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.
The primary role of Group Internal Audit is to help the Board of Directors and the Executive Leadership Team protect the assets, reputation and sustainability of Danske Bank Group.
Group Internal Audit does this by evaluating and improving the effectiveness of Danske Bank's risk management, control and governance processes.
Internal auditing is an independent assurance activity based on a systematic approach, and Group Internal Audit is guided by the principle of adding value to the Group.
The Terms of Reference laid down for Group Internal Audit define
The contents of the Terms of Reference incorporate the requirements in the Executive Order on Auditing Financial Undertakings etc. as well as Financial Groups and are agreed between the Board of Directors and the Group Chief Auditor.
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
