Topic: Creation of the company's accounting policy and audit of its compliance

Topic: Creation of the company's accounting policy and audit of its compliance

Prepared: Ibodullayeva Maftuna

Checked: Barakayev Otabek

Plan:

• Adjustment of accounting practices to international standards in order to ensure transparency and accountability in companies
• Accounting policy
• Advantages of creating an accounting policy and verifying its compliance with international practice
• Conclusion

Today, I would like to talk to you about an important topic for : the creation of an accounting policy and its audit to ensure compliance with international practices. As you know, Uzbekistan has been taking steps to attract foreign investment, which has led to an increase in foreign companies operating within our country. This creates a need for local companies to align their accounting practices with international standards to ensure transparency and accountability.

Today, I would like to talk to you about an important topic for : the creation of an accounting policy and its audit to ensure compliance with international practices. As you know, Uzbekistan has been taking steps to attract foreign investment, which has led to an increase in foreign companies operating within our country. This creates a need for local companies to align their accounting practices with international standards to ensure transparency and accountability.

An accounting policy is a set of rules and procedures that a company uses to record and report financial transactions. It is important because it helps to ensure that financial information is accurate and reliable. A well-defined accounting policy provides guidance on how transactions should be recorded, how accounts should be classified, and how financial statements should be prepared.

• An accounting policy is a set of rules and procedures that a company uses to record and report financial transactions. It is important because it helps to ensure that financial information is accurate and reliable. A well-defined accounting policy provides guidance on how transactions should be recorded, how accounts should be classified, and how financial statements should be prepared.

Accounting policy

• To ensure compliance with international practices, a company's accounting policy should be audited by an independent third party. This audit should be carried out by a qualified accountant who has experience in auditing international accounting standards. The audit should assess whether the company's accounting policies and procedures comply with the applicable international accounting standards and provide recommendations for improvement.

Advantages of creating an accounting policy and verifying its compliance with international practice

• The benefits of creating an accounting policy and auditing its compliance with international practices are numerous. Firstly, it helps to improve the accuracy and reliability of financial information, which is essential for making informed business decisions. Secondly, it can help to attract foreign investment as investors are more likely to invest in companies that have transparent and reliable financial information. Finally, it can help to avoid legal and regulatory issues by ensuring that the company's accounting practices comply with local laws and regulations.

Conclusion

• In conclusion, creating an accounting policy and auditing its compliance with international practices is an important step for companies operating in Uzbekistan. By doing so, companies can improve the accuracy and reliability of financial information, attract foreign investment, and avoid legal and regulatory issues. I hope that this speech has been informative and helpful, and that you will consider the importance of accounting policies and auditing in your future business endeavors.

Thank you