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

DAY ONE AGENDA

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

Key SEC Developments
9:00 – 10:00 AM
Unlock the up-to-the-minute guidance you need to handle all of today's most critical SEC accounting and reporting issues.
• General update on the SEC
• Status of SEC rulemaking    
   – Regulatory agenda
   – Semiannual reporting proposal   
   – Filer status and reporting disclosure accommodations proposal
   – Tariff disclosure observations
   – Artificial Intelligence                                                                               
• Delaware law developments    
   – Bylaw challenges
   – Officer exculpation update
   – Corporate law amendments
• SEC staff comments and letter trends
• Staff guidance on: 
   – Nonpublic review of draft registration statements
   – Segment reporting (ASU 2023-07)
   – Interaction between new ASC 280 disclosures and non-GAAP rules
   – Macroeconomic factors
• Updates on crypto and digital assets  

Break
10:00 – 10:05 AM

Key SEC Developments (continued) 
10:05 – 11:05 AM
• New insider trading rules
• Updates on the recovery of erroneously awarded compensation
• New requirements on pay vs. performance disclosure
• Perquisites: basic tests and recent SEC focus
• Staff statements on materiality and statement of cash flows
• Proxy season: 2026 recap and 2027 preview

Break
11:05 – 11:10 AM

Cybersecurity—New SEC Rules, Legislative Developments & Other Regulations
11:10 AM – 12:10 PM
Cyber threats are growing more sophisticated, and so are the regulations around them. This session offers a clear roadmap for managing cybersecurity risk, compliance, and incident response. Experts will cover: 
• Key risks and practical mitigation strategies
• How to respond effectively to data breaches
• Compliance with the latest SEC rules and disclosure requirements
• Managing reputational risk through public relations strategies
• Guidance on handling SEC enforcement inquiries 

Lunch
12:10 – 12:55 PM

Sustainability Reporting—Where do Things Stand?
12:55 – 1:55 PM
The landscape of investor sustainability reporting is evolving quickly. This session breaks down all the latest information you need to know, including:
• Omnibus updates in the EU: timelines and milestones
• European Financial Reporting Advisory Group (EFRAG) updates
• California Air Resources Board (CARB) delay on rulemaking
• Ongoing lawsuits over California climate disclosure laws
• Recent standard-setting updates from the International Sustainability Standards Board (ISSB)
• Overview of jurisdictions where ISSB standards are mandatory
• Evolution in non-financial reporting and strategy

Break
1:55 – 2:00 PM

Non-GAAP Measures, Metrics & Disclosures 
2:00 – 3:00 PM
The SEC's non-GAAP measures and metrics have been around for some time, but they still cause headaches for businesses when it comes to disclosures and financial statements. In this session, learn 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. Dive into: 
• An overview of SEC guidance on non-GAAP measures
• SEC staff comments on non-GAAP measures
• Key performance indicators

Break
3:00 – 3:05 PM

FASB Update
3:05 – 4:05 PM
FASB’s recent changes will have a huge impact on business in many important areas, from segment reporting to software costs to business combinations. This session breaks all those changes down so that you can stay prepared. Explore: 
• An overview of the FASB
   – How it’s structured
   – The standard setting agenda
• The FASB agenda
   – An overview of recent invitations to comment (ITCs)
   – A snapshot of active projects on the technical agenda
• Recently issued ASUs

Break
4:05 – 4:10 PM

ASU 2024-03 (DISE): Implementation, Challenges & Practical Considerations 
4:10 – 5:10 PM
This session provides a focused, practical analysis of ASU 2024-03, Disaggregation of Income Statement Expenses (DISE), and its impact on financial reporting and disclosure requirements. Participants will examine the standard’s core requirements, including identifying relevant expense captions, defining required natural expense categories, and applying acceptable disaggregation methodologies within the required tabular disclosure format.

The session will also address key implementation challenges, including data availability, system limitations, inventory-related considerations, and the use of estimates and judgment in allocating expenses. Particular attention will be given to areas likely to draw auditor and regulator scrutiny, as well as the operational implications for finance, IT, and internal controls. 
Attendees will leave with a clearer understanding of how to operationalize DISE requirements, assess readiness, and navigate the practical complexities of implementation.

