SAS 72 Auditor Representation Letter


Summary

This form of SAS 72 auditor representation letter may be delivered by the underwriters (or certain other parties) to an issuer's independent accountants to request a SAS 72 comfort letter. This form (also called an underwriter representation or auditor representation letter) can be used for both registered and unregistered offerings This form includes practical guidance, drafting notes, and optional clauses.The requirements for SAS 72 originate from U.S. accounting professional's standards, first articulated in Statement on Auditing Standards No. 72, which has been superseded by Auditing Standards 6101 (AS 6101). The relevant auditing standard may be found at https://pcaobus.org/Standards/Auditing/Pages/AS6101.aspx. However, in common practice, the term SAS 72 is still often used when referring to the standards. A form of representation letter is available under paragraph .07 of AS 6101. Please note that in practice, many auditors will provide their own standard form of representation ...