Flashcards in Letters for Underwriters Deck (7)
What type of assurance does a comfort letter express?
What type of defense may an underwriter use?
Why do underwriters request comfort letters?
As part of their process of reasonable investigation.
What procedure is required when a comfort letter is issued?
Review of interim financial information
Is comfort letters restricted use?
What is positive assurance provided with respect to?
CPA's independence and compliance