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GS 016 (June 2010) Guidance Statement GS 016 Bank Confirmation Requests Issued by the Auditing and Assurance Standards Board Obtaining a Copy of this Guidance Statement This Guidance Statement is.

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An audit confirmation letter is an inquiry sent by the auditor to a third party to establish the contents of the accounting records of the entity that is being audited.

During the course of an audit, you may hear your auditors refer to something called a “confirmation letter.” This is a letter that your auditor will send out to third parties, such as banks or suppliers, asking them to confirm certain financial information.

02 "Bank confirmation request" means a request of a bank to provide independent confirmation for audit purposes of such information as the entity's account balances, securities, treasury management instruments, documents and other related information held by the bank on behalf of the entity.

It is a certificate required by auditors in forming an opinion on the company's annual financial statements or carrying out another kind of audit in the company.

The Bank Statement is a normal statement which you can download online from your banking with the detailed information of your transactions for a specific period. When the Bank Certificate/Letter is issued only by the bank after requesting it in person.

The focus of a bank or credit union audit is on compliance. Its purpose is to discover if the institution's financial activities are accurate, legitimate, and complete. Its primary goal is to provide an independent evaluation of the bank's activities, controls, and information systems.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232