“Usually the lender asks for it, and they are using the client to pressure the CPA.” A self-employed borrower might use business assets to obtain a mortgage, Wolfe observed. By procuring a comfort ...

Professional standards prescribe what CPAs can and cannot do in these circumstances, and there are professional risks to signing these “comfort” letters. The third parties requesting these letters are ...

David has helped thousands of clients improve their accounting and financial systems, create budgets, and minimize their taxes. A comfort letter is a business document that is intended to assure ...

Section 920 addresses the auditor’s responsibilities when engaged to issue CPA comfort letters to requesting parties in connection with a nonissuer’s financial statements that are included in a ...

It is sometimes referred to as a comfort letter. It must be on the CPA's or tax preparer's letterhead, with the firm's contact information, or the lender won't accept it. The letter itself states ...

Chief secretary to the Treasury Andrew Smith, said in Commons the accounts would still comply with the Treasury Resource Accounting Manual. He added: ‘The contingent liability arising from any letters ...