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What CPAs Need to Know About Comfort Letters
$38.95$38.95
What CPAs Need to Know About Comfort Letters
Course Description:
This course provides a detailed overview of comfort letters in the context of securities offerings. It covers the purpose of comfort letters, the differences between negative assurance and positive assurance, and the procedures accountants perform on audited, unaudited, and pro forma financial information. The course also addresses how to handle subsequent changes, capsule information, financial forecasts, and other financial data, while highlighting what accountants can and cannot comment on. By the end of the course, participants will understand how comfort letters support underwriter due diligence and the role they play in providing assurance on selected financial information.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
Course Description:
This course provides a detailed overview of comfort letters in the context of securities offerings. It covers the purpose of comfort letters, the differences between negative assurance and positive assurance, and the procedures accountants perform on audited, unaudited, and pro forma financial information. The course also addresses how to handle subsequent changes, capsule information, financial forecasts, and other financial data, while highlighting what accountants can and cannot comment on. By the end of the course, participants will understand how comfort letters support underwriter due diligence and the role they play in providing assurance on selected financial information.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
- Identify the purpose of comfort letters and the financial information they cover
- Distinguish between negative assurance and positive assurance
- Determine appropriate procedures for audited, unaudited, and pro forma information
- Recognize subsequent changes, capsule information, and financial forecasts included in comfort letters
- Select matters accountants can comment on and those outside their expertise
- Differentiate how comfort letters support underwriter due diligence
Course Number:
KC221
NASBA Field of Study:
Auditing
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
January 2026
CPE Credits:
2
Prerequisites:
None
Advanced Preparation:
None
KC221
NASBA Field of Study:
Auditing
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
January 2026
CPE Credits:
2
Prerequisites:
None
Advanced Preparation:
None
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