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October 2013Financial Reporting Center Industry InsightsThirdParty Verification Letters: Questions and Answers Increasingly, CPA's are receiving requests from clients, lenders, mortgage brokers, health

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What is third-party verification?

Third-party verification is the process of having an independent entity confirm the accuracy and truthfulness of information provided.

Who is required to file third-party verification?

Certain entities may be required to file third-party verification depending on the regulations or requirements they need to comply with.

How to fill out third-party verification?

To fill out third-party verification, you typically need to provide the required information and documentation to the designated third-party verification entity.

What is the purpose of third-party verification?

The purpose of third-party verification is to ensure the accuracy and reliability of information provided by having it confirmed by an impartial third party.

What information must be reported on third-party verification?

The specific information that must be reported on a third-party verification form will vary depending on the requirements or regulations governing the verification process.

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