Auditor Arrangement Letter
Definition:
A letter between an auditor, the issuer and the underwriters that sets out the scope of the auditor’s engagement with respect to the Comfort Letter for a Regulation S Offering. In addition, the letter may relate to the procedures undertaken by the auditors with respect to the Regulation S portion of an offering and other work outside the United States and specifies that the letter does not apply to or affect the Comfort Letter with respect to the Rule 144A Offering or other work in the United States.
Also referred to as an Auditor Engagement Letter.