the effectiveness of International Financial Reporting Standards (IFRS) for commercial banks is a critical issue in contemporary financial practice. Over recent decades, IFRS have gained widespread adoption, influencing the accounting and reporting processes of banking organizations worldwide. The main objective of this study is to analyze the impact of IFRS on financial reporting by commercial banks, as well as assess their effectiveness in ensuring transparency, improving decision-making quality, and increasing investor and regulatory trust. The paper explores the application of IFRS in the banking sector, highlighting the main advantages and disadvantages, and provides a review of the practical experience of leading banking institutions.
Akbasheva et al. (Fri,) studied this question.