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

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

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

CPE Credit: 18 Hours

Price: $899.00

NASBA Field of Study: Accounting

$499 per day or take both days for just $899!

 

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.

In this exclusive, online Conference, you'll be brought up to speed on how to effectively deal with all of the new financial accounting and reporting requirements, regulations, and the impact of COVID-19 (Coronavirus), from the FASB, SEC, PCAOB, IASB, AICPA and other rulemakers.

Introducing our Conference Flex Pass! For the ultimate in flexibility, sign up for two consecutive or non-consecutive days of the same conference! (Non-consecutive days must be purchased at the same time.)
 

DAY ONE AGENDA HIGHLIGHTS


•  Key SEC Developments

•  The Impact of COVID-19

•  ESG & Financial Reporting        

•  FASB Update

•  Special Purpose Acquisition Companies (SPAC)

 

DAY TWO AGENDA HIGHLIGHTS


•  SEC Enforcement Issues

•  Public Company Auditing Update

•  Reference Rate Reform: Accounting and
   Operational Considerations

•  Communications with Stakeholders—Panel
   Discussion

•  Internal Controls—Hot Topics

•  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.

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

 

This is a broadcast of our
SEC Virtual Conference: An Accounting & Reporting Update for Public Companies

Agenda

DAY ONE AGENDA


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

Key SEC Developments
9:00
 – 10:30 AM
SEC Commission & Staff Changes
  – Leadership focus

SEC Reporting in the COVID-19 Environment
  – Corp Fin Disclosure Topic No. 9, 9A
  – Non-GAAP measures
  – COVID-Related SEC enforcement actions
SEC Financial Disclosure Rulemaking
  – Change to non-accelerated filer definition
  – New definitions of accelerated and large accelerated filers
• Amendments to Rule 3-10 and Rule 3-16
  – Guaranteed debt or debt-like securities
Rule 3-13 Waiver requests
  – S-X Rule 3-13 relief
  – SEC staff waiver requests
Amendments to Rule 3-05 and Article 11
  – Changes to reporting acquisitions and dispositions
  – Financial Statements of Businesses Acquired or to be Acquired
  – Reduced requirements for registration statements
  – Pro Forma information
  – Disclosure effectiveness—S-X Rule 3-05 (Acquired Business)
Amendments to Modernize Disclosures of Business, Legal Proceedings & Risk Factors Under
  Regulation S-K
  – Adoptive and Effective Dates
  – Item 101Description of Business
  – Item 101Description of Business—Human Capital Resources
  – Item 103Legal Proceedings
  – Item 105Risk Factors
  – A Closer Look: Human Capital Management Disclosure
  – Principles-Based Disclosure
Changes to the Definition of Accredited Investor & Qualified Institutional Buyer
  – SEC Expands the definition of “Accredited Investor”
Direct Listings on the New York Stock Exchange
  – Overview of Listing Standards Applicable to Direct Listings
Modernizing Disclosures for Banking Registrants
  – Industry Guide 3 replaced
  – Codification and elimination of certain Guide 3 disclosures
Amendments to Modernize & Simplify Certain Parts of Regulation S-K
  – MD&A and other financial disclosure requirements
Inline XBRL
  – Other rule changes:
     – E signatures
     – Cover Page and 2019 amendments

Break
10:30
 – 10:40 AM

Key SEC Developments (continued) 
10:40 AM – 12:25 PM
SEC Interpretive Guidance
  – Key performance indicators and metrics in MD&A
• Critical Audit Matters (CAMs)
  – Applicability of CAM Reporting
  – Communication
  – Will auditors disclose “original information”?
  – Language used in communicating CAMS
  – Early preliminary observations
• SEC Interpretive Guidance—SPAC Mergers
  – Special Purpose Acquisition Companies (SPACs)
  – Current practice matters related to reverse mergers with SPACs
• Cybersecurity
  – Disclosures
  – SEC enforcement priority
• Legislative Update
  – JOBS Act 3.0
  – Regulatory outlook—Biden administration
• FASB ASC Updates
  – Credit Impairment (ASC326)
• SEC Staff Comments & Trends
  – SEC staff focus areas
  – ASC 606, Revenue from Contracts with Customers
  – Non-GAAP measures
  – MD&A
  – Goodwill issues
• CARES Act Accounting Issues
  – Paycheck Protection Program (PPP)
     – Borrower and lender accounting
– Loan Modifications related to COVID-19
– Main Stream Lending Program (MSLP)

