Self-Study Course Details
Course Description
Frequently, third parties may request certain financial and nonfinancial information to be verified by the external accountant (often referred to as “comfort letters”). This course will provide insight into how to respond to requests for comfort in a way that will minimize professional liability risk.
Major Topics:
- Common third party verification requests
- Differentiating the allowable options for responding to requests for comfort, including SSARS, SAS and SSAE engagements
- Critical elements of professional standards that may apply to nonattest and attest services performed
- Establishing an understanding with the client regarding the nature and scope of services
Learning Objectives
- Identify the various nonattest and attest options available for appropriately responding to third party verification requests
- Recognize how to select the most appropriate type of engagement to meet the client’s needs
- Discover how to meet the needs of your client and satisfy third parties, without putting your practice at risk
Prerequisites
- None
Advanced Preparation
None
Author Details
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Jennifer Louis
Jennifer has over 20 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis. Jennifer serves a wide variety of clients, including public accounting firms, private industry corporations, and public sector agencies.
NASBA Sponsor
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Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
$32.00
CPE
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Webinars: CPE certificates will be accessible through your dashboard 1 hour after a webinar concludes.
Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
For specific instructions on accessing your CPE, please see our FAQ section on our support page.
- Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.
Purchase options
Self-Study Course
Third Party Verification (Comfort) Requests – What Are Options for Responding and How to Determine Which Professional Standards to Apply?
- by Jennifer Louis
- Credits: 2.00
$32.00
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