Level of Comfort

Definition:

In the context of a Comfort Letter, the actions undertaken to verify, or provide comfort about, figures or accounting-related information in an offering document. The highest level of comfort is generally confirmation that the information was directly extracted from audited Financial Statement(s). The procedure is undertaken by the External Auditors. As part of the Tick and Tie process a symbol representing a particular category of comfort is added next to each figure comforted in the offering document to denote the appropriate Level of Comfort.

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