Organization of audits in non-governmental non-commercial organizations

Organization of audits in non-governmental non-commercial organizations

Jalolov Behzod HBA-81i

Plan:

• The importance of audit activities in non-governmental non-commercial organizations
• Planning the audit activities in non-governmental and non-profit organizations
• Results, advantages and disadvantages of organized audit

Audit activities play a critical role in ensuring that non-governmental, non-commercial organizations are stabilizing and operating within legal, financial, and ethical standards. An audit is a formal process of examining both the financial and operational performance of an organization. Audits can be conducted both internally (within the organization) or externally (outsourced to an external auditing body). By performing audits, organizations can identify any risks or opportunities for improvement with their operations, giving them the opportunity to address them proactively for those involved. In this paragraph, we will explore in detail the importance of audit activities in non-governmental non-commercial organizations.

• Audit activities play a critical role in ensuring that non-governmental, non-commercial organizations are stabilizing and operating within legal, financial, and ethical standards. An audit is a formal process of examining both the financial and operational performance of an organization. Audits can be conducted both internally (within the organization) or externally (outsourced to an external auditing body). By performing audits, organizations can identify any risks or opportunities for improvement with their operations, giving them the opportunity to address them proactively for those involved. In this paragraph, we will explore in detail the importance of audit activities in non-governmental non-commercial organizations.

Audit activities are essential in non-governmental, non-commercial organizations in Uzbekistan in order to ensure the accuracy and validity of accounts, the implementation of internal control procedures, and to ensure that funds are used appropriately. Audit activities include reviewing financial documents such as bank accounts and ledgers, ensuring that all expenses are properly documented, and inspecting the books for financial irregularities and compliance with laws, regulations, and other standards. The audit process also helps to assess areas where operations can be improved or corrected.