As we continue to see many new regulations from the SEC, PCAOB and financial institution regulators, we also continue to see numerous challenges emerge for the audit committee. If you are a director or member of an audit committee, or if you advise audit committees, this program will help you understand what is required of the audit committee, and those who advise them, in this rapidly changing environment. You will hear from an expert faculty of public company directors and audit committee members, lawyers and CPAs who advise audit committees, and government regulators who oversee the audit and financial reporting processes. Each panel will offer practical advice based on real-world examples to give you the information and tools you need to successfully perform and meet the many challenges facing audit committees and boards today.
Lecture Topics [Total time 06:12:05]
Segments with an asterisk (*) are available only with the purchase of the entire program.
- Opening Remarks and Introduction* [00:07:10]
Catherine L. Bromilow, John F. Olson, Gene A. Capello
- SEC Developments You Need to Know About [01:02:00]
Michael J. Gallagher, Jay D. Hanson, John F. Olson, Mark Kronforst
- PCAOB Developments: What's Happening in the Auditing Arena [01:00:27]
Linda L. Griggs, Jay D. Hanson, Catherine L. Bromilow, J. Michael Cook
- Financial Reporting Developments: What Audit Committees Need to Know [01:00:58]
Linda L. Griggs, Catherine L. Bromilow, Daghan M. Or, Michael J. Gallagher
- Compliance: What Audit Committees Need to Know [01:01:08]
Honorable Mary K. Bush, Frank R. Jimenez, Gene A. Capello, Debra Wong Yang, Anthony O'Reilly
- Risk Management: A Full Plate - But is it Too Much? [01:00:36]
Honorable Mary K. Bush, Frank R. Jimenez, Mary R. "Nina" Henderson, Michael R. Young, Gene A. Capello
- Ethical Challenges for Audit Committees and Their Advisors: Look Out...the SEC and DOJ are Watching [00:59:47]
Mary R. "Nina" Henderson, Michael R. Young, Peter J. Beshar, Debra Wong Yang, John F. Olson
The purchase price of this Web Program includes the following articles from the Course Handbook available online:
- Selected Recent Developments in U.S. Securities Laws and Corporate Finance, as of March 21, 2013
Amy L. Goodman, Bradford P Weirick, Brian J Lane, Elizabeth A. Ising, Gillian McPhee, James J. Moloney, John F. Olson, Jonathan C. Dickey, Paul J Collins, Peter W Wardle, Ronald O. Mueller, Scott J Calfas, Stephen I. Glover
- Auditing Standard No. 16, Communications with Audit Committees, PCAOB Release No. 2012-004, August 15, 2012
Jay D. Hanson
- The Quarter Close—Directors Edition: A Look at this Quarter’s Financial Reporting Issues (SEC Matters: Dodd-Frank Tops SEC’s “To-Do” List In 2013), March 21, 2013
Catherine L. Bromilow
- BoardroomDirect: Issues in Brief (Corporate Disclosure, Financials Lead 2012 Whistleblower Tips), December 2012
Catherine L. Bromilow
- Dataline: A Look at Current Regulatory Issues, SEC Adopts Conflict Minerals Rule, Public and Nonpublic Companies in Many Industries are Affected, Revised January 29, 2013
Catherine L. Bromilow
- 10Minutes on Effective Audit Committees, Leading Practices that Enhance Audit and Financial Reporting Quality, May 2012
Catherine L. Bromilow
- Recent Work of the Public Company Accounting Oversight Board, 2012 and the First Quarter of 2013
Jay D. Hanson
- BoardroomDirect—Audit Committee Issues (SEC Goes Forward with New Audit Communications Standard), January 2013
Catherine L. Bromilow
- BoardroomDirect—Audit Committee Issues (Group Provides Auditor Evaluation Tool for Audit Committees), November 2012
Catherine L. Bromilow
- The Increasing Focus on Audit Committees, The Review of Securities & Commodities Regulation, An Analysis of Current Laws and Regulations Affecting the Securities and Futures Industries, Vol. 46, 2013
Linda L. Griggs
- Key Questions for Board and Audit Committee Members, 2013 Edition, Financial Reporting and Audit Quality
Catherine L. Bromilow
- The Quarter Close: A Look at this Quarter’s Financial Reporting Issues, Directors Edition, March 21, 2013 (On the Horizon: Lease Proposal Advances Despite Headwinds)
Catherine L. Bromilow
- Setting the Standard: A Spotlight on the FASB’s and IASB’s Projects, March 25, 2013
Catherine L. Bromilow
- Reaching Greater Heights: Are You Prepared for the Journey? 2013 State of the Internal Audit Profession Study
Catherine L. Bromilow
- Key Questions for Board and Audit Committee Members, 2013 Edition, Anti-Corruption and Compliance (What is the Company Doing to Comply with Anti-Corruption Laws and Regulations?)