Closing Remarks
5:10 – 5:15 PM

DAY TWO AGENDA

Welcome & Opening Remarks
8:30 – 8:45 AM

Public Company Auditing Update
8:45 – 10:15 AM
Dive into the PCAOB’s most recent efforts to protect investors and enhance audit quality for public companies, including:
• The latest updates and staffing changes
• Inspection results and areas of focus for the current inspection cycle
• Proposed amendments and new standards
• Recent regulatory actions and sanctions

Break
10:15 – 10:20 AM

SEC Enforcement Issues
10:20 – 11:20 AM
Discover the latest initiatives from the SEC's Division of Enforcement, which factors trigger investigations and enforcement actions, and the possible outcomes. Analyze real SEC enforcement cases, and learn how to avoid being a target. We’ll cover:
• Changes to SEC leadership and policies
• Navigating an investigation

• Shifting enforcement priorities and developments
• The new accounting focus

• Voluntary dismissal of prior litigation

• Process reforms and greater transparency

Break
11:20 – 11:25 AM

MD&A Update & Best Practices
11:25 AM – 12:30 PM
An experienced securities and corporate governance expert will guide you through MD&A disclosure requirements and best practices, while highlighting recent SEC guidance, trends in staff comment letters, and key enforcement actions. This session will cover the latest MD&A topics of interest, including: 
• Cybersecurity: past incidents and future risk management

• Tailored AI disclosures

• The impact of tariffs

• Emerging risks with crypto assets

• R&D expenditures: project status, costs, and risks

• Goodwill impairment testing

• Compliance & Disclosure Interpretations (CD&Is) on non-GAAP measures

• Trends in staff comment letters

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:
• Tariffs and international trade
• ESG reporting
• Artificial Intelligence
• Cyber-related issues
• SEC rulemaking and enforcement
• Board matters
• Mergers and acquisitions (M&A)
• Tax matters
• Geopolitical matters

Break
2:45 – 2:50 PM

Income Tax Disclosures
2:50 – 3:50 PM
This session examines income tax reporting and disclosures for public business entities, including recent SEC areas of focus, effective tax rate analysis, valuation allowances, uncertain tax positions, and tax information in MD&A and the financial statements. It also covers the disclosure changes in ASU 2023-09, including effective dates, transition, income taxes paid by jurisdiction, and the different rate reconciliation requirements for public and private entities.

Break
3:50 – 3:55 PM

The Cost of Intelligence: Accounting for AI Infrastructure & Software Development
3:55 – 5:10 PM
This session explores accounting judgments arising from investment in AI infrastructure and changing software business models. Topics include alternative funding structures, residual value and lease guarantees, consideration paid to customers and received from vendors, lease commencement and build-to-suit arrangements, off-balance-sheet commitments, and variable interest entity assessments. It also examines costs of developing internal-use software with AI tools and pricing models for AI-enabled software.

Closing Remarks
5:10 – 5:20 PM

Conference Ends
5:20 PM

CURRENT REGULATORS

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

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

FORMER REGULATORS

Nekia Hackworth, Partner at Jones Day, formerly Deputy Director of Enforcement (Southeast) at the SEC and Federal Prosecutor and Policy Advisor at the US DOJ

Megan Hearn, Partner, KPMG, formerly Professional Accounting Fellow in the Office of The Chief Accountant

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

Tim Kviz, National Assurance Managing Partner, SEC Services, BDO, formerly Professional Accounting Fellow in the Office of the Chief Accountant, SEC

David Peavler, Partner, Jones Day, Former Regional Director for Enforcement, SEC

Susan Resley, Securities Enforcement and Litigation Partner, Morgan Lewis

Melissa Rocha, Partner, Department of Professional Practice, KPMG, formerly Deputy Chief Accountant in the SEC Office of The Chief Accountant (CFOCA) within the Division of Corporation Finance
 

CORPORATE LEADERS, BIG 4 & OTHER MAJOR ACCOUNTING FIRMS

Kabina Bhari, Tax Managing Director, BDO 

Aaron Briggs, Partner, Gibson Dunn 

Eric Carlsson, Partner, KPMG

Chad Chevalier, Managing Director (formerly EY)

James Christenson, Audit & Assurance Manager, Accounting and Reporting Services, Deloitte

Meghan Depp, Professional Practice Principal – SEC Services, BDO

Mellissa Duru, Partner, Gibson Dunn

Bonnie Mann Falk, Partner, CitrinCooperman

Stephenie Gosnell, Partner, Gibson Dunn

Lisa Habash, Senior Manager, BDO

John Hanson, Retired CFO Turtle Beach and Board Member

Jonathan Hanwit, Founding Partner and CEO, thinkPARALLAX

Dotty Hayes, Experienced Board Chair and Audit Committee Financial Expert, BigBear.ai

