The AICPA helps clarify professional ethical obligations when asked for "comfort letters" by lenders and mortgage brokers. Depending on how practitioners respond to such requests, they may be at risk for failing to comply with AICPA professional standards. The letter at issue is usually associated with stated-income loans, which are mortgages that do not require borrowers to document their income. Read this AICPA article to see how CPAs can protect themselves against the risks associated with these situations
http://www.aicpa.org/download/acctstd/How_CPAs_Should_Handle_Requests_from_Mortgage_Brokers.pdf
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