Audit Confirmation on DBS IDEAL | DBS Corporate Banking

Audit Confirmation on DBS IDEAL

Streamline your annual audit confirmation process

Audit Confirmation on DBS IDEAL

Streamline your annual audit confirmation process

At a glance

Annual Audit confirmation is often a time-consuming process for your business. To help streamline this process, we are introducing the Audit Confirmation feature on DBS IDEAL. This allows you to automatically provide your authorisation for DBS to confirm your positions and balances to your auditors through DBS IDEAL, without needing physical touchpoints.

Features and benefits

Speed up your audits with these benefits

Faster turnaround time, processed as quickly as 24hrs*
*Manual handling and longer TAT expected for Additional Products Handling / other exception handling (e.g. non-month end Financial yearend, Failed fee debiting)
Greater traceability of your audit confirmation
Go digital! Join our sustainability efforts to reduce paper waste

Save costs on your audit documents

	New Pricing	Current Pricing
DBS IDEAL	Softcopy via Email to Auditors: SGD SGD35 per audit request (Applicable when you apply via DBS IDEAL by 30 Jun 2021)	Not applicable
DBS IDEAL	Hardcopy via Post to Auditors: SGD50 per audit request	SGD50 per audit request

Digital Confirmation through DBS IDEAL

Provide your authorisation for DBS to confirm your positions and balances to your auditors, without needing physical touchpoints.

How to apply

Go Digital with Audit Confirmation on DBS IDEAL today!

You can find the Audit Confirmation via the Customer Self Administration module on DBS IDEAL. Access is automatically granted for DBS IDEAL users who are directors of Singapore-incorporated companies.

Not on the DBS IDEAL CSA module?

Download and submit the completed DBS IDEAL Maintenance Form via the File Exchange functionality on DBS IDEAL.

Refer to this step-by-step guide on how to submit the completed form via File Exchange on DBS IDEAL.

User guide

Audit Confirmation Self Serve Portal User Guide

(1.4MB)

FAQs

What is Audit Confirmation on DBS IDEAL?

DBS IDEAL Audit Confirmation is a one-stop solution for DBS Corporate customers to fulfil their annual Audit Confirmation requests without needing to send any physical instruction.

On DBS IDEAL Audit Confirmation, you can:

Submit Audit Confirmation requests
Obtain instant notification of transaction status via email and SMS at various stages of the request
Retrieve completed audit request & download a copy of the Audit Confirmation response sent to auditors

	Who can apply for DBS IDEAL Audit Confirmation?
	Access is automatically granted to DBS IDEAL users, who are directors of Singapore-incorporated- companies. You can also obtain access via the Customer Self Administration module on DBS IDEAL.

	What are the key benefits of DBS IDEAL Audit Confirmation?
	Faster processing time with digital submissions and receipt of response Eliminates the need to sign the Letter of Authorisation manually More secure than paper handling with a complete digital audit activity trail Reduced cost & carbon footprint Easy and convenient access to manage your business - anywhere, anytime.

	Can I access DBS IDEAL Audit Confirmation module at any time?
	Yes, DBS IDEAL Audit Confirmation module can be accessed at any given time, on any given day, including weekends and Public Holidays. However, requests will only be completed earliest on next working day.

	Can I choose to receive both physical and softcopy Audit Confirmation responses?
	We would strongly encourage you to switch to softcopy, to enjoy greater convenience, lower audit fees and help us reduce our carbon footprint.