SEC Virtual Conference for Asia-Based US Listed Companies

Asia’s premier conference for financial professionals serving US listed companies!


(Note: Year-Long Passes do not apply to this course.)

SEC Virtual Conference for Asia-Based US Listed Companies

CPE Credit: 16 Hours

Price: $1,099.00

NASBA Field of Study: Accounting



Our Virtual SEC Conference: An Accounting & Reporting Update for US Listed Companies is designed to help Asia-based companies navigate through the complex rules and regulations for doing business in the US. US regulators, thought leaders from the Big 4, and industry panelists will provide you with the latest, critical updates on US financial accounting and reporting, with a special focus on issues that impact Chinese and other Asia-based companies.


•  Regulatory Update: Future of China in US Capital Market

•  Key SEC Developments

•  Public Company Auditing Update

•  FASB Update

•  Non-GAAP Measures, Metrics & Disclosures

•  SEC Enforcement Issues

•  ESG & Financial Reporting

•  Cybersecurity & Complying with China's New Privacy Regulations

•  Responding to Fraud Allegations

•  Internal Controls—Hot Topics

•  Frequently Encountered Accounting & SEC Reporting Topics


LEARNING OBJECTIVE  To update financial executives on important US financial accounting and reporting topics, with a special focus
on issues that affect Chinese and other Asia-based companies.

DELIVERY METHOD  Group Internet-Based.



Welcome & Opening Remarks
 – 8:45 AM

Regulatory Update: Future of China in US Capital Market
8:45 – 9:45 AM
Relationships between the United States and China have run aground on rocky shores, with COVID-19 complicating an already difficult relationship that has seen conflict over trade, borders, and human rights. Attention has turned to the large number of Chinese companies that have tapped US capital markets. Will the US ban Chinese companies from listing in the US? Will pension funds be banned from Chinese investments? What happens to multinationals with significant Chinese operations?  

9:45 – 9:50 AM

Key SEC Developments
9:50 – 10:50 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 a Geopolitical Environment
  – Suggested disclosure considerations
      – Sanctions

      – Investors, employees, and other stakeholders
      – Russia or other government nationalization of assets
      – Risk assessment

      – Cybersecurity
      – Critical accounting estimates
      – Import/export bans and supply chain disruptions

      – Non-GAAP
      – Controls
   – COVID-19

10:50 11:00 AM

Key SEC Developments (continued)
11:00 AM – 12:10 PM

SEC Financial Disclosure Rulemaking
   – Amendments to modernize, simplify and enhance 300 Series of Regulation S-K
     – MD&A liquidity disclosure requirements
     – Critical accounting estimates
     – General trends and takeaways
   – Climate-related disclosures for investors

   – Cybersecurity
   – Special Purpose Acquisition Companies (SPACs)
   – 10b5-1 plans and share repurchases
   – Pay vs. performance

   – Holding Foreign Companies Accountable Act (HFCAA)
   – Commission-Identified Issuers
   – SEC disclosure considerations for China-based operations

SEC Guidance on Materiality

• Legislative Update
• Staff Comments & Trends

12:10 – 12:15 PM

Public Company Auditing Update
12:15 – 1:15 PM
• Inspections Update
   – COVID and remote working
   – Critical Audit Matters (CAMs)

• Current Standard-Setting Activities

      – Quality control
      – Substantive analytical procedures
      – Fraud
      – Interim standards and ethics
      – Data and technology

• Other Current Trends
   – Audit considerations related to the invasion of Ukraine
   – PCAOB inspection reports
   – HFCAA determinations regarding China
   – Staff guidance on Form AP

1:15 – 2:00 PM

FASB Update
2:00 – 3:15 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)

3:15 – 3:20 PM

Non-GAAP Measures, Metrics & Disclosures 
3:20 – 4:30 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



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

SEC Enforcement Issues
8:45 – 9:45 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

9:45 – 9:50 AM

ESG & Financial Reporting
9:50 – 10:50 AM
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

10:50 –10:55 AM

Cybersecurity & Complying with China's New Privacy Regulations
10:55 AM –12:00 PM
China's recently enacted "Data Security" and "Personal Information Protection" Laws present a major shift for multinational organizations operating within the country. In this session, we will take an in-depth look at these game-changing new regulations, their potential impact on cybersecurity, data sharing and localization, and how they will likely affect access toand collection ofprivate information.

12:00 –1:00 PM

Responding to Fraud Allegations
1:00 – 2:00 PM

Get a detailed overview of how US-listed companies deal with the fallout of economic crime, including:
Managing Key Stakeholders
Third-Party Investigations

• Potential Follow-Up Actions

2:00 – 2:05 PM

Internal Controls—Hot Topics
2:05 – 3:05 PM
This session will provide an update on current trends associated with a company’s internal control environmentincluding important ESG factorsand 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:
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

The Current ESG Risk Landscape
• Internal Controls to Unlock ESG's Stategic Value

3:05 – 3:10 PM

Frequently Encountered Accounting & SEC Reporting Topics
3:10 – 4:30 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 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
4:30 – 4:35 PM

Conference Ends
4:35 PM


* PLEASE NOTE: Session topics and times are subject to change based on location and speaker availability. Please call 1-800-544-1114 for specific agenda details.



Benny Chan, Senior, Business Consulting, EY

Dora Cheung, Partner, Capital Markets & Accounting Advisory Services, Non GAAP, PwC

Shas Das, Counsel, International Trade & Financial Services Regulatory Compliance, KSLAW

Robert Hirth, Senior Managing Director, Protiviti

Rita Jiang, Partner, KPMG

Cliff Lam

Haiping Li, Corporate Partner, Skadden

Lisa Li, Partner, Cybersecurity & TMT Technology Risk, PwC

Lili Liu, Senior, Audit, KPMG

Cindy Ngan, Partner, PwC

Jonathan Odom, Partner, PwC

Susan Resley, Securities Enforcement & Litigation Partner, Morgan, Lewis & Bockius

David Samy, Partner, Advisory Services, Greater China Advisory Internal Audit Leader, EY

Terence Sin, Senior, Business Consulting, EY

Randal Vallen, Partner, National Liason for China, PwC

Jason Wang, Senior Manager, PwC

Jessica Wang, Management Consulting Associate, PwC


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