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Third Party Verification (Comfort) Requests- What Are Options for Responding and How to Determine Which Profes

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Online

2.00 Credits

Member Price $79.00

Non-Member Price $109.00

Overview

Frequently, third parties may request certain financial and nonfinancial information to be verified by the external accountant (often referred to as ";comfort letters"). This course will provide insight into how to respond to requests for comfort in a way that will minimize professional liability risk. 

Highlights

  • Common third party verification requests
  • Differentiating the allowable options for responding to requests for comfort, including SSARS, SAS and SSAE engagements
  • Critical elements of professional standards that may apply to nonattest and attest services performed
  • Establishing an understanding with the client regarding the nature and scope of services 

Prerequisites

None

Designed For

Anyone who performed nonaudit services

Objectives

  • Describe the various nonattest and attest options available for appropriately responding to third party verification requests
  • Explain how to select the most appropriate type of engagement to meet the client's needs
  • Discuss how to meet the needs of your client and satisfy third parties, without putting your practice at risk 

Preparation

None

Non-Member Price $109.00

Member Price $79.00