Reporting Internal and External

  • T. H. Donaldson


Well run banks provide more against bad debts than regulators require and sometimes more than tax authorities accept. Nevertheless regulators and tax authorities affect the way banks generally recognise problem loans. Unfortunately they often put opposing pressures on the banks. Regulators should want banks to recognise, and disclose, doubtful loans. Tax authorities want to keep the amount deducted from taxable profits to a minimum. Banks could provide against loans which are unacceptable to the tax authorities, but in practice they rarely do.


Large Bank Small Bank Loan Portfolio External Auditor Taxable Profit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© T.H. Donaldson 1986

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  • T. H. Donaldson

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