SEC Virtual Conference for Asia-Based US Listed Companies

Topic Photo

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

 

Overview

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.
 

AGENDA HIGHLIGHTS

•  Regulatory Update: Future of China in US Capital Market

•  Key SEC Developments

•  ESG & Financial Reporting

•  FASB Update

•  Non-GAAP Measures, Metrics & Disclosures

•  SEC Enforcement Issues

•  Public Company Auditing Update

•  Cybersecurity & Complying with China's New Privacy Regulations

•  Hot Button Issues for Public Companies—Expert Panel Discussion

•  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.

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
8:30
 – 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?  

Break
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

Break
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

Break
12:10 – 12:15 PM

ESG & Financial Reporting
12:15  – 1:15 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

Lunch
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)

Break
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

 

DAY TWO AGENDA*


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

Break
9:45 – 9:50 AM

Public Company Auditing Update
9:50 – 10:50 AM

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

Break
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.

Lunch
12:00 –1:00 PM

Hot Button Issues for Public Companies—Expert Panel Discussion
1:00 – 2:00 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
2:00 – 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

Break
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.

Speakers

SPEAKERS INCLUDE


Edward Au, Southern Region Managing Partner, Deloitte China

Colum Bancroft, Managing Director, AlixPartners

Paul Boltz Jr., Partner, Gibson, Dunn & Crutcher LLP

Shas Das, Counsel, International Trade and Government Matters, KSLAW

Shu Du, Skadden

Paul Gillis, Professor of Practice, Peking University’s Guanghua School of Management

Linda Gu, Partner, KPMG

Grace Guo, KPMG

Ned He, Manager of Risk Assurance, PwC

Peter Huang, Skadden

Rita Jiang, KPMG

Steve Kwok, Partner, Skadden

Haiping Li, Partner, Skadden

Crystal Liu, Corporate Tax Advisory, KPMG

Will Lo, Finance Group Manager, Microsoft

Greg Moore, Lead Director/Board Member, Texas Roadhouse, and Member of the Board of Directors at Newegg

Charline Ni, PwC

Rachel Pan, Senior Manager, PwC

Susan Resley, Securities Enforcement and Litigation Partner, Morgan Lewis

Kenny Schek, Director, AlixPartners

Peter Schloss, Managing Partner and CEO, CastleHill Partners Ltd.

Hui Huay Siow, Manager, EY

Yulanda Tang, Director, US Markets National Service Team, PwC

Randal Vallen, Partner, Assurance Services, PwC

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

Ciro Wang, Partner, KPMG

Jason Wang, Senior Manager, PwC

Amanda Wong, Assurance Associate, PwC

Jason Wong, Associate Director, KPMG

Robin Yang, Managing Director, ICR

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