- comfort letter
- A letter from an independent auditor included in a preliminary prospectus stating that, while a full audit has not been undertaken, the auditor has done a 'review' sufficient to assure that financial statement information in the preliminary prospectus is correctly prepared to the best of the auditor's knowledge. The auditor in effect states that, had a full audit been done, they are comfortable that the audited financial statements would not be materially different from the ones presented in the preliminary prospectus. Bloomberg Financial Dictionary
* * *comfort letter comfort letter ➔ letter
* * *comfort letter UK }} US }} noun [C] ACCOUNTING, FINANCE
Financial and business terms. 2012.