What's new at the SEC
	Smaller company reporting regulatory relief and simplification
	SOX 404: SEC and PCAOB initiatives, guidance and disclosures
	IFRS acceptance
	Fair value
	Business combinations
	Changes in derivative accounting
	XBRL

	Executive compensation
	MD&A
	Non-GAAP financial information
	Statement of Cash Flows
	Materiality
	SEC staff review process
	Restatements
	Revenue recognition
	Current accounting issues

	Current trends in SEC comment letters
	"Best practice" footnote disclosures
	Triggers for an SEC comment letter
	Dealing with auditors and SEC counsel
	Crafting a timely and appropriate response

Breakout Sessions (Select One)

	Gaining momentum in the US—not "if" but "when"
	Infrastructure issues (standard setters, endorsements, funding, training )
	Implementation challenges and transition costs
	Completed and proposed convergence between the FASB and IASB

	Turning traditional financial statements into more easily searchable and interactive documents
	How does it work and who's using it now?
	Understanding the overall processes for setting up XBRL and submitting filings to the SEC
	SEC's proposed timeline for adoption

	Latest developments from the SEC
	FAS 161 on derivative disclosures
	Accounting for equity derivatives and PIPEs
	Will cash flow hedging go away?
	Impact of sub-prime fallout on valuations

Breakout Sessions (Select One)

	Industry panelists will share their experiences working through the compliance process and modifying their approaches in light of the latest guidance
	Best practices in capitalizing on previous 404 outputs and processes
	Leveraging entity-level controls
	Conducting an efficient and effective risk assessment

	Best practices in applying the SEC's principal objectives
	Taking a "fresh look" at presentation and disclosures each time the MD&A is prepared
	What must be discussed regarding revenue recognition
	What is required in the company's "crystal ball" into the future

	Relaxed rules for capital raising
	Scaled disclosure rules
	SOX 404: internal control strategies for non-accelerated filers
	Leveraging entity-level controls for a top-down, risk-based approach
	Recognizing and remediating material weaknesses

	Legal, regulatory and professional implications
	Fraud factors in financial institutions: personnel who do not have the depth of skills and experience to perform their role or detect anomalies, organizational structure, segregation of duties, internal audit, management oversight
	Reporting, investigations and recovery

	Standard project update: earnings per share, income taxes, financial statement presentation, revenue recognition, liabilities and equity, leases
	Other ongoing projects: conceptual framework, joint projects with IASB including financial instruments, research and development
	FASB staff positions
	Current EITF update
	Transitioning US GAAP to IFRS

	Changes in acquisition method
	Recording assets and liabilities at fair value rather than historical cost
	Dealing with minority interests in a subsidiary
	Disclosures required

	Most recent actions brought
	Dealing with the SEC
	Financial reporting and issuer disclosure
	Revenue recognition

Breakout Sessions (Select One)
1:30 – 3:00 PM

Revenue Recognition

	SEC wants more robust disclosures in footnotes and MD&A
	Recognition and valuation issues
	Software revenue recognition
	Timing and recognition
	Status of FASB Project

Financial Institution Learning Track: Revenue Recognition

	Review of latest applicable GAAP including FAS 140, 155, 156 and SEC guidance
	Rules struggle to keep up with sophisticated and complex products
	What's on the horizon: status of FASB project and IFRS convergence/adoption

Breakout Sessions (Select One)
3:15 – 4:30 PM

Fair Value Accounting

	Scope and context of FAS 157 and how it affects your financial reporting
	Valuation techniques
	Transition provisions
	Disclosures: determining the right level of detail
	Lessons learned from early adopters

Financial Institution Learning Track: Fair Value Accounting

	Fair values of investment securities
	Accounting treatment for mortgage and other servicing rights under FAS 156 and 159
	Fair value disclosures for financial instruments
	The latest accounting guidance and regulatory hot buttons
	Regulatory reaction to the sub-prime crisis

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