when lawyer ask for summary of financial info what is needed

If you're going through a divorce, one of the first things an attorney will tell you is to gather your financial information, including bank account statements, credit card statements, title documents, and mortgage documents.

Full Answer

What financial information does the board need to receive?

At a minimum, monthly or quarterly, the board needs to receive the following financial information: 1 Statement of financial position (balance sheet) 2 Statement of activities (income statement) 3 Cash flow forecast 4 Actual results compared to budget 5 Operational figures (for example, cost per unit of service)

When your spouse won't give you your financial information?

When Your Spouse Won’t Provide Financial Information. If you're going through a divorce, one of the first things an attorney will tell you is to gather your financial information, including bank account statements, credit card statements, title documents, and mortgage documents.

What information will my divorce attorney need?

Find the common information your divorce attorney will need below. 1. Your basic information: full name, date of birth, and social security number. 2. Contact information such as an address, landline/cell phone number, and email address. 3. Proof of state residency.

When does a judge order a spouse to produce financial information?

If the court agrees that the financial information should be turned over, the judge will order your spouse to produce the documents within a certain time.

What are four pieces of information should you request in an attorney letter concerning pending or threatened litigation?

[Ordinarily the information would include the following: (1) the nature of the litigation, (2) the progress of the case to date, (3) how management is responding or intends to respond to the litigation (for example, to contest the case vigorously or to seek an out-of-court settlement), and (4) an evaluation of the ...

Is a legally required to check of the accuracy of the financial statements and records of a cooperative?

A statutory audit is a legally required check of the accuracy of the financial statements and records of a company or government.

What information is typically requested in a legal letter to an entity's attorney?

What information is typically requested in a legal letter to an entity's attorney? A list and evaluation of any pending or threatened litigation to which the attorney has devoted substantial attention.

What are financial statements in divorce?

The divorce financial statement is a form that lists all assets and liabilities of each person involved in the divorce. Each person must fill one out their portion and submit it to the court in order to explain their financial situation to the court.

What is an audited financial statement?

A financial statement audit is the examination of an entity's financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures.

What are the main documents covered by an audit report?

An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.

Which of the following is generally requested in a legal letter?

C. An inquiry of the entity's legal counsel concerning litigation. Which of the following is generally requested in a legal letter? management's evaluation.

What is the purpose of a legal letter?

Legal letters serve many purposes. For instance, they can remedy a problem between two parties in lieu of filing a lawsuit, or they can play a role in contract negotiations and other legal matters.

What is the purpose of an audit letter?

Audit Engagement Letters The engagement letter documents and confirms the auditor's acceptance of the appointment, the objective and scope of the audit, the extent of the auditor's responsibilities to the client and the form of any reports.

Do you have to show bank statements in divorce?

If you are going through a divorce, separation or attending mediation, there is a duty of full and frank financial disclosure. This means that it is necessary for you and your spouse/partner to completely and honestly disclose your true financial positions.

Can I divorce without a financial settlement?

The most important thing to stress is that if you've already divorced without reaching a financial settlement, it's not too late. While it's usually advised you reach a financial settlement and get a financial order from court at the time of divorce, you can still do this after you're divorced.

What happens if you lie on a financial statement?

There May Be Criminal Penalties for Failing to Disclose Finances. Being dishonest about your finances in court can lead to serious penalties, including criminal charges and even jail time.