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What is a comfort letter?

Auditing
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Question added by HANNA SABA , Team Leader (Administrative Support), including translation, editing, and writing , Deloitte
Date Posted: 2014/07/06
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ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

'COMFORT LETTER'

A letter given to organizations or persons of interest by external auditors regarding statutory audits, statements and reports used in a PROSPECTUS. The comfort letter will be attached to the preliminary statements as assurance that it will not be materially different from the final version. 

 

Also known as "letter of comfort" or "solvency opinion".

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