Organization Order Of Investigation And Evaluation Of The Inner System Control
Keywords:
Accounting, accounting records, arithmetic checking, audit risk, financial control, internal control, system control
Abstract
The existence of weaknesses in the internal control system should concern auditors because it provides an indication of risk that a material misstatement in the annual or interim financial statements will not be prevented or detected by the system of internal controls. Therefore, the knowledge of a problem in the internal controls should cause auditors to adjust their risk assessment and/or level of testing. If so, risk-adjusted audit pricing should yield higher audit fees for companies with problems ineffective disclosure controls.References
Law of the Republic of Uzbekistan “About Accounting”. Tashkent, 1996.
Law of the Republic of Uzbekistan «Of public accountant activity». Tashkent, 2000.
National Standard of the Auditing Activity of the Republic of Uzbekistan 12-“The evaluation system of accounting and inner control during auditing “(registered by the Ministry of Justice, 1673 dated from 12.04.2007.).
Collection of international standards of audit. Expression to the confidence and ethics – Almaty, 2007.
Published
2011-04-01
Issue
Section
Articles
Copyright (c) 2011 Shavkat Ilkhamov
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