SEC Conference 2018: 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 2018: An Accounting & Reporting Update for Public Companies

CPE Credit: 18 Hours

Price: $1,445.00

NASBA Field of Study: Accounting

 

Overview

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.

At these events, you will be brought up to speed on how to effectively deal with all of the new financial accounting and reporting requirements and regulations from the FASB, SEC, PCAOB, IASB, AICPA and other rule makers.
 

AGENDA HIGHLIGHTS

•  Key SEC Developments

•  Hot Topics in Compensation: What You Should Know About Pay Ratio and Clawbacks

•  FASB Projects Update

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

•  SEC Enforcement Initiatives

•  A Practical Approach to Automation of Testing

•  ICFR and Anti-Fraud Programs

•  Public Company Auditing Update

•  Post-Implementation Considerations of ASC 606

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

 

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.

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

 

This program is also available via live webinar
SEC Conference 2018: An Accounting & Reporting Update for Public Companies Webinar

Agenda

DAY ONE AGENDA*


Deluxe Continental Breakfast & Registration
8:15
 – 8:45 AM

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

Key SEC Developments
9:00 – 10:30 AM
• SEC staff changes
  – SEC staff/administration leadership focus
• New SEC disclosure requirements and developments
• PCAOB developments
• Key SEC priorities

  – Effects of tax reform
  – Disclosure effectiveness 
  – New Revenue Recognition Standard 
  – Waivers under Rule 3-13: SEC Relief from Financial Statement Requirements

     – New Leasing Standard
     – Non-GAAP financial measures
Pay Ratio Disclosure
  – SEC Final Rule
  – Item 402 (U) Disclosure Requirements
SEC rulemaking update
  – Other proposed rules
  – Conflict minerals rule
  – Proposed XBRL rules—Inline XBRL, IFRS Taxonomy
Proxy season update
  – ISS 2018 Policy Survey
  – Development and updates on shareholder proposals
  – Growing popularity of virtual-only meetings

Break
10:30 – 10:45 AM

Key SEC Developments (continued) 
10:45 AM – 12:30 PM
• Cybersecurity disclosures—Corporation Finance 2018 Guidance

Cybersecurity best practices
Cybersecurity SEC enforcement priority
SEC enforcement activities 
Financial Choice Act 2.0   
SEC’s filing review process
SEC staff comments and trends update
SEC staff focus areas
  – Management’s discussion and analysis

  – Segment reporting
  – Income taxes
  – Looking ahead

Luncheon
12:30 – 1:15 PM

Hot Topics in Compensation: What You Should Know About Pay Ratio & Clawbacks
1:15 – 2:30 PM

Pay ratio rule
  – Developments in 2018 and overview of statistics for disclosure

  – Background on rule/history
  – Key requirements of disclosure and exemptions
  – Internal approaches/company processes for disclosure
  – Attention/focus on disclosure in media
  – State/local legislation on pay ratio

Clawbacks
  – Background on proposed rule, current status
  – Policies drafted/adopted in aftermath of Dodd-Frank

  – Recent developments
  – New considerations for clawback policies in 2018

Break
2:30 – 2:45 PM

FASB Projects Update
2:45 – 4:00 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

Accounting for Leases: Implementation & Transition for Lessees & Lessors 
4:00 – 5:30 PM
• Overview of the Standard
• Implementation issues
  – Identifying the population of leases

  – Separating lease and non-lease components
  – Optimizing practical expedients
  – ICFR changes required by the New Standard
• 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 on ICFR

Cocktail Reception
5:30
 – 6:30 PM
 

DAY TWO AGENDA*


Deluxe Continental Breakfast
8:00
 – 8:30 AM

SEC Enforcement Initiatives
8:30 – 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

Break
10:00 – 10:15 AM

A Practical Approach to Automation of Testing
10:15 – 11:45 AM
In today’s digital environment, automation and emerging technologies can greatly improve the effectiveness and efficiency of governance functions (IA, Ops & IT Risk, Compliance). However the integration of automation to support and compliment management’s testing programs can present challenges. This session will dive into the practical approach of automating testing and how to overcome potential barriers. We will cover leading practices on how these functions can approach this challenge in a meaningful and practical way, and discuss:
• The concerns and challenges governance functions/management face in automating their testing
  environment
• The most effective way that governance functions can drive the transformation of their testing
  programs from a manual “check the box” exercise to an automated, value-driven program
• How these functions demonstrate enhanced value to their organization by implementing an effective
  automated testing strategy                                   
• New ways to elevate, engage and prepare your organization for the future of testing programs

ICFR & Anti-Fraud Programs 
11:45 AM – 12:45 PM
• How to evaluate and classify a deficiency

  – Deficiency, significant deficiency, or material weakness
When signature approvals are NOT evidence of an effective control
Remediating deficiencies
Are ICFR and anti-fraud controls the same?
Developing effective anti-fraud controls

Luncheon
12:45 – 1:30 PM

Public Company Auditing Update 
1:30 – 2:30 PM
• Review of PCAOB inspections findings
  – Issues related to ICFR
  – Assessing and responding to risk of material misstatement
• Standard setting and related activities:
  – Overview of the New Auditor’s Report
  – Auditors’ use of specialists
  – Auditing accounting estimates and fair value measurements
• PCAOB expected areas of focus in 2018

Break
2:30 – 2:45 PM

Post-Implementation Considerations of ASC 606
2:45 – 4:00 PM
Assessing completeness and adequacy of disclosures throughout the adoption year

