{"id":4975,"date":"2025-12-26T09:07:10","date_gmt":"2025-12-26T09:07:10","guid":{"rendered":"https:\/\/interfinance.tsue.uz\/?p=4975"},"modified":"2026-01-22T09:09:39","modified_gmt":"2026-01-22T09:09:39","slug":"practical-opportunities-and-challenges-of-applying-ifrs-s1-and-s2-in-uzbek-enterprises","status":"publish","type":"post","link":"https:\/\/interfinance.tsue.uz\/?p=4975","title":{"rendered":"PRACTICAL OPPORTUNITIES AND CHALLENGES OF APPLYING IFRS S1 AND S2 IN UZBEK ENTERPRISES"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><em>Phd, DSc Xalilov Sherzod<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"mailto:halilov8@gmail.com\"><em>halilov8@gmail.com<\/em><\/a><em><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Head of the Department of Accounting at the ISFT Institute<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Tursunova Nargiza<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"mailto:nargizaerkinova12@gmail.com\"><em>nargizaerkinova12@gmail.com<\/em><\/a><em><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>International Islamic Academy <\/em><em>\u043e<\/em><em>f Uzbekistan<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Abstract<\/em><\/strong><em>. The adoption of IFRS S1 and IFRS S2 by the International Sustainability Standards Board aims to improve the consistency and usefulness of sustainability reporting by standardizing disclosures on climate-related and ESG risks. These standards support better investor decision-making and encourage the integration of sustainability considerations into corporate governance and risk management.<\/em> <em>In Uzbekistan, the gradual alignment of state-owned and private enterprises with IFRS standards creates opportunities to enhance transparency, attract international investment, and strengthen risk management practices. However, implementation remains constrained by limited technical capacity, weak ESG data systems, and insufficient assurance frameworks. This article examines these opportunities and challenges and proposes recommendations to support the<\/em> <em>effective adoption of IFRS S1 and S2 in Uzbek enterprises.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Keywords:<\/em><\/strong><strong><em> <\/em><\/strong><em>IFRS\u202fS1, IFRS\u202fS2, sustainability reporting, climate-related disclosures, ESG.<\/em><\/p>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2025\/12\/7Tursunova-Nargiza.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of 7+Tursunova Nargiza.\"><\/object><a id=\"wp-block-file--media-b1ceba78-e3ed-4ce1-926e-09bdba5938c3\" href=\"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2025\/12\/7Tursunova-Nargiza.pdf\">7+Tursunova Nargiza<\/a><a href=\"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2025\/12\/7Tursunova-Nargiza.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-b1ceba78-e3ed-4ce1-926e-09bdba5938c3\">Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Phd, DSc Xalilov Sherzod halilov8@gmail.com Head of the Department of Accounting at the ISFT Institute Tursunova Nargiza nargizaerkinova12@gmail.com International Islamic Academy \u043ef Uzbekistan Abstract. The adoption of IFRS S1 and IFRS S2 by the International Sustainability Standards Board aims to <a href=\"https:\/\/interfinance.tsue.uz\/?p=4975\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-4975","post","type-post","status-publish","format-standard","hentry","category-2025-6-issue-1-6"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PRACTICAL OPPORTUNITIES AND CHALLENGES OF APPLYING IFRS S1 AND S2 IN UZBEK ENTERPRISES - Journal of International Finance and Accounting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/interfinance.tsue.uz\/?p=4975\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PRACTICAL OPPORTUNITIES AND CHALLENGES OF APPLYING IFRS S1 AND S2 IN UZBEK ENTERPRISES - Journal of International Finance and Accounting\" \/>\n<meta property=\"og:description\" content=\"Phd, DSc Xalilov Sherzod halilov8@gmail.com Head of the Department of Accounting at the ISFT Institute Tursunova Nargiza nargizaerkinova12@gmail.com International Islamic Academy \u043ef Uzbekistan Abstract. 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