Seminar  Program

13th Annual SEC Reporting & FASB Forum for Mid-sized & Smaller Companies





Please note that this program offers CPE Behavioral Ethics credits for accountants, not CLE ethics credits for attorneys. Please check the credit calculator to the right for credit information for your jurisdiction.


Why You Should Attend:

 

The world of financial reporting is constantly changing. The Division of Corporation Finance review process continues to challenge issuers with comments on new areas and new questions on familiar topics. The Financial Accounting Standard Board’s (FASB) is keeping everyone busy with the final standards of their major projects and implementation issues, as well as simplification, targeted improvements, and private company issues; with more to come from their busy agenda. The Public Company Accounting Oversight Board (PCAOB) is deliberating a number of projects that will impact auditors as well as issuers. The SEC and PCAOB Enforcement Divisions are ever-vigilant with a growing list of enforcement priorities and recent financial and audit cases. Learn about these topics and more at this year’s Forum, where our expert faculty will offer practical advice, based on real-world examples, to give you the information and tools necessary to successfully meet current and future challenges in accounting, auditing and SEC reporting.

 

What You Will Learn:

  • Understand the regulatory landscape and emerging issues, including recent and anticipated changes from the new administration
  • Our SEC Reporting Roundtable will provide a lively discussion of current events, including the SEC’s rulemaking and enforcement agendas, the status of the Disclosure Effectiveness project, FASB and PCAOB agendas, and corporate governance updates
  • Important developments in CorpFin and the Office of Chief Accountant, including frequent comments and consultation areas
  • The adoption of FASB’s Revenue Recognition standard is just months away; hear last minute issues and delve into the volume of required disclosures
  • The Leases and Financial Instrument standards are final – get started on implementation issues, SAB 74 disclosure, and other challenges
  • MD&A hot topics – understand the current focus areas of investors and regulators and how to meet their expectations
  • How cybersecurity issues impact your organization, steps to take now and disclosure guidance for various scenarios
  • Recent SEC and PCAOB enforcement actions and recent SEC sweeps
  • Plus updates on the latest developments at the SEC, FASB, and the PCAOB

Who Should Attend:

SEC reporting professionals, including preparers of financial statements, and SEC disclosure documents partners of public accounting firms and their staff, lawyers and corporate legal staff, investor relations professionals, audit committee members, and others involved in preparation or review of the financial statements.

 

Prerequisites:

None. While not required, we recommend first attending the “SEC Reporting Skills Workshop” or prior experience with the SEC reporting process and use of Instructions to Forms and Regulations S-K and S-X.


Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 8:00 a.m. - 5:30 p.m.

8:00 Welcome, Introductions and Program Overview
Carol A. Stacey, George M. Wilson

8:15 Update on the Regulatory Landscape and Emerging Issues
  • The big picture – what’s happening at the SEC, FASB and PCAOB and what do their agendas look like?
  • The impact of the new administration on the SEC, and the trickle-down effect to the PCAOB and FASB
  • Proposed amendments to the definition of “smaller reporting company
  • The SEC’s Disclosure Effectiveness project – will we ever see results?
  • PCAOB inspections and SEC enforcement in a pro-business environment
  • Continued focus on internal control over financial reporting
  • Update on capital raising in the current environment
  • Cybersecurity is still attracting lots of high-level attention
(CPE Field of Study: Auditing)
(CPE Field of Study: Accounting)
(CPE Field of Study: Specialized Knowledge & Applications)

Alfredo B. D. Silva, Carol A. Stacey, George M. Wilson



9:15 Current Developments in the SEC’s Division of Corporation Finance

Current Developments in the SEC’s Division of Corporation Finance

  • Update on recent rulemaking, including increased revenue threshold for Emerging Growth Company (EGC) status, rules being shelved and interpretive activity
  • Status of Disclosure Effectiveness, including financial disclosures about other entities
  • CorpFin staff focus areas, including:
    • Goodwill
    • Share-based compensation
    • Segments – identification, disclosure, and ICFR
    • Statement of Cash Flow – restatements and ICFR concerns
    • Revenue recognition
    • Non-GAAP measures and metrics
    • Financial Reporting Manual – Reporting Issues Related to Adoption of New Accounting Standards
    • Frequent SEC reporting issues
  • Update on the Staff review process – managing your relationship with the Staff
    • What’s new in CorpFin
    • How to manage the review process
    • Best practices for responding to the Staff

Jason K. Lawson, Melissa Raminpour



10:45 Networking Break

11:00 MD&A Hot Topics
  • Hot topics, including
    • Use of Non-GAAP measures and metrics
    • Commodity prices and foreign exchange rates - historical and prospective disclosures
    • Income taxes - foreign tax issues, including trapped cash
    • Critical accounting estimates, including impairment
  • Frequent Staff comments
(CPE Field of Study: Specialized Knowledge & Applications)

