Overview
This is the one Virtual SEC Conference that provides you with the latest updates and expert guidance from current and former 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 developments from the FASB, SEC, PCAOB, IASB, AICPA and other rulemakers. We will also discuss many of today’s hot button issues such as ESG, Non-GAAP measures, enforcement, and AI. Plus, our new immersive platform allows you to interact with the speakers and other attendees, as well as participate in lively panel discussions.
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 • ESG & Financial Reporting • Non-GAAP Measures, Metrics & Disclosures • FASB Update
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DAY TWO AGENDA HIGHLIGHTS • SEC Enforcement Issues • Public Company Auditing Update • Role of AI in Financial Reporting & • Roundtable Discussion on Hot Button Issues • Internal Controls—Hot Topics • Frequently Encountered Accounting & |
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.
Agenda
DAY ONE AGENDA
Welcome & Opening Remarks
8:45 – 9:00 AM
Key SEC Developments
9:00 – 10:30 AM
In this session, we will provide you with the up-to-the-minute information and guidance you need to successfully handle all of today's most critical SEC accounting and reporting issues, including:
• Status of SEC Rulemaking
• Climate Disclosure Rules
• Special Purpose Acquisition Companies
• SEC Sample Comment Letters
• SEC Cybersecurity Disclosure Rules
• Delaware Law Developments
• Staff Accounting Bulletins and Staff Guidance
– Accounting for Obligations to Safeguard Crypto Assets
– Segment Reporting
Break
10:30 – 10:40 AM
Key SEC Developments (continued)
10:40 AM – 12:25 PM
• Share Repurchase Disclosure Rules
• New Insider Trading Rules
• Recovery of Erroneously Awarded Compensation
• Pay vs. Performance
• Perquisites
• Staff Comment on Materiality and Statement of Cash Flows
• SEC Staff Comments and Trends
Lunch
12:25 – 1:10 PM
ESG & Financial Reporting
1:10 – 2:40 PM
Market, investor, and key stakeholder driven interests have now given way to formal regulation of required reporting of sustainability and ESG formatted information with expanded requirements under strict deadlines. In this session, we will discuss the recently approved SEC rule regarding climate-related disclosures that actually lags behind the timing requirements of the Corporate Sustainability Reporting Directive (CSRD) and California Rules 253, 261, and 1305. The final SEC rule applies to registrants depending on their size and scope of operations. Both CSRD and the California rules go further than the final SEC rule in terms of scope of the information being required to be reported and assured by an independent third party. This session will also focus on:
• Complying with the Regulatory Updates
• European Sustainability Reporting Standards (ESRS)
• Final SEC Climate-Related Disclosure Rules
• ESG Governance
• Enhancing ESG Disclosures
• Applying the COSO Internal Control Framework to ESG Reporting
• How Technology Enables ESG Reporting & Execution
• Assurance
Break
2:40 – 2:45 PM
Non-GAAP Measures, Metrics & Disclosures
2:45 – 3:45 PM
While the SEC's non-GAAP measures and metrics have been around for some time, they still cause headaches for businesses when it comes to disclosures and financial statements. In this session, we will address how companies are currently applying non-GAAP guidance and metrics, and what can be done in response to SEC comment letters to avoid costly fines and penalties. Topics include:
• Non-GAAP Measures & KPIs
• SEC Staff Guidance
• Recent Comment Letter Trends
• Key Performance Indicators
Break
3:45 – 3:50 PM
FASB Update
3:50 – 5:20 PM
FASB’s recent changes will have a huge impact on business in many important areas, such as segment reporting, software costs, business combinations, and more. This session will update you on what these changes are, including:
• Accounting Standard Updates
• FASB Agenda
• Segment Reporting
• Improvements to Income Tax Disclosures
• Joint Venture Formations
• Disaggregtion of Income Statement Expenses ("DISE")
• Accounting for and Disclosures of
– Crypto Assets
– Software Costs
– Government Grants
– Environmental Credits
• Emerging Issues Task Force (EITF)
Closing Remarks
5:20 – 5:35 PM
DAY TWO AGENDA
Welcome & Opening Remarks
8:30 – 8:45 AM
SEC Enforcement Issues
8:45 – 10:15 AM
