Archives - Accounting and Auditing
-
29 March 2017 Regulatory treatment of accounting provisions – interim approach and transitional arrangements
This BCBS document sets out the interim regulatory treatment of accounting provisions and the transitional arrangements. -
18 December 2015 Guidance on credit risk and accounting for expected credit losses
This document sets out supervisory guidance on sound credit risk practices associated with the implementation and ongoing application of expected credit loss (ECL) accounting frameworks. -
4 December 2015 International Standards on Auditing (ISA)
International Standards on Auditing (ISAs) are professional standards that deal with the independent auditor's responsibilities when conducting an audit of financial statements. ISAs contain objectives and requirements together with application and other explanatory material. -
16 November 2015 System of National Accounts
The System of National Accounts (SNA) is the internationally agreed standard set of recommendations on how to compile measures of economic activity in accordance with strict accounting conventions based on economic principles. -
31 March 2014 External audits of banks
This document describes supervisory expectations regarding audit quality and how that relates to the work of the external auditor and of the audit Committee in a bank. -
17 July 2013 Principles for Financial Benchmarks
An overarching framework containing guidance and principles for Benchmark-related activities that will address conflicts of interest in the Benchmark-setting process, as well as transparency and openness when considering issues related to transition. -
7 May 2013 Principles for the Valuation of Collective Investment Schemes
This document outlines a set of 11 principles for the valuation of Collective Investment Schemes (CIS) and are intended to be a basis against which both the industry and regulators can assess the quality of regulation and industry practices concerning CIS valuation. -
28 June 2012 The internal audit function in banks
This revised supervisory guidance for assessing the effectiveness of the internal audit function in banks forms part of the Committee's ongoing efforts to address bank supervisory issues and enhance supervision through guidance that encourages sound practices within banks. It takes into account developments in supervisory practices and in banking organisations and incorporates lessons drawn from the recent financial crisis. -
1 April 2009 Supervisory guidance for assessing banks' financial instrument fair value practices
The principles in this document promote strong governance processes around valuations; the use of reliable inputs and diverse information sources; the articulation and communication of valuation uncertainty to internal and external stakeholders; the allocation of sufficient banking and supervisory resources to the valuation process; independent verification and validation processes; consistency in valuation practices for risk management and reporting purposes, where possible; and strong supervisory oversight around bank valuation practices. -
14 June 2006 Supervisory guidance on the use of the fair value option for financial instruments by banks
This document was issued to provide supervisors with guidance on the prudential supervision of banks' implementation of the fair value option.