عنوان انگلیسی مقاله:
Accounting and auditing of credit loss estimates: The hard and the soft
ترجمه فارسی عنوان مقاله:
حسابداری و حسابرسی تخمین زیان اعتباری: سخت و نرم
ScienceDirect- Elsevier- Latin American Journal of Central Banking, 2 (2021) 100027: doi:10:1016/j:latcb:2021:100027
Pablo Pérez Rodríguez
A key goal of financial reporting is to address information asymmetries, which are amplified in the
case of banks given their credit, maturity and liquidity transformation and complex, judgmental
accounting standards dealing with expected credit losses (ECL).
The paper explores the role of bank management in estimating and recognizing ECL, and how
external auditors challenge the resulting figures. Based on analysis of G-SIB disclosures, it concludes that management and auditors tend to prioritize observable and verifiable, hard information
to reduce challenge to their reported estimates and protect against the threat of legal liability.
Emphasis on such information facilitates loss deferral, damaging the reliability of banks’ financial
reporting, obscuring their safety and soundness picture and jeopardizing financial stability.
Based on these conclusions, the paper seeks to open a new path to the research and policy analysis of credit loss recognition, introducing proposals to address the procyclicality of credit loss
accounting by tackling inappropriate incentives that decouple risk taking from its translation onto
banks’ financial statements.
keywords: انتظارات اعتباری انتظار می رود | عدم تقارن اطلاعات | افشای | عوارض جانبی | ثبات اقتصادی | پروسیکیت | Expected Credit Losses | Information asymmetries | Disclosures | Externalities | Financial stability | Procyclicality