The article addresses amendments in statutory documents regulating accounting reports and financial statements of credit institutions, related to accounting treatment and fair value measurement of securities and derivative financial instruments. The author presents and discusses specific features of audit of banking accounting reports and financial statements for 2014, including interim accounting reports and financial statements. The publication is focused on selecting techniques of fair value measurement, as well as on their reliability and reasonableness. Recommendations are suggested for audit milestones.
Subject to review is the genesis and current understanding of concepts to support capital, rules to apply the concepts and outlines for their development.
ZUBOVA E.V., PATARAYA G.E.
This article covers one of the fundamental aspects of auditing - the auditor's communication with those charged with governance. The publication also highlights issues that should be resolved by the auditor when performing agreed upon procedures under FAS No. 30 «Agreed Upon Procedures regarding Financial Information».
The publication examines requirements for management information, emphasises criteria for effective accounting and analytical framework for the financial controlling and budgeting process, analyses approaches to applying and understanding the criteria, distinguishes and analyses the judgmental factor.
The article covers accounting system models currently applied worldwide and how they are affected by national culture and traditions.
The article deals with description of business processes and operating procedures of entities when export transactions are executed, for internal controls purposes. Based on a process approach, the publication considers basic risks associated with export transactions and suggests how to document and assess risks in internal controls when export transactions are executed.
The article explains why it is necessary to prepare explanatory notes to the balance sheet and income statement. Furthermore, requirements are listed both for setting up explanatory notes and for compiling data included into this component of the financial statements. This publication also focuses on the auditor's obligations to consider completeness and correctness of disclosures in the explanatory notes in the financial statements.
The article considers current issues of preparing corporate reporting and provides recommendations on selecting key financial and non-financial indicators which enable a company itself and all stakeholders to assess its sustainable development.
Данная публикация - это рецензия на монографию Азарской М.А. «МЕТОДОЛОГИЯ АУДИТА И РАЗВИТИЕ МЕТОДИЧЕСКОГО ОБЕСПЕЧЕНИЯ ЕГО КАЧЕСТВА». Автор данной рецензии - М.В. МЕЛЬНИК, заслуженный деятель науки РФ, доктор экономических наук, профессор кафедры аудита и контроля Финансового университета при Правительстве Российской Федерации