The mission of the Law and Accounting Committee is to explore the intersection of the law with accounting matters and to assist attorneys in understanding and applying accounting and auditing issues in their practices. The Committee focuses on accounting and auditing matters in financial reporting and other transactional contexts and also considers legal and regulatory developments affecting the auditing profession. The Committee monitors accounting and auditing pronouncements by standard-setting bodies (including the Financial Accounting Standards Board, the Securities and Exchange Commission, the International Accounting Standards Board, the Public Company Accounting Oversight Board and the American Institute of Certified Public Accountants). Through written comment letters and periodic meetings, the Committee seeks to provide these bodies with the perspective of the legal profession where relevant to their deliberations. The Committee also sponsors educational programs to keep practitioners informed about important developments in accounting and auditing matters that may affect them and their clients.
