Document background
The Account Balance Confirmation Letter is a critical document used in Danish banking and financial services to provide independent verification of account balances at a specific point in time. This document is particularly relevant during annual audits, financial reporting periods, or when required by regulatory authorities. It serves as an essential tool for external auditors conducting their verification procedures and helps ensure compliance with Danish Financial Business Act and accounting regulations. The letter typically includes comprehensive account details, balance information, and requires formal confirmation from both the financial institution and the account holder. It's designed to meet both Danish legal requirements and international audit standards, making it particularly valuable for businesses operating in or with Danish entities.
