bank confirmation


bank confirmation
A request made by an auditor to a bank to confirm details of an audit client's bank accounts, together with any other assets held by the bank, and any other financial information.

Accounting dictionary. 2014.

Look at other dictionaries:

  • Bank Confirmation Letter - BCL — A letter confirming that a line of credit has been secured from a financial institution or bank. The bank confirms that a person is eligible for a specified amount of borrowed funds to be used for a predetermined purpose. A bank confirmation… …   Investment dictionary

  • confirmation — A technique used by an auditor to obtain third party evidence in support of information supplied by a client. For example, confirmation may be sought from a bank of balances held by a client (see bank confirmation). See also: circularization of… …   Accounting dictionary

  • confirmation — con·fir·ma·tion /ˌkän fər mā shən/ n 1: the act or process of confirming, assuring, or upholding seeking confirmation of the agreement; specif: the ratification of an executive act by a legislative body senate confirmation of the Supreme Court… …   Law dictionary

  • Confirmation — The written statement that follows any trade in the securities markets. Confirmation is issued immediately after a trade is executed. It spells out settlement date, terms, commission, etc. The New York Times Financial Glossary * * * confirm… …   Financial and business terms

  • confirmation — The document used to state in writing the terms of a trade that were previously agreed to orally by the buyer and the seller. American Banker Glossary The written statement that follows any trade in the securities markets. Confirmation is issued… …   Financial and business terms

  • confirmation letter — A written response to an auditor’s request to confirm the existence or value of an item. Examples of commonly requested confirmation letters include the *circularization by external auditors of an organization’s customers to confirm *accounts… …   Auditor's dictionary

  • confirmation — /ˌkɒnfə meɪʃ(ə)n/ noun 1. the act of making certain ♦ confirmation of a booking the act of checking that a booking is certain 2. a document which confirms something ● She received confirmation from the bank that the deeds had been deposited …   Marketing dictionary in english

  • ACLEDA Bank — Infobox Company company name = ACLEDA Bank Plc company vector company type = Private genre = foundation = Cambodia (1993) founder = location city = location country = location = Phnom Penh, Cambodia origins = key people = area served = Nationwide …   Wikipedia

  • balance confirmation — bank account balance verification …   English contemporary dictionary

  • World Bank — logo Type International organization Legal status Treaty Purpose/focus Crediting …   Wikipedia