ASSESSMENT OF THE EFFICIENCY OF INTERNAL AUDIT IN THE INTERNAL CONTROL SYSTEM OF THE ORGANIZATION: ON THE EXAMPLE OF THE NATIONAL BANK OF UZBEKISTAN

Abstract

In the context of modern economic and technological development, effective risk management and ensuring financial stability have become priority tasks for organizations, especially for large financial institutions such as the National Bank of Uzbekistan. Internal audit plays a crucial role in the internal control system, contributing significantly to the transparency of processes, optimization of operations, and risk mitigation. This article focuses on evaluating the effectiveness of internal audit at the National Bank of Uzbekistan, with particular emphasis on the interaction between internal audit and other departments of the organization, as well as methods for assessing and improving the internal audit function. Based on the analysis of existing data and calculations, recommendations are made for enhancing internal control methods and improving the effectiveness of internal audit, considering the digitalization and automation of processes in the financial sector