Broker-Dealer Accounting Virtual Conference 2020

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Broker-Dealer Accounting Virtual Conference 2020

CPE Credit: 8 Hours

Price: $499.00

NASBA Field of Study: Accounting



This is the one Virtual Conference where you'll hear directly from FINRA, CFTC and PCAOB regulators on their latest initiatives and key priorities. Discover how these developments may impact your company’s practices and bottom line, get critical updates on the inspections of broker-dealer audits, and keep up with trending technologies, such as cryptocurrency and cybersecurity.

Through our comprehensive agenda and immersive online platform, you’ll gain expert guidance and real-world strategies from current and former regulators, Big 4 leaders and other industry specialists on implementing the latest accounting standards, dealing with regulators, mitigating risks, and more.


•  State of the Brokerage Industry

•  The Impact of COVID-19

•  Regulatory Trends, Industry Initiatives & Challenges

•  Technical Accounting Update

•  PCAOB Update

•  Digital Future

•  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.

DELIVERY METHOD  Group Internet-Based.



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

State of the Brokerage Industry
 – 9:30 AM
This session will provide an overview of the broker-dealer landscape, deliver an update on regulatory initiatives, cover the impact of regulations on capital formation, present related innovations, and offer a glimpse into the future of the broker-dealer industry. Topics to be discussed include:
The regulators and potential reform
• Key regulators of the securities industry
• Impact regulations have on capital formation
• Equity market structure
• Corporate bond market structure
• Key regulatory initiatives
• Innovations/future of broker-dealer industry

Regulatory Trends, Industry Initiatives & Challenges
 – 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:
• An update on regulatory notices
• FINRA’s risk monitoring and exam priorities
• FINRA’s risk monitoring and exam observations

10:45 – 11:00 AM

Technical Accounting Update
11:00 AM – 12:00 PM
• Accounting for leases
• Current Expected Credit Losses (CECL)
• Revenue Recognition—year 2 considerations
• Adoption Reminders: Statement of Cash Flows and Restricted Cash

PCAOB Update
12:00 – 12:45 PM
• PCAOB strategic plan and goals
• PCAOB standards update
  – New Auditors Report
  – Critical Audit Matters
  – Standard-setting and research projects
• Inspections
  – Inspection program objectives
  – Number of firms that audited broker-dealers
  – Findings of the recent inspection
  – 2019 Inspection Plan
     – Required audits of the financial statements and supporting schedules of brokers and dealers
     – Required examination and review engagement
     – Firm quality control procedures
  – Going Concern Disclosure Requirements
  – SEC FAQ—Amendments to the Broker-Dealer Financial Reporting Rules
• Enforcement
  – Activities
  – Independence matters—sanctionable conduct
• Perspectives on other matters
  – Technologies and risks
  – Communications
  – Actions for audit firms
• Keeping current

12:45 – 1:45 PM

Digital Future  
1:45 – 2:45 PM
• FinTech overview
• Marketplace update
• Blockchain technology
• Cryptocurrency
• Robotics and cognitive automation
• Regulator perspectives

2:45 – 3:00 PM

Comments from the CFTC   
3:00 – 4:00 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
4:00 – 5:00 PM
Organizations are spending more money on cyber concerns than ever before...but the problems still persist. In addition, FINRA continues to assess firms' programs to mitigate risks, including data loss. In this session, our experts will show the best ways to handle these critical cybersecurity issues:

Cyber breaches and regulators
• Focus on adversaries and their use of cryptocurrency
• Platforms designed for sharing, but not protecting, information
• Organizations' innovations can create or magnify cyber risk
• Enterprise challenges in the New Era
• Regulatory challenges

Conference Ends
5:00 PM



Sarah Kenny, Director, National Professional Services Group, PwC, is an expert in valuation and fair value estimates, as well as a thought leader in standard-setting activities.

Tim Vintzel, Audit Partner, Banking and Securities Group, Deloitte & Touche LLP, is a Chartered Financial Analyst who specializes in audits of large, multinational clients, and technical securities industry matters.


Mir M Alam, Associate Director, PCAOB

Matthew Block, Audit Senior Manager, Deloitte & Touche LLP

John Clemente, Risk and Regulatory Advisory Practice, PwC

Katherine Mahoney, Director, Financial and Operations Policy Group, FINRA

Jerry Nudge, Associate Director, Division of Swap Dealer and Intermediary Oversight, CFTC

Mary Kay Scucci, Managing Director, Chief Financial Officer, SIFMA

Anthony Vinci, Director, Accounting Policy, FINOP Policy, FINRA



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