Statements of Position



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This exposure draft was developed by the Advisory Task Force on Comfort Letters, an ad hoc committee created to advise the Committee on Auditing Procedure on the revision of SAP 35. SAP 35 was issued in November 1965 to provide guidance for independent public accountants in preparing comfort letters. Extensive experience with that SAP, the growing frequency of requests for comfort letters to cover matters not traditionally within the province of independent public accountants, and uncertainty among accountants, clients and underwriters as to the nature and scope of comfort letters suggested the desirability of expanding and revising SAP 35.

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Securities -- United States -- Accounting; Stocks -- United States -- Accounting; Auditors -- United States -- Correspondence


Accounting | Taxation


Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Memorandum on exposure draft of statement on auditing procedure on



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