The Audit Balance Confirmation Letter is a crucial document in the Philippine audit process, used to verify the accuracy and existence of financial balances, transactions, or arrangements between the audited entity and external parties. This document type is mandated by Philippine Standards on Auditing, particularly PSA 505 on External Confirmations, and is essential for maintaining audit quality and reliability. The letter is typically issued during the course of an external audit and requires careful preparation to ensure it meets both regulatory requirements and professional standards. It serves as a key audit evidence tool, helping auditors fulfill their verification responsibilities while complying with Philippine accounting and auditing regulations.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Letter Header: Includes auditor's letterhead, date, and recipient's complete address
2. Salutation: Formal greeting addressing the appropriate person or department
3. Introduction: Identifies the audit client, purpose of the confirmation request, and relevant date of balances being confirmed
4. Balance Details: Specific account balances or information being confirmed, clearly stated with amounts and dates
5. Request for Confirmation: Clear instructions on what needs to be confirmed and how to respond
6. Confidentiality Statement: Statement regarding the confidential nature of the confirmation process
7. Response Instructions: Detailed instructions on how and where to send the response, including deadline
8. Closing: Professional closing with auditor's signature, name, and firm details
1. Additional Information Request: Optional section requesting supplementary information such as collateral details, interest rates, or other relevant account information
2. Authorized Signatory Section: Additional section for cases where multiple signatures are required for verification
3. Disclaimer Section: Optional legal disclaimers specific to certain types of confirmations or industry requirements
4. Language Translation: Dual-language format when dealing with international entities or regional requirements
1. Account Details Schedule: Detailed listing of specific accounts, balances, and relevant dates being confirmed
2. Authorization Letter: Client's authorization letter permitting the bank/entity to release information to auditors
3. Reply Form: Standardized form for the recipient to complete and return with the confirmed information
4. Supporting Documents Checklist: List of additional documents requested or required for complete confirmation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Insurance
Manufacturing
Retail
Real Estate
Technology
Healthcare
Energy & Utilities
Telecommunications
Construction
Education
Non-Profit Organizations
Professional Services
Hospitality
Relevant Teams
Audit
Finance
Accounting
Treasury
Compliance
Risk Management
Internal Control
Financial Reporting
Corporate Finance
Relevant Roles
External Auditor
Audit Manager
Audit Partner
Financial Controller
Chief Financial Officer
Accounting Manager
Finance Director
Compliance Officer
Internal Audit Manager
Treasury Manager
Financial Reporting Manager
Senior Accountant
Audit Senior
Risk Management Officer
Find the exact document you need
Tenant Residency Verification Letter
A formal letter under Philippine law verifying a tenant's residency status, duration of tenancy, and good standing at a specific property.
find out more
Termination Confirmation Letter
A formal letter confirming employment termination under Philippine law, including termination details and final settlement information.
find out more
Appointment Letter Confirmation
A formal employment document under Philippine law that confirms an individual's appointment to a position, outlining key employment terms and conditions.
find out more
Confirmation Of Insurance Letter
A formal document issued under Philippine law that verifies the existence and details of active insurance coverage for various business and legal purposes.
find out more
Proof Of Verification Letter
A formal document under Philippine law that certifies the verification of specific information, documents, or facts by an authorized entity.
find out more
Residential Verification Letter
An official document issued under Philippine law that verifies an individual's residential address and duration of stay, typically issued by local government officials or property administrators.
find out more
Completed Probation Period Letter
A formal letter under Philippine law confirming an employee's successful completion of probation and transition to regular employment status.
find out more
Unsecured Loan Confirmation Letter
A Philippine law-compliant confirmation letter detailing approved unsecured loan terms and conditions between a lending institution and borrower.
find out more
Confirmation Of Residency Letter
An official document issued under Philippine law to verify an individual's residential address and duration of stay, typically requiring local authority validation and possible notarization.
find out more
Confirmation Of Employment Reference Letter
A formal employment verification document issued under Philippine law that confirms an individual's employment status and details with an organization.
find out more
Job Offer Verification Letter
A formal document under Philippine law verifying employment offer details and terms for third-party recipients.
find out more
Offer Letter And Confirmation Letter
Philippine-compliant Offer Letter and Confirmation Letter package for establishing employment relationships and confirming permanent employment status.