Lunch
12:25
 – 1:10 PM

ESG & Financial Reporting
1:10 – 2:40 PM
Environmental, Social and Governance (ESG) performance, reporting and assurance has gained center stage around the world as organizations seek to better understand the needs and concerns of a variety of stakeholders, improve their own performance and better communicate their ability to create long term sustainable value. In addition, the SEC, FASB, IASB and other regulators are also focusing on how companies can better disclose ESG issues. Finance and accounting professionals can play a valuable role in adding value as their organizations start, evolve and continuously improve their ESG related activities by:
Learning
about the latest pressures, drivers and application of ESG activity that enhance
  organizational value and sustainability for key internal and external stakeholders
Gaining insights into the most current ESG reporting techniques and leading practices as well as
  reporting frameworks and standards used by leading organizations globally
Understanding internal control aspects and third party assurance

Break
2:40 – 2:45 PM

FASB Update
2:45 – 4:00 PM

FASB Current Active Agenda
Recently Completed Projects & Related Implementation Issues
Recently Issued Exposure Drafts & Other Formal Projects 
Accounting Updates with Upcoming Effective Dates

Disclosure Effectiveness
Simplification Projects
EITF Update

Break
4:00 – 4:05 PM

Special Purpose Acquisition Companies (SPAC)
4:05 – 5:20 PM

In the past several years, and particularly over the past several months, SPACs have grown and matured significantly. This has opened a viable alternative and expedited path for private companies to access the public markets. This is also a potential avenue for public companies when disposing of a business unit or doing a “carve out.” This session will focus on:

Overview & Benefits of a SPAC
Lifecycle of a SPAC
SEC Registration Process
Financial Accounting & Tax Considerations for the Acquisition Transaction
SEC Reporting for the Acquisition Process
Financial Accounting & SEC Reporting after the Acquisition

 

DAY TWO AGENDA


SEC Enforcement Issues
8:45 – 10:15 AM
Leadership Changes & New Era in SEC Enforcement Policy
SEC Response to COVID-19
SEC Enforcement Actions and Penalties
SEC Enforcement Overall Results of 2020
SEC Enforcements Trends
Sources of Investigations
SEC Whistleblower Program Update & Awards
Arsenal of SEC Enforcement Weapons
SEC Investigation Process
Financial Reporting & Disclosure Enforcement Trends
Best Practices for Accounting & Reporting Compliance
Common Mistakes Public Companies Make in SEC Investigations
Financial Reporting and Audit Group
Recent Accounting and Reporting Cases
Litigated Financial Fraud & Auditor Cases
FCPA Trends & Recent Cases
SEC Focus On Cyber: Disclosure, Internal Controls, Cryptocurrency, etc.
Insider Trading—Recent Cases
Recent Cases Against Individual Auditors & Accountants

Break
10:15
 – 10:20 AM

Public Company Auditing Update
10:20 – 11:35 AM
PCAOB 0rganizational Update
  – Leadership
  – Goals set out in the PCAOB’s 2020 - 2024 strategic plan
  – Publication Highlights During 2020
Inspections Update & Outlook for 2021
Reporting & CAMs
  – What auditors communicate about CAMs
  – Learnings from first year of CAM reporting for large accelerated filers
  – Audit reports issued to date
Internal Controls over Financial Reporting
  – ICFR considerations – review controls
  – Internal Control over Financial Reporting (ICFR) considerations
  – Evaluating control deficiencies – reminders
SEC Report of Investigation Regarding Certain Cyber-Related Frauds Perpetrated Against Public
  Companies and Related Internal Accounting Controls Requirements
  – SEC Report of Investigation
PCAOB’s Current Standard-setting Activities
  – Standard setting updates
  – PCAOB’s research agenda
  – Strengthened requirements related to auditing accounting estimates and fair value measurements
  – New standard addressing the use of specialists
  – The quality control standards landscape is changing – Current PCAOB standard-setting activities
  – Use of other auditors
  – Independence

