Attorney Letters and LitigationInternet Exercise. From the SECs website (www.sec.gov), access any companys 10-K and review its footnote disclosures related to pending litigation.

Required:

Briefly summarize the nature of pending litigation facing the company you selected.

From the auditors perspective, what is the primary concern with respect to the disclosure of pending litigation?

Identify the responsibility of the company, the auditor, and its attorneys with respect to the presentation and disclosure of this pending litigation.

What information included in the disclosure you selected would have been included in attorney letters? What is the attorneys responsibility with respect to this information?