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0TODAY'S IMPORTANCE AND PROSPECTS OF AUDIT ACTIVITIES IN UZBEKISTAN Utegenova Sarbinaz
KarSU, teacher of the "Accounting and auditing" department Ph.D.
Mirzabaeva Ulzada KarSU, 3 rd year student of the "Accounting and auditing" department https://doi.org/10.5281/zenodo.11542592
ARTICLE INFO
ABSTRACT
Received: 04th June 2024 Accepted: 09th June 2024 Online: 10th June 2024
In this article, we will dwell in more detail on the role of audit activity in the developing economy of Uzbekistan and its specific features. At the same time, we take a look at the opinions about the future of the auditing profession, which is becoming one of the hot topics of today.
KEYWORDS
Importance of audit, future of audit, investors
expectations, changes in audit.
The world is changing. New discoveries are being made every day, all the existing things are changing into different forms day by day, many processes in human life are becoming technological, that is, in a word, life in the human world is one it is getting easier and more complicated at the same time. Of course, such processes are also reflected in the world of economy. In particular, one of the most important factors in the development of the economy of any country is the changing and developing processes in the business world. Such processes are taking place at a significant speed in the economy of Uzbekistan. If we take a deeper look at these processes, such changes, which are rapidly implemented in the economy of Uzbekistan, clearly show the need for drastic changes in the management and accounting system of the economy.
In the world of business, we all know how to direct funds to the right place and get more profit. In today's fast-paced market economy, where even simple business ideas can become huge sources of funding, it's important to know where to spend your money. This is where auditing comes in handy. For those just entering the world of business, you can see the auditing profession as a consultant who can provide you with great help in deciding where and in which area to direct your money, and you will be able to see for experienced entrepreneurs, investors and large owners, respectively, as a source of information necessary for development of their business, as a reliable source of information about businesses that want to make an investment and as a person who can guarantee to a certain extent that they will be able to get the expected income from their investment, and as a source of reliable information about the state of the owners' properties under their care.
As we mentioned earlier, the world is changing and developing, and business is becoming more complex day by day. But is the audit ready for this? We call the 21st century the age of technology, and the role of technology in our lives is increasing day by day. As we all
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