MERICAN Journal of Public Diplomacy and International Studies www.
grnjournal.us AMERICAN Journal of Public Diplomacy and International Studies Volume 01, Issue 06, 2023 ISSN (E): 2993-2157 Perspectives for Applying International Experience of Audit of Financial Investments Suyunov Yorkin Bekmuradovich PhD, Senior lecturer of “Accounting” department, Tashkent State University of Economics, Uzbekistan Abstract: This article is devoted to the consideration of the perspectives of developing the audit
of financial investments in reliance upon foreign experience. In addition, the article analyzes the
perspectives of the investment policy in our republic and development of accounting and audit of
investments in reliance upon international experience. Moreover, the stages of conducting the
audit in the formation of reliable audit opinions on the objects of financial investments have been
developed. Furthermore, based on the proposals and recommendations, the transparency of the
audit by including additional activities in the audit of financial investments has been ensured.
Keywords: investments, financial investments, audit programme, audit stages, audit activities,
audit planning.
Introduction Currently under conditions of globalization, one of the top-target objectives is rapid development
and liberalization of the national economy, further accelerating its integration into world
financial markets and further development of the capital market and digital economy, as well as
introduction of modern corporate governance principles. Taking the country’s development to a
new higher level, further development of the economy is impossible without attracting
investments.
Nowadays, performing an in-depth and comprehensive analysis of complex global processes and
the outcomes of the national development, systematic activities have been implemented in recent
years and are being undertaken to prioritize reforms aimed at transforming the economy and
accelerating entrepreneurship, ensuring human rights and interests and creating a dynamic civil
society. Adoption of the Decree of the President of the Republic of Uzbekistan “On the
Development Strategy of New Uzbekistan for 2022-2026” has marked a new stage in the
development of the country, the beginning of the 3rd Renaissance [1]. This Decree has
determined such urgent objectives as rapid development of the national economy and high
growth rates, further improvement of the investment climate in the country and its attractiveness,
as well as the efficient use of investments and ensuring an increase of exports, establishment of a
new system based on “bottom-upwards” principle, which require active implementation of
investment policy, finding sources of their financing, further improving the system, streamlining
the system of making management decisions and their effective use. All these aspects necessitate
improving the quality of auditing services.
