Auditor's Letter Handbook, Second Edition

Name: Auditor's Letter Handbook, Second Edition
Price: 54.95 USD
Availability: InStock
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4.40 of 5 Stars: Law Practice - Auditor's Letter Handbook, Second Edition

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Book Synopsis: The Second Edition of this best-selling ABA guide contains the original 1975 Statement of Policy Regarding Lawyers' Responses to Auditors' Requests for Information. Much has changed since the American Bar Association Statement of Policy Regarding Lawyers' Responses to Auditors' Requests for Information ("the ABA Statement") and the American Institute of Certified Public Accountants' ("AICPA") related Statement of Auditing Standards No. 12 ("SAS 12") were approved in December 1975 and January 1976, respectively. There has been an increased emphasis on the quality of loss contingency disclosure, an expansion of private litigation and SEC enforcement actions against accountants and other professionals, and a new regulatory regime for the accounting profession established by the Sarbanes-Oxley Act of 2002. Despite these changes, the ABA Statement has stood the test of time and shown its flexibility to adapt to meet changing circumstances. Another development since the ABA Statement was approved has been the increasing relevance of international accounting and auditing standards and the expansion of cross-border practice by law firms. International Financial Reporting Standards ("IFRS") adopted by the International Accounting Standards Board have become the accounting standards in many countries throughout the world other than the United States. Canada, for example, recently converted to IFRS for publicly traded companies. This resource is a must-have for inside and outside counsel in dealing with the auditor's need for corroboration of information furnished by management concerning litigation, claims, and assessments. It comprises a consolidated presentation of the principal official pronouncements and unofficial commentaries on the subject of audit inquiries and lawyers' responses. This book is published by the Audit Responses Committee of the ABA Business Law Section.

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Looking for a comprehensive guide to navigate the complex relationship between auditors and lawyers? Look no further! Introducing the Auditor's Letter Handbook, Second Edition. This best-selling ABA guide is a game-changer for legal professionals dealing with audit inquiries.

With the changing landscape of the legal and accounting professions, it's crucial to stay up-to-date with the latest industry standards. Our Handbook includes the original 1975 ABA Statement of Policy Regarding Lawyers' Responses to Auditors' Requests for Information, offering a timeless foundation to build upon. But that's not all – we've also incorporated the relevant changes brought about by recent developments.

In an era where quality loss contingency disclosure is of paramount importance, this Handbook goes above and beyond to provide invaluable insights. Our expertly curated content helps you navigate the expanding world of private litigation and SEC enforcement actions against accountants and other professionals. Plus, it empowers you to understand and comply with the new regulatory regime established by the Sarbanes-Oxley Act of 2002.

The Auditor's Letter Handbook caters to the evolving needs of modern law firms by addressing the increasing relevance of international accounting and auditing standards. As the International Financial Reporting Standards (IFRS) gain prominence across the globe, our Handbook ensures you're well-equipped to handle cross-border practice and stay ahead of the curve.

This essential resource, published by the ABA Business Law Section's Audit Responses Committee, offers a consolidated presentation of all the important official pronouncements and unofficial commentaries on the subject of audit inquiries and lawyers' responses. It's a must-have for both inside and outside counsel dealing with litigation, claims, and assessments.

Don't miss out on enhancing your professional expertise. Get your copy of the Auditor's Letter Handbook, Second Edition today and discover the comprehensive guide that will revolutionize the way you handle audit inquiries. Click here to order now!

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