MLchartDataset catalogue

Comfort letter

Term · Law · MLC-T-LAW-001077

A letter from an issuer's independent auditors to the underwriters in a securities offering, giving negative assurance on unaudited financial information and on changes in financial items after the date of the latest audited balance sheet, and confirming the auditors' independence. Underwriters rely on it as part of the due diligence defense available to them under section 11 of the Securities Act. For public company offerings the professional standard is PCAOB AS 6101.

Table 1. Record
IdentifierMLC-T-LAW-001077
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001077",
  "term": "Comfort letter",
  "field": "Law",
  "definition": "A letter from an issuer's independent auditors to the underwriters in a securities offering, giving negative assurance on unaudited financial information and on changes in financial items after the date of the latest audited balance sheet, and confirming the auditors' independence. Underwriters rely on it as part of the due diligence defense available to them under section 11 of the Securities Act. For public company offerings the professional standard is PCAOB AS 6101.",
  "url": "https://mlchart.com/terminology/law/comfort-letter/"
}

Record 906 of 5,441 in Law terminology (MLC-0107). Request the full dataset.