Mamatkulov Khaibulla Narzullaevich
Senior lecturer Audit Departmen
Tashkent State Economic University
Abstract. Internal control is the main element of accounting policy in accounting. The composition of the accounting policy and the nature of internal control in it. Objectives of accounting: superiority of control over control and collection of information. The tasks of internal control are to ensure the legality of business transactions. Internal control tasks to ensure the integrity of asses, prevention and detection of errors. Ways to ensure the validity and legality of accounting for each business transaction, organizing financial liability, conducting periodic inventories, regulating is result. Internal control is a system of measures used by the management of the institution for the most effective performance of their duties by all employees in the implementation of business operations. Internal control determines the legality of these operations and their significance for the institution. Internal control information helps the company’s management and management staff to quickly get complete information about deviations from normal conditions for business operations. Conducting internal control is mandatory for every institution. In large institutions, special internal control or internal audit departments can be established. The objectives of internal control in budget institutions are as follows: The main purpose of control is to reduce the organization’s risks, ensure the achievement of goals, prevent misuse of property, and eliminate theft or attempted theft of assets through the following forms.
Key words. internal control, types of control, object of internal control, accountиng policies, collectиon of information, financиal responsиbility, ensirиng legalиty, internal control procedures.