SEC comment letters
  – Principal vs. agent analysis
  – Disaggregated revenue disclosures
Monitoring and analysis for smaller revenue streams more material after adoption
Impact on intercompany transactions and international entities for statutory audits
Modified retrospective with 1 year of maintaining records under old and new standards
Changes to process controls and disclosure controls, and how to support for the audit

Process changes
  – Legacy 605 processes/systems with top-side adjustments vs. new processes/systems

  – How controls may need to differ depending on approach
Quarterly reviews and other auditor procedures
High-level tax implications and the need to work closely with your corporate tax team

Financial Instruments: Recently Issued Standards & FASB's New Guidance on Accounting for Hedging Activities 
4:00 – 5:15 PM
The FASB’s new credit losses standard changes the accounting for credit losses by using a measurement approach that is based on the current expected credit loss (CECL) model. While the new standard primarily affects financial institutions, it also affects all companies that have trade receivables in estimating the allowance for doubtful accounts and cost method investments. The rules for the hedge accounting model under US GAAP have also 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 CECL and the New Hedge Accounting Standard, including:
• Comparison of FASB decisions to current guidance
• Applying the CECL model
• Impairment challenges
• CECL planning: roadmap to implementation
• Targeted improvements to hedge accounting
• Commodity hedges
• Contractually specific non-financial risk
• Disclosure challenges
• Auditor/investor challenges

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 webinar
SEC Conference 2018: An Accounting & Reporting Update for Public Companies Webinar

Speakers

CONFERENCE SPEAKERS


CURRENT REGULATORS

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
 

FORMER REGULATORS

Louis Fanzini, SVP Assistant Controller, Vonage, former FASB Industry Fellow, FASB

Jason Flemmons, Senior Managing Director, Ankura Consulting Group LLC, former Deputy Chief Accountant, SEC Division of Enforcement

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

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

Pravin Rao, Partner, Perkins Coie LLP, former Branch Chief, Division of Enforcement, SEC

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

Thomas Sporkin, Partner, Buckley Sandler LLP, former Chief of the Office of Market Intelligence, SEC Division of Enforcement

Andrew Thorpe, Partner, Orrick, Herrington & Sutcliffe LLP, former Special Counsel, Division of Corporate Finance, SEC
 

CORPORATE LEADERS, BIG 4 & OTHER MAJOR ACCOUNTING FIRMS

Chris Ackerlund, Financial Reporting and Policy, Bank of America

David Augustyn, Partner, KPMG LLP

Gabe Bauer, Manager, Deloitte Advisory

Barry Berkowitz, Technical Accounting, Google

Michael Cahill, Senior, Financial Accounting Advisory Services, Ernst & Young

Matthew Conway, Senior Manager, Ernst & Young LLP

Michael Corrao, Advisory Senior Manager, Deloitte

Germaine Cota, Assistant Corporate Controller, LinkedIn

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

Alex Debbink, Manager, Financial Accounting Advisory Services, Ernst & Young

Damon Farley, Executive Director, Ernst & Young LLP

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

Tai Fung, Director, Starbucks Coffee Company

Bryan Gacka, Senior Manager, Ernst & Young LLP

Jennifer Gerasimov, Managing Director, Deloitte Advisory

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

Ashima Jain, Managing Director, PwC

Karen Keelty, Assurance Partner, National Office, PwC

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

Eric Lewis, Partner, Ernst & Young LLP

Nathan Milton, Managing Director, KPMG

Arjun Mohan, Technical Accounting Controller, Google

Michael Nesta, Partner, KPMG

Angela Newell, National Assurance Partner, BDO

Beth Paul, Partner, PwC

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

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

Patricia Salkin, Managing Director, Deloitte

Zakariyah Shah, Senior Associate, KPMG LLP

Mike Titera, Associate, Gibson, Dunn & Crutcher LLP

Julie Valpey, Assurance Partner, National SEC Department, BDO
 

LEGAL & OTHER SEC REPORTING SPECIALISTS

Maia Gez, Of Counsel, Gibson, Dunn & Crutcher LLP

Hillary Holmes, Partner, Gibson, Dunn & Crutcher LLP

John Tang, Partner, Jones Day

John C. Wander, Partner, Shareholder Litigation and Enforcement, Vinson & Elkins LLP

Robyn Zolman, Partner, Gibson, Dunn & Crutcher LLP

 

This program is also available via live webinar
SEC Conference 2018: An Accounting & Reporting Update for Public Companies Webinar

Workshop

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Forum

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Location

CPE INC. has reserved a block of rooms at preferential rates. To make your hotel reservation,
call CPE INC. or the hotel’s reservation department and ask for the CPE INC. special room rate.

 

Park Hyatt Chicago
800 North Michigan Avenue
Chicago, IL 60611
(312) 335-1234

 

Grand Hyatt Washington
1000 H Street NW
Washington, D.C. 20001
(202) 582-1234

 

The Westin Phoenix Downtown
333 North Central Avenue
Phoenix, AZ 85004
(602) 429-3500

 

The St. Regis Houston
1919 Briar Oaks Lane
Houston, TX 77027
(713) 840-7600

 

The Westin New York at Times Square
270 West 43rd Street
New York, NY 10036
(212) 201-2700

 

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

 

This program is also available via live webinar
SEC Conference 2018: An Accounting & Reporting Update for Public Companies Webinar

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.