Alfredo B. D. Silva, Carol A. Stacey



12:00 Networking Lunch

1:00 Revenue Recognition Standard – The Latest from the FASB, TRG, SEC and AICPA
  • Implementation issues
  • Keeping up with industry issues
  • Developments in key judgment areas
    • Identifying contracts with customers
    • Performance obligations and licenses
    • Estimating standalone selling price
  • Gearing up to draft the voluminous disclosure
  • Critical judgments and estimates
  • Pros and cons of each alternative adoption method
  • SAB 74 - focus on transparent disclosure of implementation and the effect
  • The role of the auditor during implementation
(CPE Field of Study: Auditing)
(CPE Field of Study: Accounting)

Brian H. Marshall, George M. Wilson



2:45 Networking Break

3:00 Current Developments in the SEC’s Office of the Chief Accountant
  • Reinforcing the reliability and credibility of financial reporting
  • Implementing new standards
  • New processes
  • New internal controls
  • New disclosure
  • Audit Committee involvement
  • Recent accounting consultations addressed by OCA
  • What’s keeping the Professional Practice Group busy?
(CPE Field of Study: Auditing)
(CPE Field of Study: Accounting)

Matthew A. Schell



4:15 Staying Out of Trouble – Division of Enforcement Update
  • Enforcement priorities
  • Recent financial cases and their impact
  • Emergence of non-GAAP cases
  • Whistleblowers and gatekeepers still in the spotlight
  • FCPA developments
(CPE Field of Study: Accounting)
(CPE Field of Study: Specialized Knowledge & Applications)
(CFE Field of Study: Fraud)

David R. Woodcock      

5:30 Adjourn

Cocktail Reception



Day Two: 8:00 a.m. - 4:15 p.m.

8:00 Business Ethics: SEC Enforcement Proceedings Show the Bad and the Ugly
  • We know what ethics and ethical behavior is or do we?
  • Case studies using:
    • SEC enforcement actions
    • PCAOB disciplinary orders
(CPE Field of Study: Regulatory Ethics)
(NOT approved for CLE ethics credit)

Carol Stacey



9:00 FASB Update
  • Recently completed ASUs, including:
    • Financial Instruments – classification, measurement, credit losses and a new TRG
    • Consolidation – related parties under common control
    • FASB’s EITF focus on the Statement of Cash Flows and other topics
  • Simplification topics, such as employee share-based payment accounting measurement of inventory, and equity method
  • Projects in-process – narrow projects, including:
    • Accounting for goodwill impairment
    • Non-employee share-based payment accounting
    • Liabilities and equity – targeted improvements
  • Projects in-process – broad projects, including:
    • Hedging
    • Insurance – long-duration contracts
  • EITF update
  • Disclosure effectiveness – footnotes versus face of the financials
  • PCC alternatives and their known or expected impact on public companies
(CPE Field of Study: Accounting)

Prabhakar Kalavacherla, Jarrod M. Rhen



10:25 Networking Break

10:40 Accounting for Leases Finalized
  • The lessee and lessor models
  • Transition and methods
  • Implementation and process challenges
  • Disclosure requirements
  • SAB 74 disclosure of the impact
(CPE Field of Study: Accounting)

Angela J. Newell



11:40 Networking Lunch

12:40 PCAOB Update – Impact on Auditors and Issuers

• The latest Standards and Staff Alerts and their impact on the audit, including:
    o Auditor’s Reporting Model
• Form AP - Naming the audit partner and other audit participants
• Focus on fraud, ICFR, and independence
• Standard-setting projects on the horizon, such as:
    o The Auditor’s Use of the Work of Specialists 
    o Auditing Accounting Estimates and Fair Value Measurements
    o Non-GAAP measures and other information

(CPE Field of Study: Auditing)

Jim Burton, John McMahon



1:40 SEC Reporting Roundtable
  • All hands on deck as participants in the reporting process discuss important issues for the next 10-K, 10-Q and proxy, including:
  • Disclosure of impact of FASB major projects
  • Continuing focus on ICFR
  • Focus on the audit committee
    • Disclosure effectiveness
    • A more efficient year-end close process
    • Preparing for new proxy disclosure
(CPE Field of Study: Auditing)
(CPE Field of Study: Accounting)
(CPE Field of Study: Specialized Knowledge & Applications)

