Subject The article considers the issues related to reports produced by banks. Objectives The aim of the study is to investigate problems of information disclosure by commercial banks under modern conditions to develop measures for improving the information support to credit institutions, supervisory and audit authorities, partners and customers of banks. Methods The study draws on such methods as analysis, synthesis, induction, deduction, comparison, observation, etc. Results The main factor of development and success is adoption of new forms of work with information and upgrading the information and analytical support. Special focus should be on compliance with increasingly complex legislation in the financial sector and in the sphere of information protection, improvement of methods and manner of information disclosure and optimization of produced reports, efficiency of information and analytical support, including through infrastructure cost reduction. Conclusions The system of report preparation is insufficient to ensure transparency and accuracy of financial statements filed by banks. It is crucial to perfect standards and regulatory support to report preparation, to strengthen control on the part of internal audit function, independent audit and financial supervisory authorities.
Keywords: reporting, disclosure, information risk, information and analytical support
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