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MERICAN Journal of Public Diplomacy and International Studies
www.
 grnjournal.us 
 
Literature review 
It should be noted that currently investment policy, formation of investment flows and 
improvement of audit processes in their effective use are considered one of the most essential 
issues in the era of the world economy globalization. 
Various studies on the efficient use of investments and improvement of investment audit 
methodology have been conducted throughout the world. In particular, there are research papers 
of foreign scholars on the world scale dedicated to investigating the methodology of accounting 
and auditing of financial investments in the basic industrial enterprises and service-rendering of 
such scholars as Farrokh Barzideh, Soroush Lotfi, Mehdi Mousapour, Mojtaba Aghae [3]. In 
their research papers these scholars considered accounting of investments based on their sources 
in the improvement of accounting of investments, while other researchers Zhiyun Ouyang, Hua 
Zheng, Yi Xiaosing [4] conducted research on the improvement of accounting of investments in 
natural capital. 
The issues of investments, especially the accounting and audit of financial investments, have 
been researched by the scholars of the CIS as well. In particular, M.V.Levina [5] researched the 
methodology of economic analysis in the effective use of financial investments, O.G. Jitlukhina 
[6] revealed the features of developing the concept of financial investments and their reflection 
in accounting and financial statements. A. V. Pasechnik [7] studied the issues of development of 
accounting of financial investments by enterprises. 
Furthermore, the issues of accounting and audit of financial investments have been researched by 
economists of our country, and their research papers are mainly focused on improving the 
accounting of investments based on national standards. among other things, In particular, the 
research conducted by O. Juraev is aimed at improving accounting and audit of financial 
investments made by enterprises and the financial results obtained from them in the conditions of 
market relations. Sh.Ilkhamov [8] studied the issues of accounting and audit of investment 
activities in enterprises. Furthermore, the research, conducted by A. Avlokulov, studied the 
issues of accounting the investment real estate as long-term securities included in long-term 
investments and other long-term investments.
Herewith handling accounting and audit of investments in our country in compliance with 
international standards of financial reporting and audit promotes the increase of their efficiency 
and provide reliable information to investors. [9, 10] 
Researches demonstrate that the ways of improving accounting and audit of financial 
investments have not been studied in a comprehensive way. This fact necessitates analysis of 
accounting and audit of financial investments taking into account the changes taking place in the 
practice of their improvement and requires creation of methodologies based on the improvement 
of its theoretical and methodological issues.