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Reporting and auditing

We publish our annual report and three interim reports in English and excerpts from these reports in Danish.

Find information below about the legal foundation for our reports as well as information about the roles and division of responsibilities between internal and external auditing at Danske Bank.

Legal foundation for financial reports

    • International Financial Reporting Standards (IFRS)
    • The Danish Financial Supervisory Authority's Executive Order on Bank Accounts (parent company)
    • The Danish Financial Business Act
    • The Copenhagen Stock Exchange guidelines for issuers of listed securities and Danish accounting standards, except where otherwise stipulated by Danish banking regulations
    • International Financial Reporting Standards (IFRS)
    • The Danish Financial Supervisory Authority's Executive Order (parent company)
    • The Copenhagen Stock Exchange's rules

  • The first-quarter and third-quarter reports are regulated by the IFRS and the Copenhagen Stock Exchange's rules only. Our Danish subsidiaries not subject to the Financial Business Act submit their accounts in accordance with the Danish Accounts Act.

  • We prepare accounts for our business units in order to make the earnings of each unit transparent. The accounts are based on the same income criteria and valuation principles that apply to the external accounts.

    Our Danish subsidiaries not subject to the Financial Business Act submit their accounts in accordance with the Danish Accounts Act.

Internal audit

  • The primary role of Group Internal Audit is to help the BoD and the Executive Leadership Team (ELT) to protect the assets, reputation and sustainability of the Group. 
  • Internal auditing is an independent and objective assurance activity guided by a philosophy of adding value to improve the operations of the Group. 
  • Group Internal Audit assists the Group in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the organisation’s risk management, control, and governance processes. GIA’s scope is unrestricted.

Internal audit charter and audit agreement

  • The Internal Audit Charter laid down for Group Internal Audit defines

    • the scope of the work carried out by Group Internal Audit
    • the basis of the rights and obligations of Group Internal Audit and the Group Chief Auditor
    • special audit and reporting requirements

    The content of the Internal Audit Charter incorporates the requirements in the Executive Order on Auditing financial Undertaking etc. as well as Financial Groups and is agreed between the Board of Directors and the Group Chief Auditor.

    See Audit Charter


  • The audit agreement outlines the division of responsibilities between Group Internal Audit and Danske Bank’s external audit firms as well as their collaboration.

External audit

Our external audit firm, Deloitte Statsautoriseret Revisionspartnerselskab, is responsible for the statutory financial audit of Danske Bank Group. The audit is conducted in accordance with International Standards on Auditing and additional requirements under Danish audit regulation.

The responsibilities of Deloitte Statsautoriseret Revisionspartnerselskab are to

  • audit the consolidated and parent company financial statements
  • audit the financial statements of subsidiaries and branches
  • provide advisory services and perform other assurance engagements

About Danske Bank

For 150 years, Danske Bank has strived to be a driver of growth and development in society. We have developed in tandem with the societies we are part of, We will continue working for that - every day.

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Corporate Governance

We work continually to improve our corporate governance and implement best practices.

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Reports

See our latest financial report, fact book and other relevant documents.

See reports