Banking audit. Audit of bank dealer activities (most important)

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Banking audit. Audit of bank dealer activities (most important)

Lecture notes, cheat sheets

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44. Audit of dealer activity of the bank

Operations for the purchase and sale of securities on their own behalf and at their own expense are reflected by commercial banks on the balance sheet and off-balance sheet section "D" - "Urgent transactions". Credit institutions' investments in long-term liabilities are reflected in accounts 501-507, investments in shares - in accounts 508-511. Commercial banks participating in the government bond market are divided into dealers and investors. The dealer is a commercial bank that has entered into an agreement with the Central Bank of the Russian Federation to perform the functions of servicing operations with bonds.

In addition, the dealer must conclude an agreement with MICEX:

1) On participation in the MICEX electronic trading system for transactions with GKOs.

2) On participation in the electronic system of the MICEX depository for the storage and accounting of GKOs.

3) On participation in the system of electronic interbank settlements with the MICEX.

The dealer can conclude transactions both on his own behalf and at his own expense, and on his own behalf, but at the expense and on behalf of the investor. To conduct transactions with GKOs, dealers provide powers and draw them up by power of attorney to individuals - traders.

The main documents that the auditor requests to verify the legality, validity and correctness of the operations of a commercial bank:

1) The balance sheet of a commercial bank at the beginning of the year and on the audit reporting date.

2) Monthly balance sheets.

3) Statement of balances for accounts of the second order to account 501-508.

4) Journals of personal accounting by types and issues of government bonds.

5) Journals of turnover on operations with government bonds.

6) Journal of consolidated results of operations with bonds.

7) Applications of commercial banks in the trading system for the purchase and sale of securities for the period under review.

8) Extracts from the registers of transactions with securities on the MICEX for the period under review.

9) Order of the accounting department of the securities department on the reflection of ongoing transactions with government securities on the accounts.

10) Registers of analytical accounting and documents for commercial banks on a sample.

Audit of dealer operations includes:

1) Verification of the existence of an agreement with the Central Bank of the Russian Federation and the MICEX.

2) Checking the powers of traders.

3) Confirmation of the reliability of accounting for investment transactions.

4) Checking the balance sheet of results on the OSM based on the results of operations in the market.

5) Confirmation of the reliability of attributing to the account of income or expenses the balance of accumulation of interest or coupon income.

6) Checking the availability of analytical accounting registers.

7) Checking the consistency of synthetic and analytical accounting data.

8) Assessment of the quality of the formed portfolio of securities.

9) Checking the availability and compliance of the accounting on the DEPO account of the purchased securities.

10) Checking the correctness and timeliness of opening an account, including the investment and trading portfolio of a commercial bank.

Author: Shevchuk D.A.

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