Catherine L. Bromilow
- Insights from the Boardroom 2012: PwC’s Annual Corporate Directors Survey (Risk/Crisis Management)
Catherine L. Bromilow
- Letter to NYSE Regulation, Inc. From the New York City Bar Committee on Financial Reporting Re: New York Stock Exchange Listed Company Rules, Dated March 5, 2013
Michael R. Young
- Insights From the Boardroom 2012: PwC’s Annual Corporate Directors Survey (IT Oversight)
Catherine L. Bromilow
- 10Minutes on Shaping the Boardroom Agenda (Crunch Time for Risk Management) February 2013
Catherine L. Bromilow
- Directors and IT: What Works Best, Part 2: IT Subjects (Data Security) October 2012
Catherine L. Bromilow
- Ethical Dilemmas for Disclosure Lawyers: Summary of Selected SEC Cases Involving Disclosure Lawyers
John F. Olson
Presentation Material
- Summit on Emerging Corporate Governance Trends for Lawyers & Accountants
Jay D. Hanson
- Ethics Issues for Audit Committees and Their Advisors
Mary R. "Nina" Henderson, Michael R. Young, Peter J. Beshar, Debra Wong Yang, John F. Olson
Co-Chair(s)
Speaker(s)
Peter J. Beshar ~ Executive Vice President and General Counsel, Marsh & McLennan Companies Inc.
J. Michael Cook ~ Director: Comcast Corporation, International Flavors & Fragrances, Retired, Chairman and Chief Executive Officer, Deloitte & Touche LLP
Jay D. Hanson ~ Board Member, Public Company Accounting Oversight Board
Mary R. "Nina" Henderson ~ Henderson Advisory, Former Corporate Vice President Bestfoods and President Bestfoods Grocery, Director/Audit and Investment Committee Member: CNO Financial Group and Director: Walter Energy Inc.
Frank R. Jimenez ~ General Counsel, Secretary and Managing Director, Government Affairs, Bunge Ltd.
Mark Kronforst ~ Associate Director (Disclosure Operations), United States Securities and Exchange Commission, Division of Corporate Finance
Daghan M. Or ~ Practice Fellow, Financial Accounting Standards Board
PLI makes every effort to accredit its On-Demand Web Programs and Segments. Please check the CLE Calculator above for CLE information specific to your state.
On-Demand Web Programs and Segments are approved in:
Alabama1, Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho*, Illinois , Iowa2*, Kansas, Kentucky*, Louisiana, Maine*, Mississippi, Missouri3, Montana, Nebraska, Nevada, New Hampshire4, New Jersey, New Mexico5, New York6, North Carolina7, North Dakota, Ohio8, Oklahoma9, Oregon*, Pennsylvania10, Rhode Island11, South Carolina, Tennessee12, Texas, Utah, Vermont, Virginia13, Washington, West Virginia, Wisconsin14 and Wyoming*.
Iowa, Mississippi, Oklahoma, and Wisconsin DO NOT approve Audio Only On-Demand Web Programs.
Minnesota approves live webcasts ONLY
Please Note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. PLI programs may qualify for credit based on the requirements outlined in the MCLE Regulations and Ariz. R. Sup. Ct. Rule 45.
*PLI will apply for credit upon request. Louisiana and New Hampshire: PLI will apply for credit upon request for audio-only on-demand web programs.
1Alabama: Approval of all web based programs is limited to a maximum of 6.0 credits.
2Iowa: The approval is for one year from recorded date. Does not approve of Audio-only On-Demand Webcasts.
3Missouri: On-demand web programs are restricted to six hours of self-study credit per year. Self-study may not be used to satisfy the ethics requirements. Self-study can not be used for carryover credit.
4New Hamphsire: The approval is for three years from recorded date.
5New Mexico: On-Demand web programs are restricted to 4.0 self-study credits per year.
6New York: Newly admitted attorneys may not take non-traditional course formats such as on-demand Web Programs or live Webcasts for CLE credit. Newly admitted attorneys not practicing law in the United States, however, may earn 12 transitional credits in non-traditional formats.
7North Carolina: A maximum of 4 credits per reporting period may be earned by participating in on-demand web programs.
8Ohio: To confirm that the web program has been approved, please refer to the list of Ohio’s Approved Self Study Activities at http://www.sconet.state.oh.us. Online programs are considered self-study. Ohio attorneys have a 6 credit self-study limit per compliance period. The Ohio CLE Board states that attorneys must have a 100% success rate in clicking on timestamps to receive ANY CLE credit for an online program.
9Oklahoma: Up to 6 credits may be earned each year through computer-based or technology-based legal education programs.
10Pennsylvania: PA attorneys may only receive a maximum of four (4) hours of distance learning credit per compliance period. All distance learning programs must be a minimum of 1 full hour.
11Rhode Island: Audio Only On-Demand Web Programs are not approved for credit. On-Demand Web Programs must have an audio and video component.
12Tennessee: The approval is for the calendar year in which the live program was presented.
13Virginia: All distance learning courses are to be done in an educational setting, free from distractions.
14Wisconsin: Ethics credit is not allowed. The ethics portion of the program will be approved for general credit. There is a 10 credit limit for on-demand web programs during every 2-year reporting period. Does not approve of Audio-only On-Demand Webcasts.
Running time and CLE credit hours are not necessarily the same. Please be aware that many states do not permit credit for luncheon and keynote speakers.
If you have already received credit for attending some or the entire program, please be aware that state administrators do not permit you to accrue additional credit for repeat viewing even if an additional credit certificate is subsequently issued.
Note that some states limit the number of credit hours attorneys may claim for online CLE activities, and state rules vary with regard to whether online CLE activities qualify for participatory or self-study credits. For more information, call Customer Service (800) 260-4PLI (4754) or e-mail info@pli.edu.