AUDIT ISSUES IN COMMERCIAL BANKS AND THEIR DIFFERENCES FROM INTERNATIONAL BANK AUDITING

Abstract

This thesis investigates key audit issues in commercial banks and systematically examines how these differ from auditing practices in internationally operating banks. Drawing on International Standards on Auditing (ISA), Basel Committee guidelines, and FATF recommendations, the study identifies six critical audit challenges in commercial banking — including credit risk provisioning, related-party lending, AML compliance, IT risks, capital adequacy, and going concern — and contrasts the scope, regulatory framework, and methodological requirements of national versus international bank audits. The paper concludes with practical recommendations for strengthening audit quality in commercial banks with reference to international best practices, with particular relevance to emerging economies such as Uzbekistan.