I've seen this before. The bank wants the client to sign anywhere on the open space of the balance sheet. I told the bank this is highly irregular and unnecessary but they wanted it. Have your client sign the balance sheet near the bottom and submit.
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Stephen Hatzistefanidis
KONSTANTINOS HATZISTEFANIDIS, CPA
Astoria NY
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Original Message:
Sent: 01-21-2021 08:02 AM
From: Abby Alhante
Subject: "The Citibank underwriter is literally just asking that the Balance Sheet be signed."
Hi Debbie
Whose signature are they asking for ?
Abby Alhante, CPA
Kurcias & Alhante, LLC CPAs
525 Broadhollow Road Suite 104
Melville NY 11747
516.829-5890 Ext 2 Fax 516-829-3976
Mobile 516-381-9301
AbbyA@KurciasAlhanteCPAs.com
( E mail response preferred )
Original Message:
Sent: 1/20/2021 11:43:00 AM
From: Debbie Zelen
Subject: "The Citibank underwriter is literally just asking that the Balance Sheet be signed."
Hi All,
About a month ago I posted "Hi All, Client engagement is for bookkeeping services only. The client is requesting YTD P&L (which I know is needed for a loan application). What disclaimer should I insert on the bottom of each page if I send an unadjusted report from Quickbooks to the client?
Thanks." and I received great responses.
Prepared financial statements are apparently not necessary. I received this message from my client who is still waiting for loan approval.
"The Citibank underwriter is literally just asking that the Balance Sheet be signed."
Has anyone ever seen this? It doesn't seem appropriate to me.
Your thoughts please.
Thanks again.
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Deborah J. Zelen, CPA
Melville, NY 11747
917-923-5331
debbie@djzcpa.com
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