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ORGANIZATIONAL ASPECTS OF CURRENT ASSET AUDIT
PLANNING
Mavlyanova Dilobar Makhkamovna
PhD, Associate Professor of “Accounting” department of
Tashkent State University of Economics
e-mail: d.mavlyanova@mail.ru
ORCID: 0000-0002-7947-5265
https://doi.org/10.5281/zenodo.15718162
Current assets are assets that are used in business processes related to the
production of products (work, services)in the year of financial reporting, are
acquired or controlled by a business entity as a result of past events, can be
reliably assessed, are likely to bring economic benefit in the future, they are
important in ensuring the liquidity and solvency of business entities.
The procedure for organizing, conducting and reflecting the results of the
audit of current assets in the audit report is carried out on the basis of the
following regulatory legal acts: Law of the Republic of Uzbekistan "on
accounting"; law of the Republic of Uzbekistan "on auditing activities";
standards of auditing activities; national standards of accounting; international
standards of financial reporting.
When planning an audit of current assets, the principles established in the
above regulatory legal acts are relied on.
Theoretical, organizational and methodological and practical aspects of
current asset audits have been researched and studied by economists. In
Particular, V.P.Suys focuses on current asset audit planning and audit program
preparation in its research on auditing current assets. In particular, he writes:
"the audit of current assets involves checking: production reserves; production
costs for accounting purposes; costs of the next period; unfinished production;
other reserves and expenses; Value Added Tax on purchased goods; Tmqs,
funds; finished products (goods, works, services); other current assets"[2]. In
this case, it can be observed that the author describes the assets that are part of
the current assets by classifying them.
N.S.Lustov writes that"the accounting and audit of the current assets of the
enterprise is part of the management of the business, in particular the property
of the enterprise"[3]. He paid more attention to the issues of improving the
analysis of current assets in his research on the audit and analysis of long-term
and current assets of the enterprise on the example of" Diagnostics " LLC. The
audit of current assets is limited to the description of the purpose, tasks and
methodology of the audit.
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The economist scholar Sh.Ilhamov [4] studied the issues of planning audits
on general grounds, studying and evaluating the accounting and internal nasoart
system at the time of audit, completing audit, cites his approaches to the
methodological problems of auditing related to the movement of commodity and
material reserves that are part of current assets, the production of products
(works, services), treatment related to cost calculation and. In particular, the
author's audit of transactions related to the production, cost calculation and sale
of products (work, Services)describes the purpose, tasks and sources of
information of the audit in accordance with the current regulatory legal
documents, and offers for the preparation of a program of audit of production
costs, indicating the objects of audit of production costs.
A.J.The issues of planning, organizing, conducting and completing audits
were also covered by economists led by Tuychiev [5] in accordance with the
current regulatory legal documents. But, it is precisely the issues of organizing
and conducting an audit of current assets that have not been studied by
economists. The authors cited their approach to the issues of organizing the
audit of the business processes of the business entity, in which the main
operations related to current assets occur, including the processes of supply,
production and sale, and summarizing the results of the audit.
Economist scientists K.B.Akhmedzhanov and A.X.Sattorovs [6] cite their
approach, having studied the organizational foundations of audit examination in
accordance with the current regulatory legal documents, the basics of studying
and evaluating the internal control system by the auditor, audit and operational
audit in the Electronic Data Processing System, the final stage of audit
examination, audit report and conclusion issues. However, the issues of planning
the audit of current assets, preparing its program, conducting an audit and
including its results in the audit report have not been studied by economists.
In general, the review of studied economic sources shows that the issues of
organizing, conducting an audit and formalizing the results of an audit in the
form of a report were described by economist scientists on common grounds.
That is, the purpose and objectives of the audit of current assets, one of the main
objects of the audit, the stages of conducting the audit process, the creation of
the planning and program of the audit, the issues of reflecting the results of the
audit in the audit report are not presented in a comprehensive manner. This
testifies to the fact that research and study of organizational aspects of planning
the audit of current assets based on current regulatory legal documents is one of
the pressing issues.
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The results of the Audit will help the management of the enterprise to
ensure the accuracy of financial statements, correct errors and improve the
internal control system. Therefore, in the audit of current assets, it is necessary
to first develop a clear plan and, based on it, an audit program, based on its
purpose and the tasks set for its implementation.
Audit of current assets depends on the correct structure of the audit plan
and the organization of audit processes, which is regulated under the
international standard of audit (ISA) No. 300 "financial statements audit
planning" [1].
Monographic studies show that, although the current regulatory legal
documents establish the obligation of the audit organization to implement the
standards used in the planning of auditing on the basis of ISA No. 300, in
practice, the requirements of this standard by some audit organizations are not
fully followed in the audit process, are being developed in content and forms
based on different approaches. In our opinion, such an approach will lead to an
increase in the length of the audit period or, since the tasks of each auditor are
not clearly defined in the audit process, to errors and shortcomings in the audit
process by them and a decrease in the quality of the audit process. In this regard,
it is advisable to plan the audit of current assets and approach the preparation of
the audit program in the implementation of the procedures established in the
ISA No. 300.
