The particulars of audit of banks
|Author:||Mgr. Petra Kytlicová|
|Year:||2005 - summer|
|Leaders:|| Ing. Marie Kučerová
|Work type:|| Finance and Banking
|Awards and prizes:|
|Abstract:||The objective of this thesis is to get the understanding of the function of audit in one of the most specific branch – banking – in its integrity but also in its approach, which is based on covering the main risks related to banking. Firstly I analysed the banking sector and its risks, then I focused on the course of audit in a bank and most importantly on the analysis of its particulars comparing to the audit in non-banking companies. Further, the thesis concerns with the question why does the attitude to audit of banks differ to the audit of non-banking companies and what can be the extent of services offered to a bank by its auditor.
The analysis is supplemented by the theme cooperation of auditors with bank supervision of ČNB and internal auditors, their relationships, diversion of responsibilities and possibility to improve their current cooperation. Finally I outlined new trends in audit of banks and its possible development, above all the IFRS adoption related to entering the Czech Republic in the EU.