Justine Jacob, Technical Director, MorganFranklin

Matthew Jacobson, Sustainability Controller, nVent

Rob Kelley, Corporate Associate, Gibson Dunn

Brandon Landas, Professional Practice Principal – SEC Services, BDO

Julia Lapitskaya, Partner, Gibson Dunn

David Levi, Chief Accounting Officer, OPAL Fuels

Emily Lucas, Senior Director, Professional Practice, CAQ

Colleen McManus, Senior Manager, MorganFranklin

Alex Mendoza, Jr., Director, Lighthouse Advisor, KPMG

Nancy Mentesana, Managing Director, Labrador

Greg Moore, Chairman, Board of Directors, Texas Roadhouse

Angela Newell, Deputy Chief Accountant, BDO

Sheila Ongie, Head of Sustainability Strategy, thinkPARALLAX

Dan Petrocelli, National Office Director, PwC

Zohaib Qamar, Partner, Citrin Cooperman

Katie Rassier, Tax Managing Director, BDO 

Jeremiah Saunders, Professional Practice Group Director, BDO

Eric Scarazzo, Partner, Gibson Dunn

Charles Soranno, Managing Director, Protiviti

Michael Titera, Partner, Gibson Dunn

Brian Tomlinson, Managing Director, Ernst & Young, LLP

Emmad Wajahat, Director, National Quality Organization, PwC

Geoffrey Walter, Partner, Gibson Dunn

Bill Witt, Director, Highspring

Christopher Wright, Managing Director, Protiviti

DAY ONE AGENDA

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

Key SEC Developments
9:00 – 10:00 AM
Unlock the up-to-the-minute guidance you need to handle all of today's most critical SEC accounting and reporting issues.
• General update on the SEC
• Status of SEC rulemaking    
   – Regulatory agenda
   – Semiannual reporting proposal   
   – Filer status and reporting disclosure accommodations proposal
   – Tariff disclosure observations
   – Artificial Intelligence                                                                               
• Delaware law developments    
   – Bylaw challenges
   – Officer exculpation update
   – Corporate law amendments
• SEC staff comments and letter trends
• Staff guidance on: 
   – Nonpublic review of draft registration statements
   – Segment reporting (ASU 2023-07)
   – Interaction between new ASC 280 disclosures and non-GAAP rules
   – Macroeconomic factors
• Updates on crypto and digital assets  

Break
10:00 – 10:05 AM

Key SEC Developments (continued) 
10:05 – 11:05 AM
• New insider trading rules
• Updates on the recovery of erroneously awarded compensation
• New requirements on pay vs. performance disclosure
• Perquisites: basic tests and recent SEC focus
• Staff statements on materiality and statement of cash flows
• Proxy season: 2026 recap and 2027 preview

Break
11:05 – 11:10 AM

Cybersecurity—New SEC Rules, Legislative Developments & Other Regulations
11:10 AM – 12:10 PM
Cyber threats are growing more sophisticated, and so are the regulations around them. This session offers a clear roadmap for managing cybersecurity risk, compliance, and incident response. Experts will cover: 
• Key risks and practical mitigation strategies
• How to respond effectively to data breaches
• Compliance with the latest SEC rules and disclosure requirements
• Managing reputational risk through public relations strategies
• Guidance on handling SEC enforcement inquiries 

Lunch
12:10 – 12:55 PM

Sustainability Reporting—Where do Things Stand?
12:55 – 1:55 PM
The landscape of investor sustainability reporting is evolving quickly. This session breaks down all the latest information you need to know, including:
• Omnibus updates in the EU: timelines and milestones
• European Financial Reporting Advisory Group (EFRAG) updates
• California Air Resources Board (CARB) delay on rulemaking
• Ongoing lawsuits over California climate disclosure laws
• Recent standard-setting updates from the International Sustainability Standards Board (ISSB)
• Overview of jurisdictions where ISSB standards are mandatory
• Evolution in non-financial reporting and strategy

Break
1:55 – 2:00 PM

Non-GAAP Measures, Metrics & Disclosures 
2:00 – 3:00 PM
The SEC's non-GAAP measures and metrics have been around for some time, but they still cause headaches for businesses when it comes to disclosures and financial statements. In this session, learn 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. Dive into: 
• An overview of SEC guidance on non-GAAP measures
• SEC staff comments on non-GAAP measures
• Key performance indicators

Break
3:00 – 3:05 PM

FASB Update
3:05 – 4:05 PM
FASB’s recent changes will have a huge impact on business in many important areas, from segment reporting to software costs to business combinations. This session breaks all those changes down so that you can stay prepared. Explore: 
• An overview of the FASB
   – How it’s structured
   – The standard setting agenda
• The FASB agenda
   – An overview of recent invitations to comment (ITCs)
   – A snapshot of active projects on the technical agenda
• Recently issued ASUs

Break
4:05 – 4:10 PM

ASU 2024-03 (DISE): Implementation, Challenges & Practical Considerations 
4:10 – 5:10 PM
This session provides a focused, practical analysis of ASU 2024-03, Disaggregation of Income Statement Expenses (DISE), and its impact on financial reporting and disclosure requirements. Participants will examine the standard’s core requirements, including identifying relevant expense captions, defining required natural expense categories, and applying acceptable disaggregation methodologies within the required tabular disclosure format.