According to this standard, "the audit plan will be more comprehensive
than the audit general strategy and will include a description of the nature of the
audit procedures to be carried out by the members of the settlement team, the
deadlines and scope of their implementation. The planning of audit procedures
is carried out during the audit, depending on the development of the audit plan.
For example, planning auditing procedures for risk assessment is usually carried
out at the initial stage of the audit. However, planning the nature of specific audit
procedures, the deadlines and scope of their execution will depend on the
results of risk assessment procedures. In addition, the auditor can enter into the
execution of audit procedures on certain series of operas, The Remains of
accounts and the information to be revealed, until the completion of a more
detailed plan of audit in relation to all the remaining audit procedures" [1].
The general plan of audit can be developed in a separate and special form
and content, based on the characteristics of each audit object. In particular, we
propose to draw up the general plan of the audit of current assets on the
example of JSC "Uzbekneftigaz", which is a conditionally monographic object of
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research, in the following content and form (table 1).
In Table 1, the general plan of the audit of current assets proposed in the
form of classification of works planned to be performed, deadlines for holding,
responsible persons, audit acts applied in the audit, as well as additional and
annotations are cited. It certainly serves a systematic approach, saving time and
resources, reducing risks, improving quality and building trust.
The general plan of the audit of the proposed current assets is not a form of
strictly defined content. Changes and additions can be made to it. Only the need
for the changes and additions made and their content should be described in
detail in the general audit plan.
1-жадвал
Жорий активлар аудитининг умумий режаси
1
Текширилаётган ташкилот:
«Ўзбекнефтигаз» АЖ
Аудит даври:
03.03.2025 йил – 14.03.2025 йил
Аудиторлик гуруҳи раҳбари:
Аудиторлик гуруҳи раҳбари:
Режалаштирилган аудиторлик риски:
2 фоиз
Режалаштирилган муҳимлик даражаси:
5 фоиз
№
Бажарилиши
режалаштирилган ишлар
Ўтказиш
муддати
Масъул
шахслар
Қўлланиладиган
аудиторлик
амаллари
Қўшимча ва
изоҳлар
1
Жорий активлар аудити дастури
ишлаб чиқиш
03.03.2025
Аудиторлик
гуруҳи раҳбари
Кузатиш,
ҳужжатлаштириш
Аудиторлик риски
ва жиддийлик
даражасини
белгилаш зарур.
2
«Ўзбекнефтигаз» АЖ бухгалтерия
ҳисоби ва ички назорат тизими
ишончлилигини баҳолаш ва унга
асосан аудиторлик танлаш ҳажмини
белгилаш
03.03.2025
Аудиторлик
гуруҳи раҳбари
Ҳужжатлаштириш,
таққослаш, таҳлил
қилиш, саволнома ёки
тест ўтказиш
Бухгалтерия хиз-
мати ходимлари ва
моддий жавобгар
шахслар
қатнашиши шарт
3
Жорий активлар мавжудлиги,
улардан фойдаланиш ва сақлаш
ҳолатини ўрганиш
04.03.2025
Аудиторлик
гуруҳи раҳбари
ва аудиторлар
Ҳужжатлаштириш,
таққослаш,
инвентаризация,
саволнома ёки тест
ўтказиш
Инвентариза
цияда барча
аудиторлар
қатнашиши зарур
4
Жорий активларни тан олиш ва
баҳолашнинг тўғрилилиги ва
қонунийлигини текшириш
04.0
3.2025
Аудиторл
ик гуруҳи
раҳбари ва
аудиторлар
Ҳужжатлаштир
иш, таққослаш,
таҳлил, баҳолаш ва
калкуляция
Бухгалтери
я хиз-мати
ходимлари ва
моддий жавобгар
шахслар
қатнашиши шарт
5
Жорий активлар билан боғлиқ
операцияларнинг амалдаги
норматив-ҳуқуқий ҳужжатларда
белгиланган талабларга
мослигини текшириш
05.0
3.2025
Аудиторл
ик гуруҳи
раҳбари ва
аудиторлар
Ҳужжатлаштир
иш, таққослаш,
кузатиш, таҳлил,
саволнома ёки тест
ўтказиш
Бухгалтери
я хиз-мати
ходимлари ва
моддий жавобгар
шахслар
1
Тадқиқот натижалари асосида муаллиф томонидан ишлаб чиқилган.
