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The Audit Confirmation Letter is a crucial document in the Philippine audit process, utilized when independent auditors need to verify their client's financial information with external parties. This document type is essential for maintaining audit integrity and compliance with Philippine regulatory requirements, including the Philippine Accountancy Act and Securities Regulation Code. Audit Confirmation Letters typically include details about account balances, loans, investments, or other financial arrangements that require third-party verification. The document must be drafted in accordance with Philippine Standards on Auditing (PSA) and often contains sensitive financial information protected under the Data Privacy Act of 2012. It serves as a formal communication channel between auditors and third parties, helping to ensure the accuracy and reliability of financial statements while maintaining professional standards and legal compliance.

1. Letterhead and Date: Auditor's firm letterhead and current date of the letter

2. Recipient Details: Full name, title, and address of the recipient (usually a bank, creditor, or business partner)

3. Subject Line: Clear indication that this is an audit confirmation request, including the client's name and the period under audit

4. Opening Paragraph: Introduction identifying the auditor, the client being audited, and the purpose of the confirmation request

5. Authorization Reference: Reference to the client's authorization to release information

6. Information Request: Specific details of what information needs to be confirmed (e.g., account balances, loans, investments)

7. Response Instructions: Clear instructions on how and where to send the confirmation response

8. Confidentiality Statement: Statement about the confidential nature of the information and its intended use

9. Deadline: Specified timeframe for responding to the confirmation request

10. Closing and Signature: Professional closing, signature block with auditor's name, designation, and firm details