Auditor’s verification of a management report: implementation of European experience in Ukrainian banks in crisis conditions

  • 253 Views
  • 21 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License

The research is devoted to the analysis of the European and Ukrainian experience of banks’ management report audit assurance, the disclosure of the national features of such assurance using the case study of 75 state-owned banks, banks with private and foreign capital in Ukraine, and the specific features of audit verification of this report in the current crisis conditions. It was discovered that the requirements of national regulatory documents and guidelines for preparing a management report for banking institutions generally comply with the European approaches, particularly with Directive 2014/95/EU, Directive 2013/34/EU, and Directive 2014/56/EU (Legislation of EU, 2013, 2014). However, specific national requirements for the content of the report and the procedure for its audit are duplicated, intersect, and create inaccuracies in the disclosure of non-financial information by banks. Besides, the requirements for the reflection of the information on the management report in the independent auditors’ report of the studied banks of Ukraine are partially met. The common challenges for accounting and audit support for the management report for Ukrainian and European banks are disclosed in terms of the current crisis caused by global health risks and their economic consequences for banks.

view full abstract hide full abstract
    • Table 1. National approaches to the transposition of EU Directives on the audit of a management report by member countries
    • Conceptualization
      Inna Makarenko
    • Investigation
      Inna Makarenko
    • Methodology
      Inna Makarenko
    • Project administration
      Inna Makarenko
    • Supervision
      Inna Makarenko
    • Writing – review & editing
      Inna Makarenko
    • Data curation
      Serhiy Makarenko
    • Resources
      Serhiy Makarenko
    • Validation
      Serhiy Makarenko
    • Visualization
      Serhiy Makarenko
    • Writing – original draft
      Serhiy Makarenko