What are the guidelines for the performance of audits?
The audit must be performed in accordance with good auditing practices and must include a critical review of the individual companies’ accounting materials and their conditions in general. The external auditor has overall responsibility for the audit review. The external auditor assesses the quality of the internal auditor’s work on the basis of an evaluation of significance and risk for the individual areas. In addition, the external auditor evaluates the independence of the internal auditor. Read more about the external audit Danske Bank’s Board of Directors has established an Audit Committee, which reviews accounting, auditing and security issues that the Board itself has chosen and that the external auditor or head of the Internal Audit department may propose for investigation. The Committee reports to the Board of Directors, and its function is preparatory only.
