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comfort letter Finance Definition

A letter from an accounting firm given to a company before the company goes public. The letter states that the accountants are comfortable with the unaudited financial data in the company’s prospectus and that the company follows generally accepted accounting principles. The letter also states that no material changes have occurred since the financial reports were prepared. Investors use the comfort letter to assure themselves that the company’s financial statements are accurate.

Browse dictionary entries near comfort letter

  1. ‹ comfort food
  2. ‹ comfort
  3. ‹ comfit
  4. ‹ comeuppance
  5. ‹ comet
  6. ‹ comestibles
  7. ‹ comestible
  8. ‹ comer
  9. ‹ Comenius
  10. ‹ comely
  1. comfort noise ›
  2. comfort station ›
  3. comfortable ›
  4. comfortably ›
  5. comforter ›
  6. comforting ›
  7. comfortless ›
  8. comfrey ›
  9. comfy ›
  10. comic ›