audit response

audit response. A letter that an attorney provides to a client’s financial auditors, usu. at the client’s request, re-garding matters such as pending or threatened litigation. • Audit responses should comply with the American Bar Association’s Statement of Policy Regarding Lawyer’s Responses to Auditors’ Requests for Information, published in December 1975. — Also termed audit-letter response. See AUDIT LETTER.

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词条贡献者

法律翻译Bryan，毕业于新加坡知名法学院，专注翻译各类与私募股权有关的法律文件。