OVERCOMING CHALLENGES: THE CURRENT ADAPTATION OF NATIONAL FINANCIAL REPORTING TO INTERNATIONAL STANDARDS

This article provides an overview of the current state of the process of adapting national financial reporting standards to international norms. It examines the main challenges and obstacles countries face when transitioning to the use of international standards. Additionally, the article explores the factors influencing the adaptation process, the methods and tools used, and the advantages and challenges of this approach. Based on the analysis, recommendations are proposed to improve the adaptation process and ensure its more effective implementation in the future.