Define Comfort Letter

The bring down comfort letter reconfirms the assurances given in the comfort letter that the accountants are comfortable that the unaudited financial data in the company s prospectus follows generally accepted accounting principles.

Define comfort letter. Informal letter from a bank indicating its willingness to support a customer with a short term loan if and when required. It is also called solvency opinion. Informal document issued by the accountants of a company ratifying that the financial information provided is accurate and in accordance with relevant accounting principles.

A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. A letter of comfort is often couched in vague wording in order to prevent. A comfort letter is a document prepared by an accounting firm.

Definition of bring down comfort letter. Definition of comfort letter. A comfort letter is a business document that is intended to assure the recipient that a financial or contractual obligation with another party can and will be met.

The letter states that the accountants are comfortable with the unaudited financial data in the company s prospectus and that the company foll. The comfort letter can be issued by a certified public accountant declaring no indication of false or misleading information in the financial statements and that the company s prospectus follows the prevailing accounting standards. A letter of comfort is a written document that provides a level of assurance that an obligation will ultimately be met.

It assures the financial soundness or backing of a company. A letter that updates the comfort letter issued prior to closing an initial public offering. A letter from an accounting firm given to a company before the company goes public.