Bank Audit Conducting Procedures: Overview of Major Auditors and Key Processes
Generated from prompt:
Bank audutini o'tkazish tartiblari
This presentation outlines bank audit conducting procedures, featuring overviews of Big Four firms KPMG and PwC with global stats on employees, countries, and revenue. It covers Supreme Audit Institutions for public sector oversight and details the workflow from planning and internal controls to substantive testing, reporting, and follow-up, ensuring financial accuracy, compliance, and public trust.
Slide 2 - Presentation Agenda
- Introduction to Bank Audits
- Big Four Accounting Firms
- KPMG Overview
- PwC Overview
- Supreme Audit Institutions
- Key Audit Procedures
- Conclusion
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Photo by Mad Fish Digital on Unsplash
Slide 3 - Global Scale of Big Four Auditors
- 275k: KPMG Employees
- 370k: PwC Employees
- 145: KPMG Countries
- 149: PwC Countries
- $55.4B: PwC Revenue
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Photo by Andrew Stutesman on Unsplash
Source: Wikipedia: KPMG, PwC
Slide 4 - KPMG Overview
- Headquartered in London, England
- Big Four firm with EY, Deloitte, PwC
- 46 firms in 145 countries, 275,288 employees (Dec 2024)
- Formed 1987: KMG merged with Peat Marwick
- Divisions: financial audit, tax, consulting
Source: Wikipedia: KPMG
Slide 5 - PwC Overview
- London-based, second-largest network
- 370,000 people in 149 countries (FY2024)
- US$55.4B revenue: Assurance $19.5B, Tax/Legal $12.6B, Advisory $23.3B
- Formed 1998: Coopers & Lybrand + Price Waterhouse
- Rebranded to PwC in 2010
Source: Wikipedia: PwC
Slide 6 - Supreme Audit Institutions
- Independent national bodies auditing government
- Monitor public funds use and financial reporting
- Aid anti-corruption efforts
- Names: court of audit, auditor-general, board of audit
- Nearly all members of INTOSAI (INTOSAI standards)
Source: Wikipedia: Supreme audit institution
Slide 7 - Bank Audit Procedures Workflow
| Phase | Key Activities |
|---|---|
| Planning | Risk assessment, materiality determination, audit plan |
| Internal Controls | Testing design and effectiveness of controls |
| Substantive Testing | Verification of account balances, transactions |
| Reporting | Audit opinion, management letter |
| Follow-up | Recommendations implementation |
Slide 8 - Visualizing Bank Audit Process
- Comprehensive process ensures accuracy
- Involves major firms like KPMG, PwC
- SAIs for public sector oversight
- Adheres to international standards
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Photo by Mark Fletcher-Brown on Unsplash
Slide 9 - Conclusion
Bank audits conducted by firms like KPMG & PwC, and SAIs, follow structured procedures to safeguard financial accuracy, compliance, and public trust.
Questions? Thank you!
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Photo by Kun Liu on Unsplash
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