THE ROLE OF ARTIFICIAL INTELLIGENCE AND THE IFRS DIGITAL TAXONOMY IN THE DIGITALIZATION OF FINANCIAL REPORTING: A COMPARATIVE ANALYSIS OF THE EXPERIENCE OF UZBEKISTAN AND INTERNATIONAL PRACTICE

The digital transformation of financial reporting has become an important component in enhancing corporate transparency, accountability, and the quality of financial information. The integration of artificial intelligence (AI) and the International Financial Reporting Standards (IFRS) Accounting Taxonomy creates opportunities to automate financial reporting processes, improve data quality, facilitate regulatory oversight, and enhance the comparability of financial statements across different jurisdictions. This article examines the role of artificial intelligence and the IFRS digital taxonomy in the preparation and public disclosure of financial statements prepared in accordance with IFRS, drawing on the experiences of Uzbekistan and international practices.