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It is a brief summary also known as the auditor's opinion. An accountant's letter states the auditor's opinion of the financial statements, which can be "unqualified," meaning that no issues were found or "qualified," meaning that deficiencies were found in the company's reporting.
An audit opinion (or independent auditor's report) is a certification that accompanies financial statements. Auditors examine information that supports the financial statements to provide a formal auditor's opinion.
A CPA letter, also known as comfort letter or income verification letter, is an official document issued by a certified public accountant (CPA) attesting to the accuracy of a client's income and expense statements and confirming that they comply with IRS guidelines.
An accountant's opinion is a statement by an independent accountant expressing its view regarding the quality of information in a set of financial reports. For audits in the U.S., the opinion may be unqualified and in ance with generally accepted accounting principles (GAAP), qualified or adverse.
An accountant's letter is a written statement by an independent auditor that precedes a company's financial report. The accountant's letter summarizes the scope of the accountant's audit and its results in very general terms. It is a brief summary also known as the auditor's opinion.
Management Letter means a letter prepared by the auditor which discusses findings and recommendations for improvements in internal control, that were identified during the audit and were not required to be included in the auditor's report on internal control, and other management issues.