USA CPA Client Request

[bkcpa]

Have any of you ever received the following request:


2. CPA Statement – required for new or renewal contracts. Must certify that the contractor’s bookkeeping practices have been reviewed within the past twelve months and that they are kept in accordance with generally accepted accounting principles (GAAP).


I’m not sure if they want a CPA letter stating that the organization went through an AICPA review or a CPA looked at the books and they are kept in accordance with GAAP. The term “reviewed” is what’s throwing me off. I wouldn’t mind saying I reconciled the books and they follow GAAP – I don’t want to say I “reviewed” the books because it sounds like an AICPA review. What are your thoughts?

 

[kirby]

They want a formal letter from a CPA stating that the CPA did a review.

 

[bkcpa]

They want a formal letter from a CPA stating that the CPA did a review.

An AICPA review or general review?

 

[kirby]

It is not clear from what they wrote. So, a suggested course for you to take is to write a letter stating the procedures you did do that satisfies you that the PRACTICES (not the books) are in accordance with GAAP. (That responds to the way they asked the question.)