SEC Conference 2017: An Accounting & Reporting Update for Public Companies

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Discover what you need to do now about the latest developments—from SEC regulators, Big 4 leaders and industry experts

SEC Conference 2017: An Accounting & Reporting Update for Public Companies

CPE Credit: 18 Hours

Price: $1,445.00

NASBA Field of Study: Accounting



The SEC is increasingly targeting financial reporting issues. In the past two years alone, the number of SEC financial reporting cases has more than doubled.

At this conference, you will receive all the information you need relating to these issues—directly from the source. This is the one SEC Conference that provides you with the latest updates and expert guidance from current SEC and PCAOB regulators—including the SEC’s Divisions of Enforcement and Corporation Finance—plus Big 4 leaders and other experts.



•  Key SEC Developments

•  FASB Projects Update

•  Accounting for Leases: Implementation and Transition for Lessees and Lessors

•  FCPA Enforcement Trends and Focus on Remediation

•  SEC Enforcement Initiatives

•  Financial Instruments: Recently Issued Standards and FASB's New Guidance on Accounting for
   Hedging Activities

•  Public Company Auditing Update

•  Revenue Recognition Standard: Transition and Implementation

•  SOX Risk Benchmark—Determine if Your SOX Program Needs a Refresh

•  Frequently Encountered Accounting and SEC Reporting Topics


LEARNING OBJECTIVE  To provide financial professionals with an update on the key issues and regulations that impact the financial
accounting and reporting of listed companies.



This program is also available via live webcast
SEC Conference 2017: An Accounting & Reporting Update for Public Companies Webcast



Deluxe Continental Breakfast & Registration
 – 8:45 AM

Welcome & Opening Remarks
 – 9:00 AM

Key SEC Developments
 – 10:30 AM
Initiatives in the Division of Corporation Finance
Overview of key SEC Initiatives and recent rulemaking activities, including:
  − Disclosure Effectiveness Initiative
Finalizing rules to update Regulations S-K and S-X, eliminating redundant, duplicative disclosure
  − Finalizing amendments to increase threshold for smaller reporting companies
  − Issuers’ implementation of Revenue Recognition and Leases Standards and controls related to the

  − Enforcement update

 – 10:45 AM

Key SEC Developments (continued) 
10:45 AM – 12:30 PM
SEC comment letter trends
Non-GAAP financial measures (continued monitoring of use of non-GAAP measures)
Loss contingencies
Joint ventures, strategic alliances and other collaborative arrangements as they relate to new
  VIE guidance

  − MD&A
  − Revenue recognition
  − Goodwill impairment
  − Acquisitions and business combinations
  − Income taxes
  − Segment reporting
  − ICFR
Working with SEC staff
  − Recent developments
  − Filing review process
  − Best Practices in resolving comments and outstanding issues

 – 1:15 PM

FASB Projects Update
1:15 – 2:30 PM
FASB current active agenda
Recently completed projects and related implementation issues
Recently issued exposure drafts and other formal projects 
Accounting updates with upcoming effective dates
Disclosure effectiveness
Simplification projects
EITF update

 – 2:45 PM

Accounting for Leases: Implementation & Transition for Lessees & Lessors 
 – 4:15 PM
Purpose and scope of the new Leasing Standard
Transition methods and effective dates
Understanding the definition of a lease
Separating lease and non-lease components
Key definitions and concepts (lease term, commencement date, lease payments, discount rate)
Issues to be discussed include:
   – Lease classification and financial statement impact
   – Lessee and lessor accounting and presentation

Transition and disclosure
   – Enhanced qualitative and quantitative disclosures
   – Evolving SAB 74 disclosures

Impact the New Standard will have to ICFR
Implementation considerations, including impact to processes and systems

FCPA Enforcement Trends & Focus on Remediation 
 – 5:30 PM
Today, the government is continuing to bring record numbers of FCPA prosecutions. Recent DOJ and SEC guidance focuses upon companies’ efforts to self-police before a violation, and efforts to remediate after violations occur. The DOJ and SEC have recently begun imposing corporate monitors more frequently, pointing to a failure of companies under investigation to remediate. In this informative session, corporate governance experts from EY and law firms will discuss their Best Practices for:
Developing and maintaining a compliance program that is sufficient to deter and detect potential
  FCPA violations, including by implementing Best Practices and periodically auditing the corporate
  compliance program

