International and national accounting regulation systems

The article examines current changes in accounting regulation, which are attracting increasing attention from politicians, regulators and economists. This is due to efforts to reform current standards and rules at the international level. As stock markets in various countries develop and the international capital market integrates, investors' need for global standardization of companies' financial statements has increased. In addition, the article analyzes the stages of implementation and development of International Financial Reporting Standards (IFRS) both in the world and in Kyrgyzstan.