The general meeting of Danske Bank appoints two external auditors. According to the Danish executive order on the performance of audits in financial institutions, the external auditors and the Group chief auditor are responsible for the audit of the entire Group.
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 circumstances in general.
The division of audit tasks The division of tasks and co-operation between the Internal Audit department and the external auditors is laid down in the audit agreement. Every year, the Bank prepares a summary of the division of the specific auditing tasks between the Internal Audit department and the external auditors.
Read about the internal auditThe annual report is signed by
- the external auditors
- The Group chief auditor and the deputy Group chief auditor
- The Executive Board
- The Board of Directors
The external auditors
The annual report is audited by Grant Thornton and KPMG Statsautoriseret Revisionspartnerskab.
The audit fees for the last 2 years, can be seen in the table below.
| Total fees to the audit firms appointed by the general meeting that perform the statutory audit |
24 |
25 |
| Fees for non-audit services included in the preceding term |
7 |
7 |
Scope of the external audit
According to applicable rules, the auditor's field of activity is limited to
- auditing accounts and supplementary reports
- advisory services and assistance related to these reports and in limited areas
An auditor may not undertake tasks outside this area. The auditor's field of activity is thus subject to tight regulation.