Remediating, in real time, violations that do occur, such as by assessing why the compliance
  program did not detect and deter the violation

Working, in the context of an ongoing government investigation, to remediate issues with the
  corporate compliance program before it’s too late

Cocktail Reception
 – 6:30 PM


Deluxe Continental Breakfast
 – 8:30 AM

SEC Enforcement Initiatives
 – 10:00 AM
SEC enforcement priorities
Recent financial reporting and disclosure cases
SEC investigation process and case sources—restatements, self-reporting, whistleblowers
Review and focus of recent cases:
  – Revenue recognition
  – Expense recognition
  – Earnings management
  – Focus on individuals and gatekeepers
  – ICFR and disclosure controls
  – Valuation and impairment issues

Whistleblower update
Insider trading
Continued focus on cybersecurity

10:00 – 10:15 AM

Financial Instruments: Recently Issued Standards & FASB's New Guidance on Accounting for Hedging Activities 
 – 11:15 AM
The rules for the hedge accounting model under US GAAP have changed with the issuance of the FASB’s final Accounting Standards Update—ASU No. 2017-12, “Derivatives & Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities." Our team of experts will provide you with a detailed analysis of the New Standard, including:
Comparison of FASB decisions to current guidance
Hedge accounting
Implementing the revised standard
Feedback to the FASB
Current FASB guidance: component risk
Commodity hedges
Contractually specific non-financial risk
New FASB guidance: not yet executed contracts
Interest rates: contractually specified component
Transition: new requirements
Implementing the revised standard
Classification and measurement: ASU 2016-01
IFRS 9: Financial Instruments
CECL planning: roadmap to implementation
Disclosure challenges: pooling for vintage disclosures
Auditor/investor challenges

Public Company Auditing Update 
11:15 AM – 12:15 PM
Review of PCAOB inspections findings
  – Issues related to ICFR
  – Assessing and responding to risk of material misstatement
Standard setting and related activities:
  – Improving the transparency of audits
  – Auditors’ use of specialists
  – Auditing accounting estimates and fair value measurements
PCAOB expected areas of focus in 2017

 – 1:00 PM

Revenue Recognition Standard: Transition & Implementation
1:00 – 2:30 PM
Background and overview 
• Five Step Model for Recognizing Revenue
• Other considerations

  – Licenses
  – Principal vs. agent considerations and more
• Disclosures

  – Disaggregation of revenue
  – Reconciliation of contract balances
• SAB 74 considerations—transparent disclosures about the effect of implementation
• Transition Resource Group Consensus and industry task forces update
• Transition considerations

  – Effective date and adoption methods
  – Transition examples
• Implementation issues

  – Project management and internal dynamics
  – Issue analysis
  – Transactions and deals
  – Technology and systems
  – Communications

 – 2:45 PM

SOX Risk Benchmark—Determine if Your SOX Program Needs a Refresh 
2:45 – 4:15 PM
This interactive session features an innovative live video poll on SOX Risk Assessment Factors. Participants will be shown a list of risk indicators and will be able to respond anonymously, if the risk indicator is relevant to their situation. The result totals will be shown on screen in real time. It will shine a spotlight on critical factors that may indicate your risk assessment approach may not be sufficiently designed to achieve its intended objective—reliable financial reporting. This session will provide you with leading practices for designing a robust risk assessment program, including effective ways to manage people and processes while utilizing innovative tools and technologies.

