World Bank2013-02-052013-02-052008-12https://hdl.handle.net/10986/12250This report describes the results of an assessment of the accounting, financial reporting and auditing requirements and practices of the Republic of Uzbekistan's enterprise and financial sectors. The report uses, inter alia, International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), and International Standards on Auditing (ISA) as benchmarks, and draws on international experience and good practices in the field of accounting and audit regulation, to assess the quality of Uzbek financial information and make policy recommendationsen-USCC BY 3.0 IGOACCOUNTACCOUNTABILITYACCOUNTANCYACCOUNTANTACCOUNTANTSACCOUNTINGACCOUNTING DOCUMENTSACCOUNTING FRAMEWORKACCOUNTING RECORDSACCOUNTING REFORMACCOUNTING STANDARDACCOUNTING STANDARDSACCOUNTING TREATMENTACCOUNTSACCOUNTS PAYABLEADVERTISINGAUDIT COMMITTEEAUDIT EVIDENCEAUDIT REPORTSAUDIT RISKAUDIT STANDARDSAUDITED FINANCIAL STATEMENTSAUDITINGAUDITING PROCEDURESAUDITING STANDARDSAUDITOR ROTATIONAUDITORSAUDITSBALANCE SHEETBALANCE SHEETSBANK HOLDINGBANK HOLDING COMPANIESBANK LOANSBANKING LAWSBANKING SECTORBANKING SUPERVISIONBOOKKEEPINGBUSINESS EDUCATIONBUSINESS LAWBUSINESS PLANSCABINET OF MINISTERSCAPACITY BUILDINGCAPITAL ADEQUACYCENTRAL BANKCIVIL CODECIVIL LAWCOLLATERALCOMMERCIAL BANKSCOMMERCIAL ENTERPRISESCOMMERCIAL LAWCOMMERCIAL LAWSCOMPANY LAWCOMPLIANCE GAPCONFLICT OF INTERESTCONSOLIDATED FINANCIAL STATEMENTSCORPORATE GOVERNANCECOST OF CAPITALCREDIBILITYCREDIT INSTITUTIONSCREDIT UNIONSCREDITORSCURRENCYCURRENCY REGULATIONCURRENT ASSETSDEBTORSDEBTSDISCLOSURE REQUIREMENTSDUE DILIGENCEECONOMIC DEVELOPMENTENFORCEMENT MECHANISMENTREPRENEURSHIPEQUIPMENTEXCHANGE COMMISSIONEXPORTEREXTERNAL AUDITORSFINANCIAL ACCOUNTINGFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL MARKETFINANCIAL REPORTINGFINANCIAL REPORTING STANDARDSFINANCIAL REPORTSFINANCIAL STATEMENTFINANCIAL STATEMENTSFIXED ASSETSFOREIGN INVESTMENTGOOD PRACTICEGOOD PRACTICESGROSS DOMESTIC PRODUCTHOLDINGHOUSINGINCOME STATEMENTSINSTITUTIONAL CAPACITYINSURANCEINSURANCE COMPANIESINSURANCE COMPANYINSURANCE MARKETINSURANCE PREMIUMSINTERNAL AUDITINTERNAL AUDITORSINTERNAL CONTROLSINTERNATIONAL ACCOUNTING STANDARDSINTERNATIONAL ACCOUNTING STANDARDS COMMITTEEINTERNATIONAL DEVELOPMENTINTERNATIONAL RATING AGENCYINTERNATIONAL STANDARDSINVENTORIESINVENTORYINVESTMENT FUNDSINVESTMENT PROJECTSISSUANCEJOINT-STOCK COMPANIESJOINT-STOCK COMPANYLAWSLEGAL AUTHORITYLEGAL FRAMEWORKLEGAL SYSTEMLEGAL TRANSACTIONSLEGISLATIONLENDING DECISIONSLIFE INSURANCELIMITED LIABILITYLIQUIDITYLLCLOANLOAN LOSS PROVISIONSMANAGEMENT ACCOUNTINGMANDATESMARKET REGULATORMICROCREDITMICROFINANCEMONETARY FUNDMUNICIPAL GOVERNMENTSNATIONAL BANKOPEN JOINT-STOCK COMPANIESPEER REVIEWPENALTIESPENSIONPENSION FUNDPLEDGESPRIVATE INVESTORSPRIVATIZATIONPRUDENTIAL REQUIREMENTSPUBLIC DISCLOSUREPUBLIC ENTERPRISESPUBLIC FUNDSQUALITY ASSURANCEQUALITY AUDITSQUALITY CONTROLQUANTITATIVE CRITERIAREGULATORY FRAMEWORKREORGANIZATIONRESERVERESERVESRETURNSSECURITIESSECURITIES EXCHANGESECURITIES MARKETSHAREHOLDERSHAREHOLDERSSMALL BUSINESSSMALL BUSINESSESSOLVENCYSTATEMENT REQUIREMENTSSTATUTORY AUDITORSSTATUTORY REQUIREMENTSSTOCK EXCHANGESTOCK EXCHANGESSTOCK MARKETSUBSIDIARIESSUPERVISORY BOARDTAXTAX COLLECTIONTAXATIONTECHNICAL ASSISTANCETURNOVERVALUATIONWITHDRAWALWorld Bank10.1596/12250