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  • Attorney's Letter Decision

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    Charles B. Hall
    117 views2 pages
    Attorney's Letter - Decision to send or Not Send. Document: a. Period in which the event occurred b. Probability of an unfavorable outcome c. Potential loss amount

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    Attorney's Letter - Decision to send or Not Send. Document: a. Period in which the event occurred b. Probability of an unfavorable outcome c. Potential loss amount

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    117 views2 pages

    Attorney's Letter Decision

    Uploaded by

    Charles B. Hall
    Attorney's Letter - Decision to send or Not Send. Document: a. Period in which the event occurred b. Probability of an unfavorable outcome c. Potential loss amount

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    Attorneys

    Letter Decision to Send or Not Send


    1. Inquire of management about potential litigation; also review minutes and legal expenses and related correspondence. Document information here; obtain a descriptionoflitigation,claims,andassessmentsthroughyearendtothedatethe descriptionisprovided. 2. Ifactualorpotentiallitigation,claims,orassessmentswereidentified,document: a. Periodinwhichtheeventoccurred b. Probabilityofanunfavorableoutcome c. Potentiallossamount

    3. Isthereariskofmaterialmisstatement? ____Yes;sendanattorneysletter. ____No;youmayelecttonotsendanattorneysletter.

    4. Ifthereisariskofmaterialmisstatementandyoudecidetonotsendanattorneys letter,document: a. Thejustificationfornotsendingtheletter b. Orhowtheintentoftherequirementwasmetbyothermeans

    Disclaimer This document has not been peer reviewed; user assumes all risks related to its use.
    CreatedbyCharlesB.Hall,CPA,CFE,MAcc chall@mmmcpa.com

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