Audit Response Letters and Disclosures: Counsel's Role in Balancing Auditor Demands and Company Privileges
Lawyers' Responsibility and Limitations Under the ABA Treaty When Responding to Audit Requests
Recording of a 90-minute CLE video webinar with Q&A
This CLE course will guide counsel in responding to external auditor inquiries concerning their client's litigation, claims, and assessments, and related financial reporting and disclosures. The panel will discuss recent developments and explain best practices for providing information regarding "pending or overtly threatened" legal claims in audit response letters and updates without compromising the client's privileges and confidentiality.
Outline
- Latest trends in audit response letters
- External audits: duties of auditors and attorneys
- Attorney-client privilege issues with audit response letters
- Best practices for responding to auditor inquiries
Benefits
The panel will review these and other key issues:
- Legal and accounting professionals: the ABA Treaty regarding external audits of companies
- Attorney-client privilege concerns implicated by requests for information from counsel during external audits
- Best practices for counsel for responding to external auditor requests for information
Faculty
Kenneth E. McKay
Principal
McKay Law Offices
Mr. McKay practices in the area of commercial litigation with particular focus on land use and eminent domain... | Read More
Mr. McKay practices in the area of commercial litigation with particular focus on land use and eminent domain throughout the United States, as well as energy, construction, intellectual property, and telecommunications work. He represents clients in various industries, including pipeline owners and operators, telecommunications providers, utilities, and other common carriers, as well as select commercial and residential developers and landowners in condemnation cases, pre-condemnation counseling, and infrastructure permitting.
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Alan J. Wilson
Partner
WilmerHale
Mr. Wilson advises public and private company clients on a variety of matters, including SEC disclosures, corporate... | Read More
Mr. Wilson advises public and private company clients on a variety of matters, including SEC disclosures, corporate governance and complex accounting issues. He regularly advises public companies on addressing new SEC rules and emerging issues. As a CPA, Mr. Wilson has experience in legal aspects of accounting and auditing and is the Vice Chair of the Audit Responses Committee of the Business Law Section of the ABA.
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