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  • 1.  "The Citibank underwriter is literally just asking that the Balance Sheet be signed."

    Silver Most Valuable Member
    Posted 01-20-2021 11:43 AM
    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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  • 2.  RE: "The Citibank underwriter is literally just asking that the Balance Sheet be signed."

    Platinum Most Valuable Member
    Posted 01-21-2021 08:03 AM

    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 )

     

     






  • 3.  RE: "The Citibank underwriter is literally just asking that the Balance Sheet be signed."

    Posted 01-22-2021 06:45 AM
    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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Discussion Disclaimer

The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting opinion.