Banking & Financial Services Accounting & Reporting Virtual Conference

CONFERENCE AGENDA

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

Regulatory Update: Latest Developments at the FDIC, Federal Reserve Board, & the OCC Impacting Financial Reporting
9:00 – 10:15 AM
Since the spring 2023 bank crisis, the federal banking agencies have proposed significant changes to the capital and long-term debt requirements for large banking organizations that are expected to have a meaningful impact on the operations (including financial reporting) of banks of all sizes. In particular, the capital rules would alter the capital treatment of unrealized losses on certain debt securities that banks hold as assets. This session will discuss these developments and their financial reporting impacts, as well as:
• Reporting Securities on Financial Statements
• Supervisory Matters
• Basel III Endgame Reforms
• Long-term Debt Requirements
• Liquidity Requirements and Discount Window Preparedness
• Amendments to the Call Report
• Synapse Banking and its Impact on BaaS
• Reporting Requirements

Break
10:15 – 10:20 AM

Technical Accounting Update
10:20 – 11:20 AM
Now more than ever, financial professionals in the banking and financial services industry must remain aware of the latest changes to technical accounting. Many new standards became finalized for year-end Public Business Entities, and Non-Public Business Entities will soon follow. This session will catch you up on everything you need to know, as well as discuss relevant active projects, including:
• Standard Setting Update
• Segment Reporting
• Measures of a Segment's Profit or Loss
• Improvements to Income Tax Disclosures
• Accounting for and Disclosure of Software Costs
• Purchased Financial Assets

Break
11:20 – 11:25 AM

SEC Updates Including SEC Enforcement Issues
11:25 AM – 12:40 PM
In this session, we will provide you with up-to-the-minute information and guidance you need to successfully handle all of today’s most critical SEC enforcement and rulemaking issues impacting the banking and financial services industry. We will also discuss:
• Developments of SEC Rulemaking
• Disclosures Regarding Risk Management Strategy and Governance
• Disclosing Material Cybersecurity Incidents
• Climate Rules Update
• California Senate Bills (253, 261, and 1305)
• International Sustainability Standards Board (ISSB)
• Recent Enforcement Actions
• Proxy Season Overview and Notes

Lunch
12:40 – 1:10 PM

PCAOB Update
1:10 – 2:10 PM
This session will examine the latest PCAOB changes and updates as they relate to the banking and financial services industry. We'll look at:
• Inspection Results and Status
• Audit Deficiencies
• Inspection Priorities
• New Standards and Rules
• Audit Engagement
• Financial Statement Areas—Revenue, Related Party Transactions, Going Concern, Expenses,
  Accruals, Fair-Value Measurements, and Receivables and Payables
• Supplemental Information—Customer Protection Rule, Net Capital Rule
• Quality Control Systems
• Proposal on NOCLAR
• Recent Regulatory Actions and Sanctions

Break
2:10 – 2:15 PM

Accounting for & Auditing of Digital Assets
2:15 – 3:15 PM
The FASB has released new accounting guidelines dealing with digital assets known as Fair Value Accounting. As a result, financial professionals are quickly playing catchup to understand the accounting and auditing issues related to important new technologies such as cryptography and blockchain. In this session, an expert will address:
• Fundamentals of Distributed Ledger Technology
• Accounting for Crypto Assets Before and After ASU 2023-08
• Disclosure Considerations
• Comparison of US GAAP vs. IFRS
• Examples of Accounting for Different Crypto Asset Transactions
• Audit Considerations
• Relevant Literature and Updates

Break
3:15 – 3:20 PM

Digital Journey
3:20 – 4:20 PM
Digital transformation in banking is taking customers on an evolving journey that enhances their banking experiences in ways that would have seemed impossible before. But this also creates challenges for banks to make sure they are taking on the proper digital initiatives that will allow them to keep up with growing customer expectations. In this session, we will discuss:
• Management Priorities
• Transformation Drivers
• Top Human-Operated Ransomware Concerns
• Data Security Concerns
• Proactive Techniques and Common Attacks
• Cybersecurity Framework
• Utilizing AI

Closing Remarks
4:20 – 4:30 PM

Conference Ends
4:30 PM