Audit & Assurance Services
Independent, technology-enabled assurance under International Standards on Auditing (ISA) and IFRS. Strengthening financial governance, regulatory compliance, and stakeholder trust in Uzbekistan and Central Asia.
TOP 10 GLOBAL NETWORK • AUDIT & ASSURANCE
Independent Financial Audit Grounded in Global Rigor & Local Insight
At Crowe TAC, an independent member of Crowe Global, we view the audit process not merely as a regulatory requirement, but as a strategic catalyst for institutional trust, risk mitigation, and enterprise value. We deliver rigorous, transparent assurance that meets the highest expectations of shareholders, commercial banks, international financial institutions, and regulators in Uzbekistan.
Our audit methodology strictly aligns with International Standards on Auditing (ISA) and IFRS frameworks, backed by the proprietary tools of the Crowe Global Audit Centre. Combining partner-led project delivery with profound mastery of Uzbekistan’s regulatory and tax landscape, our teams deliver actionable insights that reinforce internal controls, eliminate compliance vulnerabilities, and support long-term investment attractiveness.
Financial Statement Audit (NAS/IFRS)
- Statutory and voluntary audits under International Standards on Auditing (ISA) and National Accounting Standards (NAS).
- IFRS financial statements audit and group consolidation for parent HQs and foreign investors.
- Independent review engagements for commercial banks, bond issuances, and listing procedures.
- Pre-investment audit & Due Diligence for M&A transactions and capital restructuring.
- Issuance of Comfort Letters and specialized assurance reports.
Tax Audit
- Comprehensive tax health checks to identify liabilities and risks before statutory tax audits.
- Assessment of tax incentives & preferences (including IT Park, Free Economic Zones, and export benefits).
- Cross-border tax compliance audit and review of non-resident payments under Double Tax Treaties (DTT).
- Transfer pricing audit and intercompany transaction risk analysis.
- Tax risk assessment for corporate restructuring, mergers, and capital transactions
Outsourcing of Internal Projects
- Full-scope internal audit co-sourcing and outsourcing for enterprise boards and audit committees.
- Evaluation of internal control systems and compliance with COSO / ISO governance frameworks.
- Corporate fraud risk assessment, forensic reviews, and loss prevention strategies.
- IT General Controls (ITGC) audit, data access segregation, and ERP integrity reviews (1C, SAP, Oracle).
- Regulatory compliance monitoring and anti-money laundering (AML/CFT) policy reviews.
Operational Audit
- Procurement and tender process audit to eliminate cost leakage and enhance supplier transparency.
- Operational efficiency reviews and alignment of business processes with corporate KPIs.
- Supply chain and inventory management audit, identifying operational bottlenecks.
- CAPEX and major investment project monitoring, verifying budget compliance.
- Production cycle and organizational structure optimization for cost efficiency.
Special Purpose & Donor Project Audits
- Confirmation of the accuracy of accounts receivable and accounts payable
- Verification of the targeted use of investments and grants
- Audit of individual reporting items and accounting areas
- Control of operating expenses and cost of production
- Independent inventory of assets and liabilities
Frequently Asked Questions
How does an audit contribute to financial management of my company?
An independent audit provides executive leadership and shareholders with verified financial transparency, eliminates regulatory and tax non-compliance risks, strengthens internal controls, and substantially enhances credibility with commercial banks, rating agencies, and potential investors.
Can an audit help us anticipate financial or management risks?
Yes. The Crowe audit methodology is strictly risk-based. Beyond validating historical figures, we identify control deficiencies, tax exposure, cost leakages, and operational vulnerabilities, delivering actionable Management Letters with recommendations to mitigate risks proactively.
Can Crowe help us implement improvements after the audit?
While maintaining professional independence rules under IFRS/ISA standards, our multidisciplinary advisory and tax teams can support your organization in optimizing internal controls, transitioning to IFRS reporting, and refining corporate governance frameworks.
Can I order audit services only for specific processes or areas?
Yes. Through Agreed-Upon Procedures (ISRS 4400) and Special Purpose Audits, we can verify specific areas such as inventory counts, accounts receivable/payable, loan covenant compliance, IT security controls, or the targeted use of investment grants.
What is the difference between external and internal audit?
An external statutory audit provides an independent public opinion on whether financial statements fairly reflect financial position under IFRS or NAS for external stakeholders (regulators, lenders, shareholders). Internal audit is an ongoing managerial tool focused on operational efficiency, risk management, and governance controls for the Board and Audit Committee.