Comfort Letters

A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company.

Comfort letters. The sender is often an. Letter of comfort. According to germany leipzig airport sought but was unable to cover the risks eventually addressed by the comfort letter through private financial institutions.

If requested by the agent the company shall also cause a comfort letter to be furnished to the agent within ten 10 trading days of the date of occurrence of any material transaction or event requiring the filing of a current report on form 8 k containing material amended financial information of the company including the restatement of the company s financial statements. Therefore care is needed when drafting a 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.

Letters of comfort may be mere expressions of goodwill vary through representations or statements giving rise to potential liabilities or be enforceable undertakings by way of guarantee or indemnity. The comfort letter must not be implemented. Vedi di più ancora nel dizionario inglese cambridge dictionary.

Cos è comfort letter una lettera dato a organizzazioni o persone di interesse da parte di revisori esterni in materia di revisione legale le dichiarazioni e report utilizzati in un prospetto. A letter of comfort is a written document that provides a level of assurance that an obligation will ultimately be met. Che cosa è comfort letter.

Comfort letter definizione significato pronuncia audio sinonimi e più ancora. 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. La lettera di patronage non deve entrare in effetto.

In equity offerings a letter from the issuer s accountants delivered to the underwriters as part of the due diligence process to provide amongst other things independent assurance that no serious adverse changes have occurred in the financial condition of the issuer during the period since its last audited financial statements up to closing. A letter of comfort is often couched in vague wording in order to prevent. Letters of comfort are used in many spheres of industry commerce regulated and state controlled activities government and regulation.