SAS 72 Section 634 Letters for Underwriters and Certain Other Requesting Parties

This section  provides guidance to accountants for performing and
reporting on the results of engagements to issue letters for underwriters and
certain other requesting parties described in and meeting the requirements of
paragraph .03, .04, or .05 (commonly referred to as «comfort letters») in connection
with financial statements and financial statement schedules contained
in registration statements filed with the Securities and Exchange Commission
(SEC) under the Securities Act of 1933 (the act) and other securities offerings.
In paragraph .09, this section also provides guidance to accountants for performing
and reporting on the results of engagements to issue letters for certain
requesting parties, other than underwriters or other parties with a due diligence
defense under Section 11 of the act, that are described in, but do not
meet the requirements of, paragraph .03, .04, or .05. [As amended, effective for
letters issued pursuant to paragraph .09 of this section after April 30, 1996, by
Statement on Auditing Standards No. 76.]