CPA Comfort Letters to Lenders

    CPA Comfort Letter to Lenders and Third Party Verifications 

    Comfort Letters

    CPAs are regularly asked to provide a loan broker, lender or other third party with a comfort letter or verification letter on behalf of their clients. More and more types of information are being requested to be verified by various agencies, lenders, health insurance providers, etc.

    A CPA may unintentionally violate professional standards by signing these requests so it is very important that you know what you’re being asked to certify, what the risks are and other options you may have.

    To guide you in the right direction, here are some resources and articles on the subject.

    These resources will provide you some examples of the types of requests CPAs are receiving. And as you look at what you’re being asked to “certify”, keep in mind that CPAs are prohibited from providing assurance on solvency. AT section 9101, paragraph .27 of Interpretation No. 2 states that a practitioner is precluded from giving any form of assurance on matters relating to solvency or any financial presentation of matters relating to solvency. See paragraph .25 for examples of matters relating to solvency.

    The AICPA would like to know more about the types of third-party verification requests you’re receiving and we’re here to help answer your specific concerns. Please email us at for more information.

    From the AICPA Technical Hotline
    The AICPA's Accounting and Auditing Technical Hotline provides members with free, high-quality technical assistance by phone concerning issues related to: accounting principles and financial reporting; auditing, attestation, compilation and review standards. The hotline is available from 9 a.m. to 8 p.m. Eastern via telephone at 877-242-7212. Additionally, questions may be submitted electronically by filling out the hotline form.

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