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қатнашиши шарт
6
Жорий активлар билан боғлиқ
операцияларни ўз вақтида
ҳужжатлаштириш, бухгалтерия
ҳисобида ҳисобга олинганлигини
текшириш
06.03.2025
Аудиторлик
гуруҳи раҳбари
ва аудиторлар
Ҳужжатлаштириш,
таққослаш,
инветаризация,
таҳлил, саволнома
ёки тест ўтказиш
Бухгалтерия хиз-
мати ходимлари ва
моддий жавобгар
шахслар
қатнашиши шарт
7
Жорий активлар тўғрисида
ахборотлар молиявий ҳисоботда
тўғри акс эттирилганлигини
ўрганиш
11.03.2025
Аудиторлик
гуруҳи раҳбари
ва аудиторлар
Ҳужжатлаштириш,
таққослаш, баҳолаш,
таҳлил, саволнома
ёки тест ўтказиш
Бухгалтерия
хизмати раҳбари
қатнашиши шарт
8
Жорий активлар аудити
натижасида аниқланган хато ва
камчиликларни юзага келиш
сабаблари ҳамда уларни бартараф
этиш бўйича амалий таклиф ва
тавсиялар ишлаб чиқиш
13.03.2025
Аудиторлик
гуруҳи раҳбари
ва аудиторлар
Ҳужжатлаштириш,
баҳолаш, таҳлил,
прогнозлаш
Аудиторлик
гуруҳи раҳбари ва
аудиторлар
9
Жорий активлар аудити
натижаларини оралиқ ва умумий
иш ҳужжатларида акс эттириш
13.03.2025
Аудиторлик
гуруҳи раҳбари
ва аудиторлар
Ҳужжатлаштириш,
таққослаш, баҳолаш,
таҳлил
Аудиторлик
гуруҳи раҳбари ва
аудиторлар
10
Жорий активлар аудити
натижаларини «Ўзбекнефтигаз» АЖ
раҳбариятига тақдим этиш
14.03.2025
Аудиторлик
гуруҳи раҳбари
Ҳужжатлаштириш,
таққослаш, баҳолаш,
таҳлил
Аудиторлик
гуруҳи раҳбари
Аудиторлик ташкилоти раҳбари:
____________
________________________
Аудиторлик гуруҳи раҳбари:
____________
________________________
It should be noted that the audit work document, in which the content of
the completed work, audit actions and audit work documents necessary for the
development and implementation of the general plan of the audit of current
assets, are reflected in detail, is an audit program.
The Audit program is a methodological guide for auditors and assistant
auditors in the audit process, a means of monitoring as an audit audit for the
audit organization and the head of the audit group.
The head of the audit team must formalize the audit program developed
based on the general audit plan as an audit work document and cite them in a
continuous sequence in order to detail the work planned to be carried out in it
and the acts of auditing used in it in the audit work documents.
Economic sources describe the fact that the audit program should be
compiled in the forms of the program of control means tests and, in essence, the
program of audit duties and rules.
"The control tools tests program consists of a list of a set of actions
designed to collect information about the activities of the internal control and
accounting system. The purpose of control tool tests is that they help the
economic entity to identify serious shortcomings of control tools.
In essence, the audit fee-rules include a detailed examination of the
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turnover on accounts in accounting and the correct reflection of the balance. In
essence, the program of audit duties-rules will consist of a list of actions of the
auditor for such specific detailed inspections. In essence, for the duties and
regulations, the auditor will have to determine what the same sections of
accounting will be checked and draw up an audit program for each section of
accounting.
The audit program can be revised depending on the changes in the
conditions for conducting the audit and the results of the audit regulations. The
causes and results of the changes must be documented"[2].
Thus, on the basis of the results of the research carried out to improve the
organizational and methodological aspects of the audit of current assets, the
following conclusions were formulated:
it was characterized by the classification of the main tasks of the audit in its
implementation, noting that the confirmation that the account of current assets
is properly organized and maintained in the business entity and that the
information about them is fully reflected in the financial report is the main
purpose of the audit of current assets;
in order to ensure a systematic approach to the audit of current assets, save
time and resources, reduce risks, improve the quality of the audit and build
confidence, it was proposed to draw up a general plan of the audit of current
assets;
it was proposed to draw up a program of audit of current assets, in which
the stages of performing the tasks set out in the general work plan of the audit of
current assets, the duration, the composition of responsible employees, audit
actions carried out in the audit and audit work documents are reflected in detail.
List of literature used:
1.
Аудитнинг халқаро стандарти (300-сон АХС) «Молиявий ҳисоботлар
аудитини режалаштириш». https://gov.uz/uz/imv/sections/view/22099
2.
Суйц
В.П.
Аудит.
Электронные
учебники.
2006.
https://be5.biz/ekonomika/a014/index.html
3.
Лустов Н.С. Учет, анализ и аудит основных и оборотных средств
предприятия : монография / - Москва: РУСАЙНС, 2024. — 110 ст.
4.
Ilhamov Sh.I. Amaliy audit. Darslik. – T.: IQTISODIYOT, 2018. 160-210
betlar.
5.
Tuychiev A., Qo‘ziev I., Masharipov O., Avlokulov A., Yaqubov M.,
Sherimbetov I., I.Avazov; Audit: Darslik / - T.: “Iqtisod-Moliya”, 2019. – 408 b.
6.
K.B.Axmedjanov, A.X.Sattorov. Auditga kirish. Darslik. – T.: «Innovatsion
rivojlanish nashriyot-matbaa uyi», 2021. -448 b.
