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Debt Confirmation Letter Audit
"Need a Debt Confirmation Letter Audit for our Singapore manufacturing company confirming a SGD 5 million term loan with DBS Bank, to be provided to KPMG for our March 2025 year-end audit."
1. Letter Header: Company letterhead, date, reference number
2. Addressee Details: Auditor's name, firm, and address
3. Debt Confirmation Statement: Clear statement of outstanding debt amount as of specific date
4. Debt Details: Original amount, interest rate, payment terms, current balance
5. Authorization Statement: Confirmation of authority to issue the letter
1. Security Details: Details of collateral or guarantees when debt is secured by assets or guarantees
2. Payment History: Summary of payment history when requested by auditor or relevant to debt status
3. Covenant Status: Status of any loan covenants when debt agreement includes specific covenants
1. Payment Schedule: Detailed breakdown of payment history and future payments
2. Interest Calculation Schedule: Detailed calculation of interest accrued
3. Security Details Schedule: Detailed list of security or collateral if applicable
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