IMPROVING THE METHODOLOGICAL FRAMEWORK OF LIABILITY AUDITING

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This study explores the modernization and enhancement of the methodological foundations of liability auditing within commercial banks. The research emphasizes the necessity of aligning national accounting and auditing practices with International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA), with particular reference to IAS 37 regarding estimated liabilities. The paper analyzes current challenges in liability recognition, measurement, documentation, and disclosure, and proposes systematic improvements in analytical accounting, risk-based audit procedures, and internal control mechanisms. Additionally, the study highlights the legal and institutional framework supporting reliable liability reporting and outlines a set of practical recommendations aimed at increasing transparency, accuracy, and regulatory compliance in financial audit processes.