Basic Fundamentals of the Interrelationship Between International Auditing Standards and Auditing Strategy in Bank Auditing

The article examines the relationship between the principles of the International Standards on Auditing (ISAs) in bank auditing - independence, professional judgment, professional skepticism and public interest - and the audit strategy. The specific features of the formation of accounting and financial reporting in commercial banks are identified; a qualitatively different approach to determining the level of materiality in bank auditing is based on a qualitative rather than a quantitative approach.