Abstract:
In the context of globalization, proper regulation of audit procedures requires multilateral international
cooperation in order to carry out supervisory reform that ensures the stability of the banking system, its efficient
functioning, the creation of a competitive environment and the reduction of risks. These above mentioned
problems in the banking sector can be solved through the improvement of accounting systems and joint practical
activities with foreign partners. The requirements for quality control of audit services are set by international
auditing standards as well as local legislation. The article discusses the problems, tasks, opportunities and positive
results related to the implementation of EU standards. Conclusions have been drawn up to assess the quality of an
external audit of the bank and to improve its supervisory policy.
Description:
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