WebApr 5, 2008 · Explanation: bring-down comfort letter Finance Definition. A letter that updates the comfort letter issued prior to closing an initial public offering. The bring-down comfort letter reconfirms the assurances given in the comfort letter that the accountants are comfortable that the unaudited financial data in the company s prospectus follows ... WebCOMFORT LETTERS AND DUE DILIGENCE MEETINGS 3 HKSIR 400 Definitions The definitions used in this HKSIR are: a. Bring-down letter: An abbreviated letter updating …
Comfort Letters and Due Diligence Meetings - Hong …
WebRelated to Auditor Bring Down “Comfort” Letter. Bring-down Comfort Letter A letter from Ernst & Young LLP, in form and substance satisfactory to the Representatives and … WebBring-down Comfort Letters At the Closing Time, the Representatives and the Selling Shareholder shall have received from KPMG LLP a letter or letters, dated as of the Closing Time, to the effect that they reaffirm the statements made in the letter or letters furnished pursuant to Section 6(e) hereof, except that the specified date referred to ... theme openwrt
What Is a Comfort Letter? Definition, How It
WebFor an example of a typical "bring down" comfort letter, see Example C of the Appendix to SAS 72. Sometimes the comfort letter dated the pricing date covers both the preliminary and final prospectus. In these circumstances, as a practical matter, the actual comfort letter is agreed upon but not actually delivered until the day after the pricing ... WebSep 4, 2024 · In the context of negotiating a comfort letter and a bring-down comfort letter, the first question presented by the 135-day Rule is what date has to be within 135 … Weba comfort letter or take part in a due diligence or verification meeting with persons fulfilling a similar role to issue managers, sponsors, managers and/or underwriters in connection … tigers game yesterday score