Innovation science and technologiy 2-том 4-нөмір (2026)
FEATURES OF AUDIT IN DEVELOPING INVESTMENT LENDING PRACTICES IN COMMERCIAL BANKS
Mirzakhmedov, Jamshid
Аңдатпа
This article investigates the distinctive features of audit as a strategic instrument for developing investmentlending practices in commercial banks, with a focus on the transformation of Uzbekistan’s banking sector since 2017. Ascommercial bank investment portfolios expanded from UZS 22 trillion to over UZS 320 trillion between 2017 and 2024, thequality of audit has emerged as a key determinant of financial system stability. Drawing on Basel III/IV, IFRS 9, InternationalStandards on Auditing (ISA 540 Revised), and the IMF’s 2025 Financial Sector Assessment Program for Uzbekistan, thearticle identifies six principal audit features specific to investment lending: forward-looking expected credit loss (ECL)estimation; collateral valuation integrity; credit risk classification compliance; model risk auditing; internal controls overfinancial reporting; and three-lines-of-defence governance. The study documents a significant audit expectation gap inUzbekistan, where official NPL ratios of 3.5% coexist with restructured loans constituting approximately 15% of totalportfolios.
investment lending, credit audit, IFRS 9, expected credit loss, Basel III, non-performing loans, Uzbekistan, internal audit, audit quality.
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