The Role of the External Auditor and the Reduction of Banking Risks Affecting the Continuity of Banks
DOI:
https://doi.org/10.31272/jae.i145.1282Keywords:
External audit, banking risks, continuityAbstract
The research aims to explain the role of the external auditor in reducing banking risks by measuring and evaluating financial risks in the financial statements according to financial indicators and disclosure. It also aims to assess the appropriateness of imposing continuity as a basis for the preparation of such lists in the sample of Iraqi banks listed on the Iraq Stock Exchange.
In this research, we address the theoretical framework of banking risks and their types, their impact on banking activity, indicators measuring banking risks, the responsibility of the external auditor in monitoring banking risks, and verification of the imposition of continuity.
The research tools focused on studying the banks ' financial statements, researching and measuring the risks of capital adequacy, liquidity ratio (LCR), and stable financing ratio (NSFR), introducing an audit program based on banking risks, and achieving the imposition of continuity banks.
The most important conclusions of the research were that banking risks are the expected dangerous events and conditions that affect the bank's activity as a continuous company, which should be monitored and reduce the effects of its activity, and the most critical recommendations were the need to establish risk management courses to provide the staff working in banks with full knowledge of the mechanism of dealing with.
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[3] Chen, y. (2023). the impact of macroeconomic factors on bank credit risk. Proceedings of the 2nd international conference on financial technology and business analysis, (pp. 79-84). DOI: https://doi.org/10.54254/2754-1169/53/20230799
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[5] Isa, i. (2018). continuity 570. London: international arab society of Certified Accountants (Casca).
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