Strengthening the annual financial statements of the banks

Troaca, Victor and Troaca, Mihaela-Elvira (2008): Strengthening the annual financial statements of the banks.

Abstract

Strengthening of the annual financial statements of companies that are in some cases explicitly regulated is a legal obligation stemming on the part of international practice and on the other side of prudential requirements and supervision. Specificity and impact on the banking, financial and economic environment, coupled with the trend of globalization of banking, requires more than paying special attention to strengthening of the annual financial statements of the banks. On paper, there are presented a series of issues related to the strengthening of the annual financial statements of the banks which are Romanian legal entities.

• Item Type: MPRA Paper
• Language: English
• Keywords: Bank/ Financial situations consolidation/ Regulation/ Strengthened report/ Audit
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting; G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

References

1.Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions, OJ L 372, 31.12.1986, www.eur-lex.europa.eu

2.Directiva a IV-a a Comunităţilor Economice Europene 78/660/CEE din data de 25 iulie 1978 privind conturile anuale ale anumitor tipuri de societăţi comerciale, JO al al Uniunii Europene nr. L 222 din 14 august 1978, cu modificările şi completările ulterioare, www.eur-lex.europa.eu

3.Ordinul guvernatorului Băncii Naţionale a României nr.5/2005 pentru aprobarea Reglementărilor contabile conforme cu directivele europene, aplicabile instituţiilor de credit, Monitorul Oficial al României, Partea I, nr.1.182 şi nr.1.182 bis din 28 decembrie 2005, cu modificările şi completările ulterioare, www.bnr.ro