Banking audit. Audit of expenses of a credit institution (the most important)

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Banking audit. Audit of expenses of a credit institution (the most important)

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49. Audit of expenses of a credit institution

Bank expenses are classified according to accounts of the 2nd order to account 702 "Expenses". Along with this, in accordance with the requirement of Decree No. 490, bank debit operations are divided into 3 groups:

I) Expenses included in the cost of services provided by banks and taken into account when calculating the tax base for paying income tax. This group includes:

1) Interest paid on loans received (interest on interbank loans, interbranch loans, extended loans). Expenses on attracted loans are taken into account to reduce the taxable base for income tax only within the limits of the discount rate of the Central Bank of the Russian Federation, increased by 3 percentage points. Interest payments exceeding this standard are charged against the profit remaining at the disposal of the bank.

2) Interest paid on deposit accounts and other attracted funds of individuals and legal entities.

3) Expenses on operations with securities.

4) Expenses on transactions with foreign currency (this includes the amount of commission paid on transactions with foreign currency, including currency exchange transactions, transactions on currency exchanges, etc.).

5) Expenses for the maintenance of the administrative apparatus (wages, deductions from the wage fund to off-budget funds, personnel training expenses, compensation of employees for the use of personal vehicles for business trips).

6) Other expenses (rental expenses, subscriptions to periodicals, taxes charged to cost, services provided to banks, travel expenses, hospitality expenses, advertising expenses).

II) Costs attributable to the financial performance of the bank.

This group includes:

1) Local taxes and fees, with the exception of those attributable to cost.

2) Fines, fines, forfeits awarded or recognized by the debtor.

3) Losses from writing off debts not offset by reserves.

4) Negative exchange differences on operations with foreign currency.

5) Losses on operations of previous years identified in the reporting year.

6) Legal costs and arbitration costs.

III) Expenses that are not subject to attribution to expenses included in the cost of services rendered to banks and other expenses taken into account when calculating the taxable base for income tax. These expenses do not reduce the taxable base for income tax and can only be carried out at the expense of the profit remaining at the disposal of the bank.

This group includes:

1) Payments in cash and in kind of certain types of bonuses and material assistance.

2) Capital expenditures, construction of new facilities, expansion and reconstruction of existing ones.

3) The cost of maintaining non-production facilities.

4) Dividends paid to shareholders, shareholders of the bank.

5) Contributions to non-state pension funds for voluntary insurance of employees.

6) Expenses associated with the opening of branches and representative offices.

7) The amount of penalties paid to the budget.

Author: Shevchuk D.A.

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