What level of assurance will be required from the sponsor’s accountants that a non-mortgage-backed ABS is TALF eligible?
As a condition of the disbursement of the TALF loan, an accounting firm retained by the sponsor must provide an attestation indicating that the ABS is TALF eligible. The accounting firm providing the attestation must be a nationally recognized certified public accounting firm that is registered with the Public Company Accounting Oversight Board. The form of the attestation is available here. SBA Pool Certificates and Development Company Participation Certificates need not be accompanied by an auditor attestation.
Related Questions
- What level of assurance will be required from the sponsor’s accountants that a non-mortgage-backed ABS is TALF eligible?
- What kind of assurance will be required from the sponsor’s accountants that a newly issued CMBS is TALF eligible?
- What level of assurance will be required from the sponsor’s accountants that the ABS is TALF eligible?
