Comfort Letters

When it comes to comfort letters, there are no easy answers. The PICPA acknowledges the significant struggle by many practitioners to comply with professional standards and meet their client’s expectations.


Contact your professional liability insurance carrier. Many provide free hotlines to help resolve these issues. 


J Trust But Verify - Another Perspective on Comfort Letters

- By Jina Etienne, CPA, AICPA Insights Blog 2014
While “trust and verify” is a concept CPAs are familiar with, businesses have adopted a slightly different view of this in today’s recovering economy.

J Bureaucracy Stirs the Pot in Comfort Letter Fight

- By Jeffrey T. McGuire, JD, Pennsylvania CPA Journal, Summer 2013
New regulations by the Consumer Financial Protection Bureau have produced some unfortunate consequences related to lender verification

J That "Comfort Letter" Request May Really Be A Third-Party Verification

- By Susan S. Coffey, CPA, CGMA, AICPA Insights blog 2013
Guidance on how to handle a third-party verification request by taking a look at the top three FAQs posted based on members' questions.

J Lenders face more difficult road verifying incomes

- By Allison M. Henry, CPA, Reprinted from Lehigh Valley Business, May 6, 2013
The relationships between a certified public accountant (CPA) and his or her clients can last for many years, having been built on a foundation of trust and professionalism. A recent development, however, has put these relationships in jeopardy: comfort letters.

J CPAs and Comfort Letters: The New Chocolate

- By Edward S. Karl, CPA, The Tax Advisor newsletter, 2013
For years, CPAs have been asked by third parties for verification, confirmation, certification, corroboration, authentication, or substantiation of their clients’ financial information. A look at the negative connotations often associated with these requests.

J The Comfort Letter Trap

- By Allison M. Henry, CPA, CPA Now blog,  2013
A discussion on the comfort letter trap and how third parties asking for comfort letters can threaten relationships between a CPA and his or her clients.