On the results of the Internal Audit Service of the Ministry of Economic Development and Poverty Reduction for 9 months of 2021

11/11/2021 - 12:12 1011

Based on the Resolution № PR-4938 of the President of the Republic of Uzbekistan dated December 30, 2020 "On measures to ensure the implementation of the Law of the Republic of Uzbekistan on the State Budget of the Republic of Uzbekistan for 2021", an Internal Audit Service has been set up at the central office of the Ministry of Economic Development and Poverty Reduction. In connection with the establishment of the division, the leadership of the Ministry approved the Regulations on the Internal Audit Service, job descriptions and the work plan of the Internal Audit Service. Employees were also informed that the first leaders are personally responsible for the targeted and effective use of the state budget and state trust funds of the system organizations by the leadership of the ministry.

The purpose of the financial audit conducted by the Internal Audit Service was defined by the leadership of the Ministry as follows:

Prepare proposals and recommendations to reduce inefficient and illegal use of funds based on the study of the cost estimates and revenues, staffing tables and additional documents, procedures for their preparation, approval, execution;

evaluation of primary documents based on the study of budget accounting in accordance with the requirements of applicable law;

provide the management with reliable and independent information on the financial statements by examining their reliability, soundness, completeness and correctness;

development of proposals on taking measures to reduce and prevent the occurrence of all types of receivables and payables based on the study of the status of existing receivables and payables and the causes and sources of their occurrence in order to prevent unreasonable receivables and payables;

develop proposals to prevent conflicts of interest and reduce the risk of violations by studying the effectiveness of the public procurement process;

to study the measures taken to ensure the permanent integrity and serviceability of the assets by assessing their use and safety, and to develop recommendations on their results.

The Internal Audit Service conducted financial audits of three organizations in the system at the end of nine months of financial and economic activities. The use of budget funds in the audited organizations is carried out in accordance with the requirements of applicable law. All business operations were initially controlled in the treasury system and accounting was carried out in the software package "UzASBO".

Audits of financial and economic activities revealed financial errors and deficiencies in two cases totaling 1,649.7 thousand soums (overpaid wages and other bills), which were collected for settlement in the coming months.

When entering the purchased fixed assets and inventory into the software package "UzASBO" for accounting, the staff of the accounting service was instructed to correct the incorrect selection of accounting accounts.

Due to non-timely payment of utility bills by the lessee of state property, a debt of 15,053.5 thousand soums was incurred and recommendations were made to take measures to recover it.

Employees of the Internal Audit Service provide practical assistance and guidance to employees of accounting services of system organizations through the software package "UzASBO" in the calculation of salaries and equivalent payments to employees, settlements with suppliers of goods, works and services, as well as in the entry and write-off of inventory on the balance sheet of the organization, in settlements with accountants.

Information service of the

Ministry of Economic Development and Poverty Reduction

Creative Commons Attribution 4.0 International
All site materials are available under license: Creative Commons Attribution 4.0 International