The Audit Balance Confirmation Letter is a fundamental tool in the external audit process within New Zealand's regulatory framework. It is used when independent verification of financial information is required from third parties, typically during annual audits or special purpose audits. The document, governed by New Zealand auditing standards including ISA (NZ) 505, facilitates the confirmation of account balances, terms of financial arrangements, and other relevant financial information. It serves as a crucial piece of audit evidence, helping auditors verify the accuracy and existence of reported financial positions. The letter must comply with New Zealand's Privacy Act 2020 and Financial Reporting Act 2013, ensuring proper handling of confidential financial information while meeting professional audit requirements.
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.
Upload your Doc
1. Letterhead and Date: Auditor's firm letterhead and current date
2. Recipient Details: Full name and address of the third party being requested to confirm information
3. Client Reference: Clear identification of the audit client and any relevant account numbers or reference codes
4. Purpose Statement: Clear statement that this is an audit confirmation request and the purpose of the letter
5. Balance Details: Specific account balances or information being confirmed, including relevant dates
6. Response Instructions: Clear instructions on how and where to send the confirmation response
7. Authorization: Client's authorization for the third party to release information to the auditors
8. Confidentiality Statement: Statement regarding the confidential nature of the information
9. Signature Block: Signature lines for both the auditor and client representative
1. Multiple Account Details: Additional section when confirming multiple accounts or complex financial relationships
2. Specific Terms and Conditions: When confirmation of specific loan terms, interest rates, or other conditions is required
3. Collateral Confirmation: When verification of security or collateral arrangements is needed
4. Related Party Information: When confirmation of related party relationships or transactions is required
5. Contingent Liabilities: When confirmation of guarantees, commitments, or contingent liabilities is needed
1. Schedule A - Account Details: Detailed listing of specific accounts and balances to be confirmed
2. Schedule B - Transaction List: List of specific transactions requiring confirmation, if applicable
3. Schedule C - Terms and Conditions: Details of any specific terms, conditions, or arrangements requiring confirmation
4. Reply Form: Standardized form for the recipient to complete and return with the confirmed information
Relevant legal definitions
Auditor
Client
Confirmation Date
Balance Date
Account Balances
Authorized Representative
Banking Facility
Confirming Party
Financial Statements
Letter of Confirmation
Outstanding Balance
Security Interest
Contingent Liabilities
Related Party
Financial Institution
Audit Period
Authorized Signatory
Account Facilities
Credit Arrangements
Verification Documents
Client
Confirmation Date
Balance Date
Account Balances
Authorized Representative
Banking Facility
Confirming Party
Financial Statements
Letter of Confirmation
Outstanding Balance
Security Interest
Contingent Liabilities
Related Party
Financial Institution
Audit Period
Authorized Signatory
Account Facilities
Credit Arrangements
Verification Documents
Clauses
Purpose and Scope
Authorization
Confidentiality
Information Request
Balance Confirmation
Response Instructions
Banking Facilities
Security Arrangements
Contingent Liabilities
Related Party Transactions
Privacy and Data Protection
Verification Requirements
Response Deadline
Contact Details
Disclaimer
Authorization
Confidentiality
Information Request
Balance Confirmation
Response Instructions
Banking Facilities
Security Arrangements
Contingent Liabilities
Related Party Transactions
Privacy and Data Protection
Verification Requirements
Response Deadline
Contact Details
Disclaimer
Relevant Industries
Financial Services
Banking
Professional Services
Manufacturing
Retail
Technology
Healthcare
Real Estate
Construction
Energy
Transportation
Agriculture
Mining
Education
Non-Profit Organizations
Relevant Teams
Audit
Finance
Accounting
Treasury
Compliance
Risk Management
Legal
Corporate Governance
Relevant Roles
External Auditor
Audit Manager
Financial Controller
Chief Financial Officer
Account Manager
Banking Relationship Manager
Financial Accountant
Audit Partner
Treasury Manager
Company Secretary
Finance Director
Compliance Officer
Risk Manager
Find the exact document you need
Staff Employment Confirmation Letter
A formal letter confirming employment terms and conditions under New Zealand employment law, serving as official documentation of the employment relationship.
find out more
Residential Verification Letter
A formal document under New Zealand law that verifies an individual's residential status or address, typically issued by a landlord or property manager.
find out more
Rent Confirmation Letter From Tenant
A formal letter under New Zealand law where a tenant confirms their understanding and acceptance of rental terms and conditions.
find out more
Payment Confirmation Letter To Supplier
A formal document used in New Zealand business operations to confirm payments made to suppliers, providing official record of transaction details under NZ law.
find out more
Non Confirmation Of Employment Letter
A formal letter used in New Zealand to inform an employee that their employment will not continue beyond their trial or probationary period, in compliance with NZ employment law.
find out more
Marriage Confirmation Letter For Immigration
An official New Zealand document confirming the validity and current status of a marriage for immigration purposes, compliant with NZ Marriage and Immigration Acts.
find out more
Employee Confirmation Letter For Bank Loan
A New Zealand-compliant employment confirmation letter that verifies employment status and compensation details for bank loan purposes.
