Business Commons^™

Proposed Audit Guide : Audits Of Banks;Audits Of Banks; Exposure Draft (American Institute Of Certified Public Accountants), 1981, Nov. 16, American Institute Of Certified Public Accountants. Banking Committee

Statements of Position

This guide has been prepared to assist the independent CPA in examining and reporting on financial statements of commercial banks, savings banks and bank holding companies. Also, it should help officers and directors of banks and other interested persons understand the nature and scope of audits of banks by independent CPAs. In the last decade, many changes have occurred in the banking industry. Bank supervisory authorities have taken substantial steps to improve reporting by banks. Bank holding companies have become a major factor in the industry, and the range of services offered by banking institutions has expanded. The supervisory authorities …