Balancing Act for Legal Advisors: Managing Auditor Requirements Against Corporate Confidentiality
Strafford Webinar to Discuss Audit Response Letters and Disclosures
On Thursday, September 11, Alan Wilson and Kenneth McKay will participate in a Strafford webinar panel titled "Audit Response Letters and Disclosures: Counsel's Role in Balancing Auditor Demands and Company Privileges." The webinar, which will run from 1:00 PM to 2:30 PM (Eastern Time), will be moderated by Richard Levine, a partner at Pepper Hamilton LLP.
The webinar will take place online via Zoom and will offer 1.5 hours of CLE credit for attendees. Participants can register for the webinar on the Strafford website.
The panel will focus on the recent trends in audit response letters, as well as the complex legal issues counsel face in determining disclosures. The discussion will cover strategies to strike the right balance in communication and disclosure as audit requirements, tax laws, and regulatory scrutiny intensify in 2025.
Key complex legal issues counsel must navigate include balancing the need for transparency in disclosures with protecting privileged or sensitive information from auditors. Other issues to be addressed include analyzing whether certain information must be disclosed under changing legal standards or professional guidance, addressing the impact of new 2025 tax legislation on income and other financial disclosures, and judging the extent of disclosures that comply with evolving auditing standards and legal risks associated with incomplete or inaccurate disclosures.
The panel will also discuss managing potential conflicts between auditor requests and legal counsel’s duty to protect client confidentiality and privileged communications. Attendees can expect to gain practical guidance for navigating the complexities of audit response letters, as well as insights and examples from the professional experiences of Alan Wilson and Kenneth McKay.
The webinar is entitled "Audit Response Letters and Disclosures: Counsel's Role in Balancing Auditor Demands and Company Privileges." Kenneth McKay is a principle at McKay Law Offices, and Alan Wilson is scheduled to participate in the panel. The webinar will include a question and answer session at the end. The topic of the webinar is recent trends in audit response letters and the legal issues counsel must address in determining what to disclose in their responses.
[1] This paragraph is added for context and to provide additional information about the topic of the webinar. It is not directly stated in the bullet points provided.
- During the Strafford webinar, the participants will discuss strategies for balancing auditor demands and company privileges, especially in relation to finance and business matters, as they pertain to audit response letters and disclosures.
- The webinar will address complex legal issues in the finance and business sectors, such as the need for transparency in disclosures, the protection of privileged or sensitive information, and the impact of new tax legislation on financial disclosures.
