Banking audit. Bank audit: essence, necessity, significance (the most important)

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Banking audit. Bank audit: essence, necessity, significance (the most important)

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2. Audit of banks: essence, necessity, significance

The profession of an auditor has been known since ancient times. Back in 200 BC. e. quaestors (officials in charge of financial and judicial affairs in the Roman Empire) exercised control over state accountants in the field. The reports of the quaestors were sent to Rome and heard by the examiners. This practice became the basis of the term "auditor". The United Kingdom is considered to be the legislative birthplace of auditing, where laws were first adopted that introduced the obligatory nature of an audit and established requirements for the quality of its conduct.

In Russia, the title of auditor was introduced by Peter I. Auditors in Russia were called sworn accountants. They combined the separate duties of the prosecutor, clerk and secretary.

In modern foreign and domestic practice, audit is interpreted in a variety of ways:

1) The American Accounting Association defines an audit as a systematic process of obtaining and evaluating objective data on economic activities and events, establishing the level of their compliance with certain criteria and presenting the results to interested users;

2) European specialists interpret the audit as a process of reducing information risk to a certain level, i.e. the likelihood that the company's financial statements contain false or inaccurate information for users of the reports;

3) According to Russian auditing standards, an audit is an entrepreneurial activity of an auditor to carry out independent audits of financial statements, payment and settlement documents, tax returns and other financial obligations and requirements of economic entities.

Directions of audit activity:

1) Bank audit;

2) Audit of insurance organizations and mutual insurance companies;

3) Audit of exchanges;

4) Audit of off-budget funds;

5) Audit of investment companies;

6) General audit.

For each direction, a separate certification and licensing for the right to audit is carried out.

Author: Shevchuk D.A.

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