AUDIT ORGANIZATIONS IN UZBEKISTAN
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Key words: Audit, International Standards of Audit, National Auditing Standards, Licensing, compliance, setting standards, financial reporting, tax advisory, financial services for SMEs##article.abstract##
Abstract: As Uzbekistan shifts to a market economy, the audit industry has experienced substantial change. Uzbekistan has been working to create a legal framework to create a strong audit system that complies with international standards ever since gaining independence in 1991. In order to encourage accountability, openness, and sound governance in the nation's economic institutions, audit organizations—both public and private—have been established. Given its significance in promoting an open and responsible economic system, this article offers a concise summary of the audit organization structure, legal framework, and major issues in Uzbekistan.
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