AS 6101 - Letters for Underwriters (Comfort Letters)

AS 6101 establishes the audit firm's responsibilities when issuing comfort letters to underwriters, detailing the procedures, content, and limitations of such letters. It requires the auditor to confirm that the financial statements are fairly presented and to disclose any qualifications, while ensuring the letter is based on audit evidence obtained in accordance with applicable standards. The standard also guides communication between the auditor, issuer, and underwriter to manage reliance and liability.