Abdujalilova Dilnoz Abdusattorovna
Associate Professor of the «Budget Accounting and Treasury»
Department of Tashkent State University of Economics, Uzbekistan
E-mail: dilnoz.abdujalilova.84@mail.ru
ORCID: 0009-0003-5169-4233
Abstract. This article examines the harmonization of financial reporting in the banking sector with International Financial Reporting Standards (IFRS) and its alignment with budgetary oversight mechanisms. As global financial markets become increasingly interconnected, adopting IFRS has become essential for ensuring transparency, comparability, and reliability of financial information. For banking institutions, IFRS implementation enhances the accuracy of asset valuation, risk assessment, and income recognition, thereby improving the quality of financial disclosures provided to regulators and stakeholders. At the same time, effective budgetary oversight requires consistent, timely, and standardized reporting to support fiscal discipline and informed decision-making. By integrating IFRS-based reporting with budget control systems, governments can achieve greater accountability, improve monitoring of financial risks, and strengthen macroeconomic stability. The study highlights the theoretical foundations, practical implications, and institutional requirements needed to ensure coherent alignment between IFRS adoption in the banking sector and modern budgetary governance frameworks.
Keywords: International Financial Reporting Standards (IFRS), Financial Reporting Harmonization, Banking Sector Transparency, Budgetary Oversight, Fiscal Governance, Regulatory Compliance, Public Financial Management (PFM), Financial Disclosure Quality, Accounting Standardization.