In this BRB jobs update, I’m pleased to highlight an open role at Paul Weiss: “Audit Letter Compliance Manager” — Paul, Weiss is looking to hire an experienced Audit Letter Compliance Manager to join the Professional Responsibility Department. The Audit Letter Compliance Manager will be responsible for coordinating the Firm’s responses to clients’ auditors, ensuring […]
(From time to time I find myself spelunking down various risk rabbit holes. Sometimes nothing comes of that. Sometimes there’s treasure. Sometimes it’s in between.) Looking at some statistics, I observed that audit letter response (past posts) has actually been an area of healthy reader interest over the years. So I took a drive along […]
In this month’s sponsor thank you, Intapp opted to once again share the spotlight with a consulting partner. Audit letter response poses a compliance conundrum for many firms. Organizations need to address their professional and client obligations, while navigating significant process complexity and staff/lawyer overhead. Today, several firms are taking advantage of their existing (or […]
We spent a cycle focused on audit letter response, coming out of the recent ILTA>ON virtual conference. Now comes two webinars on this topic, each featuring a case study presentation by a law firm, sharing their strategy, approach, results and peer advice: Featuring presentations from the teams at WilmerHale (Miranda Perkins, Knowledge Manager, and Mary Goldsmith, […]
I’ve very much enjoyed the virtual risk round table events presented by my friends at InOutsource. While remote, the attendee discussion and exchange has been real, revealing, collaborative and constructive. They have a third scheduled for October: “VIRTUAL ROUND TABLE: Navigating Today’s Pressing Risk Challenges” — October 1st at 1 pm Eastern. Focus on: Lateral […]
One more on the theme of audit letter responses. Turns out the ABA Business of Law Section published an update just last month, probably most of interest to those who really want to go deep on this particular issue: “The ABA Statement on Audit Responses: A Framework that Has Stood the Test of Time” — […]
I found myself going a bit deeper on audit letters, and thought I’d share some of the interesting resources discovered through that effort, starting with: “Beware The Belief Your Response To Auditor A Colossal Waste Of Time” — “Some lawyers may create more potential professional liability over the coming months by drafting a single letter in […]
I’ve seen growing chatter about streamlining audit letter response workflow management. So with it was with great interest that I tuned in to WilmerHale’s case study presentation at the recent ILTA>ON conference. And I wasn’t the only one taking note — the firm was a finalist for ILTA’s “Transformative Project of the Year” award. It […]
Rabiya Hirji touches on a topic we’ve observed increasing interest in: “Creating New Roles and Opportunities in Law Firm Risk Functions” — “When I started my career in law firm risk management over 25 years ago, the conflicts assistant/analyst/administrator was expected to fulfill a wide range of responsibilities including all aspects of matter opening, procuring […]