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How CPAs Should Handle ?Comfort Letter? Requests From Lenders and Mortgage Brokers

AICPA members have contacted the AICPA to clarify their professional ethical obligations when asked for ?comfort letters? by lenders and mortgage brokers. Depending on how practitioners respond to such requests, they may be at risk for failing to comply with AICPA professional standards. In these situations, a number of CPAs may violate professional standards unknowingly; others may succumb to brokers? threats to undermine the CPA-client relationship. CPAs can ethically and effectively address these situations if they are aware of, and stick to, their professional obligations.