Responding to Pressure to Provide CPA-to-Lender Comfort Letters
CPAs at times come under fire from banks and other lenders pressuring them to provide assurances regarding their clients' financial strength.
Many CPAs have shared their frustrations and concerns with CAMICO regarding veiled threats from aggressive brokers and lenders alleging that their clients won't qualify for a loan without a letter from the CPA supporting the client's loan qualifications. Some brokers have even suggested that the client should seek a "more cooperative" CPA.