The Need for Improved Control of Banks on Financial Statement Presentation

Belova Inna V. (), Koreneva Oksana G. () and Sysoeva Larisa Yu. ()
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Belova Inna V.: Ukrainian Academy of Banking of the National Bank of Ukraine
Koreneva Oksana G.: Ukrainian Academy of Banking of the National Bank of Ukraine
Sysoeva Larisa Yu.: Ukrainian Academy of Banking of the National Bank of Ukraine
Authors registered in the RePEc Author Service: Inna V. Bielova and Oksana Korenyeva

Business Inform, 2013, issue 1, 239_245

Abstract: The article investigates the consequences of distorted reporting of Ukrainian banks. The financial statements of liquidated Ukrainian banks, in which was introduced the temporary administration, was analyzed. Revealed that compiled financial reporting in the liquidated banks do not fully disclosed their real financial statement. The necessity of improving of the system for control the transparency and quality of financial reporting in banks is formulated. The practical tools of the influence measures implementation by the supervisory authorities for banks which violate the NBU requirements in the disclosure of financial reporting, are proposed.

Keywords: bank; financial reporting; control; banking supervision (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:idp:bizinf:y:2013:i:1:p:239_245

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