THE ROLE OF THE INTERNAL AUDIT BASED INTERNATIONAL INTERNAL AUDIT STANDARDS IN UZBEKISTAN

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Sultonali Mexmonov

Abstract

Traditionally, internal auditing function has been designed to help ensure reliable accounting information and to safeguard company assets. Growing competition and barriers to market access have made companies be careful enough to keep their shares and to stay sound in the market by responding to risks of failure and hidden shock from systemic economic cycle by means of internal auditing. It facilitates the analysis of financial profile and probabilities of hazards from economic condition and regulatory framework. In consistent with developments in business climate, viewing the internal audit function as the most qualified group of professionals to support firm’s stable performance with improved governance as well as facilitate key governance processes by monitoring the control and evaluating the operational effectiveness in financial profile.

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How to Cite
Mexmonov, S. (2020). THE ROLE OF THE INTERNAL AUDIT BASED INTERNATIONAL INTERNAL AUDIT STANDARDS IN UZBEKISTAN. Scientific Research Archive, 33(1). Retrieved from https://ejournal.tsue.uz/index.php/archive/article/view/3257

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Mexmonov, S. (2020). THE ROLE OF THE INTERNAL AUDIT BASED INTERNATIONAL INTERNAL AUDIT STANDARDS IN UZBEKISTAN. Архив научных исследований, 33(1). извлечено от https://journal.tsue.uz/index.php/archive/article/view/3257