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https://www.lexology.com/library/detail.aspx?g=da29dd02-1b1b-4f13-bc68-67d19fbb20b1
May 14, 2013 · The High Court has decided that letters of support provided by a parent company did not have contractual force. The letters did no more than provide …
https://www.readyratios.com/reference/audit/comfort_letter.html
Comfort letter is occasionally used for an initial public offering. This is also sometimes offered by the people who are involved in the evaluation of the assets of the company. Often, a comfort letter is also issued by a parent company to its subsidiary as a written assurance to support it, if and when any financial difficulty arises.
https://www.investopedia.com/terms/c/comfort_letter.asp
Finally, another broad category of comfort letters may be sent by a parent company on behalf of a subsidiary.The parent company might send a letter to a local bank that is considering a loan to ...
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).
https://corporatefinanceinstitute.com/resources/knowledge/other/comfort-letter/
A comfort letter is a document of assurance issued by a parent company or an accounting firm to reassure a subsidiary company of its willingness to provide financial support. It is an affirmation letter, not a confirmation letter, that offers backups where a customer …
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.acowtancy.com/textbook/acca-aaa/group-audits/support-letters/notes
As audit evidence: Formal confirmation is a ‘comfort letter’ confirming the parent ’s intention to keep the subsidiary in operational existence. This letter of support should normally be approved by a board minute of the parent company
http://www.mwblaw.dk/en/Nyheder/Nyheder%202011/2011-10-28%20Moderselskabets%20afgivelse%20af%20stoetteerklaering.aspx
The parent company's letter of support Date 1 nov. 2011 The case in brief. On 27 June 2011, The Supreme Court gave judgment in a case concerning a parent company’s (hereinafter the ”Parent Company”) letter of support to one of the subsidiary company’s (hereinafter the ”Subsidiary”) trading partners (hereinafter the ”Trading Partner”).
https://files.ifrssystem.com/PFS/GoingConcern.pdf
ultimate parent company has pledged its continuing support for a minimum of 12 months from the date of issuing these financial statements. Simple example where cash flow forecasts are sufficient to support going concern basis The consolidated financial statements have …
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