INFORMATION SUPPORT SYSTEM FOR PERFORMANCE AUDIT AND RISK ANALYSIS OF CREDIT INSTITUTIONS

Abstract

This article is devoted to the analysis and audit of the performance of credit institutions and the role of various sources of  information in this process. The authors examine external and internal sources of information used for audit and risk analysis in the banking sector. The article identifies five groups of information sources: regulatory, regulatory and planning, accounting, analytical and non-accounting. Regulatory and legal sources include official documents that regulate the activities of economic entities, such as codes, regulations and audit standards. Regulatory and planning sources include all types of plans and internal standards of credit institutions. Accounting sources of information include accounting, management, tax and statistical data used to prepare and audit financial statements of credit institutions. The authors note that these data are key for performance evaluation and risk analysis. The article also discusses analytical information sources, such as analytical reports and reviews on the compliance of credit institutions. Offaccounting sources include commercial legal acts, contracts and court decisions. Particular attention is paid to the financial statements of credit institutions as the main source of information for analysing their  activities. It is noted that financial statements provide information on changes in financial position, property, risks and performance. According to accounting standards, each credit institution is required to prepare annual financial statements. Summarising, the article identifies the importance of various sources of information in the audit and analysis of the efficiency of  credit institutions and points out their key role in the process of making management decisions.