"ONLINE - CONFERENCES" PLATFORM

Available online 3 March 2025, 1279

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AUDIT OF DERIVATIVE FINANCIAL INSTRUMENTS IN ACCORDANCE WITH ISA

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Abstract

Guidelines for planning and performing audit procedures with respect to the statements on the basis of which the financial statements relating to derivative financial instruments are presented are provided by the Regulation on International Auditing Practices (IAPC)  No. 1012 "Audit of derivative financial instruments". The nature of derivative financial instruments is becoming more complex,their use is becoming more common, and the requirements for accounting for these instruments with fair value and other information provided in the financial statements are unstable, most often the company's management underestimates the risks associated with the use of derivative financial instruments.

Keywords

interest rates
exchange rates
share prices
commodities

Declarations

Conflict of Interest Statement

The author (s) declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest.

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Cite this article as:

Turaev Abdurakhim Nortojievich, & Mamadaliev Bekzodbek Abdusalomovich. (2023). AUDIT OF DERIVATIVE FINANCIAL INSTRUMENTS IN ACCORDANCE WITH ISA. "ONLINE - CONFERENCES" PLATFORM, 173–175. Retrieved from https://papers.online-conferences.com/index.php/titfl/article/view/1279
  • Submitted
    13 July 2023
  • Revised
    13 July 2023
  • Published
    12 July 2023