Frequently Encountered Accounting & SEC Reporting Topics 
 – 5:15 PM
This session will focus on complex and challenging accounting and SEC reporting topics that are frequently encountered by accounting professionals of public companies. Areas of discussion will include:
Non-GAAP measures
New accounting disclosures
Segment reporting
Financial statement presentation
Statement of cash flows
Definition of a business

Conference Ends
5:15 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
SEC Conference 2017: An Accounting & Reporting Update for Public Companies Webcast




Anne McKinley, Assistant Regional Director, Division of Enforcement, SEC

Erin Schneider, Associate Regional Director, Division of Enforcement, SEC

Shamoil T. Shipchandler, Regional Director, Fort Worth Regional Office, SEC

Alexander Vasilescu, Regional Trial Counsel, SEC

George Wilfert, Deputy Director, Office of Research and Analysis, PCAOB


Ryan Evans, Partner, KPMG, former Professional Accounting Fellow, SEC

Louis Fanzini, SVP Deputy Controller, TD Bank, former FASB Industry Fellow, FASB

Steven C. Jacobs, Partner, Ernst & Young LLP, former Associate Chief Accountant, Division of Corporation Finance, SEC

Henry Klehm III, Partner, Jones Day, formerly in the Division of Enforcement, SEC

David Lee, Corporate Partner, K&L Gates, former Special Counsel in the Office of Chief Counsel, Division of Corporation Finance, SEC

Susan Markel, Managing Director, AlixPartners, former Chief Accountant, SEC

James Moloney, Corporate Partner, Gibson, Dunn & Crutcher LLP, former Special Counsel, Division of
Corporation Finance, SEC

Brad Mroski, Director, AlixPartners, former Assistant Chief Accountant, Division of Enforcement, SEC

Christian Peo, Partner, KPMG, former Professional Accounting Fellow, Office of the Chief Accountant, SEC

Susan Resley, Partner, Morgan Lewis, formerly in the Division of Enforcement, SEC


Chris Ackerlund, Financial Reporting and Policy, Bank of America

Michael Corrao, Advisory Senior Manager, Deloitte

Nick Daddario, Vice President, Assistant Corporate Controller, Starwood Hotel & Resorts

Heather Dixon, Vice President and Assistant Controller, Aetna

Patrick G. Durbin, Partner, PwC

Damon Farley, Executive Director, Ernst & Young LLP

Shelley Finn, Senior Financial Principal/Director, Accounting Policies, DXC Technology

M. Sean Hartford, Controller and Principal Accounting Officer, Rosetta Stone, Inc.

Ashima Jain, Managing Director, PwC

Allen Klingsick, Senior Vice President and Chief Accounting Officer, Hilton Grand Vacations

Jason Larkin, Senior Manager, Ernst & Young LLP

Eric Lewis, Partner, Ernst & Young LLP

Michael Nesta, Partner, KPMG

Angela Newell, National Assurance Partner, BDO

Beth Paul, Partner, PwC

Jeremy Potts, Director, Capital One

Darren Robb, Senior Vice President and Chief Accounting Officer, Park Hotels and Resorts

Lynn Rogers, Senior Vice President, External Reporting, Bank of America

Brandon Rowland, Ernst & Young LLP, Assurance Partner

Patricia Salkin, Managing Director, Deloitte

Amie Thuener, SEC Reporting, M/A Finance, Google

Julie Valpey, Assurance Partner, National SEC Department, BDO


Paul Bessette, Partner, King & Spalding

Stephen Fackler, Partner, Gibson, Dunn & Crutcher LLP

Sean Feller, Partner, Gibson, Dunn & Crutcher LLP

Steve Spiegelhalter, Principal, Ernst & Young LLP, former Trial Attorney (Criminal Division, Fraud Section, FCPA)

John Tang, Partner, Jones Day

Michael Ussery, Principal, Pt. Platinum Consulting

Robyn Zolman, Partner, Gibson, Dunn & Crutcher LLP


This program is also available via live webcast
SEC Conference 2017: An Accounting & Reporting Update for Public Companies Webcast


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call CPE INC. or the hotel’s reservation department and ask for the CPE INC. special room rate.


San Mateo Marriott San Francisco Airport
1770 South Amphlett Boulevard
San Mateo, CA 94402
(650) 653-6000


This program is also available via live webcast
SEC Conference 2017: An Accounting & Reporting Update for Public Companies Webcast

Increase your savings by taking one or more of our pre- and post-conference workshops. Pricing is as follows:

Conference: $1445
Workshop: $595
Conference & One Workshop: $1850
Conference & Two Workshops: $2150

In addition to these discounts, you may be entitled to Early Bird and Customer Loyalty Discounts.
To take advantage of these discounts, please enter your reference number at checkout.