THE ROLE OF ACCOUNTING AND INTERNAL CONTROL SYSTEMS IN ENSURING THE QUALITY OF FINANCIAL REPORTING IN HIGHER EDUCATIONAL INSTITUTIONS
Keywords:
liabilities accounting, internal control, financial reporting,, higher education, transparency, UzbekistanAbstract
This article examines the role of liabilities accounting and internal control systems in ensuring the quality of
f
inancial reporting in Uzbekistan’s higher education institutions (HEIs). The study investigates the impact of liabilities
accounting on the accuracy and transparency of reports and the significance of internal control systems in optimizing
financial processes. A mixed-methods approach was employed, combining qualitative analysis (of regulatory
documents and HEI records) and quantitative analysis (of financial metrics from 5 HEIs over 2020–2024). Findings
indicate that accurate liabilities accounting and effective internal control systems enhance reporting quality, yet
challenges such as insufficient staff qualifications, infrastructure limitations, and regulatory inconsistencies persist.
The article provides practical recommendations for improving financial management in HEIs.
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