CONFERENCE AGENDA
CPE Credit: 16 Hours · MCLE Credit: Up to 16 Hours · Price: $1445
DAY ONE
Welcome & Opening Remarks
8:30 – 8:45 AM
New Developments at the SEC & PCAOB
8:45 – 10:15 AM
- What's new at the SEC
- Smaller company reporting
regulatory relief and simplification
- SOX 404—SEC and PCAOB
initiatives, guidance and disclosures
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- IFRS acceptance
- Fair Value
- XBRL
- Restatements
- Revenue recognition
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SEC/FASB Learning Track
SEC Hot Buttons
10:45 AM - 12:15 PM
- Business combinations
- Changes in derivative accounting
- Executive compensation
- MD&A
- Non-GAAP financial information
- Statement of Cash Flows
- Materiality
- SEC staff review process
- Current accounting issues
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SOX 404 Learning Track
Regulatory Update
10:45 AM - 12:15 PM
- Latest guidance from the SEC
and PCAOB
- Survey results from 2007
- FAQs
- Small company issues and timing
- What's on the horizon
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FASB Update
1:15 - 2:30 PM
- FASB statements and interpretations
- FASB Staff Positions
- FASB proposals
- Other ongoing projects
Revenue Recognition
2:30 - 3:45 PM
- SEC wants more robust disclosures in footnotes and MD&A
- Recognition and valuation issues
- Timing and recognition
- Status of FASB project
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Process Improvement & Cost Reduction
1:15 - 2:45 PM
- Effective top-down, risk-based scoping
- Cost-saving opportunities from the SEC's
guidance for management and AS5
- Leveraging entity-level controls
External Auditor's Perspective
2:45 - 3:45 PM
- Forming and maintaining a balanced relationship with the external auditor
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Business Combinations
4:00 - 5:30 PM
- Changes in acquisition method
- Dealing with minority interests in a subsidiary
- Disclosures required
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Determining Efficiencies
4:00 - 5:30 PM
- Utilizing a Control Maintenance Program
- An accountability structure
- Best practices and lessons learned from your peers in industry
- Sustaining your process
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DAY TWO
SEC Enforcement
8:00 – 9:15 AM
- Most recent actions brought
- Dealing with the SEC
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- Financial reporting and issuer disclosure
- Notes on SOX 404
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SEC/FASB Learning Track
Fair Value Accounting
9:45 - 11:00 AM
- Scope and context
- Valuation techniques
- Transition provisions
- Lessons learned from early adopters
EITF Update
11:00 AM - 12:00 PM
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SOX 404 Learning Track
How to Conduct an Effective Risk Assessment of Material Misstatement in Financial Reporting
9:45 AM - 12:00 PM
- Risk assessment described in the latest SEC guidance for management
- Inherent risk, control risk and detection risk
- Phases of risk assessment process: Risk identification, assessment and auditor response
- The external auditor's perspective
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Breakout Sessions
(Choose one of two)
1:00 - 2:30 PM
IFRS
- Latest developments
- Infrastructure issues in US adoption (standard setters, endorsements, funding, training...)
- Implementation challenges
Accounting for Derivatives & Other Complex Financial Instruments
- Debt and equity instruments
- Identifying and dealing with embedded derivatives
- PIPEs: Private Investment/Public Equity transactions
- Contemplated changes to FAS 133
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Internal Controls & Fraud Detection & Prevention
1:00 - 2:30 PM
- Fraud awareness training
- How to design programs to deter fraud
- SAS 99
- IT considerations
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Breakout Sessions
(Choose one of two)
3:00 - 4:30 PM
Software Revenue Recognition
- Why software is different
- Scope
- Multiple-element arrangements
- Term licenses, subscriptions and ASP arrangements
MD&A
- Getting away from the template approach
- Critical accounting policies
- Variance analysis
- Required disclosures
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Breakout Sessions
(Choose one of two)
3:00 - 4:30 PM
Enterprise Risk Management (ERM)
- ERM as a way to manage the complex business and regulatory environment
- Getting consistent in factoring risk management into business decisions
- Proactive risk management vs. crisis management
- Linking all the elements: insurance, financial, strategic, operational and process
- Key steps to implementation
Issues for Non-Accelerated Filers
- Dealing with resource constraint
- Lack of segregation of duties
- Key remediation issues
- Spreadsheet control
- Practical steps to aid in compliance
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Register Today: 1-800-544-1114
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