards, including Solvency II. The study explores risks associated with insufficient capitalization and proposes measures to improve capital and reserve management mechanisms. The research aims to adapt advanced regulatory practices to the national insurance market, ensuring its sustainable development.