Key SEC Developments Self-Study Webinar (5 Hours)

Key SEC Developments Self-Study Webinar (5 Hours)

CPE Credit: 5 Hours

Price: $269.00

NASBA Field of Study: Accounting

 

Overview

In this self-study webinar taken from our popular SEC Conference, our panel of Big 4 and industry experts will provide you with the up-to-the-minute information and guidance you need to successfully handle today’s most critical SEC accounting and reporting issues.
 

AGENDA HIGHLIGHTS


•  SEC Commission & Staff Changes
   – Staff/administration leadership focus

•  SEC Reporting in the COVID-19 Environment
   – Exchange Act
   – Corp Fin Disclosure Topic No. 9
   – Non-GAAP Measures

•  SEC Financial Disclosure Rulemaking
   – Change to non-accelerated filer definition
   – New definitions of accelerated and large accelerated filers
   – Amendments to Rule 3-10 and Rule 3-16
      – Guaranteed debt or debt-like securities
   – Rule 3-13 Waiver requests
      – S-X Rule 3-13 relief
      – SEC staff waiver requests
   – Amendments to Rule 3-05 and Article 11
   – Changes to reporting acquisitions and dispositions
   – Reduced Requirements for Registration Statements
   – Pro Forma Information
   – Disclosure Effectiveness

•  Amendments to Modernize & Simplify Certain Parts of Regulation S-K
   – Adoptive and effective dates
   – Item 101: Description of Business
   – Item 103: Legal Proceedings
   – Item 105: Risk Factors
   – Human capital management disclosure
   – Principles-based disclosure

•  Changes to Definitions of Accredited Investor & Institutional Buyer

•  Direct Listings on the NYSE
   – Overview of listing standards

•  Modernizing Disclosures for Banking Registrants
   – Industry Guide 3 replaced 

•  Inline XBRL

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

•  Critical Audit Matters (CAMs)
   – Applicability of CAM Reporting
   – Communication and disclosures
   – Early observations and examples

•  Cybersecurity
   – Disclosures
   – Best practices
   – SEC enforcement priority

•  Legislative Update
   – JOBS Act 3.0
  
– Regulatory outlook: Biden Administration

•  SEC Reporting Implications of FASB Transition Approach—Credit impairment (ASC 326)
   – Key disclosure changes
   – COVID-19 implications

•  FASB ASC Updates
   – Credit impairment (ASC 326)

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

•  CARES Act Accounting Issues
   – Paycheck Protection Program (PPP)
   – Loan Modifications related to COVID-19

 

LEARNING OBJECTIVE  To provide financial professionals with an update on the key SEC hot button 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  Self-Study.

Speakers

SPEAKERS


Sheri Fabian, National Assurance Partner – SEC Services, BDO

Hillary Holmes, Partner, Gibson, Dunn & Crutcher LLP

David Levi, Senior Vice President, Controller & Principal Accounting Officer, Vonage

Detailed Learning Objectives

Recognize characteristics of the SEC’s strategic plan for years 2018-2022

Recognize recommended COVID-related financial disclosures 

Recognize the circumstances in which companies and related persons should not trade in the company securities

Identify the overall perspective of the SEC when considering the use of non-GAAP measures

Identify the primary reasons for which selected enforcement actions were taken by the SEC

Recognize the recent changes made to the definitions of accelerated and large accelerated filers

Identify recent SEC guidance in respect to S-X Rule 3-13 relief

Identify recent changes to Rule 1-02(w)

Recognize recent changes to Rule 3-05

Recognize recent changes to the threshold for disclosure of governmental environmental proceedings 

Recognize the characteristics of the human capital resources disclosures

Identify recent amendments to Rule 501(a)

Identify recent changes in the codified Guide 3 disclosures

Recognize recent amendments to modernize and simplify certain parts of Regulation S-K

Identify the characteristics of critical audit matters

Identify the characteristics of the SEC’s cybersecurity disclosure guidance

Recognize the recent change to the threshold at which a large banking organization automatically becomes subject to enhanced prudential standards

Recognize the most recent SEC Staff focus areas

Recognize best practices for non-GAAP measures

Recognize SEC staff comments on Topic 606