THE ROLE OF INTERNAL CONTROL RISK ASSESSMENT IN THE AUDIT RISK MODEL: A SYSTEMIC, DIGITAL AND GOVERNANCE-ORIENTED ANALYSIS
DOI:
https://doi.org/10.55640/Keywords:
audit risk model, internal control risk, COSO, ISA 315, audit quality, corporate governance, digital auditing.Abstract
Internal control risk assessment plays a decisive role in determining audit scope, audit evidence strategy and overall audit quality. Under the conditions of digital transformation, globalized financial markets and increasingly complex corporate governance structures, traditional approaches to evaluating internal control risk have become insufficient. This study provides a comprehensive theoretical and methodological analysis of the place of internal control risk within the audit risk model, explores its interdependence with inherent and detection risks, and proposes an advanced integrated model for multidimensional internal control risk evaluation. The research is grounded in International Standards on Auditing (ISA 315, ISA 330), COSO Integrated Framework (2017), and contemporary empirical studies. The findings confirm that internal control risk is not merely a procedural element but a strategic governance instrument that determines financial reporting reliability, audit efficiency and investor confidence.
Downloads
References
1.Brian Hock, Carl Birch . CIA. Certified Internal Auditor. Book: in 4 parts. Moscow: NOSK international , 2008.
2.Zavarikhina N.M., Potekhina Yu.V. Methodology and techniques of internal audit in commercial banks // Audit and financial analysis. 2005. No. 4. P. 208.
3.Krasnova I.A. Methodology for conducting an internal audit review of the effectiveness of the internal control system of business processes// Joint-stock company: corporate governance issues. 2006. No. 7.
4.Kryshkin O. Handbook on Internal Audit: Risks and Business Processes. Moscow: ALPINA PUBLISHER, 2013.
5.W F Messier Jr, S M Glover, and D F Prawitt (2006), Auditing and Assurance Services A systematic Approach, McGraw Hill Irwin, 4th Edition
6.Audit: Theory and Practice: Textbook / L.I. Varonina. - M .: "Omega-L", 2012. -647 p.
7.Odegov Yu.G., Nikonova T.V. Audit and Controlling of Personnel: Textbook. 2nd ed. and add. - M .: "Alfa Press", 2010. - 672 p.
8.Podolsky V. Audit. Textbook. - M .: Publishing House Yurait, 2010. - 605 pp.
9.Khaidarov R., Fayziev Sh. Internal audit. Study guide. – T.: “IQTISOD-MOLIYA”, 2013. -212 p.
10.Qo‘ziyev I.N., Fayziev Sh.N., Avloqulov A.Z., Sherimbetov I.X. Ichki audit. O'quv qo'llanma. -T.: IQTISOD-MOLIYA, 2015. 198 bet.
11.Bulyga R. Audit: textbook / ed. Bulygi R.P. –M.: “UNITY – DANA”, - 2009 - 431 pages.
12.Collection of guidelines for auditing / Kh. Kosymov, L. Yugai, A. Khoshimova, B. Pardaev, Compiled by: B. Abdunazarov.-Tashkent, 2009.-304 p.
13.Khalmurzayevna, Y. S., Nuritdinovich, F. S., & Karimovich, S. S. (2023). RISK ASSESSMENT OF THE INTERNAL CONTROL SYSTEM AND THE APPLICATION OF AUDITING PROCEDURES IN AUDIT OF ENVIRONMENTAL COSTS. International Journal Of Management And Economics Fundamental, 3(05), 15-27.
14.Yuldasheva Saodat Khalmurzayevna, Ganiev Shakhriddin Vakhidovich, Yuldashev Sherzod Zairjanovich (2023/6/9). 21st Century Modern English Teacher’s Professional Competences. Best Journal of Innovation in Science, Research and Development, 8-13
15.Yuldasheva Saodat Khalmurzayevna, Yuldashev Sherzod Zairjanovich (2023/9/20) The Perspectives of English Teachers' Pedagogic Competence In Teaching English Through Online and Offline Tools. American Journal of Language, Literacy and Learning in STEM Education (2993-2769), 111-121
16.Ismailov Kamolatdin Kurultaevich, Yuldashev Sherzod Zairjanovich, Sadikova Dildor Abdullayevna, Talipov Begzod Botirovich, Taryanikova Marina Anatolievna (2023/10/23). Specifics Of Teaching Foreign Language Speaking To Students At A Non-Linguistic Institute (Iper) In The Distance Learning Format. Best Journal of Innovation in Science, Research and Development, 549-559
17.Alisherovna R. N. FUNCTIONAL ANALYSIS OF TEXTS IN ENGLISH AND UZBEKI //Galaxy International Interdisciplinary Research Journal. – 2023. – Т. 11. – №. 1. – С. 185-187.
18.Yuldasheva Saodat Khalmurzayevna, Yuldashev Sherzod Zairjanovich (2023/11/12). Overthrown Barriers In Teaching Efl To Non-Linguistic Students (Iper Students). Gospodarka i Innowacje, 123-132
19.Talipov Begzod Botirovich, Akhmedova Dilnoza Anvarovna, Toshkhonov Mahamadali Turdaliyevich. (2023, 2 January) THE DEVELOPMENT OF PBL TEACHING METHOD FOR TEACHING PRACTICAL ENGLISH IN IPER (INSTITUTE OF PHARMACEUTICAL EDUCATION AND RESEARCH) “INTERNATIONAL SCIENTIFIC CONFERENCE " INNOVATIVE TRENDS IN SCIENCE, PRACTICE AND EDUCATION"
20.Akhmedova Dilnoza Anvarovna. (2023, 23 January) Strategies for Increasing Awareness of Pharmaceutical Students' Divergences. Miasto Przyszłości 31, 277-280
21.Talipov Begzod Botirovich, Akhmedova Dilnoza Anvarovna, Toshkhonov Mahamadali Turdaliyevich. (2023, 31 January) ESP AND STUDENTS' NEEDS IN LEARNING ENGLISH FOR PHARMACY. “INTERNATIONAL JOURNAL OF SOCIAL SCIENCE & INTERDISCIPLINARY RESEARCH”
22.Yuldashev Sherzod Zairjanovich. ENGLISH AND SUBJECT INTEGRATION IN MATHEMATICS AND GEOGRAPHY. Zbiór artykułów naukowych recenzowanych. 201 pp
23.Yuldasheva Saodat Khalmurzayevna, Yuldashev Sherzod Zairjanovich (2023/12/22). OPPORTUNITIES FOR DEVELOPING PROFESSIONAL COMPETENCIES OF PHARMACEUTICAL INSTITUTE STUDENTS IN THE PROCESS OF LEARNING A FOREIGN LANGUAGE. Best Journal of Innovation in Science, Research and Development, 148-153 pp
24.Yuldasheva Saodat Khalmurzayevna, Yuldashev Sherzod Zairjanovich (2024/01/19) Conformation Of the Foreign Language Competence of Pharmacy and Industrial Pharmacy Students (IPER). Best Journal of Innovation in Science, Research and Development, 304-312 pp
25.Yuldasheva Saodat Khalmurzayevna, Yuldashev Sherzod Zairjanovich (2024/01/19) Investigating Non-English Major Students’ (Iper) Needs, Attitudes, And English Language Learning Ways. INTERNATIONAL JOURNAL OF EUROPEAN RESEARCH OUTPUT, 170-193 pp
26.Yuldasheva Saodat Khalmurzayevna, Yuldashev Sherzod Zairjanovich (2024/3/19) Teaching English Grammar to Iper Students within Internet Resources, Best Journal of Innovation in Science, Research and Development, 462-472 pp
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.
