The role of external audits in strengthening corporate governance: a case study of aloqabank

Rustamov Muhammadyusuf Madaminjon ugli, Indah Fitriani, SE.,, Dr. Aristanti Widyaningsih, S.Pd.

Innovation science and technologiy · 2025-yil

Annotatsiya

Corporate governance is a cornerstone of fnancial transparency, especially in transitional economies likeUzbekistan. External audits serve as a critical mechanism to ensure oversight, regulatory compliance, and boardaccountability in commercial banks. This study investigates the influence of external audits on corporate governanceat Aloqabank over a ten-year period (2014–2024). Adopting a quantitative approach, the research examines whetheraudit opinions correlate with improvements in governance indicators, particularly board independence and regulatorycompliance scores. Secondary data from audit reports, annual flings, and corporate disclosures are used to trace changesin governance structures over time. Descriptive statistics, correlation matrices, and regression models are employedto determine if external audit outcomes predict shifts in governance behaviour. The fndings reveal a strong positiverelationship between favourable audit assessments and board independence, suggesting that regular and high-qualityaudits contribute to institutional reforms. Moreover, governance compliance scores have improved in years with morerobust audit opinions, indicating a signalling and corrective effect. The results underscore the strategic role of auditors notonly in fnancial verifcation but also in enforcing governance standards. These insights have implications for regulators,boards, and policymakers seeking to strengthen governance in the Uzbek banking sector.

Maqola ma’lumotlari
MualliflarRustamov Muhammadyusuf Madaminjon ugli, Indah Fitriani, SE.,, Dr. Aristanti Widyaningsih, S.Pd.
JurnalInnovation science and technologiy
NashriyotТошкент давлат иқтисодиёт университети
Nashr sanasi2025-05-30
Jild1
Son5
Betlar126-131
TilIngliz
Ilmiy sohaIqtisodiyot
DOI10.5281/zenodo.17443799
Indeksga qo‘shilgan2026-08-26

DOI: 10.5281/zenodo.17443799 · Maqolaning asl sahifasi

Kalit so‘zlar

Corporate Governance, External Audit, Board Independence, Compliance, Uzbekistan, Aloqabank.

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APARustamov Muhammadyusuf Madaminjon ugli, Indah Fitriani, SE.,, & Dr. Aristanti Widyaningsih, S.Pd. (2025). THE ROLE OF EXTERNAL AUDITS IN STRENGTHENING CORPORATE GOVERNANCE: A CASE STUDY OF ALOQABANK. Innovation science and technologiy, 1(5), 126-131. https://doi.org/10.5281/zenodo.17443799
GOST (OAK)Rustamov Muhammadyusuf Madaminjon ugli, Indah Fitriani, SE.,, Dr. Aristanti Widyaningsih, S.Pd. THE ROLE OF EXTERNAL AUDITS IN STRENGTHENING CORPORATE GOVERNANCE: A CASE STUDY OF ALOQABANK // Innovation science and technologiy. – 2025. – T. 1, № 5. – P. 126-131. – DOI: 10.5281/zenodo.17443799.
MLARustamov Muhammadyusuf Madaminjon ugli, Indah Fitriani, SE.,, and Dr. Aristanti Widyaningsih, S.Pd. “THE ROLE OF EXTERNAL AUDITS IN STRENGTHENING CORPORATE GOVERNANCE: A CASE STUDY OF ALOQABANK.” Innovation science and technologiy, 1(5), 126-131, 2025. https://doi.org/10.5281/zenodo.17443799
ChicagoRustamov Muhammadyusuf Madaminjon ugli, Indah Fitriani, SE.,, and Dr. Aristanti Widyaningsih, S.Pd. “THE ROLE OF EXTERNAL AUDITS IN STRENGTHENING CORPORATE GOVERNANCE: A CASE STUDY OF ALOQABANK.” Innovation science and technologiy, 1(5), 126-131 (2025). https://doi.org/10.5281/zenodo.17443799
HarvardRustamov Muhammadyusuf Madaminjon ugli, Indah Fitriani, SE.,, and Dr. Aristanti Widyaningsih, S.Pd (2025) ‘THE ROLE OF EXTERNAL AUDITS IN STRENGTHENING CORPORATE GOVERNANCE: A CASE STUDY OF ALOQABANK’, Innovation science and technologiy, 1(5), 126-131. https://doi.org/10.5281/zenodo.17443799
BibTeX
@article{rustamovmuhammadyusufmadaminjonugli2025,
  title = {THE ROLE OF EXTERNAL AUDITS IN STRENGTHENING CORPORATE GOVERNANCE: A CASE STUDY OF ALOQABANK},
  author = {Rustamov Muhammadyusuf Madaminjon ugli and Indah Fitriani, SE., and Dr. Aristanti Widyaningsih, S.Pd.},
  journal = {Innovation science and technologiy},
  year = {2025},
  volume = {1},
  number = {5},
  pages = {126-131},
  doi = {10.5281/zenodo.17443799},
  url = {https://doi.org/10.5281/zenodo.17443799}
}

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