IMPORTANT CONDITIONS FOR DEVELOPING ACCOUNTING AND AUDIT SYSTEMS IN ENSURING SUSTAINABLE GROWTH RATES IN REGIONS

Аннотация

In this article, the audit service is not only a global trend, but also an urgent necessity in the conditions of actively developing and complex economic relations. The purpose of this article is to identify the main problems of internal audit in Uzbekistan. The concept of internal audit accuracy provides conceptual tools for studying internal audit as a disciplinary mechanism in the context of corporate governance of modern organizations. The article develops the initial conceptual formula and internal audit, audit and control to enhance therationality ofeconomic activity andappropriatecontrol measures. Keywords:audit; internal audit; development; mechanism. In the context of economic modernization, the main tool for obtaining reliable information on the financial condition of business entities is internal audit. There are significant changes in the modern economy, one of which is the consolidation of previously unequal enterprises - large business entities - into the corporation, the integration of joint-stock companies and legal entities with different organizational and legal forms. Consolidation is carried out in conjunction with the transfer of operational management functions from shareholders tohired top managers in order to attract cheap financial resources, and the entry of Uzbek corporationsinto world stock exchanges. The Resolution of the President of the Republic of Uzbekistan “On Additional Measures on the Transition to International Financial Reporting Standards” dated February 24, 2020 PQ- 4611 opened a new page in accounting policy in our country. These processes have led to significant changes in the organization of internal control over the activities of Uzbek corporations and put forward other requirements for the disclosure of information on financial and economicactivities. The term “audit” comes from the Latin word “auditor”, “hearer”. In our opinion, “audit is an activity aimed at checking the accuracy of the financial information of an economic entity by persons with appropriate authority” and checking the completeness, compliance or compliance with certain rules and reporting on the results to the informant. For a high-quality and successful audit, generally accepted auditing standards should be applied to the audit process. Improving the audit of banks in accordance with international standards includes the following: page1141 INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE ISSN:2692-5206,ImpactFactor:12,23 AmericanAcademicpublishers,volume05,issue05,2025 Journal: https://www.academicpublishers.org/journals/index.php/ijai 1.Auditplanning 2.Requirements forthe internal standards oftheaudit organization 3.Qualitycontrol oftheauditor's work 4.Auditdocumentation 5.Materiality and audit risk 6.Otherinformation in financial statements 7.Auditof computerdata The Basel Committee on Banking Supervision (BCBS) is an important body that actively influences the process of regulating and supervising banking activities and implementing international standards. Modern auditing activities are divided into the following two groups according totheir functional functions: 1.External audit. 2.Internal audit. An external audit is an audit conducted by an auditor who is completely independent of the enterprise to verify that the annual financial statements of the enterprise are prepared in accordance with IFRS. An external audit is mainly financial, and as mentioned above, the reports consist of an audit. However, in addition to this type of audit, a compliance or operational audit can also be conducted. One ofthe important conditions for an external audit, that is, the auditor participating in this audit must not have an economic interest in the buyer ofthis audit. For example, the auditor conducting the audit is the founder, owner, shareholder, manager or other position of the company; also, ifthe audit firm provides accounting services totheenterprise as "Additional Services". This audit firm conducts an audit at theenterprise. In this case, that is, if the auditor or audit organization violates the principle of independence, the audit organization may be deprived of its license to conduct audit activities, and the auditormay bedeprived of itsqualification certificate. Thepurposeof anexternal audit: -to verify whether thefinancial statements reflect thecorrect and completeinformation orto identify cases ofincorrect information; - to verify whether the accounting and reporting system at the enterprise is maintained in accordance with certain legal documents - to verify whether the company correctly reflects its income, expenses and final financial results fortheperiod under review. After theexternal audit iscompleted, an audit report and conclusion are submitted. In the context of modernization of the economy, the main tool for obtaining reliable information about the financial condition of business entities is internal audit. There are significant changes in the modern economy, one of which is the