IMPROVING THE AUDIT OF ENTERPRISES’ FINANCIAL CONDITION BASED ON INTERNATIONAL STANDARDS
DOI:
https://doi.org/10.55640/Keywords:
financial condition, audit system, international standards, audit engagement, financial control, financial transparency, audit methodology.Abstract
This article provides a detailed analysis of the theoretical and practical aspects of auditing the financial condition of enterprises based on International Standards on Auditing and improving the audit process. The role of auditing in ensuring the reliability and transparency of financial statements, as well as the importance of compliance with international standards in organizing audit engagements, is thoroughly examined. The article reveals the essence of the concept of financial condition, the role of audit methodology in its assessment, and the main problems arising in the audit process along with ways to address them.
At the same time, the possibilities of strengthening financial discipline within enterprises and reducing the risk of financial errors and misstatements through the application of International Standards on Auditing are analyzed. The necessity of aligning the audit system with international requirements in the context of Uzbekistan is substantiated, and scientific and practical conclusions and recommendations are provided to further enhance the effectiveness of the audit process. The results of the study contribute to improving audit quality in assessing the financial condition of enterprises.
References
1.Materials of the International Auditing and Assurance Standards Board.
2.Guides on International Financial Reporting Standards.
3.Regulatory and legal documents on auditing activities of the Republic of Uzbekistan.
4.Scientific studies on audit theory and practice.
5.Educational literature on financial analysis and corporate finance.
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