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

    International Purchase and Sale of Goods - What Every Lawyer Needs to Know

    12/13/2016-12/13/2016

    In todays increasingly global marketplace, more and more companies are buying and selling goods internationally. This program will provide an essential overview of how to accomplish and finance international purchases and sales of goods. Topics covered will include the United Nations Convention on Contracts ...

    Antitrust Essentials for Business Lawyers: Gun-Jumping, No-Poaching Agreements and Other Antitrust Don'ts

    12/15/2016-12/15/2016

    A panel of experienced antitrust practitioners from the United States and Canada will discuss the antitrust essentials and key developments that business lawyers need to know when their clients are collaborating with competitors or going forward with a

    2017 Banking Law Committee Meeting

    01/05/2017-01/07/2017
    The Ritz-Carlton
    Washington

    **THIS PAGE IS THE STARTING POINT FOR REGISTRATION AND TO ADD TICKETED EVENTS (LUNCHES/DINNERS) TO YOUR REGISTRATION** TO ADD EVENTS TO AN EXISTING REGISTRATION: Click on Register Now, which will prompt you to log-in with your ABA credentials. ...

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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 November 10, 2016

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