Discover the latest initiatives that the SEC's Division of Enforcement is targeting, what factors trigger investigations and enforcement actions, and the possible outcomes. You will also hear about numerous examples of enforcement situations in order to best avoid potential complications. In this session, we will cover:
• SEC Leadership & Enforcement Highlights
• Sources of Investigations
• SEC Investigation Process
• Financial Reporting & Disclosure Trends
• FCPA Trends
• Current Enforcement Trends & Developments
• Recent Cases
– Accounting and reporting
– Individual auditors and accountants
– Insider trading
• AI Disclosures
• Whistleblowers
Break
10:15 – 10:20 AM
Public Company Auditing Update
10:20 – 11:20 AM
Receive updates on the most recent efforts being made by the PCAOB to protect investors and enhance audit quality for public companies. This session will cover the following areas of interest:
• Final Standards & Rules
• Confirmations
• Technology-Assisted Analysis
• Proposed Standards & Rules
• Designing and Performing Substantive Analytical Procedures (SAPs)
• Noncompliance with Laws and Regulations (NOCLAR)
• Areas of PCAOB Focus
• Standard-Setting & Research Agendas
Break
11:20 – 11:25 AM
Role of AI in Financial Reporting & Regulatory Compliance
11:25 AM – 12:30 PM
Artificial Intelligence (AI) has cemented itself as a foundational technology and transformative tool that is reshaping industries and ways of working. This session is designed to provide corporate finance and accounting professionals with a comprehensive understanding of AI's role and potential in their field. We will also discuss:
• The Evolution of AI in the Finance and Accounting Sector
• Potential Limitations, Risks and Challenges of AI Implementation
• Expanding Role of Finance and the Demands on the Finance Function
• Emerging Use of AI in Financial Reporting, Cash Flow Forecasting, and Other Finance Functions
• Risk and Governance Considerations
Lunch
12:30 – 1:15 PM
Roundtable Discussion on Hot Button Issues for Public Companies
1:15 – 2:45 PM
Industry, auditing, legal and other experts will discuss how public companies are dealing with:
• ESG Reporting
• Artificial Intelligence
• Cyber Related Issues
• Board Matters
• Mergers & Acquisitions (M&A)
• Geopolitical Matters
Break
2:45 – 2:50 PM
Internal Controls—Hot Topics
2:50 – 3:50 PM
This session will provide an update on current trends associated with a company’s internal control environment. It will also discuss documentation and controls requirements for public companies based on recent guidance and enforcement actions from the SEC and PCAOB. Topics to be discussed include:
• Internal Control Trends
– SOX function as a controls advisor
– The future of controls execution
– Risk assessment process
– Understanding data flows and risks
– Testing strategy
– Direct entity level controls
– Culture and ongoing education
– Integrated assurance
• Critical Audit Matters (CAMs)
• Enablement of Automation in Control Activities & Testing
• Material Weakness Study
– Background statistics
– Themes reported
– Process areas
Break
3:50 – 3:55 PM
Frequently Encountered Accounting & SEC Reporting Topics
3:55 – 5:10 PM
This session will focus on complex and challenging accounting and SEC reporting topics that are frequently encountered by financial accounting professionals serving public companies, including:
• Use of Non-GAAP Measures
• SEC Staff Comments
• Contingencies
• Segment Reporting
• Climate Change Disclosures
• Revenue Recognition
• Fair Value Measurements
• Asset Impairment
• Goodwill & Indefinite-Lived Intangible Assets
• Cost of Sales & Inventory
• Estimated Annual Effective Tax Rate (EAETR)
• Going Concern
• Cryptocurrency
• Business Combinations
• Statement of Cash Flows
• Impact of Higher Inflation & Interest Rates
• Accounting Changes & Error Corrections
Closing Remarks
5:10 – 5:20 PM
Conference Ends
5:20 PM
Speakers
CURRENT REGULATORS
Anne McKinley, Assistant Regional Director, Division of Enforcement, SEC
Neil Stewart, Director of Corporate Outreach, Value Reporting Foundation & SASB
Alexander Vasilescu, Trial Unit Chief, SEC's New York Regional Office
Nikolay Vydashenko, Assistant Director, SEC's Fort Worth Regional Office
FORMER REGULATORS
Louis Fanzini, Chief Accounting Officer & Corporate Controller, MISTRAS Group, Inc., former FASB Industry Fellow
Robert Hirth, Senior Managing Director, Protiviti, Member, PCAOB & AICPA
