U.S.CPA练习题精选：AUD 13

Which of the following statements is correct concerning letters for underwriters, commonly referred to as comfort letters?

a.Letters for underwriters typically give negative assurance on unaudited interim financial information.

b.Letters for underwriters ordinarily update auditors' opinions on the prior year's financial statements.

c.Letters for underwriters are required by the Securities Act of 1933 for the initial public sale of registered securities.

d.Letters for underwriters usually are included in the registration statement accompanying a prospectus.

【答案解析】A

Choice "a" is correct. Comments concerning the unaudited interim financial information provide negative assurance as to whether any material modifications should be made to the unaudited interim financial information in order for it to be in conformity with GAAP.

Choice "c" is incorrect. Comfort letters are not required by the Securities Act of 1933, and copies are not filed with the SEC.

Choice "d" is incorrect. Comfort letters are addressed to the underwriter and are not included in the registration statement accompanying the prospectus.

Choice "b" is incorrect. The comfort letter does not update the opinion on previous financial statements. Often, underwriters will request that the accountants repeat in the comfort letter their report on the audited financial statements. Because of the special significance of the auditor's report, the auditors should not repeat their report.