Auditor's Letter Handbook - 2nd Edition cover
American Bar Association Casebook Series

All books · 2nd Edition

Auditor's Letter Handbook - 2nd Edition

ISBN
9781614389736
Publisher
American Bar Association
Edition
2nd Edition
Condition
$50.99 one-time purchase · 15% restocking fee on returns

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Auditor's Letter Handbook 2nd Edition ISBN 9781614389736

The second edition of this best-selling ABA guide includes the original 1975 Statement of Policy Regarding Lawyers’ Responses to Auditors’ Requests for Information. Since the approval of the American Bar Association’s Statement of Policy (the “ABA Statement”) in December 1975 and the related Statement of Auditing Standards No. 12 (“SAS 12”) issued by the American Institute of Certified Public Accountants in January 1976, the legal and regulatory landscape has changed significantly.

These changes include heightened expectations for loss contingency disclosures, expanded private litigation, increased SEC enforcement actions against accountants and other professionals, and the introduction of a new regulatory framework for the accounting profession under the Sarbanes-Oxley Act of 2002. Despite these developments, the ABA Statement has endured, demonstrating its adaptability and continued relevance in an evolving environment.

Since the ABA Statement’s adoption, international accounting and auditing standards have also gained prominence, alongside the growth of cross-border legal practice. International Financial Reporting Standards (IFRS), established by the International Accounting Standards Board, are now used in many countries outside the United States. Canada, for example, has adopted IFRS for publicly traded companies.

This resource is an essential reference for both in-house and outside counsel addressing auditors’ requests for corroboration of management-provided information relating to litigation, claims, and assessments. It offers a comprehensive compilation of the key official pronouncements and influential commentaries governing audit inquiries and lawyers’ responses. The book is published by the Audit Responses Committee of the ABA Business Law Section.

Auditor's Letter Handbook 2nd Edition ISBN 9781614389736, 978-1614389736 & 9781614389743

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