Yo‘lchiyev Oybek Ulug‘bek o‘g‘li
Doctoral student of Tashkent State University of Economics
ORCID: 0009-0007-5019-1211
Abstract This article analyzes the theoretical foundations of the cost accounting and audit system and their significance in managing the activities of business entities. The study interprets cost accounting not as a set of traditional accounting records, but as an analytical information system that transforms data on resource movement, efficiency, and performance into management decisions. Audit, in turn, is presented as an institutional mechanism that ensures the reliability, compliance with regulatory requirements, and transparency of this information. The article substantiates the theoretical and methodological importance of integrating cost accounting with economic analysis and audit, as well as the role of professional judgment and risk-oriented approaches. In addition, the relationship between the subjective interpretation of cost information and audit risk in modern economic conditions is revealed.
Keywords: cost accounting, audit, management efficiency, cost of production, economic analysis, regulatory compliance, audit risk, professional judgment, internal control, management decisions