Series 79 practice questioneasyProspectus Requirements
Comfort letters in the context of a securities offering are typically provided by which party?
- AThe lead underwriter
- BThe transfer agent
- CThe SEC
- DThe company’s independent public accountants✓ Correct answer
Explanation
Why D — The company’s independent public accountants
Comfort letters are provided by independent auditors to assure underwriters about financial statement accuracy. The trap is confusing their role with that of underwriters or the SEC, who do not provide such letters.
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