Improvement of Audit in Non–State Non–Profit Organizations

Mekhriddin Sulaymonovich Khojiev

doi:10.47814/ijssrr.v6i4.1205

Mekhriddin Sulaymonovich Khojiev PhD, Associate Professor, Tashkent Institute of Finance, Uzbekistan

DOI: https://doi.org/10.47814/ijssrr.v6i4.1205

Keywords: Commercial Organizations; Non–State Non–Profit Organization; Mandatory Audit; Voluntary Audit; Audit Union; Audit Firm; Target Financing; Organization’s Budget; Program Budget; Targeted Receipts; Targeted Financing

Abstract

In the context of innovative development of the economy, making decisions on the interaction of individuals and legal entities with non–profit organizations, as well as assessing the risk of investments, contributions, grants and other targeted sources of financing for the activities of non–profit organizations is impossible without providing reliable financial (accounting) statements. Auditing such reporting should distinguish between non–state non–profit organizations (NSNPOs). Therefore, this article discusses the differences between audit between commercial and non–profit organizations in solving urgent problems in Uzbekistan. And also, the procedure for the main activity of auditing in non–governmental non–profit organizations is recommended.

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