The Dentons DCM team present a Quick Guide to Auditor Comfort Letters, an overview of why comfort letters are required by managers on most bond issues, what level of "comfort" the letter actually provides, common issues that arise in the negotiation of comfort letters, as well as how certain special situations may be addressed. A properly prepared comfort letter whose findings have been read, considered and acted upon as necessary, may offer managers a shield to liability in relation to matters arising from the financial information included in an offering document, as part of a due diligence defence.

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