Robert G. Fox, Jeff Jaramillo, Andrew D. Thorpe                                   



3:00 Networking Break

3:15 Cybersecurity and What You and Your Organization Need to Know
  • Understanding accounting and business risks from cyber attacks
  • How to mitigate the risks
  • Disclosure before and after an attack
  • COSO and cyber risk assessment
(CPE Field of Study: Specialized Knowledge & Applications)

Steven J. Morrison  

4:15   Adjourn   



Co-Chair(s)
Carol A. Stacey, MSA, CPA ~ Director, SEC Institute, a Division of PLI
George M. Wilson, MBA, CPA ~ Director, SEC Institute, a Division of PLI
Speaker(s)
Jim Burton ~ Partner in Charge, Audit Methodology and Standards, Grant Thornton LLP
Robert G. Fox ~ Assistant National Managing Partner – Professional Standards, Grant Thornton LLP
Jeffrey Jaramillo ~ National Partner Leader of the SEC Services Practice, BDO USA LLP
Prabhakar Kalavacherla ~ Partner, KPMG LLP
Jason K. Lawson ~ Business Assurance Partner, Moss Adams LLP
Brian H. Marshall ~ Partner, National Accounting Standards Group, RSM US LLP
John McMahon ~ Vice President, Chief Financial Officer, Heska Corporation
Steven J. Morrison ~ Director, Cyber Response Services, KPMG LLP
Angela J. Newell ~ National Assurance Partner, BDO USA, LLP
Melissa Raminpour ~ Branch Chief, US Securities and Exchange Commission
Jarrod M. Rhen ~ Senior Manager, WithumSmith+Brown, PC
Matthew A. Schell ~ Partner, Assurance Professional Practice, Crowe Horwath LLP
Alfredo B. D. Silva ~ Morrison & Foerster LLP
Andrew D. Thorpe ~ Orrick Herrington & Sutcliffe LLP
David Woodcock ~ Jones Day
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI
Las Vegas Seminar Location and Accommodations

Four Seasons Las Vegas, 3960 S. Las Vegas Blvd., Las Vegas, NV 89119.  A block of rooms has been reserved.  Please contact the hotel directly at 702-632-5000 and mention PLI and the name of the program. The cutoff date for the preferred rate is August 16, 2017.

An additional block of rooms has been reserved at the Mandalay Bay, 3950 Las Vegas Blvd., NV 89119.  Please book online at  SEC Annual Reporting Forum Las Vegas . 

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Alaska:  All SEC Institute products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Arizona:  SEC Institute’s live seminars qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

California:  SEC Institute’s live seminars qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All SEC Institute products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Connecticut: Effective January 1, 2017, all SEC Institute products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Delaware:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Florida:  All SEC Institute products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Georgia:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Hawaii:  All SEC Institute products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Idaho:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Illinois:  All SEC Institute products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Indiana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Iowa:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Kansas:  SEC Institute’s live seminars qualify as “traditional” credit. There is no limit to the number of credits an attorney can earn via traditional programs.

Kentucky:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Louisiana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Maine:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Minnesota:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Mississippi:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Missouri:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Montana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nebraska:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nevada:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Hampshire:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Jersey:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Mexico:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New York

Experienced Attorneys:  All SEC Institute products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Newly Admitted Attorneys:  SEC Institute’s transitional live seminars can be used to fulfill the requirements for newly admitted attorneys. All credit categories may be earned via transitional live seminars.

North Carolina:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

North Dakota:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Ohio:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oklahoma:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oregon:  All SEC Institute products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Pennsylvania: SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Puerto Rico:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Rhode Island:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

South Carolina:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Tennessee:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Texas:  All SEC Institute products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Utah:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Vermont:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Virgin Islands:  All SEC Institute products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Virginia:  SEC Institute’s live seminars qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

West Virginia:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wisconsin:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wyoming:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.


CPD Jurisdictions

British Columbia (CPD-BC):  SEC Institute’s live seminars qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  SEC Institute’s live seminars qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC): SEC Institute’s live seminars can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of points an attorney can earn via live seminars.

United Kingdom (CPD-UK):  SEC Institute’s live seminars can fulfill the United Kingdom’s CPD requirements.


Other Credit Types

CPE Credit (NASBA): SEC Institute’s live seminars qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE): SEC Institute’s live seminars may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at cleadministrator@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  SEC Institute’s live seminars may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at cleadministrator@pli.edu.

IAPP Continuing Privacy Credit (CPE):  SEC Institute’s live seminars may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  SEC Institute’s live seminars may fulfill HR credit requirements.

Compliance Certification Board (CCB):  SEC Institute’s live seminars qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live seminars.

IIEI Recertification: SEC Institute’s live seminars may qualify for the Continuing Education Units (CEUs) necessary to fulfill the Certified U.S. Export Compliance Officer® (CUSECO) continuing education requirements.

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