The Kyrgyz Republic published the 18 Accounting Standards in 1997. All of these standards became effective Jann y I, 1998. Preparation of the standards was carried out by the Ministry of Finance of Kyrgyz Republic with the assistance of CARANA which was sponsored by the United States Agency for International Development (USIAD). All of these standards have been developed in accordance with International Accounting Standards (IASs).In this study each of these standards has been examined briefly.