BSU bulletin. Economy and Management
Bibliographic description:
DIRECTIONS FOR IMPROVING THE AUDIT OF SECURITIES TRANSACTIONS IN BANKS IN ACCORDANCE WITH INTERNATIONAL STANDARDS // BSU bulletin. Economy and Management. - 2022. №3. . - С. 60-66.
Title:
DIRECTIONS FOR IMPROVING THE AUDIT OF SECURITIES TRANSACTIONS IN BANKS IN ACCORDANCE WITH INTERNATIONAL STANDARDS
Financing:
Codes:
Annotation:
The purpose of the study is to analyze the role of international auditing standards in the regulation of auditing and to identify areas for improving the audit of securities trans- actions in banks. The article addresses international auditing standards and their objectives, which are of particular importance in the audit of financial instruments. At the same time, the interrelationships of International Financial Reporting Standards and International Standards on Auditing are considered as effective tools for the formation of quality financial information. One of the issues that attracts attention in the article is the identification of im- portant trends in the development of internal audit of banks in the environment of digitaliza- tion and change, and tasks that are adequate to modern challenges. The problems raised in the article and the results obtained on the basis of the research can be useful in determining the prospects for the development of the audit, in assessing the feasibility of applying inter- national standards in this area.
Keywords:
audit, banking, financial instruments, securities transactions, internal audit, in- ternational auditing standards, digitization, continuous audit.
List of references:
On Audit Service: Law of the Republic of Azerbaijan of September 16, 1994. Available at: https://audit.gov.az/uploads/Auditor_xidmeti_haqqinda_qanun_eng.pdf (accessed: 08.02.2021).
Bashkatov V. V., Minakov E. R., Sarkisova N. A. Basic Aspects of Accounting and Re- porting of Financial. Vestnik Altaiskoi akademii ekonomiki i prava. 2020; 8: 19–24. (In Russ.)
Vorona M. R., Oleinik M. A. Perekhod na mezhdunarodnye standarty audita v Rossii [Transition to International Auditing Standards in Russia]. Problemy i perspektivy razvitiya ekonomicheskogo kontrolya i audita v Rossii. Proc. VIII All-Russ. scientific and practical con- ference of young scientists. 2019. Pp. 10–15. (In Russ.)
Likhtarova O. V. Problem Recognition and Presentation of Financial Instruments in the Russian Corporate Reporting Companies // Economics and Innovations Management. 2020: 8. P. 5–9. (In Russ.)
Loschenko E. V., Dashkevich P. M., Kazantsev L. V. Automated Control Systems: Op- portunities, Comparison, Development Prospects // System Analysis & Mathematical Model- ing. 2020. V. 2. No. 1. Pp. 54–62. (In Russ.)
Morozova A. A., Kirilina E. V. Problemy i neobkhodimost primeneniya mezhdunarod- nykh standartov v Rossii [Problems and the Necessity of Application of International Standards in Russia]. V mire nauchnykh otkrytii. 2019. V. IV, part 2. Pp. 226–228. (In Russ.)
Rozhnova O.V. Harmonization of Accounting, Auditing and Analysis in a Digital Econ- omy. Accounting. Analysis. Auditing. 2018; 5(3): 16–23. (In Russ.)
Hayali A., Dinc Y., Sarili S., Dizman A.C., Gundogdu A. Importance of the Internet Control System in Banking Sector: Evidence from Turkey. Available at: https://www.lcbr- archives.com/media/files/13fec27.pdf (accessed 12.05.2021).
Bashkatov V. V., Minakov E. R., Sarkisova N. A. Basic Aspects of Accounting and Re- porting of Financial. Vestnik Altaiskoi akademii ekonomiki i prava. 2020; 8: 19–24. (In Russ.)
Vorona M. R., Oleinik M. A. Perekhod na mezhdunarodnye standarty audita v Rossii [Transition to International Auditing Standards in Russia]. Problemy i perspektivy razvitiya ekonomicheskogo kontrolya i audita v Rossii. Proc. VIII All-Russ. scientific and practical con- ference of young scientists. 2019. Pp. 10–15. (In Russ.)
Likhtarova O. V. Problem Recognition and Presentation of Financial Instruments in the Russian Corporate Reporting Companies // Economics and Innovations Management. 2020: 8. P. 5–9. (In Russ.)
Loschenko E. V., Dashkevich P. M., Kazantsev L. V. Automated Control Systems: Op- portunities, Comparison, Development Prospects // System Analysis & Mathematical Model- ing. 2020. V. 2. No. 1. Pp. 54–62. (In Russ.)
Morozova A. A., Kirilina E. V. Problemy i neobkhodimost primeneniya mezhdunarod- nykh standartov v Rossii [Problems and the Necessity of Application of International Standards in Russia]. V mire nauchnykh otkrytii. 2019. V. IV, part 2. Pp. 226–228. (In Russ.)
Rozhnova O.V. Harmonization of Accounting, Auditing and Analysis in a Digital Econ- omy. Accounting. Analysis. Auditing. 2018; 5(3): 16–23. (In Russ.)
Hayali A., Dinc Y., Sarili S., Dizman A.C., Gundogdu A. Importance of the Internet Control System in Banking Sector: Evidence from Turkey. Available at: https://www.lcbr- archives.com/media/files/13fec27.pdf (accessed 12.05.2021).
Article.pdf