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.