Which of the following matters is covered in a typical comfort letter?

  1. Negative assurance concerning whether the entity’s internal control procedures operated as designed during the period being audited.
  2. An opinion regarding whether the entity complied with laws and regulations under Government Auditing Standards and the Single Audit Act of 1984.
  3. Positive assurance concerning whether unaudited condensed financial information complied with generally accepted accounting principles.
  4. An opinion as to whether the audited financial statements comply in form with the accounting requirements of the SEC.