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Resource ID: #793
Subject: Business
Source: Wall Street Journal (New York)
Affiliation: 
Date: Jan. 14, 1988

Description

Wall Street Journal article says big accounting firms are setting themselves up for trouble by writing "solvency letters"--a reassurance to lenders that a company taking on debt will remain solvent; it's a service provided for a fee but not based on an audit of a firm's finances.

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