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 webinar with Q&A
This CLE webinar will guide 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 counsel during external audits
- Best practices for 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
Strategic Advisor
Morrow Sodali
Ms. Waryjas is an experienced corporate board director and C-suite leader recognized for her outstanding track record... | Read More
Ms. Waryjas is an experienced corporate board director and C-suite leader recognized for her outstanding track record on strategy formulation, effective execution, empowering teams and delivering growth. She currently serves on the Morrow Sodali Strategic Advisory Board and previously served on the Board of Directors of The Chicago Stock Exchange, where she was Chair of the Nominating and Governance Committee and a member of the Executive, Audit, Regulatory Oversight and Special Transaction Committees.
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Alan J. Wilson
Senior Associate
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 Content Director of the Audit Responses Committee of the Business Law Section of the ABA.
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