Akhmedjanov K.B. THE NECESSITY FOR INTERNAL AUDIT IN THE ECONOMIC ENTITIES

Abstract

In developed countries, the internal audit receives the same close attention as
the external audit (the audit committees are required to create all companies whose
shares are quoted on the exchange). However, if the external audit can be said to
have already taken place in Uzbekistan, then internal audit is still in a "rudimentary"
state in the professional and institutional aspects. It should also be noted that there
is a lack of sufficient scientific and practical developments devoted to internal audit.
At the same time, the interaction of external and internal audit is strengthened (the
standards of external audit provide for the use of the work of internal auditors in
conducting audits).