American Bar Association
 
Audit Responses Committee

ABA Section of Business Law


Audit Responses Committee


Mission Statement

The mission of the Audit Responses Committee is to be a resource concerning lawyers' responses to auditor inquiries and related financial reporting and disclosure issues, focusing on implementation of the "treaty" reached with accountants in the ABA Statement of Policy regarding audit responses.

Committee Facts

  • Over 500 members, consisting to a great extent of partners who are responsible for the audit response policies of their firms.
  • Clearing house on treaty issues and implementation.
  • Deals with new types of auditor requests seeking responses which would be inconsistent with the treaty.
  • Coordinates with regulators and others setting accounting and auditing standards concerning the issues addressed by the treaty.
  • Meets three times a year at Business Law Section meetings, with many participating by phone.
  • Listserv is widely used to communicate concerns and possible solutions.

Areas of Expertise

  • Responses to auditor requests in light of the treaty and the importance of protecting privileged communications.

Related Products

    Auditor's Letter Handbook, Second Edition

    Auditor's Letter Handbook, Second Edition

    ISBN: 978-1-61438-973-6, 978-1-61438-974-3 Product Code: 5070665, 5070665EBK 2013, 116 pages, 6×9 This ABA best seller is a must-have resource for inside and outside counsel in dealing with the auditor's need for corroboration of information furnished by management concerning litigation, claims, and ...

News and Updates

Committee Presents Program on In-House Lawyers' Communications With External Auditors

On April 18, 2015, the Audit Responses Committee presented an informative CLE program on "In-House Counsel: What Should They Tell Auditors and How?" at the Business Law Section Spring Meeting. The program focused on how outside counsel can assist their in-house clients who are often on the front lines in responding to external auditors' needs for information about legal matters, especially matters such as major lawsuits and government investigations. The panel featured Peter Brown of PwC, Stan Keller of Locke Lord, Maryann Waryjas of Great Lakes Dredge and Dock Corporation, and Tom White of WilmerHale. Alan Wilson of WilmerHale was the Program Materials Coordinator.
Audio | Program Materials


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Programs, Meetings and Events

Section Events

    The Internet of Things - Key Legal Considerations

    10/06/2016-10/06/2016

    We live in an interconnected world. The internet of things (IoT) involves the internetworking of physical devices, vehicles, buildings, and other items - embedded with electronics, software, sensors, actuators, and network connectivity that enable these objects to collect and exchange data. Simply ...

    Seventh Annual National Institute on Consumer Financial Services Basics

    10/17/2016-10/19/2016
    Waterview Conference Center
    Arlington

    Value Pass subscribers save 25% on Institute registration! Use code VPINST at time of purchase. The evolution of consumer financial services (CFS) laws and regulations can leave even the experienced consumer finance lawyer feeling overwhelmed. This annual in-person educational institute is designed ...

    2016 LLC Institute

    10/20/2016-10/21/2016
    Le Meridien Arlington
    Arlington

    Please join us for the 5 th Annual LLC Institute, October 20-21, 2016 in Arlington, VA. Experience 2 full days of CLE, the LLCs, Partnerships, and Unincorporated Entities Working Committee Luncheon, and numerous networking opportunities. In addition, join us on Thursday evening ...

Join Us


Leadership

Chair:

Para, Noel

Committee Roster  


Materials


Past Meetings


Listserve

In order to send a message to the listserve, send a message to the email address below. You must be a member of the Committee to successfully send a message to the listserve.

BL-AUDITRESPONSE@mail.americanbar.org

In order to access the listserve archive, please click here.


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Modified by Graham Hunt on September 27, 2016

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