Audit Response Letters and Disclosures: In-House Counsel's Role in Balancing Auditor Demands and Company Privileges
Scope of Lawyers' Responsibility Under the ABA Treaty When Responding to Information Requests
Recording of a 90-minute CLE webinar with Q&A
This CLE course will guide in-house counsel for responding to external auditor inquiries concerning their client's litigation, claims and assessments, and related financial reporting and disclosures. The panel will 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 in-house counsel during external audits
- Best practices for in-house counsel for responding to external auditor requests for information
Faculty
Kenneth E. McKay
Shareholder
Baker Donelson
Mr. McKay has experience in a wide range of litigation areas. He concentrates on commercial litigation and real... | Read More
Mr. McKay has experience in a wide range of litigation areas. He concentrates on commercial litigation and real estate litigation, including eminent domain/condemnation matters.
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Maryann A. Waryjas
Senior Vice President, Chief Legal Officer and Secretary
Herc Rentals
Ms. Waryjas joined Herc Rentals Inc. in November 2015 from Great Lakes Dredge & Dock Corporation, one of the... | Read More
Ms. Waryjas joined Herc Rentals Inc. in November 2015 from Great Lakes Dredge & Dock Corporation, one of the largest providers of dredging services in the United States. At Great Lakes, Ms. Waryjas served as Senior Vice President, Chief Legal Officer and Corporate Secretary from August 2012 to November 2015. From 2000 until joining Great Lakes, Ms. Waryjas was a partner at the law firm of Katten Muchin Rosenman, LLP, where she most recently was co-chair of the firm’s Corporate Governance and Mergers and Acquisitions Practices. Ms. Waryjas served two consecutive terms on Katten’s Board of Directors. Prior to Katten, Ms. Waryjas was a partner at the law firms of Jenner & Block LLP and Kirkland & Ellis LLP. Ms. Waryjas received her B.S. degree, magna cum laude, from Loyola University and her J.D. degree, cum laude, from Northwestern University School of Law.
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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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