CPA Comfort Letter

[Erick Garske]

My lender is requesting a CPA comfort letter.  Has any had experience with a lender requesting this type of document from their CPA? Has your CPA been reluctant to provide such a document due to the perceived liability associated with this letter? I have never received a request for such a document.

Thanks,

Erick

[J Scott]

I have two very good accountants/CPAs.  Neither will provide a letter indicating an "opinion" of my finances.  They will provide factual letters -- indicating that they prepared my returns, indicating my accredited investor status, etc.

From what I've seen/heard, this is pretty standard among the larger accounting/CPA firms. I'm sure there are some smaller firms/individuals who will provide letters, but personally, I'd probably not use a tax professional who was willing to put his business on the line like that.