TITLE

FINANCIAL STATEMENT REPORTING OF PENDING LITIGATION: ATTORNEYS, AUDITORS, AND DIFFERENCES OF OPINIONS

AUTHOR(S)
Koprowski, W. R.; Arsenault, Steven J.; Cipriano, Michael
PUB. DATE
January 2010
SOURCE
Fordham Journal of Corporate & Financial Law;2010, Vol. 15 Issue 2, p439
SOURCE TYPE
Academic Journal
DOC. TYPE
Essay
ABSTRACT
An essay is presented on financial statement disclosures concerning pending litigation. The U.S. accounting and auditing standards applicable to pending litigation are discussed. Issues raised by communications between attorneys and auditors are identified which include the attorney-client privilege, work product doctrine, and the American Bar Association (ABA) guidelines on communications with a client's auditor. The significant role played by the auditor in solving such issues is noted.
ACCESSION #
49258523

 

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