135-Day Rule

Definition:

Accounting guidance under AU Section 634, generally referred to as SAS 72, that permits Negative Assurance to be provided by an accounting firm in its Comfort Letter in connection with an offering. This type of comfort must be delivered no more than 135 days from the end of the most recent period for which the accounting firm has performed its audit or review. Such date is also known as Cut-off Date.

Return to Glossary

Your complete M&A platform

Datasite provides you one end-to-end platform that supports you across all stages of the deal.