Examining Communication Documents and Disclosures: The Lawyer's Task in Managing Auditor Requests and Corporate Secrets
On Thursday, September 11, Strafford is organising a panel discussion titled "Audit Response Letters and Disclosures: Counsel’s Role in Balancing Auditor Demands and Company Privileges." The webinar will feature Alan Wilson and Kenneth McKay, who will share their expertise on the topics at hand.
Kenneth McKay, a principal at McKay Law Offices, and Alan Wilson will lead the discussion, focusing on the complexities of determining what to disclose in audit response letters. The panel will delve into recent trends in audit response letters, including the increasing demands for detailed letters that carefully balance transparency with legal risk management.
The panel will also address the challenges legal counsel face in determining the scope and content of disclosures, particularly avoiding over-disclosure that might create unnecessary legal exposure, while fulfilling regulatory requirements. They will discuss navigating complexities when auditors request information that could implicate privileged or sensitive materials, necessitating strategic legal judgment in crafting responses.
Counsel must remain vigilant in aligning disclosure responses with the latest regulatory guidance and case law to mitigate risk in public filings and audit communications. The panel emphasised that evolving regulations and aggressive enforcement climates require attorneys to integrate both compliance and litigation risk perspectives in drafting audit response letters.
This webinar reflects a broader trend in corporate governance and compliance where legal and audit functions increasingly collaborate to ensure disclosures meet both regulatory standards and prudent legal risk management.
While a direct transcript of the Strafford webinar with Wilson and McKay was not found, the themes align with common issues addressed in top-tier law firm discussions and recent commentary on increasing regulatory scrutiny and counsel’s role in managing disclosure risks in audit contexts.
Don't miss this insightful discussion on navigating the intricate world of audit response letters. Join Strafford on Thursday, September 11, for "Audit Response Letters and Disclosures: Counsel’s Role in Balancing Auditor Demands and Company Privileges."
Kenneth McKay and Alan Wilson, during the panel discussion, will focus on the intricacies of balancing transparency with legal risk management within business and finance contexts, particularly in drafting audit response letters. The panel will also tackle the challenges of determining the scope and content of disclosures, ensuring compliance with regulatory requirements without creating unnecessary legal exposure.
