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Audit Cash Confirmation
"Need an Audit Cash Confirmation for our Singapore subsidiary's multiple bank accounts (3 local banks, 2 foreign banks) for the fiscal year ending March 31, 2025, including confirmation of any restricted accounts and foreign currency holdings."
1. Bank Details: Full details of the bank account(s) being confirmed, including account numbers and types
2. Date of Confirmation: Specific date for which the cash balance is being confirmed
3. Balance Confirmation: Explicit statement of the cash balance(s) being confirmed
4. Authorization: Client's authorization for the bank to release information to auditors
5. Bank Officer Declaration: Statement from authorized bank personnel confirming the accuracy of information
1. Restricted Accounts: Details of any restrictions on accounts, including liens or holds on the accounts
2. Other Banking Relationships: Information about other banking services or facilities when client has multiple banking relationships
3. Foreign Currency Accounts: Details of foreign currency balances and applicable exchange rates for foreign currency accounts
1. Schedule A - Account Listings: Detailed list of all accounts being confirmed
2. Schedule B - Authorized Signatories: List of persons authorized to operate the accounts
3. Appendix 1 - Terms and Conditions: Standard terms and conditions for the confirmation process
4. Appendix 2 - Supporting Documents: Copies of relevant bank statements or other supporting documentation
Authors
Audit Period
Authorized Signatory
Balance Confirmation Date
Bank
Banking Facilities
Business Day
Cash Equivalent
Client
Confirmation Letter
Current Account
Deposit Account
Encumbrance
Financial Institution
Fixed Deposit
Foreign Currency Account
Independent Auditor
Lien
Overdraft Facility
Restricted Account
Savings Account
SGD
Statement Date
Supporting Documentation
Time Deposit
Working Day
Balance Confirmation
Bank Details
Confidentiality
Confirmation of Liabilities
Currency Disclosure
Data Protection
Declaration
Execution
Foreign Exchange Rates
Interest Rates
Legal Authority
Limitations of Liability
Notice Requirements
Purpose
Representations and Warranties
Restriction Disclosure
Security Interests
Signature Authority
Statement of Account
Verification Process
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