ORGANIZATION OF TURKIC STATES: INTEROPERATION AND ACCOUNTING SYSTEM
Keywords:Organization of Turkic States, foreign trade, gross domestic product, international financial reporting standards, national financial reporting standards, small and medium businesses, financial reporting.
The article is devoted to the consideration of the prospects of the economic cooperation of the member countries of the Organization of Turkic States (OTS), including strengthening of interdependence, expansion of cooperation in the fields of tourism, industry, energy and agriculture, as well as integration of accounting and financial reporting between the countries. Moreover, the article analyzes activities performed to ensure implementation of the objectives specified in the Resolution of the President of the Republic of Uzbekistan № 4611 dated February 24, 2020 “On additional measures to the transition to international financial reporting standards” regarding accounting and financial reporting system in our Republic, as well as between OTS member countries. In reliance upon the research results, the authors have formulated relevant proposals and recommendations.
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