Transcription of The ABA Statement on Audit Responses: A Framework that …
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The ABA Statement on Audit Responses: A Framework that …
The ABA Statement on Audit Responses: A Framework that Has Stood the Test of TimeBy Alan J. Wilson, Stanley Keller, Randall D. McClanahan, Noe l J. Para, James , and Thomas W. White, Audit Responses Committee, ABA BusinessLaw Section*This article summarizes key developments in the preparation of Audit response lettersconcerning loss contingencies since the American Bar Association Statement of Policy Re-garding Lawyers Responses to Auditors Requests for Information was published in developments illustrate both the utility of the Framework set forth in the ABA State-ment and the responsiveness of the American Bar Association through the Business LawSection Audit Responses Committee (and predecessor committees)
Jul 01, 2020 · Accountants (“AICPA”) issued Statement on Auditing Standard 12, Inquiry of a Client’s Lawyer Concerning Litigation, Claims, and Assessments.10 II. STATEMENT OF POLICY REGARDING LAWYERS’RESPONSES TO AUDITORS’REQUESTS FOR INFORMATION, AND RELATED COMMENTARY AND ILLUSTRATIVE FORMS OF RESPONSES
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