The session will also address key implementation challenges, including data availability, system limitations, inventory-related considerations, and the use of estimates and judgment in allocating expenses. Particular attention will be given to areas likely to draw auditor and regulator scrutiny, as well as the operational implications for finance, IT, and internal controls. 
Attendees will leave with a clearer understanding of how to operationalize DISE requirements, assess readiness, and navigate the practical complexities of implementation.

Closing Remarks
5:10 – 5:15 PM

DAY TWO AGENDA

Welcome & Opening Remarks
8:30 – 8:45 AM

Public Company Auditing Update
8:45 – 10:15 AM
Dive into the PCAOB’s most recent efforts to protect investors and enhance audit quality for public companies, including:
• The latest updates and staffing changes
• Inspection results and areas of focus for the current inspection cycle
• Proposed amendments and new standards
• Recent regulatory actions and sanctions

Break
10:15 – 10:20 AM

SEC Enforcement Issues
10:20 – 11:20 AM
Discover the latest initiatives from the SEC's Division of Enforcement, which factors trigger investigations and enforcement actions, and the possible outcomes. Analyze real SEC enforcement cases, and learn how to avoid being a target. We’ll cover:
• Changes to SEC leadership and policies
• Navigating an investigation

• Shifting enforcement priorities and developments
• The new accounting focus

• Voluntary dismissal of prior litigation

• Process reforms and greater transparency

Break
11:20 – 11:25 AM

MD&A Update & Best Practices
11:25 AM – 12:30 PM
An experienced securities and corporate governance expert will guide you through MD&A disclosure requirements and best practices, while highlighting recent SEC guidance, trends in staff comment letters, and key enforcement actions. This session will cover the latest MD&A topics of interest, including: 
• Cybersecurity: past incidents and future risk management

• Tailored AI disclosures

• The impact of tariffs

• Emerging risks with crypto assets

• R&D expenditures: project status, costs, and risks

• Goodwill impairment testing

• Compliance & Disclosure Interpretations (CD&Is) on non-GAAP measures

• Trends in staff comment letters

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:
• Tariffs and international trade
• ESG reporting
• Artificial Intelligence
• Cyber-related issues
• SEC rulemaking and enforcement
• Board matters
• Mergers and acquisitions (M&A)
• Tax matters
• Geopolitical matters

Break
2:45 – 2:50 PM

Income Tax Disclosures
2:50 – 3:50 PM
This session examines income tax reporting and disclosures for public business entities, including recent SEC areas of focus, effective tax rate analysis, valuation allowances, uncertain tax positions, and tax information in MD&A and the financial statements. It also covers the disclosure changes in ASU 2023-09, including effective dates, transition, income taxes paid by jurisdiction, and the different rate reconciliation requirements for public and private entities.

Break
3:50 – 3:55 PM

The Cost of Intelligence: Accounting for AI Infrastructure & Software Development
3:55 – 5:10 PM
This session explores accounting judgments arising from investment in AI infrastructure and changing software business models. Topics include alternative funding structures, residual value and lease guarantees, consideration paid to customers and received from vendors, lease commencement and build-to-suit arrangements, off-balance-sheet commitments, and variable interest entity assessments. It also examines costs of developing internal-use software with AI tools and pricing models for AI-enabled software.

Closing Remarks
5:10 – 5:20 PM

Conference Ends
5:20 PM

CURRENT REGULATORS

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

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

FORMER REGULATORS

Nekia Hackworth, Partner at Jones Day, formerly Deputy Director of Enforcement (Southeast) at the SEC and Federal Prosecutor and Policy Advisor at the US DOJ

Megan Hearn, Partner, KPMG, formerly Professional Accounting Fellow in the Office of The Chief Accountant

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

Tim Kviz, National Assurance Managing Partner, SEC Services, BDO, formerly Professional Accounting Fellow in the Office of the Chief Accountant, SEC

David Peavler, Partner, Jones Day, Former Regional Director for Enforcement, SEC

Susan Resley, Securities Enforcement and Litigation Partner, Morgan Lewis

Melissa Rocha, Partner, Department of Professional Practice, KPMG, formerly Deputy Chief Accountant in the SEC Office of The Chief Accountant (CFOCA) within the Division of Corporation Finance
 

CORPORATE LEADERS, BIG 4 & OTHER MAJOR ACCOUNTING FIRMS

Kabina Bhari, Tax Managing Director, BDO 

Aaron Briggs, Partner, Gibson Dunn 

Eric Carlsson, Partner, KPMG

Chad Chevalier, Managing Director (formerly EY)

James Christenson, Audit & Assurance Manager, Accounting and Reporting Services, Deloitte

