Among other things, a letter from an independent auditor stating that certain specified information is correctly prepared to the best of the auditor's knowledge.
A letter delivered by the auditors for an issuer a... Add a comment
A letter issued through a state voluntary cleanup program, that typically states that a site complies with the program's requirements, is clean enough for the intended use, and that no future enforcement action is expected unless conditions or uses of the site change. The letter typically does not provide legally enforceable rights such as relief from liability.
A letter from an auditor to the underwriter of a new issue of municipal securities stating that financial statements (typically audited statements) appearing in the official statement have been prepared in accordance with applicable auditing standards and that nothing has come to the attention of the auditor to indicate that such financial statements are incorrect or that there have been any material changes since such statements were prepared. Compare: AGREED UPON PROCEDURES LETTER.
An accounting firm's statement provided to a company preparing for a public offering, confirming that unaudited financial data in the prospectus follows GAAP, and that no significant changes have occurred since the report was prepared.
A letter from an independent auditor in securities underwriting agreements to assure that information in the registration statement and prospectus is correctly prepared to the best of the auditor's knowledge.
a letter from the hotel licensor which gives "comfort" to a lender where the hotel licensor agrees that it will not terminate its license agreement if a lender exercises default remedies under its loan documents
a letter provided by a certified public accountant when the bond purchase agreement is executed
A letter provided by independent accountants reporting on the financial condition of a company, usually for an interim period since the last audit.
An informal letter from the buyers banking relationship indicating a general knowledge about the proposed transaction and a willingness to lend funds to the buyer. This is not to be confused with a commitment letter.
The independent auditor's letter in an underwriting agreement that assures the information in the registration statement is correct and that no changes have been made.
A letter written by an independent auditor stating that there has been no material change in a company’s accounts between the preparation of a prospectus for anew share issue and the time that the prospectus is distributed to potential investors. Comfort letters are a requirement of US securities legislation.
A letter provided by the company's independent accountants, at the underwriters' request as part of their due diligence that details the performance of specified procedures and findings and contains certain representations.
Letter provided by a company's independent public accountant to an underwriter when the underwriter has a DUE DILIGENCE responsibility under Section 11 of the Securities Act of 1933 regarding financial information included in an offering statement.
1. Independent auditor's letter, required in securities underwriting agreements, to assure that information in the registration statement and prospectus is correctly prepared and that no material changes have occurred since its preparation. It is sometimes called cold comfort letter-cold because the accountants do not state positively that the information is correct, only that nothing has come to their attention to indicate it is not correct. 2. Letter from one to another of the parties to a legal agreement stating that certain actions not clearly covered in the agreement will-or will not-be taken. Such declarations of intent usually deal with matters that are of importance only to the parties and do not concern other signers of the agreement.
A letter filed with the applicable securities commissions by a company's auditor when submitting unsigned financial statements for use in a prospectus. The letter says that the final format of the statements should not be materially different from those attached to the letter. The letter is required because the auditor does not sign the report until the final prospectus is prepared for distribution. The signing is done after the securities commissions have reviewed the prospectus and any required changes have been made.
An accounting firm's statement provided to a company preparing to go public. The letter indicates the accountants' comfort that unaudited financial data in the company's prospectus consistently follow generally accepted accounting principles, and no material changes have occurred since the report was prepared.