The bank confirmation letter must be stamped with the official seal of the signature.
Bank confirmation letters are mainly issued to banks in the name of the company being audited to verify the company's bank deposits and borrowings, investors' capital contributions, and other matters such as guarantees, commitments, letters of credit, letters of guarantee, etc. Whether the document is authentic, legal and complete.
When issuing a bank confirmation letter, the replying party shall sign the official seal of the unit when the data proves to be correct, the data does not match, and matters that require explanation according to the actual situation, and shall be signed or stamped by the handling personnel. The official seal of the unit cannot be replaced by the official seal of the unit's internal organization.
Extended information;
Bank confirmation letter stamped:
Notes:
1. The first page of the firm is stamped on The address left by the firm
2. The first page of the company is stamped on the relevant account number for deducting money from the company
3. The reserved seal refers to the company’s reserved seal at the bank. , it may be an official seal or an official seal and a legal person seal. The company itself knows that it cannot stamp more or less.
4. The reserved seal should be on the penultimate page of the bank confirmation letter. It is best to fill in the person in charge, title and phone number below. It is okay if it is incomplete.
5. The last page of the bank confirmation letter is where the bank stamps it. If it is consistent, it will be stamped on the top, if it is not consistent, it will be stamped on the bottom.
What is a bank confirmation letter?
A complete bank confirmation letter generally includes: deposits, loans, account cancellations, entrusted deposits, entrusted loans, guarantees, acceptance bills, discount bills , collection notes, letters of credit, foreign exchange contracts, depository securities and other major matters.
Key Points of Bank Inquiry Letter
Financial institutions shall provide confirmation responses in accordance with the requirements of relevant documents of the Ministry of Finance and the Central Bank.
1. Distinguish between inquiry for bank balance and inquiry for bank balance. The balance is the final result of all the amounts that occurred before a certain cut-off point in time. By inquiring about the bank balance, it can be confirmed whether the bank balance as of a certain point in time actually exists. The balance is the original record when the business occurred. By inquiring the bank balance, you can verify whether a certain banking business actually occurred. For example, when verifying an investor's investment in monetary funds, the bank confirmation letter is a confirmation of the bank balance. When auditing the bank deposit items listed on the balance sheet, the bank confirmation letter is a confirmation of the bank balance.
2. Sign correctly. The sender should sign the official seal. The replying party should sign the official seal of the unit on "Data proves correct" and "Data is inconsistent and matters needing explanation" respectively according to the actual situation, and have the signature or seal of the handling personnel. The official seal of the unit cannot be replaced by the official seal of the unit's internal organization.
3. Fill in the form truthfully and respond promptly. The sender should fill in the letter truthfully based on the unit's account books and records. The financial institution serving as the replying party should check the original records and fill in the items one by one in the bank confirmation letter. After completing the letter, it should be promptly replied to the accounting firm and reported to the accounting firm in accordance with relevant regulations. The sender charges a verification fee.
4. Pay attention to the scope of bank confirmation inquiries. Bank inquiries include not only banks with balances at a certain cut-off point, but also accounts with deposits, loans, custodial securities, and bills payable that have been settled. Because it is possible that the deposit account has been settled, but there are still bank loans or other liabilities; it is also possible that the loan account has been settled, but there is still unpaid interest.
5. The verification procedure must be appropriate. After the certified public accountant has written the confirmation letter and handed it to the audited unit for sealing, he should send the confirmation letter in person. He should not give the confirmation letter to the client. When obtaining the confirmation letter reply from the client, he must evaluate the reliability of the reply letter. Don't be careless.
6. The verification work papers must be complete. The list of bank inquiries, a copy of the postage receipt for sending the inquiry letter, and the work records of on-site inquiries at the bank must be complete and attached to the bank's relevant project approval form. The correct use of bank confirmation letters is of great significance for improving the quality of accounting information and ensuring the authenticity and integrity of bank-related projects.