Break
11:35
 – 11:40 AM

Reference Rate Reform: Accounting and Operational Considerations
11:40 AM – 12:40 PM
The upcoming phase-out of the London Inter-bank Offered Rate (LIBOR) in favor of alternative reference rates will lead to extensive changes to global finance. LIBOR is used extensively in the US and global markets as a reference interest rate in a broad range of financial instruments and commercial agreements, but banks are encouraged not to trade in LIBOR instruments after 2021. The Intercontinental Exchange is expected to continue to publish the LIBOR rate through June 2023 to be responsive to legacy contracts.  Regulators in various jurisdictions have been working to replace LIBOR and other interbank-offered rates with reference interest rates that are more firmly based on actual transactions from liquid markets. While there are replacement reference rates in place, obstacles are preventing many participants from taking action. The transition to new reference interest rates will require countless contracts, such as derivative contracts and variable rate debt agreements, to be modified. Accounting changes to contracts stemming from reference-rate reform could be costly and burdensome to apply and could have significant effects on financial reporting, including increased earnings volatility. This session will focus on the accounting impact from the LIBOR transition, including:
Hedge Accounting & Inventorying All Hedge Accounting Elections
• Debt Agreements & Modifications
• Discount Rate Development Applied in Key Models Such as Lease Accounting & Fair Valuation
• Establishing a Process to Inventory Applicable Instruments, Implementing Controls to Ensure Any
  Practical Expedients Elected are Eligible
• Updated Transition Guidance

Lunch
12:40 – 1:25 PM

Communications with Stakeholders—Panel Discussion
1:25 – 2:40 PM
This panel discussion will include investor-relations experts, an audit-committee chairperson, SEC legal counsel, and a representative from a stock exchange, who will discuss their recommendations and experiences for best practices relating to companies' communications with stakeholders.

Break
2:40
 – 2:45 PM

Internal Controls—Hot Topics
2:45 – 4:00 PM
This session will provide an update on current trends associated with a company’s internal control environment and expectations for public companies to maintain documentation of the execution of processes and controls based on recent guidance and enforcement action from the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB).
Topics that will be discussed include:

Documentation Expectations Associated with Management Review Controls
• How to Document the Controls Associated with Information Produced by the Entity
• Entity-Wide Controls
• Controls over Estimates & Significant & Unusual Transactions
• Monitoring Activities & Evaluating Deficiencies

Break
4:00
 – 4:05 PM

Frequently Encountered Accounting and SEC Reporting Topics
4:05 – 5:20 PM
This session will focus on complex and challenging accounting and SEC reporting topics that are frequently encountered by accounting professionals of public companies. Discussion will include:
• Post Implementation Issues of the Revenue Recognition (ASC 606) & Lease Accounting (ASC 842)
  Standards
• Credit Losses (ASC 326) & Current Expected Credit Loss (CECL)
• Latest Developments in Business Combinations, including Goodwill & Impairments
• Accounting for Income Taxes
… and more

Conference Ends
5:20 PM

 

This is a broadcast of our
SEC Virtual Conference: An Accounting & Reporting Update for Public Companies

 

Speakers

CONFERENCE SPEAKERS


CURRENT REGULATORS

Robert Hirth, Co-Vice Chair, SASB

Matt Jacques, Chief Accountant, Division of Enforcement, SEC

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

Fuad Rana, Assistant Director, SEC

Erin Schneider, Regional Director, Division of Enforcement, SEC

Neil Stewart, Director of Corporate Outreach, SASB

Alexander Vasilescu, Trial Unit Chief for SEC's New York Regional Office

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

Kate Zoladz, Associate Regional Director, Enforcement, SEC
 

FORMER REGULATORS

Jina Choi, Partner, Securities, Enforcement and White Collar Defense, Morrison & Foerster LLP

Alex Debbink, Manager, Financial Accounting Advisory Services, Ernst & Young LLP, formerly Technical Accounting Assistant at the FASB

