The First Steps in Passing in a State Where Financial Reporting is Applying International Standards for the First Time

The article covers the first steps and history of origin in the transition of financial reporting to international standards (IFRS) in Uzbekistan. In our country, in the decree of the president of the Republic of Uzbekistan on the satrategia “Uzbekistan – 2030”, the transition to international standards of financial reporting is revealed priority tasks as well as specific measures established. Conclusions and suggestions on the topic are presented.