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The entry of Russia's economy in the market - a complicated and controversial process. In modern conditions, when the establishment of economic ties between enterprises is often hampered by a lack of confidence of partners to each other, particularly acute need for reliable economic information, in which all interested parties, without exception, economic turnover, regardless of ownership. It thus became an urgent need for independent monitoring of all commercial structures, and especially banks. As a result, the establishment of market relations, the emergence of large companies and holdings, expanding their spheres of activity, the internationalization of business as a whole is more and more separation of direct owners (the shareholders of companies from the actual governance structures of companies (directors, managers and other executives hired). In carrying out its responsibilities of management companies, banks should periodically prepare financial reports on the work, the credibility of which is checked by external independent experts. Monitoring is an important element of market economy, and operating system as the public, management, and independent controls to provide the necessary information, all levels of management. In recent years begun to develop an independent auditing - Leading form of external financial control. Audit - an independent verification of financial statements or related financial information of the object. If we talk about banking, it is in the process of change. In an effort to improve economic efficiency and improve resource allocation mechanism, the government is taking steps towards creating an atmosphere of openness in the economy, competition and market discipline. Banks, previously heavily regulated, have more autonomy. In order to survive and thrive, bankers have become entrepreneurs, reacting and adjusting to a market economy. This is impossible without greater control over the quality of bank assets, income, accounting procedures and management control. Therefore, the purpose of this work: to characterize the system of external independent monitoring. Show the growing importance of auditing in banking activities, as well as to compare the problem is solved by external and internal audit.