On-Demand   On-Demand Web Programs

Audit Committees and Financial Reporting 2014: Recent Developments and Current Issues

Released on: Jul. 4, 2014
Running Time: 06:11:45

Running Time Segment Title Faculty Format
[01:08:13] SEC Developments You Need to Know About Jay D. Hanson ~ Board Member, Public Company Accounting Oversight Board
John F. Olson ~ Gibson, Dunn & Crutcher LLP
Donald T. Nicolaisen ~ Independent Director, Verizon, MGIC Investment Corp., Zurich Insurance Group, Morgan Stanley
Michael J. Gallagher ~ Managing Partner, Assurance Quality, PricewaterhouseCoopers
Mark Kronforst ~ Chief Accountant, Division of Corporation Finance, U.S. Securities and Exchange Commission, Division of Corporate Finance
On-Demand MP3 MP4
[00:58:31] PCAOB Developments: What's Happening in the Auditing Arena Jay D. Hanson ~ Board Member, Public Company Accounting Oversight Board
Joan Amble ~ JCA Consulting, LLC
Cynthia M Fornelli ~ Executive Director, Center for Audit Quality
Linda L. Griggs ~ Morgan, Lewis & Bockius LLP
Michael J. Gallagher ~ Managing Partner, Assurance Quality, PricewaterhouseCoopers
On-Demand MP3 MP4
[01:01:12] How Audit Committees and Companies Communicate to Investors: New Expectations Jay D. Hanson ~ Board Member, Public Company Accounting Oversight Board
Joan Amble ~ JCA Consulting, LLC
John F. Olson ~ Gibson, Dunn & Crutcher LLP
Cynthia M Fornelli ~ Executive Director, Center for Audit Quality
J. Michael Cook ~ Director: Comcast Corporation, International Flavors & Fragrances, Retired, Chairman and Chief Executive Officer, Deloitte & Touche LLP
Linda L. Griggs ~ Morgan, Lewis & Bockius LLP
On-Demand MP3 MP4
[01:00:37] Financial Reporting Developments: What Audit Committees Need to Know Linda L. Griggs ~ Morgan, Lewis & Bockius LLP
Donald T. Nicolaisen ~ Independent Director, Verizon, MGIC Investment Corp., Zurich Insurance Group, Morgan Stanley
Catherine L. Bromilow ~ Partner, Center for Board Governance, PwC
On-Demand MP3 MP4
[01:00:33] Risk Management & Compliance: What Audit Committees Need to Know Gene A Capello ~ Attorney-at-Law
J. Michael Cook ~ Director: Comcast Corporation, International Flavors & Fragrances, Retired, Chairman and Chief Executive Officer, Deloitte & Touche LLP
Debra Wong Yang ~ Gibson, Dunn & Crutcher LLP
Frank R Jimenez ~ General Counsel, Secretary and Managing Director, Government Affairs, Bunge Ltd.
On-Demand MP3 MP4
[00:59:08] Ethical Challenges for Audit Committees and Their Adviors: Look Out... the SEC and DOJ are Watching Michael R. Young ~ Willkie Farr & Gallagher LLP
John F. Olson ~ Gibson, Dunn & Crutcher LLP
Peter J. Beshar ~ Executive Vice President and General Counsel, Marsh & McLennan Companies, Inc.
Debra Wong Yang ~ Gibson, Dunn & Crutcher LLP
On-Demand MP3 MP4

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 06:11:45]

Segments with an asterisk (*) are available only with the purchase of the entire program.

  • Opening Remarks and Introduction * [00:03:31]
    Catherine L. Bromilow, Linda L. Griggs, John F. Olson
  • SEC Developments You Need to Know About [01:08:13]
    John F. Olson, Michael J. Gallagher, Jay D. Hanson, Mark Kronforst, Donald T. Nicolaisen
  • PCAOB Developments: What's Happening in the Auditing Arena [00:58:31]
    Linda L. Griggs, Michael J. Gallagher, Jay D. Hanson, Joan Amble, Cynthia M Fornelli
  • How Audit Committees and Companies Communicate to Investors: New Expectations [01:01:12]
    Linda L. Griggs, John F. Olson, Joan Amble, Cynthia M Fornelli, J. Michael Cook, Jay D. Hanson
  • Financial Reporting Developments: What Audit Committees Need to Know [01:00:37]
    Catherine L. Bromilow, Linda L. Griggs, Donald T. Nicolaisen
  • Risk Management & Compliance: What Audit Committees Need to Know [01:00:33]
    J. Michael Cook, Gene A. Capello, Frank R. Jimenez, Debra Wong Yang
  • Ethical Challenges for Audit Committees and Their Adviors: Look Out... the SEC and DOJ are Watching [00:59:08]
    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:

