Innovation science and technologiy Volume 4 Issue 9 (2026) · pp. 8-13
ECONOMIC ESSENCE AND CLASSIFICATION OF FINANCIAL ERRORS AND IRREGULARITIES IN BUDGET ORGANIZATIONS AND CRITERIA FOR THEIR INTERNAL AUDIT ASSESSMENT
Mulayev, Farxod
Abstract
The article examines the economic essence of financial errors and irregularities arising in budget organizations,their classification from the perspective of internal audit, and the criteria for their evaluation. International auditing standards(ISA 240, ISA 450, ISSAI 400 and 4000) and national legal acts are comparatively analysed, and the boundariesbetween the notions of “financial error”, “irregularity”, “material misstatement”, and “fraud” are clarified. As a result, aninternal audit classification based on the criteria of intent, legality, unlawful benefit, financial impact, and legal consequencesis developed, together with an algorithm for distinguishing these categories in practice.
budget organization, internal audit, financial error, irregularity, material misstatement, fraud, materiality, classification criteria, budgetary discipline, audit evidence.
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