Enhancing the consolidation of finished goods audit results and the preparation of the audit report

This study explores the transformation of national accounting practices toward compliance with International Financial Reporting Standards (IFRS), focusing specifically on finished goods accounting within Uzbekistan’s light industry sector. As outlined in the country’s 2022–2026 Development Strategy, enhancing the export potential and investment attractiveness of textile and garment enterprises requires transparent and internationally aligned financial reporting systems. The analysis compares current national practices with IFRS requirements, identifying key discrepancies in valuation methods, cost components, revaluation procedures, and disclosure standards. Findings indicate that adopting IFRS-based accounting for finished goods ensures greater financial transparency, accurate cost tracking, and improved audit reliability. Furthermore, the implementation of IFRS supports strategic decision-making, strengthens investor confidence, and aligns local enterprises with global trade and reporting expectations.