Meghan Depp, Professional Practice Principal – SEC Services, BDO

Mellissa Duru, Partner, Gibson Dunn

Bonnie Mann Falk, Partner, CitrinCooperman

Stephenie Gosnell, Partner, Gibson Dunn

Lisa Habash, Senior Manager, BDO

John Hanson, Retired CFO Turtle Beach and Board Member

Jonathan Hanwit, Founding Partner and CEO, thinkPARALLAX

Dotty Hayes, Experienced Board Chair and Audit Committee Financial Expert, BigBear.ai

Justine Jacob, Technical Director, MorganFranklin

Matthew Jacobson, Sustainability Controller, nVent

Rob Kelley, Corporate Associate, Gibson Dunn

Brandon Landas, Professional Practice Principal – SEC Services, BDO

Julia Lapitskaya, Partner, Gibson Dunn

David Levi, Chief Accounting Officer, OPAL Fuels

Emily Lucas, Senior Director, Professional Practice, CAQ

Colleen McManus, Senior Manager, MorganFranklin

Alex Mendoza, Jr., Director, Lighthouse Advisor, KPMG

Nancy Mentesana, Managing Director, Labrador

Greg Moore, Chairman, Board of Directors, Texas Roadhouse

Angela Newell, Deputy Chief Accountant, BDO

Sheila Ongie, Head of Sustainability Strategy, thinkPARALLAX

Dan Petrocelli, National Office Director, PwC

Zohaib Qamar, Partner, Citrin Cooperman

Katie Rassier, Tax Managing Director, BDO 

Jeremiah Saunders, Professional Practice Group Director, BDO

Eric Scarazzo, Partner, Gibson Dunn

Charles Soranno, Managing Director, Protiviti

Michael Titera, Partner, Gibson Dunn

Brian Tomlinson, Managing Director, Ernst & Young, LLP

Emmad Wajahat, Director, National Quality Organization, PwC

Geoffrey Walter, Partner, Gibson Dunn

Bill Witt, Director, Highspring

Christopher Wright, Managing Director, Protiviti

DAY ONE AGENDA

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

Key SEC Developments
9:00 – 10:00 AM
Unlock the up-to-the-minute guidance you need to handle all of today's most critical SEC accounting and reporting issues.
• General update on the SEC
• Status of SEC rulemaking    
   – Regulatory agenda
   – Semiannual reporting proposal   
   – Filer status and reporting disclosure accommodations proposal
   – Tariff disclosure observations
   – Artificial Intelligence                                                                               
• Delaware law developments    
   – Bylaw challenges
   – Officer exculpation update
   – Corporate law amendments
• SEC staff comments and letter trends
• Staff guidance on: 
   – Nonpublic review of draft registration statements
   – Segment reporting (ASU 2023-07)
   – Interaction between new ASC 280 disclosures and non-GAAP rules
   – Macroeconomic factors
• Updates on crypto and digital assets  

Break
10:00 – 10:05 AM

Key SEC Developments (continued) 
10:05 – 11:05 AM
• New insider trading rules
• Updates on the recovery of erroneously awarded compensation
• New requirements on pay vs. performance disclosure
• Perquisites: basic tests and recent SEC focus
• Staff statements on materiality and statement of cash flows
• Proxy season: 2026 recap and 2027 preview

Break
11:05 – 11:10 AM

Cybersecurity—New SEC Rules, Legislative Developments & Other Regulations
11:10 AM – 12:10 PM
Cyber threats are growing more sophisticated, and so are the regulations around them. This session offers a clear roadmap for managing cybersecurity risk, compliance, and incident response. Experts will cover: 
• Key risks and practical mitigation strategies
• How to respond effectively to data breaches
• Compliance with the latest SEC rules and disclosure requirements
• Managing reputational risk through public relations strategies
• Guidance on handling SEC enforcement inquiries 

Lunch
12:10 – 12:55 PM

Sustainability Reporting—Where do Things Stand?
12:55 – 1:55 PM
The landscape of investor sustainability reporting is evolving quickly. This session breaks down all the latest information you need to know, including:
• Omnibus updates in the EU: timelines and milestones
• European Financial Reporting Advisory Group (EFRAG) updates
• California Air Resources Board (CARB) delay on rulemaking
• Ongoing lawsuits over California climate disclosure laws
• Recent standard-setting updates from the International Sustainability Standards Board (ISSB)
• Overview of jurisdictions where ISSB standards are mandatory
• Evolution in non-financial reporting and strategy

Break
1:55 – 2:00 PM

Non-GAAP Measures, Metrics & Disclosures 
2:00 – 3:00 PM
The SEC's non-GAAP measures and metrics have been around for some time, but they still cause headaches for businesses when it comes to disclosures and financial statements. In this session, learn 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. Dive into: 
• An overview of SEC guidance on non-GAAP measures
• SEC staff comments on non-GAAP measures
• Key performance indicators

