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Abstract
This article examines the transition of the internal audit system in budget organizations of Uzbekistan from a traditional (reactive) model toward a risk-based and proactive methodology. The study aims to refine the criteria for risk identification, assessment, and prioritization; to develop a system of key risk indicators (KRIs) for budget-discipline violations and financial risks; and to design an integrated model that combines financial materiality, probable impact, and control weakness when selecting internal audit topics. The methodology relies on a comparative analysis of the COSO, IIA, and INTOSAI/ISSAI normative frameworks, expert assessment, and the construction of a multi-criteria weighted model. The results propose an integrated risk index uniting the three criteria, a 5×5 risk matrix, a four-cluster KRI dashboard, and a closed-loop proactive audit cycle based on continuous monitoring. The findings contribute to improving the efficiency of budget spending, directing audit resources toward the highest-risk areas, and strengthening financial discipline.
References
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Copyright (c) 2026 Saitmuratov, S.M. (Muallif)