Matthew Jacques, Partner, AlixPartners
Henry Klehm III, Partner, Jones Day, formerly in the Division of Enforcement, SEC
David Korvin, Attorney, Gibson, Dunn & Crutcher LLP, formerly an Attorney at Division of Corporation Finance, SEC
Susan Markel, Managing Director, AlixPartners, former Chief Accountant, SEC
Scott Mascianica, Partner, Holland & Knight, former Assistant Regional Director, SEC's Division Of Enforcement
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 SEC Enforcement, SEC
David Peavler, Partner, Jones Day, Former Regional Director for Enforcement, SEC
Susan Resley, Partner, Morgan Lewis, formerly in the Division of Enforcement, SEC
CORPORATE LEADERS, BIG 4 & OTHER MAJOR ACCOUNTING FIRMS
Christina Abbott, Managing Director, U.S. Department of Professional Practice, KPMG
Lauren Assaf-Holmes, Corporate Associate focused on ESG, Securities Regulation, and Corporate Governance, Gibson, Dunn & Crutcher LLP
Stuart Block, Founder, Sustas LLC
Aaron Briggs, Partner, Gibson Dunn
Chad Chevalier, Managing Director, EY
Scott Cooley, Audit Committee Chair, Diamond Hill Investment Group, Inc., Uchicago.edu
Meghan Depp, Professional Practice Partner - SEC Services, BDO
Loral De Salvio, National Office Director, PwC
Trevor Donelan, Partner and Managing Director, AlexPartners
Sheri Fabian, National Assurance Partner, SEC Services, BDO
Shelley Finn, Senior Financial Principal/Director, Accounting Policies, DXC Technology
Emily Fitz, Partner, Deloitte
Virginia Fogg, Chair, Special Litigation Committee, Exelon Board of Directors, Exelon
Rebecca Freeman, Senior Manager, SEC Services, BDO
Tai Fung, Director, Starbucks Coffee Company
Marissa Gerdes, Senior Manager, KPMG
Bobbi Gwinn, Director, Professional Practice, Accounting, BDO Solutions
Lisa Habash, Professional Practice Senior Manager, SEC Services, BDO
Daniel Hammond, Assistant Corporate Controller, Motorola
Gina Hancock, Associate Attorney, Gibson Dunn
Justine Jacob, Technical Director, MorganFranklin
Marie Johnson, Partner, Business Consulting, Ernst & Young LLP
Kimberly Kelly, National Quality Organization Director, PwC
Amanda Krauss, Partner, Ernst & Young LLP
Tim Kviz, National Assurance Managing Partner, SEC Services, BDO
Julia Lapitskaya, Partner, Gibson Dunn
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
Denise Lucas, Director, Accounting Policy & Financial Reporting, IBM
Matt Macalusco, Director Technical Accounting, Uipath
Danielle Matthews, Audit Senior Manager, KPMG
Sidney McClung, Partner, Jones Day
Colleen McManus, Senior Manager, MorganFranklin
Daisy Mogrovejo, Director, Banking & Capital Markets, PwC
William Molloie, Audit Committee Chair, Silvaco Inc.
Greg Moore, Member – Board of Directors, Texas Roadhouse
Polia Nair, Partner, National Director, SEC Practice, CohnReznick LLP
Angela Newell, National Assurance Partner, BDO
Sean Nolan, Managing Director, EY
Carlos Orozco, Managing Director, Department of Professional Practice, KPMG
Austin Peiffer, Managing Director, KPMG
Jonathan Perdue, National Assurance Senior Manager, SEC Services, BDO
Alejandro Rebollo, Director, Deloitte
Vadim Riber, Director, AlixPartners
Louise Santacruz, Executive Director, Department of Professional Practice, KPMG
Jeremiah Saunders, Professional Practice Group Director, BDO
Yoland Sinclair, Senior Manager, National Office – Audit & Assurance Services, Deloitte
Evan Singer, Partner, Jones Day
John Sikora, Jr., Partner, Latham & Watkins
Matthew Slattery, Audit Senior Manager, Deloitte
Patrick Spagna, Director, PwC
Kristin Sullivan, Partner, Deloitte
William Thomas, Responsible AI Risk Management & Enablement Lead, EY
Michael Titera, Partner, Gibson Dunn
Kevin Tollison, Partner, Ernst & Young LLP
Brian Tomlinson, Managing Director, Ernst & Young, LLP
Kal Trinkner, Senior Manager, Climate Change and Sustainability, EY
Harrison Tucker, Associate, Capital Markets & Securities, Gibson, Dunn & Crutcher LLP
Sara Watson, Senior Manager, Global ESG Policy, Control & Assurance, Amazon
Bill Witt, Director, Accounting and Transaction Services, MorganFranklin
Alysa Wix, Manager, Audit and Assurance, Accounting and Reporting Advisory, Deloitte
Paige Woolery, Managing Director, Consulting, KPMG
Christopher Wright, Global Leader - Business Performance Improvement Solution, Protiviti
Workshop
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