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.

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- Join Our Section
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Chair:  Thomas W White

Committee Roster (562 total members)

Listserves (help)

Members Only Listserve
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Securities Disclosure in Qui Tam Cases
ABA September 20, 2010 Comments on FASB Proposed Accounting Standards Update Titled "Disclosure of Certain Loss Contingencies"
Committee Statement on the Effect of the FASB Codification on Audit Response Letters
Committee Statement on the Effect of FIN 48 on Audit Responses
White Paper of The Corporate Counsel Consortium
more links...

Past Meetings

Committee Meeting Held 11/22/2013
Committee Meeting Held 08/11/2013
Committee Meeting Held 04/06/2013
Committee Meeting Held 11/16/2012
Committee Meeting Held 08/05/2012
more links...

Modified by Graham Hunt on December 31, 2013

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