Course Individually
Course Description
Auditing – Issuing Letters for Underwriters and Other Requesting Parties is a CPE webinar that will discuss the review the guidance provided by SAS No. 72 concerning comfort letters. This webinar will describe the format and contents of a typical comfort letter and to whom it may be addressed. This webinar will review what should not be included in a comfort letter. This webinar will discuss when or when not to give positive and negative assurance. Finally, this webinar will define what should be included in the concluding paragraph to avoid misunderstanding of purpose.
We provide a Subject Matter Expert (SME) to answer any questions you may have during this session. SMEs are available from 8am to 7:30pm Central Time. This course should only be taken during SME hours.
Learning Objectives
At the end of this webinar, students will be able to:
- Identify the guidance provided by SAS No. 72 concerning comfort letters.
- Recognize the format and contents of a typical comfort letter and to whom it may be addressed.
- Identify what should not be included in a comfort letter.
- Recognize when or when not to give positive and negative assurance.
- Identify what should be included in the concluding paragraph to avoid misunderstanding of purpose.
CPE Credits: 2 CPE for CPAs
Level: Intermediate
Instructional Method: Group Internet Based
NASBA Field of Study: Auditing
Program Prerequisites: None
Advanced Preparation: None
Revision Date: March 24, 2023
