Improving the report of the auditor of financial statements in the republic of Uzbekistan

Abstract

In order to attract foreign capital, it is necessary to prepare financial statements based on international financial reporting standards and confirm them based on international auditing standards. Therefore, one of the factors of the need for audit activity arises from the leading multinational audit companies. This is due to the high level of competitiveness and globalization of the audit business, which requires the audit of financial statements based on international standards and standards of audit. This article examines the need to apply international standards, improve the regulatory system for regulating audit activities.. Mathematical models for evaluating the audit of financial statements were used for the analysis. We have obtained the result that the current audit of financial statements in Uzbekistan will be a financially and economically profitable and effective mechanism for attracting foreign partners. In this regard, the need to improve the report of the auditor of financial statements of joint-stock companies is disclosed.

Article the process of reforming the system of the auditor's report of financial statements in the Republic of Uzbekistan, the transition of domestic accounting practices to international financial reporting standards has a significant impact on the development of standards of auditing.