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https://www.mia.org.my/v2/downloads/ppt/auditing/publications/2009/10/15/MIA_Letter_of_Financial_Support.pdf
The letter of financial support is an undertaking, usually but not necessary by a holding company giving comfort about financial support to be provided to its subsidiary company. The letter of financial support is used as a mean of obtaining audit evidence for events which may give rise
https://57slang.wordpress.com/2006/09/28/letter-of-financial-support/
Sep 28, 2006 · Letter Of Financial Support One major role of the external auditor is to ensure a true and fair of the financial statements. In line with this, is the going concern concept whereby it is critical that the continuing “survival” of the company be confirmed particularly if it has very high current ratio, gearing ratio and amount owing to its ...
https://www.lexology.com/library/detail.aspx?g=da29dd02-1b1b-4f13-bc68-67d19fbb20b1
May 14, 2013 · For a letter of support to create a binding legal commitment, the normal contractual requirements of offer and acceptance, consideration, certainty as to terms and intention to create legal ...
https://www.readyratios.com/reference/audit/comfort_letter.html
Definition. A comfort letter is a document that an accounting firm prepares to assure the backing of the company or the financial soundness. A comfort letter is used for various purposes. In banking, this document means an informal letter that a bank gives to assure a customer that it is willing to provide short- term loan to support him when required.
http://howtowritealetter.net/Letter-of-Financial-Support.html
Letter of Financial Support from Parents Sample. To whom It May Concern, I, Lindsey Liander, born in Denver, Colorado, on August 18, 1960, do provide this letter of financial support and accompanying bank statement, to confirm funding for my son, Ollie Liander, during his study at Barth University, from 09/20/2009 to 07/20/2013.
https://corporatefinanceinstitute.com/resources/knowledge/accounting/audited-financial-statements/
An auditor issues an audit opinion letter after completing the audit process, and this is included in the audited financial statements. In this letter, the auditor reveals the financial statements reviewed and the audit method used. If there were no material errors in the financial statements, then the auditor will give an audit opinion that ...
http://www.ifac.org/system/files/downloads/IAASB_Staff_Audit_Practice_Alerts_2009_01.pdf
of the financial statements in the current environment. In particular, management, those charged with governance ... or otherwise reflected, in the financial statements. While the Staff Audit Practice Alert, “Challenges in Audit- ... prepared by management to support its going concern assessment.
https://www.accountingweb.co.uk/any-answers/validity-of-letter-of-support
My audit client has gone into liquidation despite the parent company (whom I do not audit) providing me with a continuing letter of support as part of my audit (so signed off as a going concern).
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