From 2015 Uzbekistan actively started adaptation of IFRS and required selected entities and banks to report based on these standards. The government of Uzbekistan also encourages other entities to use IFRS in their financial reporting system. In addition, from the end of 2021, joint stock companies, commercial banks, insurance companies and entities which pay high tax are required to generate financial reports only based on IFRS.
UniFin Advisory can help you understand how the changes in the standards affect your financial statements and assist you in making the complex accounting policy decisions required.
We offer our services for first time adopters, currently converting to IFRS and also to existing IFRS preparers.