8.04 - ATTESTATION AND VARIOUS ENGAGEMENTS Flashcards
8.04 - ATTESTATION AND VARIOUS ENGAGEMENTS
Comfort letters ordinarily are signed by the client’s…
Independent auditor.
Underwriter of securities.
Audit committee.
Senior management.
Independent auditor.
EXPLANATION:
Auditors are often asked to provide letters to underwriters, referred to as comfort letters, in connection with a public offering.
This is a letter from the auditor to the underwriter and is signed by the auditor.
8.04 - ATTESTATION AND VARIOUS ENGAGEMENTS
Comfort letters ordinarily are…
Addressed to the client’s underwriter of securities and signed by the client’s senior management.
Addressed to the client’s underwriter of securities and signed by the client’s independent auditor.
Addressed to the client’s audit committee and signed by the client’s senior management.
Addressed to the client’s audit committee and signed by the client’s independent auditor.
Addressed to the client’s underwriter of securities and signed by the client’s independent auditor.
EXPLANATION:
A comfort letter is provided to the client’s underwriter from the independent auditor, who signs the letter.
