Overview
This is the one Virtual 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 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, ransomware, calculating Non-GAAP measures, and geopolitical risks. 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 • FASB Update • Non-GAAP Measures, Metrics & Disclosures
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DAY TWO AGENDA HIGHLIGHTS • SEC Enforcement Issues • Public Company Auditing Update • Best Practices for Dealing with Corporate • 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:
• General SEC Update
• SEC Reporting in Response to Market Disruptions
– Reporting Considerations
– Lessons Learned
• SEC Financial Disclosure Rulemaking
– Amendments to Enhance and Standardize Climate-Related Disclosures for Investors
– Governance Disclosures—Item 1501
– Strategy, Business Model, and Outlook—Item 1502
– Risk Management—Item 1503
– Greenhouse Gas (GHG) Emissions
– Quantitative Disclosures
Break
10:30 – 10:40 AM
Key SEC Developments (continued)
10:40 AM – 12:25 PM
• Cybersecurity
– Disclosure Rules
– Best Practices
– SEC Enforcement Priority
– Audit Issues
• Special Purpose Acquisition Companies (SPACs)
• 10b5-1 Plans & Share Repurchases
– New Rules for Share Repurchases
– Proposed Amendments
• Recovery of Erroneously Awarded Compensation
• Pay vs. Performance
– Disclosure
– Tabular List
• SEC Disclosure Considerations for China-Based Operations
• Staff Accounting Bulletins
• Staff Guidance on Materiality
• Legislative Update
• SEC Staff Comments & Trends
– Non-GAAP Measures
– Management's Discussion and Analysis (MD&A)
– ASC 606
Lunch
12:25 – 1:10 PM
ESG & Financial Reporting
1:10 – 2:40 PM
Though not yet fully regulated, public ESG reporting has essentially become mandatory for larger public companies due to market-driven pressures. This reporting has continued to cascade down to smaller public companies, private companies, private equity and venture-backed entities, and even pre-IPOs and recent IPOs. While ESG reporting is still developing to some degree, that development is moving fast in terms of stakeholder expectations, shareholder voting, and framework and standard selection, including new regulation coming from the SEC and others. Recent activities by the IFRS Foundation and the formation of an International Sustainability Standards Board (ISSB) will accelerate the standardization of reporting over the next several years. This session will cover the:
• Current State of the ESG Ecosystem
• ESG Reporting Landscape & Regulatory Updates
• Institutional Investor Priorities
• Role of the Finance Function
Break
2:40 – 2:45 PM
FASB Update
2:45 – 4:15 PM
FASB’s recent changes will have a huge impact on business in many important areas, such as lease accounting, financial instruments, revenue recognition, business combinations, and more. This session will update you on what these changes are, including:
• Accounting Standard Updates
• FASB's Technical Agenda
• Select New Standards
• Revised Effective Dates—"Two Bucket" Approach
• Recently Issued Exposure Documents (EDs)
• Emerging Issues Task Force (EITF)
Break
4:15 – 4:20 PM
Non-GAAP Measures, Metrics & Disclosures
4:20 – 5:20 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 and KPIs
• SEC Staff Guidance
• Recent Comment Letter Trends
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 learn the best ways to avoid trouble, and how to handle SEC investigations and enforcement actions if they do come your way. In this session, we will cover:
• ESG, SPACs & Other Risk Factors
• SEC Enforcement Actions & Penalties
• Sources of Investigations
• Investigation Process
• Arsenal of SEC Enforcement Weapons
• Conduct of Individuals
• Financial Reporting & Disclosure Trends
• Mistakes Public Companies Make
• Whistleblower Program Update
• Recent Trends & Developments
– ESG
– Crypto
– Ukraine
Break
10:15 – 10:20 AM
Public Company Auditing Update
10:20 – 11:20 AM
• Leadership & Organizational Updates
• Standard-Setting Activities
– Short-Term Standard Setting Projects
– Quality control
– Noncompliance with Laws and Regulations
– Attestation Standards
– Other Auditors
– Going Concern
– Confirmations
– Mid-Term Standard Setting Projects
