Nargiza Abdieva
Associate professor, The department of Audit, Tashkent Institute of Finance, Tashkent, Uzbekistan
email: abdiyeva_nargiza@tfi.uz
ORCID: 0000000193016156
Abstract. In the conditions of sustainable development of the economy, it is an urgent issue to determine the directions of effective management and development of the financial and economic activities of foreign companies, including joint-stock companies. In the sustainable development of joint-stock companies, it is very important for the development of the country to attract shareholders and investors through effective management that ensures the high quality of business processes, services and manufactured products, and the performance of business plan indicators.Internal audit is a means of effective management of the organization, with the quality control of business process activity and accounting, timely elimination of identified errors and deficiencies. And of course, in order for the internal audit service to be effective, the establishment of a system of measures to control, evaluate and improve the quality of its work is one of the urgent issues today.International professional standards of internal audit set requirements for quality organization of internal audit and external and internal assessment of its quality. Assessment and improvement of its quality leads to an increase in the effectiveness of organizational management and financial and economic activities.Based on this, there is a need to effectively organize internal audit in joint-stock companies based on international standards and to reveal the theoretical and practical importance of assessing the quality of its work.The ultimate goal of organizing an internal audit service in joint-stock companies is to identify risks and improve business processes as a result of conducting an audit. Improving the quality of internal audit, including improving the quality of internal audit work processes and recommendations, focusing on high-risk areas in the internal audit plan, and digitizing internal audit are of great importance in achieving this goal.The purpose of the article is to develop theoretical, practical and methodological recommendations for assessing the quality of internal audit work based on international internal audit professional standards, while studying the advanced experience of national and world practice.
Key words. internal audit, internal audit service, internal audit quality, A Quality Assurance and Improvement Program (QAIP), International standards for the professional practice of internal auditing