ORGANIZATION OF INTERNAL AUDIT AND CONTROL OF EXTRA-BUDGET FUNDS IN HIGHER EDUCATION INSTITUTIONS

Abstract

In international practice, special attention is paid to organizing the activities of higher education institutions in accordance with the laws of market relations, on the basis of their financial, organizational management and academic independence. On the other hand, the quality of personnel trained through the formation of competition among HEIs plays an important role in the attraction of extra-budgetary financial resources by providing additional paid services based on the scientific potential and material and technical base of the institution. Due to the effective use of extra-budgetary funds attracted by educational institutions through their existing material, technical and scientific potential, it serves to ensure the quality of education and the efficiency of the services provided in universities, and to create an environment of mutual competition. In this case, it is necessary to use every soum of funds earned or attracted by OTMs wisely. Also, in higher education institutions, through the internal audit and financial control system, control of budget and extra-budgetary funds, providing unbiased, reliable and independent information for the university management, and wide use of advanced foreign experiences, as well as researching the theoretical and methodological aspects of researching these processes requires reaching. Therefore, it is important to develop recommendations and proposals for their elimination based on the identification of existing problems in the organization of internal audit and control of extra-budgetary funds.