METHODOLOGY OF CONDUCTING AUDITS OF INSURANCE ORGANIZATIONS
Keywords:
Insurance organization, audit, internal control, financial reporting, audit conclusion, international audit standards, comparative indicators, analytical practice.Abstract
The article discusses the specific features of insurance organizations and delves into issues related to organizing their accounting. Additionally, the process of conducting audits in insurance organizations is examined. The article also covers the procedures for managing the accounting of insurance organizations, conducting analyses, comprehensively evaluating the activities of insurance organizations, and the concept of conducting insurance audits on an international scale.
Furthermore, the article provides comparative opinions of scholars on the formulation of financial reports in insurance organizations. It discusses the utilization of analytical practices for the purpose of conducting audits, summarizing audit results, and presenting effective audit findings. In conjunction with this, the article presents important conclusions and practical recommendations regarding the methodology of conducting audits in insurance organizations, thereby elucidating the content and significance of the academic article.
References
Law "On Auditing Activity" of the Republic of Uzbekistan, No. ЎRҚ-677, dated February 25, 2021.
Law "On Insurance Activity" of the Republic of Uzbekistan, No. ЎRҚ-730, dated November 23, 2021.
Janina Mühlnickel, Gregor N.F. Weiß. Consolidation and systemic risk in the international insurance industry. Journal of Financial Stability. Volume 18, June 2015, Pages 187-202.
Kuzminov N.N. Features of accounting in insurance companies. "For managers and accountants of insurance auditors, teachers, students, and listeners of economic faculties and special courses." Ankil, 2000.
S. Mehmomov. "Improving the provision of internal audit in budget organizations." "International Finance and Accounting" scientific e-journal. No. 1, February, 2018.
A. Avlokulov. Directions for monitoring the quality of the work of the audit organization. Economics and Education / 6, 2022.
M. Abduraimova. "Improving the system of forming financial statements in insurance organizations and conducting audits." Doctoral dissertation, 2020.
Ilhomov Sh.I. Evaluation of the internal control system in the process of conducting audit checks. Monograph. – Tashkent: Iqtisodiyot, 2010.
Ochilov, F. (2020). ECONOMIC ESSENCE OF LIABILITIES AND THEIR THEORETICAL ASPECTS IN ACCOUNTING. International Finance and Accounting, 2020(4), 28.
International Standards on Auditing and Quality Control. 2012. Part I, Volume 1. Tashkent: UBAMA, 2014.
The Institute of Internal Auditors. (https://www.theiia.org)
Ministry of Finance of Uzbekistan. (https://www.mf.uz)
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.