Overview
Hear directly from FINRA, CFTC and PCAOB regulators on their latest initiatives and key priorities. Discover how these decisions may influence your company’s practices and bottom line, get critical updates on regulatory, accounting and auditing issues, and keep up with recent developments, such as the use of cryptoassets, and the ongoing impact of COVID-19.
Through our comprehensive agenda and immersive online platform, you’ll gain expert guidance and real-world strategies from current and former regulators, Big 4 leaders and other industry specialists on implementing the latest accounting standards, dealing with regulators, mitigating risks, and more.
AGENDA HIGHLIGHTS
• State of the Brokerage Industry
• The Impact of COVID-19
• Regulatory Trends, Industry Initiatives & Challenges
• Technical Accounting Update
• PCAOB Update
• Comments from the CFTC
• SEC Enforcement Issues
• Managing Cyber Risk
LEARNING OBJECTIVE To update financial professionals working for broker-dealers on the latest rules and regulations from the SEC,
PCAOB and FASB, and show them the best ways to handle these rules.
PREREQUISITE None. ADVANCE PREPARATION None. PROGRAM LEVEL Update. NASBA FIELD OF STUDY Accounting.
DELIVERY METHOD Self-Study.
Speakers
CONFERENCE CO-CHAIRS
Sarah Kenny, Director, National Professional Services Group, PwC, is an expert in valuation and fair value estimates, as well as a thought leader in standard-setting activities.
Tim Vintzel, Audit Partner, Banking and Securities Group, Deloitte & Touche LLP, is a Chartered Financial Analyst who specializes in audits of large, multinational clients, and technical securities industry matters.
SPEAKERS INCLUDE
Wes Althoff, Senior Associate and Assistant General Counsel, SIFMA
David Challen, Partner, PwC
Ann Cheeseman, Partner, Financial Accounting and Advisory Services (FAAS), Ernst & Young LLP
John Clemente, Director, Risk and Regulatory - Financial Services Advisory, PwC
Nicholas DiLorenzo, Associate, Financial Services Group, Dechert LLP
Thomas Favia, Managing Director, Regulatory Reporting, Goldman Sachs
Janet Fischenich, Senior Manager, Assurance – Financial Services, Ernst & Young LLP
Susan Grafton, Partner, Dechert LLP
Rachel Grandovic, Senior Manager, Accounting and Reporting Advisory, Deloitte
John Iacobellis, Assurance Partner, BDO
Kathryn Mahoney, Senior Director, Financial & Operational Risk Policy, FINRA
Adam Nava, Partner, Citrin Cooperman
Nicole Nistorescu, Audit Senior Manager, BDO
Gerald Nudge, Associate Director, Branch Chief – Eastern Region, CFTC
Laura S. Pruitt, Partner in Financial Markets, Jones Day
Gregory Schu, Partner, BDO USA, LLP
Joe Thomas, Senior Manager, Financial Accounting Advisory Services, Ernst & Young LLP
Anthony Vinci, Director, Financial and Operational Risk Policy, FINRA
Mike Walters, Associate Director, PCAOB
Detailed Learning Objectives
• Identify accounting standards effective in 2021 for calendar year-end public business entities
• Identify the characteristics of specified ASUs as they relate to LIBOR reform
• Identify the characteristics of specified ASUs written as part of the FASB’s codification improvements project
• Recognize the characteristics of other specified recent ASUs
• Recognize the relative role of the AICPA’s “Accounting for and Auditing of Digital Assets”
• Identify the purpose behind specified recent FINRA regulatory notices
• Identify the COVID related regulatory relief granted by FINRA to its members
• Recognize various conclusions made by the PCAOB in their latest “Annual Report on the Interim Inspection Program Related to Audits of Brokers and Dealers”
• Recognize the objectives of the PCAOBs inspections
• Identify specified results from the latest PCAOB inspection reports
• Recognize timely internal control environment considerations
• Identify the definition of a material weakness in ICOC
• Identify the characteristics of management review controls
• Identify the role of management review controls
• Recognize suggestions for overcoming management review control challenges
• Recognize potential problems with information used in a control
• Identify guiding principles for information used in a control
• Identify sources for information used in a control
• Recognize the role of the CFTC
• Identify principles and priorities of the current SEC administration
• Recognize the SEC’s core concern with an audit firms’ financial ties with a potential audit client
• Recognize available SEC Enforcement weapons
• Identify current SEC concerns with SPACs
• Identify the current SEC administration’s relative interest in the crypto assets market
• Identify today’s overall cyber threat environment
• Recognize smaller and mid-sized financial firms’ typical cyber vulnerabilities
• Recognize the current threat level of ransomware attacks
• Identify the relative frequency of cyber-attacks against small to medium sized businesses
• Identify the potential fallout of a cyber breach to a company
• Identify recent specified data regarding the identification and resolution of cyber-attacks