Break
3:00 – 3:05 PM

FASB Update
3:05 – 4:05 PM
FASB’s recent changes will have a huge impact on business in many important areas, from segment reporting to software costs to business combinations. This session breaks all those changes down so that you can stay prepared. Explore: 
• An overview of the FASB
   – How it’s structured
   – The standard setting agenda
• The FASB agenda
   – An overview of recent invitations to comment (ITCs)
   – A snapshot of active projects on the technical agenda
• Recently issued ASUs

Break
4:05 – 4:10 PM

ASU 2024-03 (DISE): Implementation, Challenges & Practical Considerations 
4:10 – 5:10 PM
This session provides a focused, practical analysis of ASU 2024-03, Disaggregation of Income Statement Expenses (DISE), and its impact on financial reporting and disclosure requirements. Participants will examine the standard’s core requirements, including identifying relevant expense captions, defining required natural expense categories, and applying acceptable disaggregation methodologies within the required tabular disclosure format.

The session will also address key implementation challenges, including data availability, system limitations, inventory-related considerations, and the use of estimates and judgment in allocating expenses. Particular attention will be given to areas likely to draw auditor and regulator scrutiny, as well as the operational implications for finance, IT, and internal controls. 
Attendees will leave with a clearer understanding of how to operationalize DISE requirements, assess readiness, and navigate the practical complexities of implementation.

Closing Remarks
5:10 – 5:15 PM

DAY TWO AGENDA

Welcome & Opening Remarks
8:30 – 8:45 AM

Public Company Auditing Update
8:45 – 10:15 AM
Dive into the PCAOB’s most recent efforts to protect investors and enhance audit quality for public companies, including:
• The latest updates and staffing changes
• Inspection results and areas of focus for the current inspection cycle
• Proposed amendments and new standards
• Recent regulatory actions and sanctions

Break
10:15 – 10:20 AM

SEC Enforcement Issues
10:20 – 11:20 AM
Discover the latest initiatives from the SEC's Division of Enforcement, which factors trigger investigations and enforcement actions, and the possible outcomes. Analyze real SEC enforcement cases, and learn how to avoid being a target. We’ll cover:
• Changes to SEC leadership and policies
• Navigating an investigation

• Shifting enforcement priorities and developments
• The new accounting focus

• Voluntary dismissal of prior litigation

• Process reforms and greater transparency

Break
11:20 – 11:25 AM

MD&A Update & Best Practices
11:25 AM – 12:30 PM
An experienced securities and corporate governance expert will guide you through MD&A disclosure requirements and best practices, while highlighting recent SEC guidance, trends in staff comment letters, and key enforcement actions. This session will cover the latest MD&A topics of interest, including: 
• Cybersecurity: past incidents and future risk management

• Tailored AI disclosures

• The impact of tariffs

• Emerging risks with crypto assets

• R&D expenditures: project status, costs, and risks

• Goodwill impairment testing

• Compliance & Disclosure Interpretations (CD&Is) on non-GAAP measures

• Trends in staff comment letters

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:
• Tariffs and international trade
• ESG reporting
• Artificial Intelligence
• Cyber-related issues
• SEC rulemaking and enforcement
• Board matters
• Mergers and acquisitions (M&A)
• Tax matters
• Geopolitical matters

Break
2:45 – 2:50 PM

Income Tax Disclosures
2:50 – 3:50 PM
This session examines income tax reporting and disclosures for public business entities, including recent SEC areas of focus, effective tax rate analysis, valuation allowances, uncertain tax positions, and tax information in MD&A and the financial statements. It also covers the disclosure changes in ASU 2023-09, including effective dates, transition, income taxes paid by jurisdiction, and the different rate reconciliation requirements for public and private entities.

Break
3:50 – 3:55 PM

The Cost of Intelligence: Accounting for AI Infrastructure & Software Development
3:55 – 5:10 PM
This session explores accounting judgments arising from investment in AI infrastructure and changing software business models. Topics include alternative funding structures, residual value and lease guarantees, consideration paid to customers and received from vendors, lease commencement and build-to-suit arrangements, off-balance-sheet commitments, and variable interest entity assessments. It also examines costs of developing internal-use software with AI tools and pricing models for AI-enabled software.

