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Bank confirmation for audit purposes

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.

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Title
Advantages

Description
 

  1. For more efficient exchange of information, a standardized audit confirmation form has been created

  2. If necessary, supplementary audit confirmation forms are available for unstandardized requests

How does it work?

 

In response to the auditor’s original request, the bank will prepare a standardized bank confirmation for audit purposes (regardless of the amount of information requested). Additional information (other than that included in the standardized bank confirmation for audit purposes form) can be requested.

A confirmation for audit purposes will be provided within 30 days.

    An auditor's request may be submitted if you have signature rights:

    • Via internet bank
    • Via e-mail with a secure electronic signature

    A confirmation for audit purposes may be received:

    • Via internet bank
    • Via e-mail with a secure electronic signature

     

    Service Fee
    Documents on account transactions
    Preparation of an account statement or account reference (including merchant account statement):
    • In electronic channels
    Free of charge
    • At the Bank’s branch
    0.40 EUR for 1 page, min 8.00 EUR
    Sending account statement or account reference by e-mail 3.00 EUR
    Sending account statement or account reference by post:
    • Within the territory of Latvia
    0.40 EUR for 1 page, min 4.00 EUR
    • Abroad
    0.40 EUR for 1 page, min 10.00 EUR
    SWIFT copy of a cross-border (upon the customer's request) At the Bank's branch: 4.50 EUR
    Statement for auditor1
    Statement for auditor (up to 30 days)2 35.00 EUR (plus VAT 7.35 EUR)
    Urgent statement for auditor (up to 3 working days) By agreement,
    min 100.00 EUR (plus VAT 21.00 EUR)
    Issuing of references (per document)
    Standard references upon the customer’s request3 10.00 EUR (plus VAT 2.10 EUR)
    Non-standard references upon the customer’s request4 By agreement, min 35.00 EUR (plus VAT 7.35 EUR)
    Printing / confirmation of executed payment orders 5.00 EUR for each issue and / or confirmation of a payment order
    Completion of payment documents upon the customer's request (per item) 2.85 EUR
    Document processing
    Copies of documents (per sheet) upon the customer’s request 0.30 EUR (plus VAT 0.06 EUR)
    Postal service for documents 5.00 EUR (plus VAT 1.05 EUR)
    Mailing of electronic authorisation device upon the customer’s request within Latvia 15.00 EUR (plus VAT 3.15 EUR)
    Courier delivery of documents/ code calculator/ payment cards abroad upon the customer’s request5 By agreement,
    min 30.00 EUR (plus VAT 6.30)
    Issue of a certified copy of a document By agreement,
    min 30.00 EUR (plus VAT 6.30)
    Search of documents in the archive and their copying upon the customer's request (per item) By agreement,
    min 7.00 EUR (plus VAT 1.47 EUR)
    Execution of orders of the SRS and bailiffs
    Processing orders of the SRS (State Revenue Service) - for each SRS order / individual tax debt type 10.00 EUR
    Processing of bailiffs' orders 10.00 EUR
    Execution of SRS orders 0.50 EUR
    Execution of bailiffs' orders 0.50 EUR
    Processing of a request for withdrawal or transfer of funds from a blocked account 10.00 EUR
    Signature specimen card
    Changes in signature specimen card 10.00 EUR
    Identification of the customer's representative
    Identification of the customer's representative in the Branch of SEB Lithuania or SEB Estonia6 150.00 EUR (plus VAT 31.50 EUR)
    Servicing with powers of attorney
    Servicing with a power of attorney issued in Latvia 15.00 EUR (plus VAT 3.15 EUR) – fee for receipt (verification) of the power of attorney for the first time;
    7.00 EUR (plus VAT 1.47 EUR) – for each subsequent service time
    Servicing with a power of attorney issued abroad 50.00 EUR (plus VAT 10.50 EUR) – fee for receipt (verification) of the power of attorney for the first time;
    15.00 EUR (plus VAT 3.15 EUR) – for each subsequent service time

    1 Starting from 01.01.2020 statements for auditor will not be issued in paper, but only in electronic format (signed with secure e-signature).

    2 Bank prepares a standardized confirmation form for audit purposes: https://www.seb.lv/en/business/daily-banking/bank-accounts/bank-confirmation-audit-purposes. Additional information, not included in the standard form, can be requested for additional fee according to price list.

    3 Standard references include information about the existence of an account/card, account balance; termination of the account; the principal amount, balance and term of a loan; complete repayment of the loan; absence of liabilities; temporary account and contribution of the share capital. Standard reference is prepared within one working day as of receiving the request.

    4 Non-standard references are the other references, which are not standard. About the term of preparation of a non-standard reference, the bank informs within two working days as of receiving the request.

    5 Charged in cases when the card is located in a branch, and the manner of receipt is changed.

    6 Fee is charged for the identification of each representative.