In My Page, you will find a setting in Brevio for Lasting power of attorney (LPA)👇
What does this mean for your customer?
Today, the bank customer must sign a new power of attorney to the auditor each time the auditor wishes to obtain an audit letter. Although the signing process is quick with Brevio, this entails a change of context for the customer.
With Lasting Powers of Attorney, there are no need for signing every year. By signing a Lasting Power of Attorney via Brevio once, the auditor can himself order audit letters in the following years. Without disturbing the bank client.
What will this entail on our side?
In practical terms, this has no impact on the banks processes. You will still receive a power of attorney digitally signed by the customer. The only difference is that you will now receive two PDFs, which together make up the request:
Document 1 - Lasting Power of Attorney: The lasting power of attorney contains the same information as today's requests. This includes which companies it concerns and the information the bank is authorized to pass on to the auditor. A power of attorney can cover several companies/subsidiaries, and is digitally signed by the customer.
Document 2 - The request: The request defines this year's audit request. This is based on the long-term power of attorney, and specifies which of the companies in the power of attorney the auditor want an audit letter on. In addition, there is also information about the recipient auditor and the cut-off/period end of the request. This document is generated every time an auditor orders an audit letter based on a LPA.
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