EVALUATION OF INCOME, EXPENDITURE ACCOUNTING AND INTERNAL AUDIT IN HIGHER EDUCATION INSTITUTIONS BASED ON ECONOMETRIC MODELS

Abstract

In the current modern economic environment, ensuring the financial stability of higher education institutions, diversifying their sources of income, and effectively and purposefully managing expenditures have become matters of paramount importance. The accuracy of financial reporting, analysis of expenditures and revenues, and strengthening of internal audit activities in higher education institutions are key factors in improving the efficiency and accountability of these institutions. The use of econometric models in this context allows for the identification of relationships between financial indicators, analysis of the structure of expenditures, and the scientific assessment of how budgets are formed. Statistical and mathematical methods also play an important role in analyzing and evaluating the effectiveness of internal audit processes. In national higher education institutions, evaluating the interrelationship between income and expenditures is a key criterion for ensuring financial stability and effectively allocating resources, as well as for shaping future development strategies. These evaluation criteria help optimize growing expenditures in higher education, form resource allocation models, and support sound decision-making. The interdependence of factors affecting income and expenditures in higher education institutions highlights the need for comprehensive strategies in addressing financial challenges and in carrying out both institutional and individual financial operations.