Practice management


CPAs can find nonauthoritative guidance on how to respond to requests for client information in connection with a pending loan application from Technical Question and Answer (TPA) 9110.19, which was developed by the AICPA Accounting and Auditing Technical Hotline.

Prospective borrowers are asked to furnish only limited information in connection with the no-documentation or low-documentation loans that are popular options within the lending community, especially in lending to the self-employed.

But lenders or brokers still attempt to assess a borrower’s creditworthiness and verify the accuracy of information the borrower has provided them. TPA 9110.19 provides nonauthoritative guidance for CPAs on how to answer such a request from a client, lender, or loan broker to confirm client information.

The TPA is available at tinyurl.com/3so64k8.

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.