Andrew Debbink, Senior Financial Accounting Advisory Services, Ernst & Young LLP, formerly Technical Accounting Assistant at the FASB

Louis Fanzini, Chief Accounting Officer and Corporate Controller, MISTRAS Group, Inc, former FASB Industry Fellow, FASB

William Fore, Senior Manager, Audit and Assurance, Deloitte

Courtney Haseley, Of Counsel, Gibson, Dunn & Crutcher

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

David Korvin, Attorney, Gibson Dunn, formerly an Attorney at 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, Managing Director, AlixPartners, former Assistant Chief Accountant, Division of Enforcement, SEC

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

CORPORATE LEADERS, BIG 4 & OTHER MAJOR ACCOUNTING FIRMS

Chris Ackerlund, Head of Accounting Policy, Bank of America Merrill Lynch

Karim Anani, Partner, Financial Accounting Advisory Transaction Leader, Ernst & Young LLP

Barry Berkowitz, Technical Accounting, Google

Fiona Burgess, Assistant Director, EY Center for Board Matters, Ernst & Young

Andrea Campion, Team Lead, SEC Reporting, Google

Ross Collins, Senior Manager, Financial Accounting Advisory Services, Ernst & Young LLP

Dennis Dai, FAAS Manager, Derivatives and Financial Instruments, Ernst & Young LLP

Rani Doyle, Executive Director, Center for Board Matters, Ernst & Young LLP

Sheri Fabian, National Assurance Partner – SEC Services, BDO

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

Tai Fung, Director, Starbucks Coffee Company

Ted Guy, Partner, Ernst & Young LLP

Rand Hawk, Senior, Technical Accounting Advisory Services, Ernst & Young LLP

Marie Johnson, Partner, Assurance and Advisory, Ernst & Young LLP

Karen Keelty, Assurance Partner, National Office, PwC

Wes Kelly, Assurance Partner, PwC

Bob Kerich, Senior Vice President, Bank of America

Tim Kviz, National Assurance Managing Partner, SEC Services, BDO

Brandon Landas, Partner, BDO

Jennifer Lee, Senior Manager, Ernst & Young LLP

David Levi, Senior Vice President, Controller & Principal Accounting Officer, Vonage

Mark Levy, Global Head of Accounting Policy and Compliance, JLL

Craig Lewandowski, Managing Director, KPMG

Jesicris Manabat, National Assurance Senior Manager, SEC Services, BDO

Joe Maneri, Audit Senior Manager, Deloitte

Polia Nair, Managing Director, SEC Regulatory Matters & Capital Markets, Ernst & Young LLP

Angela Newell, National Assurance Partner, BDO

Andrea Perdomo, MDP Audit Senior Manager, Deloitte

Jonathan Perdue, National Assurance Senior Manager, SEC Services, BDO

Chris Power, Senior Manager of Technical Accounting and SEC Reporting, Salesforce

Barbara Ruane, Global Director of Revenue Recognition, JLL

Tina Schmelcke, Director, PwC

Meaghan Schmidt, Managing Director, AlixPartners

Matthew Slattery, Audit Senior Manager, Deloitte

Kristin Sterling, Senior Manager, Sustainability, Ernst & Young LLP

Tamara Stitt, SEC Reporting Manager, Bank of America

Kendy Thompson, Consulting Senior Manager, Ernst & Young LLP

Hannah Welch, Assurance Senior Manager, Ernst & Young LLP

Bill Witt, Director, Accounting and Transaction Services, MorganFranklin

Alysa Wix, Manager, Audit and Assurance, Accounting and Reporting Advisory, Deloitte
 

LEGAL & OTHER SEC REPORTING SPECIALISTS

Alan Bannister, Partner, Gibson, Dunn & Crutcher LLP

Maia Gez, Partner, White & Case LLP

Hillary Holmes, Partner, Gibson, Dunn & Crutcher LLP

John Tang, Partner, Jones Day

Mike Titera, Associate, Gibson, Dunn & Crutcher LLP

Robyn Zolman, Partner, Gibson, Dunn & Crutcher LLP

 

This is a broadcast of our
SEC Virtual Conference: An Accounting & Reporting Update for Public Companies

 

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