Comfort Letters – Understanding Requirements for CPAs ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This course provides an overview of comfort letters in securities offerings. This course covers the purpose of comfort letters, the differences between negative and positive assurance, and the procedures for audited, unaudited, and pro forma financial information. The course also reviews handling subsequent changes, capsule information, financial forecasts, and other financial data, emphasizing what accountants can and cannot comment on. By the end, participants will understand how comfort letters support underwriter due diligence and provide assurance on selected financial information.
Highlights
Comfort letters and financial information within. Negative and positive reassurance. Supporting underwriter due diligence.
Prerequisites
None.
Designed For
Auditors, CPAs, CEOs, and other accounting professionals.
Objectives
Identify the purpose of comfort letters and the financial information they cover. Distinguish between negative and positive assurance and the 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 differentiate how comfort letters support underwriter due diligence.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $33.00
Member Price $29.00