Selected problems in auditing the financial statements of credit institutions

• Main Author: Joanna Wielgórska-Leszczyńska
• Format: Article
• Language: English
• Published: Rada Naukowa SKwP 2016-07-01
• Series: Zeszyty Teoretyczne Rachunkowości
• Subjects: ekspozycje kredytowe; instytucja kredytowa; odpisy z tytułu utraty wartości; badanie sprawozdania finansowego; zabezpieczenie kredytu; credit institution
• Online Access: http://ztr.skwp.pl/gicid/01.3001.0009.2869

The article presents issues deserving special attention in the area of auditing the financial statements ofcredit institution. Without a doubt, these are the financial instruments, including credit exposures. To properly audit these instruments it is required to verify the accuracy of the valuation. Such verification in the case of credit exposures is preceded by appropriate category qualification followed by impair-ment write-off determined considering the established security. Thus, the audit process is complex and requires assessment by the auditor of exogenous and endogenous factors affecting the operation ofcredit institutions.