– Substantive Analytical Procedures
– Fraud
– Interim Ethics and Independence
– Interim Standards
– Data and technology
– Audit Evidence
• Inspections
– Deficiencies in engagements
– PCAOB inspection highlights
– Future Areas of Focus
• Other Publications & Areas of Focus
– PCAOB Spotlights
– PCAOB Agreement with Chinese Authorities
Break
11:20 – 11:25 AM
Best Practices for Dealing with Corporate Ethics & Compliance Risks
11:25 AM – 12:30 PM
Learn how performing periodic risk assessments, and implementing successful compliance and ethics
programs, can help protect your business. Experts will discuss:
• State Law & Federal Duties
• Compliance Program & Federal Law
• Relevant DOJ Guidance
• Risk Assessment
• Incentives & Disciplinary Measures
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:
• Geopolitical Risk & Sanctions
• Cybersecurity & Ransomware
• Financial Reporting Best Practices
• Climate Change, De-Carbonization
• Recruiting & Developing Accounting/Finance Talents
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—including important ESG factors—and expectations for public companies to maintain documentation and controls based on recent guidance and enforcement actions from the SEC and PCAOB. Topics to be discussed include:
• Governance Structure
– Maximize risk coverage and resources
– Lines of Defense (LOD) model
• ICFR Program
– Effectiveness and efficiency of operations
– Reliability of reporting
– Compliance with laws and regulations
• SOX Section 302 Certifications
• Scope & Mix of Controls Testing
• Information Produced by the Entity (IPE)
• Population Completeness
• Related Parties
– Document, maintain, and establish controls
– PCAOB Auditing Standard 18
• Deficiency Impact Analysis
• Remediation of Deficiencies
• Major System Implementations
• Service Organization Controls Reports
• Segregation of Duties
• New Guidance on Testing Application Controls
• Leveraging Technology & Tools
• ESG
– ESG risk management
– Disclosure controls and procedures (DCPs)
– Internal control over financial reporting (ICFR)
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:
• Non-GAAP Financial Measures
• Management's Discussion & Analysis (MD&A)
• Contingencies
• Segment Reporting
• Revenue Recognition
• Fair Value Measurements
• Asset Impairment
• Goodwill & Other Indefinite-Lived Intangible Assets
• Inventory & Cost of Sales
• Income Taxes—Estimating Annual Effective Tax Rate
• Going Concerns
• Amendments to Regulation S-K items 301, 302 & 303
• Amendments to Rule 3-05 and Article 11: Changes to Reporting Acquisitions & Dispositions
• Business Combinations
Closing Remarks
5:10 – 5:20 PM
Conference Ends
5:20 PM
Speakers
CURRENT REGULATORS
Robert Hirth, Senior Managing Director, Protiviti, Member, PCAOB & AICPA
Anne McKinley, Assistant Regional Director, Division of Enforcement, SEC
Erin Schneider, 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
Jamie Wohlert, Assistant Chief Accountant, SEC
Kate Zoladz, Associate Regional Director, Enforcement, SEC
FORMER REGULATORS
Jim Barratt, Forensic Accountant, AlixPartners, former SEC Enforcement Accountant
Jina Choi, Partner, Securities, Enforcement & White Collar Defense, Morrison & Foerster LLP
Chris Davis, Partner, Gray Reed, former SEC Trial Lawyer
Louis Fanzini, Chief Accounting Officer & Corporate Controller, MISTRAS Group, Inc., former FASB Industry Fellow
Courtney Haseley, Of Counsel, Gibson, Dunn & Crutcher LLP
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
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
Lauren Assaf-Holmes, Corporate Associate focused on ESG, Securities Regulation, and Corporate Governance, Gibson, Dunn & Crutcher LLP
Douglas Bell, Global Trade Policy Leader, Ernst & Young LLP
Barry Berkowitz, Technical Accounting, Google
Jeff Bernstein, Managing Director, ICR Capital
Fiona Burgess, Assistant Director, EY Center for Board Matters, Ernst & Young LLP
Andrea Campion, Team Lead, SEC Reporting, Google
Chad Chevalier, Managing Director, EY
Emily Childs, Senior Manager, Deloitte
Brendan Clark, Senior Manager, Ernst & Young LLP
Scott Cooley, Independent Director & Chairman of Audit Committee, Diamond Hill Investment Group, Inc.
