DIRECTIONS FOR IMPROVING THE INTERNAL CONTROL AND AUDIT SYSTEM IN AN ENTERPRISE
DOI:
https://doi.org/10.5281/zenodo.22081637Abstract
This article examines the content, functions, and components of the internal control and audit
system in an enterprise, as well as their impact on operational efficiency. The internal control system is considered
an important mechanism for safeguarding enterprise resources, ensuring the legality and appropriateness of
business transactions, improving the reliability of financial reporting, and identifying errors in a timely manner.
The role of internal audit in evaluating the control system, identifying risks, and developing recommendations to
eliminate deficiencies is also analyzed. The study systematizes the key areas of the control environment, risk
assessment, control procedures, information exchange, and monitoring. Major internal control problems, their
impact on audit procedures, and measures for improvement are analyzed using tables. As a result, practical
recommendations are developed for integrating internal control and audit, strengthening a risk-based approach,
and improving documentation and monitoring
Keywords
internal control, internal audit, audit, audit risk, control environment, risk management, control procedures, monitoring, audit evidence, financial reporting, internal audit function.References
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Law of the Republic of Uzbekistan “On Accounting,” No. O‘RQ-404, April 13, 2016. https://lex.uz/docs/-
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