Bankers need to stop battling with auditors over arrangement
letters. Such conflicts are a waste of time
as are the arrangement letters themselves.
A huge portion of the debate we have is on the content
of arrangement letters. Its a terrible waste, said
Ernst & Youngs Matthew Sutton at IFLRs Asia
Capital Markets Forum on Wednesday. Im not a
particular fan of arrangement letters and dont like the
ICMA [International Capital Markets Association] format where
the rules of the comfort letter are outlined in an arrangement
In a session on the perennial...