Letters for underwriters are commonly called:
A) general use letters.
B) target letters.
C) comfort letters.
D) due diligence letters.
E) financial letters.

Question

Quizplus · Accepted Answer

Letters for underwriters are commonly called comfort letters. These letters are provided by a company's independent auditor to the underwriters of securities being issued by the company. The letters provide additional information and assurances regarding the company's financial statements and other material information included in the registration statement.

Letters for Underwriters Are Commonly Called