Jyske Bank as the only one of the Danish banks publicly taken a showdown with the politicians ‘ rules on revisionspligt. Denmark’s third-largest bank introduced last year, that all new business should have an accountant involved.
the Background was an internal study, which showed that 622 out of 625 notifications, which the bank had given to the fraud squad, was companies that had not an accountant associated with.
– We have introduced revisorpligt to provide even a part of Jyske Bank’s contribution to the combating of money laundering. We have found a very clear over-representation of companies without an approved auditor in the notifications, as we are in 2018 and in 2019 submitted to SØIK. We have wanted to do something about, and from 1. January 2019, we have had a requirement for new customers with a VAT-number should have one of us approved auditor, if we do not know the client well, ” says communication director Erik Qvirin and adds:
– the Experience here was so good, that we decided, to it from and with in the year can also be applied to existing COMPANY customers,
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In 2006, revisionspligten repealed for a large number of smaller companies. Thus, it was no longer a requirement that their accounts would be audited by an independent auditor.
the Aim was to reduce the administrative burdens for companies, which could also get rid of the bill to an accountant. Vice-versa, the public no longer any warning, if a company f.ex. could be close to bankruptcy.
In 2011, eased further on the requirements. If a company’s turnover was under eur 8 million. kr. and the number of employees does not exceed 12, you could f.ex. get rid of review. Previously, the limit was for the circulation of 3 million. kr.
155.000 companies excluded in the 2018 revision, according to figures from the CSF. 60.000 companies have completely opted out of the revisorbistand to f.ex. to set up the accounts.
fraud cases without audit Past day Progressed to Dubai and left a bill of 12 million. day Small construction company went in 0: Got suddenly 5 million. in excess Past day Svindelmistænkte directors relax for the police
He says at the same time, the new revisorkrav of Jyske Bank’s existing customers, has led to 466 customers have chosen to leave the bank.
There are 44 customers have been thrown out, while waiting to obtain satisfactory material from 145 customers.
Ceo Anders Dam has previously made no secret that he believes that politicians must restore revisionspligten, as it was in 2006.
– the Argument that the relief has given businesses immense relief, must be seen in relation to the man as vice versa has created a big hole in the treasury in the form of vat and tax as not being paid, he has previously said to the Finance.
Nordea: ‘We prefer that our corporate clients have audited their accounts, and we encourage them to use our offer of free access to the digital analytics tool CrediWire, which continually provides both the customer and us overview of the company’s economy. But we do not have a requirement for an external audit. Instead, we evaluate companies individually, when they become customers of the bank and ongoing in, for example, transfers of funds, ownership and business partners in order to ensure that they meet our criteria.’
Sydbank: ‘We do not have a decision in principle, to all commercial customers must have the accountant assigned to be a customer of Sydbank. However, if business customers do not have a statutory auditor, it means that we are extra carefully, both in relation to credit rating and security in general.’
Danske Bank: ‘We constantly monitor all our customers, both new and those we have had in many years. Concretely, we follow their transactions, ownership and provides an overview of the partners for the on the way to spot suspicious behavior and prevent fraud.
‘Our monitoring are continually being developed and refined. Over the past year, we have done so much to ensure that we are not being abused for money laundering and other financial crime, and it is also a recurring consideration with us, how we can tighten up procedures for special persons, we do not know in advance and who want to be corporate with us.’
Save the North: Have no general requirements – assess the client individually.
the savings bank Kronjylland: ‘Depending on the customer types and complexity, we provide requirements on the audit, extended review, review or assistance from the approved auditor. It provides a sense of security for both the customer and us, that there is professional help.’
Arbejdernes Landsbank: ‘With us it is Not a general requirement, but will depend on an assessment from customer to customer. There may be small business customers, where it is far from necessary with an accountant. But of course, it is clear that if we can’t figure out the client relationship, and does not have a full overview of the client’s financial circumstances, we can choose to ask for a revised financial statements/consolidated financial statements. But as I said – it is not a general requirement.’
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