Auditor’s Letter Handbook, Second Edition provides a consolidated review of the major official pronouncements and unofficial commentaries on the subject of audit inquiries and lawyers’ responses. The publication has proved beneficial to attorneys, ranging from solo and small-firm lawyers to outside general counsel in large firms who deal with company auditors either occasionally or routinely.
The Second Edition is published by the Audit Responses Committee of the ABA Business Law Section. The book captures a host of changes since the American Bar Association Statement of Policy Regarding Lawyers’ Responses to Auditors’ Requests for Information and the American Institute of Certified Public Accountants related Statement of Auditing Standards No. 12 of nearly 40 years ago. Most recently, there has been an increased emphasis on the quality of loss contingency disclosure, an expansion of U.S. Securities and Exchange Commission enforcement actions and private litigation against accountants and other professionals, and a new regulatory regime for the accounting profession established by the Sarbanes-Oxley Act of 2002.
The book notes that despite these changes, the ABA statement of 1975 has stood the test of time and shown its flexibility to adapt to meet changing circumstances.
Title: Auditor’s Letter Handbook, Second Edition
Publisher: ABA Business Law Section
Product Code: 5070665
Orders: 800-285-2221 or www.ShopABA.org
Editor’s note: Review copies are available by sending an email to Sarah Sbertoli at Sarah.Sbertoli@americanbar.org. If you publish a review of this book, please send tear sheets or a copy for our files to Sarah Sbertoli, American Bar Association, Book Publishing, 321 N. Clark St., Chicago, IL 60654.
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