СОВЕРШЕНСТВОВАНИЕ АУДИТОРСКОЙ ДЕЯТЕЛЬНОСТИ В РЕСПУБЛИКЕ УЗБЕКИСТАН.

Abstract

International audit practice based on professional judgment in preventing inadequate user decisions on falsified financial statements of bankrupt enterprises, unfair and fraudulent actions of management, shows its inconsistency. This is explained by the diversity of economic situations of modern business, as well as the development of audit as an economic science. The emergence of new approaches and concepts, changes in standards and legislative framework for audit, and therefore the collection of audit evidence, their analytical processing and presentation to the consumer of audit services, creates new requirements for the quality of preparation and audit of corporate financial statements based on a modified model of a risk-oriented approach to audit, which determines the demand and relevance of the topic of this scientific research on a global scale. In the research article, the goal is to emphasize the role and importance of the level of materiality and acceptable audit risk in a risk-oriented approach to audit, which is most relevant today when using new methods and ways of their definition and assessment. The above research provided us with the opportunity, firstly, to develop a modified scientific-methodical and practical algorithm for calculating the level of materiality and distributing it according to the financial reporting indicators of the audited entity, and secondly, to present an improved toolkit for assessing audit risk. All of the research studies we have conducted fully meet modern challenges and trends in auditing with a risk-oriented approach - as the basis for modern audit technology.