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



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.


•  Key SEC Developments

•  FASB Projects Update

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

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

•  SEC Enforcement Initiatives

•  A Practical Approach to Automation of Testing

•  Public Company Auditing Update

•  Post-Implementation Considerations of ASC 606

•  ICFR and Anti-Fraud Programs

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



Deluxe Continental Breakfast & Registration
 – 8:45 AM

Welcome & Opening Remarks
 – 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

  – New Lease Accounting Standard
  – SEC rulemaking update
  – Cryptocurrencies, tokens, and Initial Coin Offerings (ICO)
  – Going public without an IPO
• Proxy season update

  – ISS 2018 Policy Survey
  – Development and updates on shareholders proposals
  – Gender pay gap and diversity report
  – CEO pay ratio disclosures

10:30 – 10:45 AM

Key SEC Developments (continued) 
10:45 AM – 12:30 PM
• Cybersecurity

  – Corporation Finance 2011 Disclosure Guidance Topic No. 2—Adequacy of Disclosures
  – Why should boards focus on cybersecurity?
  – Cybersecurity best practices
  – Cybersecurity SEC enforcement priority
• SEC enforcement activities
• SEC staff comments and trends update
• SEC staff focus areas

  – Management’s discussion and analysis
  – Segment reporting
  – Income taxes

  – Looking ahead
  – Tax Cuts and Jobs Act/implications for SEC Accounting Disclosures, MD&A, and more

12:30 – 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

2:30 – 2:45 PM

Accounting for Leases: Implementation & Transition for Lessees & Lessors 
2:45 – 4:15 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 to ICFR

Financial Instruments: Recently Issued Standards & FASB's New Guidance on Accounting for Hedging Activities 
4:15 – 5:30 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: pooling for vintage disclosures
• Auditor/investor challenges

Cocktail Reception
 – 6:30 PM


Deluxe Continental Breakfast
 – 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

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 complement 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
• 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

11:45 AM – 12:30 PM

Public Company Auditing Update 
12:30 – 1:30 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

Post-Implementation Considerations of ASC 606
1:30 – 2:30 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

2:30 – 2:45 PM

ICFR & Anti-Fraud Programs
2:45 – 4:15 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

Frequently Encountered Accounting & SEC Reporting Topics 
4:15 – 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:
• Financial statements and pro forma requirements of acquired businesses
• Differences between the FASB definition of a business and the SEC’s definition of a business and
  why it is important
• Requesting no action, interpretive guidance or SX3-05 waivers from the SEC
• Related party matters
• Effects of subsequent events on financial statements in required filings
• Discontinued operations
• Changes in segments
• Measurement period adjustments
• Assessing materiality

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




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


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

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

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


Chris Ackerlund, Financial Reporting and Policy, Bank of America

Barry Berkowitz, Technical Accounting, Google

Michael Corrao, Advisory Senior Manager, Deloitte

Germaine Cota, Assistant Corporate Controller, LinkedIn

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

Damon Farley, Executive Director, Ernst & Young LLP

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

Tai Fung, Director of Global Consolidations and Reporting, Starbucks

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

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

Julie Valpey, Assurance Partner, National SEC Department, BDO


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

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


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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.


The Ritz-Carlton, Marina Del Rey
4375 Admiralty Way
Marina Del Rey, CA 90292
(310) 823-1700


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.