KPMG
KPMGLLP
Suite 1700
100 North Tampa Street
Tampa, FL 33602
July 19, 2005
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for International Assets Holding Corporation and, under the date of December 12, 2004, except as to Note 2, which is as of May 2l, 2005, we reported on the consolidated financial statement of International Assets Holding Corporation and subsidiaries as of and for the years ended September 30, 2004 and 2003. On July 13, 2005, we resigned. We have read International Assets Holding Corporation's statements included under Item 4.01 of its Form 8-K dated July 19, 2005, and we agree with such statements, except that we are not in a position to agree or disagree with any of the statements made under Item 4.01(b).
Very truly yours,
KPMG LLP
KPMG LLP, a U.S. limited liability partnership, is the U.S.
member firm of KPMG International, a Swiss cooperative.