find out more
Completed Probation Period Letter
A New Zealand-compliant letter confirming successful completion of an employee's probationary period and transition to permanent employment status.
find out more
Accountant Verification Letter Of Income
A New Zealand-compliant professional letter from a qualified accountant verifying an individual's or entity's income for third-party requirements.
find out more
Balance Confirmation Letter To Vendor
A formal New Zealand business document used to confirm and verify outstanding balances with vendors, compliant with local commercial law and financial reporting requirements.
find out more
Account Verification Letter
A New Zealand-compliant formal bank document confirming customer account details and banking relationship status, issued by financial institutions under local banking regulations.
find out more
Order Confirmation Letter To Supplier
A formal New Zealand business document confirming order details and terms with a supplier, governed by NZ commercial law.
find out more
Doctor Confirmation Letter
A formal verification document used in New Zealand's healthcare system to confirm a doctor's professional status, credentials, or employment details.
find out more
Doctor Appointment Confirmation Letter
A New Zealand-compliant formal confirmation letter for medical appointments, including essential appointment details and patient instructions.
find out more
Confirmation Of Employment Reference Letter
A formal New Zealand-compliant document verifying an individual's employment history, position, and tenure with an organization.
find out more
Lease Verification Letter
A formal document used in New Zealand to verify lease details and tenant status, typically used for financial or reference purposes.
find out more
Holiday Confirmation Letter
A New Zealand-compliant formal document confirming approved annual leave arrangements between employer and employee, including leave dates and related details.
find out more
Hiring Confirmation Letter
A formal document under New Zealand law confirming employment offer terms and conditions, serving as a precursor to the full employment agreement.
find out more
Current Employment Verification Letter
A formal document issued under New Zealand law confirming an individual's current employment status and related authorized details.
find out more
Thank You For Confirmation Letter
A formal business document used in New Zealand to acknowledge receipt of information or documents, serving as both a professional courtesy and legal record.
find out more
Letter Of Enrolment
A formal New Zealand educational institution document confirming student enrollment and program details under NZ education law.
find out more
Intercompany Balance Confirmation Letter
A New Zealand-compliant formal letter used to confirm and verify account balances between related companies within a corporate group structure.
find out more
Driving Licence Confirmation Letter
An official New Zealand Transport Agency document confirming the status and validity of an individual's driving licence under New Zealand law.
find out more
Debtor Confirmation Letter
A legally binding document under New Zealand law that confirms and acknowledges the existence and terms of a debt obligation between creditor and debtor.
find out more
Consent Letter For Employment Verification
A New Zealand-compliant authorization document allowing employers to share employment information with specified third parties, adhering to local privacy and employment laws.
find out more
Confirmation Of Maternity Leave Letter
A formal letter confirming approved maternity leave arrangements under New Zealand employment law, detailing leave period and entitlements.
find out more
Confirmation Of Directorship Letter
A New Zealand-compliant formal letter confirming a director's appointment to a company board, outlining key terms and conditions of the position.
find out more
Confirmation Of Tenancy Letter
A New Zealand-compliant formal letter confirming acceptance of a rental application and outlining key tenancy terms prior to the signing of the full tenancy agreement.
find out more
Confirmation Of Rental Letter
A formal New Zealand document confirming the agreed terms of a rental arrangement between landlord and tenant, serving as an official record of the rental commitment.
find out more
Confirmation Of Rent Payment Letter
A New Zealand-compliant formal letter confirming a tenant's rental payment history and status, used for official verification purposes.
find out more
Confirmation Of Order Letter
A formal document used in New Zealand to confirm and document order details between a supplier and customer, governed by NZ contract and commercial law.
find out more
Bursary Confirmation Letter
A New Zealand-compliant formal letter confirming the award of an educational bursary, including terms, conditions, and payment details.
find out more
Audit Balance Confirmation Letter
A formal audit document used in New Zealand to request third-party confirmation of client financial information, complying with local auditing standards.
find out more
Verification Of Work Experience Letter
A formal New Zealand-compliant letter confirming an individual's employment history, work experience, and job responsibilities with an organization.
find out more
Work From Home Confirmation Letter
A formal letter compliant with New Zealand employment law that confirms and sets out the terms of an employee's approved work-from-home arrangement.
find out more
Tender Confirmation Letter
A formal document under New Zealand law confirming the acceptance of a tender submission and outlining key terms and conditions of the acceptance.
find out more
Supplier Confirmation Letter
A New Zealand-compliant formal document that confirms and establishes key terms between a business and its supplier, providing a simplified alternative to a full supply agreement.
find out more
Rental Income Verification Letter
A New Zealand-compliant formal letter verifying a tenant's rental payment history and current rental obligations for financial and administrative purposes.
find out more
Recommendation Letter For Confirmation Of Employee
A formal New Zealand employment document confirming an employee's status, performance, and successful completion of their initial employment period.
find out more
Redundancy Confirmation Letter
A formal letter under New Zealand employment law confirming an employee's redundancy, including termination details and final entitlements.
find out more
Genie’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; Genie’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)
.png)