bring-down comfort letter

Definition

Informal document issued by the accountants of a company ratifying that the financial information provided is accurate and in accordance with relevant accounting principles. The bring-down letter is used to further verify that the accountants ratify the initial comfort letter. Often used when a company is planning to issue an IPO.

Related Videos




http://www.businessdictionary.com/definition/bring-down-comfort-letter.html

Have a question about this term? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z