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

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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 Virtual Conference: An Accounting & Reporting Update for Public Companies

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 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 the impact of COVID-19 (Coronavirus), from the FASB, SEC, PCAOB, IASB, AICPA and other rulemakers. 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

DAY TWO AGENDA HIGHLIGHTS


•  SEC Enforcement Issues

•  Public Company Auditing Update

•  Best Practices for Dealing with Corporate
   Ethics & Compliance Risks

•  Hot Button Issues for Public Companies
   —Expert Panel Discussion

•  Internal Controls—Hot Topics

•  Frequently Encountered Accounting &
   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.

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 the COVID-19 Environment
  – Corp Fin Disclosure Topic No. 9, 9A
  – COVID-related SEC enforcement actions
SEC Financial Disclosure Rulemaking
• Amendments to Modernize, Simplify & Enhance Certain Parts of Regulation S-K
Amendments to Rules 3-05, 3-10, 3-16 & Article 11
Direct Listings on the New York Stock Exchange
Environmental, Social & Corporate Governance
(ESG)
SEC Disclosure Considerations—China-Based Operations

Special Purpose Acquisition Companies (SPACs)
SEC Enforcement Activities

Break
10:30
 – 10:40 AM

Key SEC Developments (continued) 
10:40 AM – 12:25 PM
Other Rule Changes
  – E signatures
  – Cover page and 2019 amendments

SEC Interpretive Guidance
  – Key performance indicators and metrics in MD&A

  – Updates to financial reporting manual
• Critical Audit Matters (CAMs)
  – Communication
• Cybersecurity
  – Disclosures and best practices
  – SEC enforcement priority
• Legislative Update
  – Regulatory outlook—Biden administration

• Accounting Update on CECL
• SEC Staff Comments & Trends
  – SEC staff focus areas
  – ASC 606, Revenue from Contracts with Customers
  – Non-GAAP measures
  – MD&A

  – Segment reporting
  – Climate change

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:
ESG Reporting Statistics & Leading Reporting Practices

ESG Priorities of Large Institutional Investors
Recent Activities by Regulators & Standard Setters

Internal Control & Third Party Assurance Considerations

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)

Break
4:15 – 4:20 PM

Non-GAAP Measures, Metrics & Disclosures 
4:20 – 5:35 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.

Closing Remarks
5:35 – 5:45 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:
Leadership Changes
Recent Trends & Developments
ESG, SPAC & COVID-19 Risk Factors
Best Practices for Accounting & Reporting Compliance
Enforcement Actions & Penalties
Sources of Investigations

Investigation Process
Arsenal of SEC Enforcement Weapons
Conduct of Individuals

Financial Reporting & Disclosure Trends
FCPA Trends
Mistakes Public Companies Make
Whistleblower Program Update
Cryptocurrency
• Recent Cases

  – Accounting and reporting
  – Individual auditors and accountants
  – Cyber risk

  – Insider trading

Break
10:15
 – 10:20 AM

Public Company Auditing Update
10:20 – 11:20 AM
PCAOB 0rganization & Structure
  – Leadership
Developments, Research & Standard-Setting Agenda
  – Strategic plan

  – Auditor independence
Inspection Areas & Report Update
  – New inspection report format
Reporting & CAMs
  – Identifying CAMs
  – Internal Controls over Financial Reporting (ICFR)

• Management Review Controls
  – Documenting and challenging an audit
Evaluating the Severity of Control Deficiencies

Break
11:20
 – 11:25 AM

Best Practices for Dealing with Corporate Ethics & Compliance Risks
11:25 AM
– 12:40 PM
Learn how performing periodic risk assessments, and implementing successful compliance and ethics
programs, can help protect your business. Experts will discuss:

Preventing & Detecting Misconduct
Protecting Reputation

• Mitigating Government & Civil Actions
The Importance of Clear & Effective Communication
Implementing a Successful Compliance Program

Lunch
12:40 – 1:25 PM

Hot Button Issues for Public Companies—Expert Panel Discussion
1:25 – 2:40 PM
Industry, auditing, legal and other experts will discuss how public companies are dealing with:
Geopolitical Risk
Cybersecurity & Ransomware

• Integrating Political Risk into ERM
Financial Reporting Best Practices
• Recruiting & Developing Accounting/Finance Talents

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
• Considerations Associated with Information Produced by the Entity
• IT System Implementation Considerations
• Service Organizations & Controls Reports
• Monitoring Activities & Evaluating Deficiencies
• Using Digital Audit Techniques

Break
4:00
 – 4:05 PM

Frequently Encountered Accounting & 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 financial accounting professionals serving public companies, including:
• 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 Concern
• 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
5:20
 – 5:30 PM

Conference Ends
5:30 PM

Speakers

CURRENT REGULATORS

Robert Hirth, Co-Vice Chair, SASB

Matt Jacques, Chief Accountant, Division of SEC Enforcement, SEC

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

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

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

Louis Fanzini, Chief Accounting Officer & Corporate Controller, MISTRAS Group, Inc., former FASB

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

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

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.

Michelle Donahue, Managing Director, Deloitte

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

Shira Goldmann, Membership & Engagement Associate, Value Reporting Foundation

Roscelle Gonzales, Director, National Assurance, SEC, BDO USA LLP

Ted Guy, Partner, Ernst & Young LLP

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

Nykema Jackson, Partner, Ernst & Young LLP

Marie Johnson, Partner, Assurance and Advisory, 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

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

Haima Marlier, Partner, Morrison & Foerster LLP

Daisy Mogrovejo, Director, Banking & Capital Markets, PwC

Greg Moore, Member – Board of Directors, Texas Roadhouse

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

Barbara Ruane, Global Director of Revenue Recognition, JLL

Elizabeth Saunders, Partner, Clermont Partners, LLC

Tina Schmelcke, Director, PwC

Meaghan Schmidt, Managing Director, AlixPartners

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

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 REPORTING SPECIALISTS

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

 

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