Broker-Dealer Accounting Conference 2017

Topic Photo
Broker-Dealer Accounting Conference 2017

CPE Credit: 8 Hours

Price: $745.00

NASBA Field of Study: Accounting

 

Overview

Broker-dealer firms continue to be the target of ever-increasing regulatory focus and an onslaught of new and constantly changing accounting, auditing and regulatory issues.

In this highly specialized conference, you will receive critical updates from our unbeatable team of regulators, Big 4 leaders and industry experts on the latest rules and regulations from the SEC, CFTC, FINRA, FASB and PCAOB. Learn the best ways to successfully handle all of 2017’s new Broker-Dealer accounting and reporting hot button issues.
 

AGENDA HIGHLIGHTS


•  Setting the tone: the state of financial reporting and compliance in the brokerage industry

•  Regulatory trends, industry initiatives and challenges

•  T+2 update: shortening the settlement cycle

•  Internal controls specific to broker-dealers

•  FASB and technical accounting update

•  PCAOB update

•  Comments from the CFTC  

•  Managing cyber risk

 

LEARNING OBJECTIVE  To update financial professionals working for broker-dealers on the latest rules and regulations from the SEC,
PCAOB and FASB and show them the best ways to handle these rules.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.    NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Group-Live.

 

This program is also available via live webcast
Broker-Dealer Accounting Conference 2017 Webcast

Agenda

CONFERENCE AGENDA*


Deluxe Continental Breakfast & Registration
8:00
 – 8:45 AM

Welcome & Opening Remarks
8:45
 – 9:00 AM

Challenges of the Global Economy 
9:00
 – 9:45 AM

Regulatory Trends, Industry Initiatives & Challenges 
9:45
 – 10:45 AM
Broker-dealer firms continue to be challenged by regulatory, accounting and auditing issues. This session will focus on the challenges faced by the broker-dealer industry and provide insights into the changes and evolution of the market, as well as supply an overview of FINRA priorities. Topics to be discussed include:
Focus on material conduct at firms, based on an assessment of specified sales practice, financial,
  operational and market-integrity risks

Compliance, supervision and risk management
Increased focus on customer protection, specifically in relation to sales to seniors, product suitability
  and concentration
• Priority on detecting and deterring market manipulation
• Funding and liquidity

Break
10:45
 – 11:00 AM

T+2 Update: Shortening the Settlement Cycle
11:00 – 11:30 AM
The settlement period for certain securities transactions in the US is currently three business days after the transaction date, often referred to as T+3. T+2 is an industry-wide initiative to shorten that settlement period by one business day. September 5, 2017, has been unveiled as the industry target for the US to move from a T+3 to a T+2 settlement cycle. This session will provide an update of the T+2 initiatives, including:
Expected changes to regulatory requirements
Key implementation considerations, including conducting impact assessments, identifying
  operational and system changes, and training and education

Consolidated Audit Trail (CAT) and the impact on broker-dealer business
Importance of new trade reporting requirements

Internal Controls Specific to Broker-Dealers
11:30 AM – 12:15 PM
Evaluating the design, implementation and operating effectiveness of internal controls
• Discussion of management review controls and how to make them effective
• Complimentary End User Controls when relying on service organizations
• Importance of internal controls over compliance with financial responsibility rules

Luncheon
12:15
 – 1:15 PM

FASB & Technical Accounting Update
1:15 – 2:30 PM
• Classification and measurement
• Revenue recognition under ASC 2014-09
• New Lease Accounting Standard

PCAOB Update
2:30 – 3:30 PM
• PCAOB standards update
• Status of the implementation of a permanent PCAOB broker-dealer audit examination plan
• Report on the findings of the recent inspections related to audits of broker-dealers

Break
3:30
 – 3:45 PM

Comments from the CFTC   
3:45
 – 4:15 PM
Regulators from the CFTC will update you on the latest hot button issues and the most effective ways to handle them.

Managing Cyber Risk
4:15 – 5:00 PM
A key area of concern for FINRA in 2017 is cybersecurity. FINRA says it will continue to assess firms’ programs to mitigate risks in this area, such as methods for preventing data loss. In this session, our experts will show the best ways for broker-dealers to handle critical cybersecurity issues:
Understand the current regulatory environment
Cyber security in the news: recent cases
Key cyber risk management focus areas

Conference Ends
5:00 PM

 

* PLEASE NOTE: Session topics and times are subject to change based on location and speaker availability. Please call 1-800-544-1114 for specific agenda details.

 

This program is also available via live webcast
Broker-Dealer Accounting Conference 2017 Webcast

Speakers

SPEAKERS INCLUDE


Sarah Kenny, Director, National Professional Services Group, PwC

Robert Maday, Deputy Director, Division of Registration and Inspections, Current Leader of the Broker-Dealer Firm Inspection Program, PCAOB

Rob Martin, Director, US Economics Research, Barclays

Jerry Nudge, Associate Director, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission (CFTC)

Maria Fiorini Ramirez, President and CEO, MFR, Inc.

Richard Speziale, Director, PwC

Tim Vintzel, Audit Partner, Banking and Securities Group, Deloitte & Touche LLP

Bob Walley, Principal, Deloitte & Touche LLP

 

This program is also available via live webcast
Broker-Dealer Accounting Conference 2017 Webcast

Workshop

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Forum

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Location

TKP New York Conference Center
109 West 39th Street
New York, NY 10018
(212) 444-7342

 

This program is also available via live webcast
Broker-Dealer Accounting Conference 2017 Webcast