Closing Remarks
5:10 – 5:20 PM

Conference Ends
5:20 PM

CURRENT REGULATORS

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

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

FORMER REGULATORS

Nekia Hackworth, Partner at Jones Day, formerly Deputy Director of Enforcement (Southeast) at the SEC and Federal Prosecutor and Policy Advisor at the US DOJ

Megan Hearn, Partner, KPMG, formerly Professional Accounting Fellow in the Office of The Chief Accountant

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

Tim Kviz, National Assurance Managing Partner, SEC Services, BDO, formerly Professional Accounting Fellow in the Office of the Chief Accountant, SEC

David Peavler, Partner, Jones Day, Former Regional Director for Enforcement, SEC

Susan Resley, Securities Enforcement and Litigation Partner, Morgan Lewis

Melissa Rocha, Partner, Department of Professional Practice, KPMG, formerly Deputy Chief Accountant in the SEC Office of The Chief Accountant (CFOCA) within the Division of Corporation Finance
 

CORPORATE LEADERS, BIG 4 & OTHER MAJOR ACCOUNTING FIRMS

Kabina Bhari, Tax Managing Director, BDO 

Aaron Briggs, Partner, Gibson Dunn 

Eric Carlsson, Partner, KPMG

Chad Chevalier, Managing Director (formerly EY)

James Christenson, Audit & Assurance Manager, Accounting and Reporting Services, Deloitte

Meghan Depp, Professional Practice Principal – SEC Services, BDO

Mellissa Duru, Partner, Gibson Dunn

Bonnie Mann Falk, Partner, CitrinCooperman

Stephenie Gosnell, Partner, Gibson Dunn

Lisa Habash, Senior Manager, BDO

John Hanson, Retired CFO Turtle Beach and Board Member

Jonathan Hanwit, Founding Partner and CEO, thinkPARALLAX

Dotty Hayes, Experienced Board Chair and Audit Committee Financial Expert, BigBear.ai

Justine Jacob, Technical Director, MorganFranklin

Matthew Jacobson, Sustainability Controller, nVent

Rob Kelley, Corporate Associate, Gibson Dunn

Brandon Landas, Professional Practice Principal – SEC Services, BDO

Julia Lapitskaya, Partner, Gibson Dunn

David Levi, Chief Accounting Officer, OPAL Fuels

Emily Lucas, Senior Director, Professional Practice, CAQ

Colleen McManus, Senior Manager, MorganFranklin

Alex Mendoza, Jr., Director, Lighthouse Advisor, KPMG

Nancy Mentesana, Managing Director, Labrador

Greg Moore, Chairman, Board of Directors, Texas Roadhouse

Angela Newell, Deputy Chief Accountant, BDO

Sheila Ongie, Head of Sustainability Strategy, thinkPARALLAX

Dan Petrocelli, National Office Director, PwC

Zohaib Qamar, Partner, Citrin Cooperman

Katie Rassier, Tax Managing Director, BDO 

Jeremiah Saunders, Professional Practice Group Director, BDO

Eric Scarazzo, Partner, Gibson Dunn

Charles Soranno, Managing Director, Protiviti

Michael Titera, Partner, Gibson Dunn

Brian Tomlinson, Managing Director, Ernst & Young, LLP

Emmad Wajahat, Director, National Quality Organization, PwC

Geoffrey Walter, Partner, Gibson Dunn

Bill Witt, Director, Highspring

Christopher Wright, Managing Director, Protiviti

DETAILED LEARNING OBJECTIVES

• Identify the proposed frequency for electing semiannual or quarterly reporting

• Determine when a company could change its reporting-frequency election

• Identify the reporting period addressed by proposed Form 10-S

• Recognize the proposed ICFR auditor-attestation exemption for nonaccelerated filers

• Identify the proposed accounting-standard effective-date accommodation for newly public companies

• Identify the SEC rule governing shareholder proposals

• Recognize materiality’s role in rationalizing public-company disclosures

• Identify the regulatory initiative associated with shareholder-proposal modernization

• Apply a materiality focus when selecting information for disclosure

• Recognize the rules addressing shareholder proposals in proxy materials

• Identify circumstances constituting a “cloudy day” for advance-notice bylaw adoption

• Recognize the treatment of clear-day bylaws in a facial challenge

• Identify a board response consistent with enhanced scrutiny

• Determine the review framework relevant to bylaws adopted during an imminent proxy contest

• Explain why the timing of bylaw adoption affects judicial review

• Identify the filings containing quarterly trading-arrangement disclosures

• Recognize the price information excluded from required trading-arrangement disclosures

• Evaluate disclosure obligations for covered non-Rule 10b5-1 arrangements

• Identify trading-arrangement events subject to quarterly disclosure

• Recognize that disclosure requirements extend beyond Rule 10b5-1 plans

• Identify common patterns in initial cybersecurity incident filings

• Recognize common disclosure practices concerning threat actors

• Identify response activities commonly described in cybersecurity disclosures

• Explain why subsequent cybersecurity filings may provide additional information

• Recognize that an unidentified threat actor does not prevent incident disclosure

• Identify documentation supporting a coordinated cybersecurity response

• Explain the purpose of a cybersecurity materiality assessment framework

• Identify the purpose of cybersecurity tabletop exercises

• Select procedures addressing incident-response communication and escalation gaps

