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Abstract
The International Auditing and Assurance Standards Board (IAASB) sets global standards for auditing and assurance to enhance the quality and consistency of audit practices worldwide. This article examines the issues and challenges in applying IAASB standards in the context of Uzbekistan. Through a review of relevant literature and analysis of the current audit environment in Uzbekistan, we identify several key factors impacting IAASB implementation, including the existing legal and regulatory framework, translation and interpretation of the standards, auditor training and capacity, and enforcement mechanisms.
References
International Auditing and Assurance Standards Board. (n.d.). About IAASB. https://www.iaasb.org/about-iaasb 2. IFAC. (2017). International standards: 2017 global status report. https://www.ifac.org/system/files/publications/files/International-Standards-2017- Global-Status-Report.pdf 3. Boolaky, P. K., & Soobaroyen, T. (2017). Adoption of International Standards on Auditing (ISA): Do institutional factors matter? International Journal of Auditing, 21(1), 59-81.
Humphrey, C., Loft, A., & Woods, M. (2009). The global audit profession and the international financial architecture: Understanding regulatory relationships at a time of financial crisis. Accounting, Organizations and Society, 34(6-7), 810-825. 5. Samsonova-Taddei, A., & Humphrey, C. (2015). Risk and the construction of a European audit policy agenda: The case of auditor liability. Accounting, Organizations and Society, 41, 55-72. 6. Djatej, A., Zhou, D., Gorton, D., & McGonigle, W. (2021). Critical factors related to the adoption of the International Standards on Auditing in the Asian emerging markets. Journal of International Accounting, Auditing and Taxation, 43, 100380.
Law of the Republic of Uzbekistan on Auditing Activity. (2000).
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