Organizing Audit of Product Sales Amid Economic Modernization in Uzbekistan

Authors

  • Karabaev Muxtar Matmusayevich Candidate of Economics, Associate Professor of the Department of Accounting and Audit, Ferghana Polytechnic Institute

Keywords:

the process of selling finished products, product sales audit, cost reduction, correct cost calculation, sold products, sales revenue, production activities

Abstract

The article investigates the organization of product sales audits in Uzbekistan's context of economic modernization. Despite extensive research on sales audits, a gap exists in understanding their specific applications and challenges in transitioning economies. Utilizing economic and mathematical analysis, including factor analysis and comparative methods, the study examines practical and theoretical aspects of auditing product sales. Findings reveal significant inefficiencies in current auditing practices, identifying critical areas for improvement in cost calculation and sales revenue tracking. The results suggest that aligning national auditing standards with international norms can enhance transparency and attract foreign investments. Implications for policymakers include the need for legislative reforms and enhanced auditor training programs to ensure accurate and reliable financial reporting in Uzbekistan's evolving economic landscape.

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Published

2024-06-24

How to Cite

Matmusayevich, K. M. . (2024). Organizing Audit of Product Sales Amid Economic Modernization in Uzbekistan. Procedia on Economic Scientific Research, 10(1), 130–136. Retrieved from https://procedia.online/index.php/economic/article/view/1393

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Articles