• Determine appropriate improvements following a tabletop exercise

• Identify the two perspectives comprising double materiality

• Recognize a situation illustrating impact materiality

• Recognize a situation illustrating financial materiality

• Explain how information materiality affects sustainability disclosures

• Identify the ESRS standard containing cross-cutting general disclosures

• Select sustainability initiatives using a business-value focus

• Identify the elements of an actionable sustainability strategy

• Distinguish regulatory reporting from customer and employee sustainability communications

• Identify functions supporting coordinated sustainability reporting

• Explain the business rationale for prioritizing a sustainability initiative

• Identify Regulation G’s requirements for public non-GAAP disclosures

• Recognize Item 10(e)’s GAAP prominence requirement

• Identify the required explanation of a non-GAAP measure’s usefulness

• Evaluate whether a non-GAAP presentation satisfies prominence requirements

• Explain the purpose of a GAAP-to-non-GAAP reconciliation

• Recognize factors that can make an expense adjustment misleading

• Explain why excluding an inventory reserve may be misleading

• Identify business factors relevant to evaluating non-GAAP adjustments

• Evaluate whether noncash status supports excluding an expense

• Recognize the need for company-specific assessment of adjustments used by peers

• Distinguish intangible assets by development or acquisition origin

• Explain how intangible-asset information supports capital allocation analysis

• Identify the purpose of a FASB Invitation to Comment

• Recognize why an intangible asset’s origin affects its accounting

• Identify how stakeholders can contribute to FASB research

• Explain the purpose of a FASB exposure draft

• Distinguish tentative goodwill decisions from authoritative accounting requirements

• Explain how public comments inform standards development

• Identify disclosure concerns associated with subjective debt acceleration clauses

• Explain how acceleration provisions can affect repayment timing

• Identify costs included under a cost-incurred disaggregation basis

• Identify costs included under an expense-incurred disaggregation basis

• Determine how previously capitalized inventory costs enter current-period disaggregation

• Recognize the consistency requirement within an expense caption

• Identify the level at which a disaggregation basis may be selected

• Calculate expense using cost components and reconciling adjustments

• Explain how foreign currency translation creates reconciling differences

• Identify qualitative disclosure requirements for other cost-of-products-sold components

• Calculate a reconciled expense amount using inventory and other adjustments

• Recognize examples of costs included in other cost of products sold

• Identify the quality-control emphasis of modern PCAOB inspections

• Recognize inspection procedures that address audit-quality risks

• Identify principles governing responsible AI use in auditing

• Explain the purpose of unpredictable inspection procedures

• Identify standalone selling prices as an input to transaction-price allocation

• Recognize data reliability requirements for software-assisted revenue auditing

• Identify assumptions and estimates relevant to percentage-of-completion auditing

• Evaluate the effect of incomplete data on audit analytics

• Identify information sources that may initiate an SEC investigation

• Explain how self-reporting can lead to an SEC investigation

• Distinguish an SEC investigation from an enforcement action

• Recognize what opening an investigation establishes about a matter’s status

• Explain how inflated round-trip transactions can misstate revenue

• Identify books-and-records and control concerns arising from false accounting entries

• Explain how segment misstatements can distort investors’ understanding of growth

• Evaluate the economic substance of circular transactions involving inflated invoices

• Identify useful disclosures about tariff and geopolitical developments

• Determine which disclosures warrant reassessment following a material tariff change

• Recognize the characteristics of useful company-specific AI disclosures

• Explain the role of key assumptions in geopolitical uncertainty disclosures

• Identify information needed to understand a disclosed KPI

• Determine which known trends and uncertainties require MD&A discussion

• Recognize quantitative and qualitative information supporting meaningful trend analysis

• Identify explanations needed when introducing a KPI in MD&A

• Recognize the effect of the forecasted annual effective tax rate on interim results

• Identify the MD&A section addressing tax-related cash requirements

• Identify the MD&A section addressing significant tax estimation uncertainty

• Determine when a change in the forecasted tax rate warrants interim MD&A discussion

• Identify the majority threshold for qualitative state and local tax explanations

• Recognize disaggregation requirements for significant foreign tax effects

• Identify the exception for changes in unrecognized tax benefits

• Determine which state jurisdictions collectively exceed the majority threshold

• Identify the general accounting treatment of vendor consideration

• Recognize the exception for a distinct good or service transferred to a vendor

• Apply the general treatment of vendor payments when no qualifying exception exists

• Explain why the nature of vendor consideration must be evaluated before recognizing revenue

• Identify the treatment of general and administrative software-development overhead

• Apply capitalization criteria to AI-related internal-use software development costs

• Distinguish eligible direct development costs from administrative overhead

• Recognize that an AI project designation alone does not establish capitalization eligibility