As we continue to see many new regulations from the SEC, PCAOB, CFTC and financial institution regulators, 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 in this new and rapidly changing environment. An expert faculty of public company directors who have served on audit committees, lawyers and CPAs who advise audit committees, and government regulators who oversee the audit and financial reporting processes 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 06:08:10]
Segments with an asterisk (*) are available only with the purchase of the entire program.
- Opening Remarks and Introduction* [00:02:27]
Catherine L. Bromilow, John F. Olson, Gene A. Capello
- What's So Hard About Compliance Anyway? [01:04:35]
Vincente L. Martinez, Jeffery D. Williams, Frank R. Jimenez, Alison T. Conn, Debra Wong Yang, Gene A. Capello
- Risk Issues that Keep Audit Committee Members Awake at Night [01:02:20]
Frank R. Jimenez, Mary "Nina" R. Henderson, Michael R. Young, Gene A. Capello, Debra Wong Yang
- PCAOB Developments: What's Happening in the Auditing Arena? [01:00:43]
Catherine L. Bromilow, Linda L. Griggs, Michael J. Gallagher, Jay D. Hanson
- SEC Developments: What Audit Committees Should Be Focusing on Today [01:01:59]
John F. Olson, Michael J. Gallagher, Jay D. Hanson, Mark Kronforst
- Financial Reporting: How to Educate the Audit Committee [00:58:28]
Catherine L. Bromilow, Teresa E. Iannaconi, Susan M. Cosper, Mark Kronforst
- Ethics Issues for Audit Committees and Their Advisors [00:57:38]
John F. Olson, Peter J. Beshar, Debra Wong Yang, Michael R. Young
The purchase price of this Web Program includes the following articles from the Course Handbook available online:
- Part 165--Whistleblower Rules
Vincente L. Martinez
- Continuing the Conversation, Directors Speak--Top Concerns: Whistleblower Bounty, CEO Succession Planning, Say on Pay, and IT Risk, Winter 2012, Issue 2
Catherine L. Bromilow
- U.S. SEC Adopts Final Rules Implementing Whistleblower Provisions of Dodd-Frank
John F. Olson
- 2012 Current Developments for Directors: Finding Direction in Uncertain Times, pp. 3-8 (Preparing for a Brave New Emerging World)
Catherine L. Bromilow
- Old Data Learns New Tricks: Managing Patient Privacy and Security on a New Data-Sharing Playground, Health Research Institute, September 2011
Catherine L. Bromilow
- Boards and a Social Networking-Driven Future, NACD Directorship, September 2011, by Bob Zukis
Catherine L. Bromilow
- PwC Comment Letter Re: PCAOB Rulemaking Docket Matter No. 37, Concept Release on Auditor Independence and Audit Firm Rotation, 14 December 2011
Catherine L. Bromilow
- BoardroomDirect: Update on Current Board Issues--Winter 2012
Catherine L. Bromilow
- 2012 Current Developments for Directors: Finding Direction in Uncertain Times, pp. 19-23 (Regulatory Developments)
Catherine L. Bromilow
- Summary of Recent Standard-Setting and Related Rulemaking Activities and Guidance of the Public Company Accounting Oversight Board, April 2012
Linda L. Griggs
- Recent Work of the Public Company Accounting Oversight Board, 2011 and the First Quarter of 2012, April 20, 2012
Jay D. Hanson
- Selected Recent Developments in U.S. Securities Laws and Corporate Finance, As of April 2, 2012
John F. Olson, Stephen I. Glover, Brian J Lane, Jonathan C. Dickey, James J. Moloney, Ronald O. Mueller, Amy L. Goodman, Gillian McPhee, Bradford P. Weirick, Paul J. Collins, Peter W. Wardle, Scott J. Calfas, Elizabeth A. Ising
- Setting the Standard: A Spotlight on the FASB's and IASB's Projects, March 29, 2012
Catherine L. Bromilow
- Point of View: The Path Forward for International Standards in the United States, Considering Possible Alternatives, October 2011
Catherine L. Bromilow
- The Quarter Close: A Look at This Quarter's Financial Reporting Issues, Directors Edition, March 22, 2012
Catherine L. Bromilow
- Key Questions for Audit Committees, 2011-2012 Edition
Catherine L. Bromilow
- Quarterly Outlook, March 2012
Teresa E. Iannaconi
- Issues in-Depth, January 2012, No. 12-1, Boards Revise Joint Revenue Recognition Exposure Draft
Teresa E. Iannaconi
- Defining Issues, November 2011, No. 11-64, SEC Issues Reports on IFRS Application and Differences with U.S. GAAP
Teresa E. Iannaconi
- Defining Issues, March 2012, No. 12-7, FASB and IASB Reconsider Views on Lessee Accounting
Teresa E. Iannaconi
- Defining Issues, December 2011, No. 11-68, Boards Make Progress on Impairment Model for Financial Assets
Teresa E. Iannaconi
- Audit Committee Checklist and Compliance Timeline, Updated April 23, 2012
John F. Olson
- U.S. v. Stevens, 771 F. Supp. 556 (D. MD. 2011)
John F. Olson
- U.S. vs. Stevens, Criminal Action: RWT-10-694 (D. MD. May 10, 2011), Transcript of Jury Trial Proceeding, Judgment of Acquittal
John F. Olson
- Speech by SEC Staff: Remarks to Criminal Law Group of the UJA-Federation of New York, by Robert S. Khuzami, Director, Division of Enforcement, U.S. Securities and Exchange Commission, New York City, June 1, 2011
John F. Olson
- Index to Audit Committee Workshop 2012
Presentation Material
- Regulatory and Compliance Committee
Gene A. Capello
- Mandatory Audit Firm Rotation
Catherine L. Bromilow
- The quarter close: A look at this quarter’s financial reporting issues
Catherine L. Bromilow
- Ethics Issues for Audit Committees and Their Advisors
John F. Olson
- Turning Point: Ethics Issues for Audit Committees and Their Advisors
John F. Olson
Co-Chair(s)
Speaker(s)
Peter J. Beshar ~ Executive Vice President and General Counsel, Marsh & McLennan Companies Inc.
Alison T. Conn ~ Assistant Regional Director, Securities and Exchange Commission, New York Regional Division
Susan M. Cosper ~ Technical Director and Chairman of the Emerging Issues Task Force, Financial Accounting Standards Board
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
Vincente L Martinez ~ Chief, Office of Market Intelligence, US Securities and Exchange Commission
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.