Webcast: ACPEN: Third Party Verification (Comfort) Requests- What Are Options for Responding and How to Determine Which Professional Standards t

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