No Paper Title Author Name Page No

MERICAN Journal of Public Diplomacy and International Studies
www.
 grnjournal.us 
 
“Securities”, “Investments in subsidiary companies”, “Investments in associated companies”, the 
data of accounting “Investments in companies with foreign capital”, “Other long-term 
investments” with accounting data, as well as with the data of the Ledger. In turn, the data of the 
Ledger should be compared with the data of relevant accounting registers and preliminary 
documents. Then the value of investments should be checked for accurate determination (Table 
2). 
Table 2. Objects of audit of investment activity 
Indicators 
Financial reports containing indicators 
Name 
Accounts 
№ 
Form 1 
Form 2 
Form 4 
Form 5 
line
№ 
colum
n 
line
№ 
colum
n 
line
№ 
colum
n 
line
№ 
colu
mn 
1 
2 
3 
4 
5 
6 
7 
8 
9 
Accounts for 
accounting of long-
term investments 
0600 
030 
3 
 
 
 
 
 
 
Securities 
0610 
040 
3 
130 
2 
Investments in 
subsidiary companies 
0620 
050 
3 
Investments in 
associated companies 
0630 
060 
3 
Companies with 
foreign capital 
0640 
070 
3 
Other long-term 
investments 
0690 
080 
3 
Accounts for 
accounting of capital 
placementsсобга 
олувчи счетлар 
0800 
100 
3 
 
 
100 
2 
 
 
Construction in 
progress 
0810 
100 
3 
Purchase of fixed 
assets 
0820 
100 
3 
Purchase of intangible 
assets 
0830 
100 
3 
Formation of the main 
herd 
0840 
100 
3 
Capital investments in 
land improvement 
0850 
100 
3 
Capital investments in 
the fixed assets 
obtained on the basis 
of the long-term 
renting contract 
0860 
100 
3 
Other capital 
0890 
100 
Accounts for 
accounting of short-
term investments 
5800 
370 
6 
 
 
100 
2 
130 
2 
Securities 
5810 
370 
6 
Debts provided for a 
short term 
5830 
370 
6 
Other current 
5890 
370 
6 

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219
A
MERICAN Journal of Public Diplomacy and International Studies
www.
 grnjournal.us 
 
investments 
Accounts for 
accounting of income 
by financial activity 
9500 
 
 
110 
4 
180 
3 
 
 
Income in the form of 
dividends 
9520 
120 
4 
120 
3 
Interest income 
9530 
130 
4 
110 
3 
The above-mentioned recommendations enable to significantly reduce the audit risk during the 
audit process and provide reliable information for external users.
An audit is considered a complex, multifaceted process and various tasks are solved during its 
implementation. In addition, it involves a certain amount of labour and money. Therefore, it is 
necessary to pay particular to the methods of conducting an audit and to use it efficiently.
When planning the control procedures of the audit of financial investments, it is necessary to 
determine the focus areas of inspection, the sequence of actions, and the necessary sources of 
evidence. With the aim of regulating specific activities and reducing audit risk, it is recommended to 
develop a special programme for the audit of financial investments. 
As a result of the research, we have developed the “Audit plan of financial investments” and “Audit 
programme of financial investments”. In accordance with the developed plan and programme for 
audit, the auditor should check the balance sheet of financial investments at the beginning of the 
reporting period and at the end of the reporting period, as well as the preliminary documents related 
thereto. 
We have determined that the sequence of audit of financial investment activities should be 
carried out in three stages (Figure 1).