Comparative Analysis of National and International Standards Regulating Accounting and Auditing Systems

The article provides a comparative analysis of the system of national (IASB) and international (IFRS, IAS) standards regulating the accounting and auditing of liabilities. During the study, seven main differences between national and international standards were identified and directions for their elimination were proposed. The importance of the transition to IFRS was justified on the basis of the Resolutions of the Ministry of Finance of the Republic of Uzbekistan No. 93 of 2021 and the Cabinet of Ministers No. 171 of 2022. The globalization of financial markets has intensified the need for harmonization between national and international accounting and auditing standards. This study provides a comparative analysis of national regulatory frameworks and internationally recognized standards, focusing on their conceptual foundations, implementation mechanisms, and practical implications. The research identifies key differences in recognition, measurement, disclosure, and audit procedures while highlighting the benefits and challenges of convergence. The findings suggest that while international standards enhance transparency and comparability, national systems remain influenced by legal, economic, and institutional factors. The study concludes with recommendations for improving alignment and strengthening regulatory effectiveness.