Current issues of introduction of international standards of financial reporting and auditing in the innovative economy

The number of enterprises engaged in foreign trade operations and attracting foreign investment in the innovative development of the economy is growing. At the same time, despite the measures taken to introduce modern methods of corporate governance, there are still systemic problems that hinder the introduction of international financial reporting and auditing standards, providing the necessary information environment for foreign investors. This article describes the important aspects of the introduction of international standards of financial reporting and auditing in Uzbekistan, the priorities that need to be addressed in the first place, and conclusions and recommendations for their solution.