T.J. Cummiskey, Manager, Business Consulting, Ernst & Young LLP
Meghan Depp, Professional Practice Partner - SEC Services, BDO
Michelle Donahue, Managing Director, Deloitte
Angela Donnelly, Partner, PwC
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
Emily Fitz, Partner, Deloitte
Rebecca Freeman, Senior Manager, SEC Services, BDO
Tai Fung, Director, Starbucks Coffee Company
Shira Goldmann, Membership & Engagement Associate, Value Reporting Foundation
Roscelle Gonzales, Director, National Assurance, SEC, BDO USA LLP
Ted Guy, Partner, Ernst & Young LLP
Bobbi Gwinn, Director, Professional Practice, Accounting, BDO
Rand Hawk, Senior, Technical Accounting Advisory Services, Ernst & Young LLP
Marie Johnson, Partner, Business Consulting, Ernst & Young LLP
Jeff Joseph, Partner, PwC
Karen Keelty, Assurance Partner, National Office, PwC
Bob Kerich, Senior Vice President, Bank of America
Kurt Kuehn, former UPS CFO, Board Member, LocatorX, Henry Schein, and SASB
Tim Kviz, National Assurance Managing Partner, SEC Services, BDO
Brandon Landas, Partner, BDO
Jennifer Lee, Senior Manager, Ernst & Young LLP
Garth Leggett, Partner, PwC
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
Denise Lucas, Director, Accounting Policy & Financial Reporting, IBM
Jesicris Manabat, National Assurance Senior Manager, SEC Services, BDO
Joe Maneri, Audit Senior Manager, Deloitte
Haima Marlier, Partner, Morrison & Foerster LLP
Holly Menna, Manager, ESG, Financial Accounting Advisory Services, Ernst & Young LLP
Daisy Mogrovejo, Director, Banking & Capital Markets, PwC
Greg Moore, Member – Board of Directors, Texas Roadhouse
Polia Nair, Partner, National Director, SEC Regulatory Matters, CohnReznick 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
Alejandro Rebollo, Director, Deloitte
Vadim Riber, Director, AlixPartners
Jeremiah Saunders, Professional Practice Group Director, BDO
Tina Schmelcke, Director, PwC
Yoland Sinclair, Senior Manager, National Office – Audit & Assurance Services, Deloitte
John Sikora, Jr., Partner, Latham & Watkins
Matthew Slattery, Audit Senior Manager, Deloitte
Mohamed Soliman, Senior Manager, Audit & Assuance Manager, Deloitte
Kristin Sterling, Senior Manager, Sustainability, Ernst & Young LLP
Tamara Stitt, SEC Reporting Manager, Bank of America
Kristin Sullivan, Partner, Deloitte
Kendy Thompson, Consulting Senior Manager, Ernst & Young LLP
Michael Tippett, Senior Manager Business Consulting, EY
Kal Trinkner, Senior Manager, Climate Change and Sustainability, EY
Harrison Tucker, Associate, Capital Markets & Securities, Gibson, Dunn & Crutcher LLP
Paloma Valor, Counsel, Jones Day
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
Paige Woolery, Managing Director, Consulting, KPMG
LEGAL & OTHER REPORTING SPECIALISTS
Shaswat Das, Counsel, King & Spalding 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
Workshop
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Forum
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