Attorney's Letter

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Attorney's Letter

In an audit, a letter an accountant sends to a lawyer verifying the client's lawsuits. In order to assess the financial state of a company, the accountant needs an accurate picture of the lawsuits it is facing and any actual or potential judgments against it. The attorney's letter requests this information.
References in periodicals archive ?
water and fuel technology company, today announces that its Annual Disclosure Statement and an Attorney Letter with Respect to Adequate Current Information was posted on the OTC Markets, OTC Disclosure and News Service on March 25, 2015.
Registration papers of 35 cars, cash transfer receipts to the tune of Dh11,833,486 and a power of attorney letter purportedly issued by a Dubai court, were also recovered during the raid.
For example, a motor vehicle insufficient fund check goes through the following status changes: electronic "representment" by a vendor, 30 days; department letter, the next 15 days; collections unit letter, the next 15 days; sheriff's office tag removal, the next 45 days; district attorney letter, the next 45 days; cancellation with the State of Kansas, the next 15 days; and, finally, district attorney prosecution, if evidence and witnesses are available.
It is this implicit message that `get[s] the debtor's knees knocking' and makes the attorney letter a particularly effective method of debt collection," the court wrote.
To evaluate properly the effect of environmental matters on a client's financial statements, and in connection with the auditor's assessment of the adequacy of the client's disclosures, it would be advisable (although not required by generally accepted auditing standards) for the auditor to request that the client's legal counsel address these matters in its attorney letter.
OTC Markets has implemented a strict information reporting system for non-reporting companies and rates them in accordance to transparency elements from Caveat Emptor to Current Information for pinksheet companies, the Current Info tier being the highest with requirements including Initial Disclosure and Information statements, share structure, quarterly and annual reports, and an attorney letter verifying financial information submitted.
st] August, 2014) have been filed and accepted by OTC together with the supporting Attorney letter of confirmation.
Task forces have been established to address internal control, audit committees, quality control and other issues (document retention, concurring partner reviews, foreign affiliate issues and attorney letter amendments).
OTC: VMGI) has upgraded its subscription to the OTC Market's top tier suite of services and filed the required Attorney Letter with Respect to First Quarter Disclosure and Financials.
OTC: VMGI) announced that after subscribing to the OTC Market's top tier suite of services and filing the required Attorney Letter with Respect to Current Information the company has been upgraded to the OTC Pink Current Information Tier.
Publish a quarterly attorney letter regarding the adequacy of the issuer's public disclosures.
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