To unlock this content, you must have the following:

AICPA Membership

How CPAs Should Handle ?Comfort Letter? Requests From Lenders and Mortgage Brokers

AICPA members have contacted the AICPA to clarify their professional ethical obligations when asked for ?comfort letters? by lenders and mortgage brokers. Depending on how practitioners respond to such requests, they may be at risk for failing to comply with AICPA professional standards. In these situations, a number of CPAs may violate professional standards unknowingly; others may succumb to brokers? threats to undermine the CPA-client relationship. CPAs can ethically and effectively address these situations if they are aware of, and stick to, their professional obligations. 

We are the American Institute of CPAs, the world’s largest member association representing the accounting profession. Our history of serving the public interest stretches back to 1887. Today, you'll find our 431,000+ members in 130 countries and territories, representing many areas of practice, including business and industry, public practice, government, education and consulting.

About AICPA

Support

Association of International Certified Professional Accountants. All rights reserved.