Toshpo‘latov Diyorbek
Tashkent State University of Economics
2nd-year Master’s Degree Student
Email: d919205878@gmail.com
Abstract: This article provides an in-depth analysis of the organization and improvement of current asset auditing in joint-stock companies, emphasizing its importance in ensuring financial transparency and stability. Current assets—such as cash, accounts receivable, inventories, prepaid expenses, and other short-term resources—play a crucial role in determining a company’s liquidity, solvency, and overall financial sustainability. Therefore, their accurate recognition, measurement, documentation, and audit are essential for maintaining financial discipline and ensuring the reliability of corporate financial statements.The study identifies key practical challenges that frequently arise during the auditing of current assets. These include insufficient inventory verification, the increase of overdue receivables, weak internal control systems, improper documentation practices, and inadequate auditor qualifications. Based on scientific sources, international standards, and practical observations, the article examines the implications of these issues and proposes effective solutions. A structured five-stage audit model is introduced, covering inventory assessment, verification of accounts receivable, evaluation of short-term financial investments, review of cash transactions, and assessment of the accuracy of financial reporting.The findings highlight the necessity of adopting a risk-based audit approach, strengthening internal control mechanisms, implementing digital tools and electronic document workflows, and improving auditor competence through continuous training. Furthermore, adherence to International Standards on Auditing (ISA) and international financial reporting requirements is considered vital for enhancing audit quality. Implementing these recommendations will increase the reliability of financial statements, improve transparency in the management of current assets, and strengthen the confidence of shareholders, investors, creditors, and other stakeholders.
Key words: current assets, audit, joint-stock company, internal control, inventory, financial reporting.