find out more
Employment Verification Letter
A formal document under Philippine law that verifies an individual's employment status, position, and related details with their current or former employer.
find out more
Confirmation Of Maternity Leave Letter
An official letter confirming approved maternity leave and benefits under Philippine law (RA 11210), specifying leave dates, entitlements, and return-to-work arrangements.
find out more
Confirmation Of Order Letter
A formal business document used in the Philippines to acknowledge and confirm receipt of a purchase order, detailing products/services, prices, and terms under Philippine commercial law.
find out more
Audit Balance Confirmation Letter
A standardized letter used in Philippine auditing practices to obtain third-party confirmation of financial balances and transactions, complying with PSA requirements.
find out more
Work From Home Confirmation Letter
A formal document under Philippine law confirming an employee's work-from-home arrangement, including terms, conditions, and compliance requirements.
find out more
Supplier Confirmation Letter
A formal letter under Philippine law confirming key terms and conditions between a supplier and buyer, documenting essential aspects of their commercial arrangement.
find out more
Solvency Confirmation Letter
A formal document under Philippine law confirming an entity's financial stability and ability to meet its obligations.
find out more
Staff Verification Letter
A formal employment verification document compliant with Philippine law that confirms an individual's employment status and related details with an organization.
find out more
Salary Received Confirmation Letter
A formal document under Philippine law that confirms an employee's received salary and employment details, typically used for official purposes like visa applications or loan processing.
find out more
Rental Verification Letter
A formal document used in the Philippines to verify a tenant's rental history, payment status, and lease compliance, governed by Philippine property and privacy laws.
find out more
Redundancy Confirmation Letter
A formal letter compliant with Philippine labor laws that confirms an employee's position has been made redundant and outlines their entitlements and separation arrangements.
find out more
Proof Of Employment Letter
A formal document under Philippine law that verifies an individual's employment status, position, and tenure with an organization.
find out more
Order Acknowledgement Letter
A formal acknowledgement of a purchase order under Philippine law, confirming order details and terms between buyer and seller.
find out more
Medical Confirmation Letter
A formal medical document issued under Philippine law that provides verified confirmation of a patient's health status or medical condition, authenticated by a licensed healthcare professional.
find out more
Loan Confirmation Certificate
A Philippine-compliant banking document that confirms approved loan terms and conditions between a financial institution and borrower, subject to BSP regulations and local banking laws.
find out more
Fund Transfer Confirmation Letter
A formal banking document issued under Philippine regulations that confirms the completion of a fund transfer between parties, including transaction details and regulatory compliance elements.
find out more
Confirmation Tender Acceptance Letter
A formal document under Philippine law confirming the acceptance of a tender bid and outlining the path to contract finalization.
find out more
Confirmation Of Self Employment Letter
A formal document under Philippine law that verifies an individual's self-employed status, used for official transactions and administrative purposes.
find out more
Confirmation Of Income Letter
A formal document issued under Philippine law that verifies an individual's employment status and income details, used for various official and financial purposes.
find out more
Confirmation Letter Of Residence
An official document issued under Philippine law that verifies an individual's residential address and duration of stay, certified by local government authorities.
find out more
Confirmation Letter For Volunteer Work
A formal document under Philippine law confirming an individual's volunteer service, detailing their contributions and period of service in compliance with RA 9418.
find out more
Community Service Confirmation Letter
An official Philippine document certifying the completion of community service activities, compliant with local regulations and the Volunteer Act of 2007.
find out more
Advance Payment Confirmation Letter
A formal Philippine-compliant letter confirming advance payment arrangements or receipt between commercial parties, including payment terms and banking details.
find out more
Confirmation Retreat Letter
A Philippine-jurisdiction document combining retreat information and legal consent for Catholic Confirmation preparation, adhering to local religious and youth protection laws.
find out more
Insurance Verification Letter
A formal document issued under Philippine law that verifies the existence and details of an insurance policy, confirming coverage and compliance with local insurance regulations.
find out more
Work Order Confirmation Letter
A Philippine-law governed document that confirms and details specific work requirements, timelines, and terms between parties for authorized services or projects.
find out more
Last Day Of Employment Verification Letter
A formal document under Philippine law that verifies an employee's last day of employment and related employment details, issued by employers upon employment termination.
find out more
Letter Of Service Confirmation
A formal letter under Philippine law confirming the terms and conditions of an agreed service arrangement between parties.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)