A comfort letter will ordinarily include:
A)Negative assurance on whether internal control operated as designed.
B)An opinion on compliance with Single Audit Act of 1984 requirements.
C)An opinion on whether the audited financial statements comply in form with SEC accounting requirements.
D)Positive assurance on whether unaudited condensed financial information complied with GAAP.

Question

Quizplus · Accepted Answer

A comfort letter typically includes an opinion on whether the audited financial statements comply in form with SEC accounting requirements, providing assurance to underwriters or other parties involved in securities offerings.

A Comfort Letter Will Ordinarily Include