Attorney's Letter

A letter sent by a CPA to the client's attorney. The attorney's letter serves as a verification for information pertaining to litigation related to management. This letter apprises the auditor of any pending legislation against the client that could result in financial loss and impact the company's balance sheet and cash flow.

The Attorney's Letter constitutes a major procedure in the audit process. Auditors will request this letter if they have any doubt that the management of the company they are auditing has litigation pending against it that they have not disclosed to the auditor. This letter will then provide them with the information that they need.


Investment dictionary. . 2012.

Look at other dictionaries:

  • attorney’s letter — In external auditing, a letter addressed to the attorney of a client to request details of litigation and other legal matters. The external auditor uses an attorney letter to obtain *audit evidence of the existence and *materiality of *contingent …   Auditor's dictionary

  • attorney — at‧tor‧ney [əˈtɜːni ǁ ɜːr ] noun attorneys PLURALFORM [countable] LAW 1. a person who has the legal right to do things and make decisions on someone else s behalf: • He appointed her his attorney. see also power of attorney …   Financial and business terms

  • letter of attorney — see letter 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • attorney — In the most general sense this term denotes an agent or substitute, or one who is appointed and authorized to act in the place or stead of another. An agent, or one acting on behalf of another. Sherts v. Fulton Nat. Bank of Lancaster, 342 Pa. 337 …   Black's law dictionary

  • letter — let·ter n 1: a direct written statement addressed to an individual or organization; broadly: an official communication see also counterletter determination letter: a letter from an administrative agency (as the Internal Revenue Service) usu. in… …   Law dictionary

  • letter — Attorney At*tor ney, n.; pl. {Attorneys}. [OE. aturneye, OF. atorn[ e], p. p. of atorner: cf. LL. atturnatus, attornatus, fr. attornare. See {Attorn}.] 1. A substitute; a proxy; an agent. [Obs.] [1913 Webster] And will have no attorney but myself …   The Collaborative International Dictionary of English

  • Letter of attorney — Letter Let ter, n. [OE. lettre, F. lettre, OF. letre, fr. L. littera, litera, a letter; pl., an epistle, a writing, literature, fr. linere, litum, to besmear, to spread or rub over; because one of the earliest modes of writing was by graving the… …   The Collaborative International Dictionary of English

  • Attorney — At*tor ney, n.; pl. {Attorneys}. [OE. aturneye, OF. atorn[ e], p. p. of atorner: cf. LL. atturnatus, attornatus, fr. attornare. See {Attorn}.] 1. A substitute; a proxy; an agent. [Obs.] [1913 Webster] And will have no attorney but myself. Shak.… …   The Collaborative International Dictionary of English

  • Letter — Let ter, n. [OE. lettre, F. lettre, OF. letre, fr. L. littera, litera, a letter; pl., an epistle, a writing, literature, fr. linere, litum, to besmear, to spread or rub over; because one of the earliest modes of writing was by graving the… …   The Collaborative International Dictionary of English

  • Letter book — Letter Let ter, n. [OE. lettre, F. lettre, OF. letre, fr. L. littera, litera, a letter; pl., an epistle, a writing, literature, fr. linere, litum, to besmear, to spread or rub over; because one of the earliest modes of writing was by graving the… …   The Collaborative International Dictionary of English


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