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LSDefine

Simple English definitions for legal terms

comfort letter

Read a random definition: relinquished property

A quick definition of comfort letter:

A comfort letter is a statement from an auditor that says they reviewed a company's financial information and it is accurate. When companies sell stocks to the public, underwriters ask for comfort letters to protect themselves from being sued for securities fraud. The letter includes information about the auditor's independence, how they checked the financial information, and how confident they are that it is accurate. If the financial information has been audited, the auditor will say they are very sure it is accurate. If it hasn't been audited, they will only say they didn't see any problems.

A more thorough explanation:

A comfort letter is a statement from an auditor that confirms the accuracy of a company's financial data. It is often requested by underwriters in public offerings to establish a due diligence defense against liability for securities fraud. The letter includes information about the auditor's independence, the accuracy of the financial statements, and the procedures used to review them.

For example, if a company is planning to go public and sell shares of stock, the underwriters may request a comfort letter from the company's auditor. The letter would confirm that the financial statements provided by the company are accurate and comply with accounting standards.

Another example is when a company is seeking a loan from a bank. The bank may request a comfort letter from the company's auditor to confirm the accuracy of the financial statements provided by the company.

These examples illustrate how comfort letters are used to provide assurance to third parties about the accuracy of a company's financial data.

comfort care | coming to the nuisance

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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