  • Selected Recent Developments in U.S. Securities Laws and Corporate Finance (April 1, 2014)
    Amy L. Goodman, Brian J Lane, Elizabeth A. Ising, Gillian McPhee, James J. Moloney, John F. Olson, Jonathan C. Dickey, Michael J. Scanlon, Paul J Collins, Peter W Wardle, Ronald O. Mueller, Stephen I. Glover
  • Reform of the EU Statutory Audit Market—Frequently Asked Questions
    Jay D. Hanson
  • Recent Work of the Public Company Accounting Oversight Board: 2013 and the First Part of 2014
    Jay D. Hanson
  • BoardroomDirect: PCAOB Proposes Rule Requiring Disclosure of the Lead Audit Partner’s Name (December 24, 2013)
    Catherine L. Bromilow
  • In Brief: An Overview of Financial Reporting Developments: PCAOB Proposes Significant Changes to the Auditor’s Report
    Catherine L. Bromilow
  • Comment Letter Dated December 11, 2013, Submitted by PwC on PCAOB Rulemaking Docket Matter No. 034, Proposed Auditing Standards—The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion
    Linda L. Griggs
  • Comment Letters Date December 18, 2013, Submitted by J. Michael Cook, Chair of the Audit Committee of Comcast Corporation, and Comcast Corporation on PCAOB Rulemaking Docket Matter No. 034
    Linda L. Griggs
  • Comment Letter Dated September 30, 2011, Submitted by the Center for Audit Quality on PCAOB Rulemaking Docket Matter No. 34, Request for Public Comment: Concept Release on Possible Revisions to PCAOB Standards Related to Reports on Audited Financial State
    Linda L. Griggs
  • Comment Letter Dated December 11, 2013, Submitted by the Center for Audit Quality Re: PCAOB Rulemaking Docket Matter No. 034: Proposed Auditing Standards on the Auditor’s Report and the Auditor’s Responsibilities Regarding Other Information
    Linda L. Griggs
  • PCAOB Public Meeting on the Auditor’s Reporting Model (April 3, 2014)
  • Enhancing the Audit Committee Report: A Call to Action
    Linda L. Griggs
  • Audit Committee Essentials: The Annual Auditor Assessment
    Linda L. Griggs
  • Comment Letter Dated May 13, 2013, Submitted by the Center for Audit Quality Related to Audit Quality Indicators
    Linda L. Griggs
  • Guide to PCAOB Inspections (October 2012)
    Linda L. Griggs
  • CAQ Approach to Audit Quality Indicators
    Linda L. Griggs
  • SEC Speaks (February 22, 2014) (PowerPoint Slides)
    Linda L. Griggs
  • The PCAOB’s New Role
    Linda L. Griggs
  • Financial Reporting and the Law Blog
    Linda L. Griggs
  • Audit Committee Excellence Series: Achieving Excellence: Assessing the Company’s Forward-Looking Guidance Practices and the Potential Risks of Consensus Estimates
    Catherine L. Bromilow
  • BoardroomDirect: The Audit Committee Report: An Opportunity to Enhance Communication with Stakeholders
    Catherine L. Bromilow
  • Director Dialogue with Shareholders—What You Need to Consider
    Catherine L. Bromilow
  • Key Considerations For Board and Audit Committee Members: Stakeholder Communications: Deciding When to Engage and Whether to Expand the Audit Committee Report (2013–2014 Edition)
    Catherine L. Bromilow
  • Update on the FASB’s Going Concern Project
    Daghan M. Or
  • Considerations for Public Company Directors in the 2014 Proxy Season and Beyond (January 13, 2014)
    John F. Olson
  • Regulatory and Standard-Setting Developments: Financial Accounting Standards Board
    Catherine L. Bromilow
  • Regulatory and Standard-Setting Developments: Public Company Accounting Oversight Board
    Catherine L. Bromilow
  • Regulatory and Standard-Setting Developments: Securities and Exchange Commission
    Catherine L. Bromilow
  • Regulatory and Standard-Setting Developments: Public Company Accounting Oversight Board
    Catherine L. Bromilow
  • Dataline: Highlights of the 2013 AICPA National Conference on Current SEC and PCAOB Developments
    Catherine L. Bromilow
  • Key Considerations for Board and Audit Committee Members: The Financials: Keying in on Complex Accounting, and Keeping Up with Standard Setters and Regulators
    Catherine L. Bromilow
  • BoardroomDirect: FASB Issues Private Company Alternatives for Goodwill and Certain Interest Rate Swaps
    Catherine L. Bromilow
  • Audit Committee Checklist and Compliance Timeline (April 8, 2014)
    John Olson
  • The Board and Risk Management
    Michael R. Young
  • Financial Fraud Prevention and Detection: Getting Back to Audit Committee Basics
    Michael R. Young
  • BoardroomDirect: The Latest on Cybersecurity (February 27, 2014)
    Catherine L. Bromilow
  • BoardroomDirect: SEC Chief Accountant to Audit Committees: Audit Quality Top Priority
    Catherine L. Bromilow
  • Boards Confront an Evolving Landscape: Strategy, Risk Management and Regulatory and Governance Environment
    Catherine L. Bromilow
  • Key Considerations for Board and Audit Committee Members: Risk Oversight: Focusing on Cybersecurity and Third Parties
    Catherine L. Bromilow
  • Ethical Dilemmas for Disclosure Lawyers: Summary of Selected SEC Cases Involving Disclosure Lawyers
    John F. Olson
  • NYCLA Committee on Professional Ethics Formal Opinion 746 (October 7, 2013)
    John F. Olson
  • Lawson et al. v. FMR LLC et al.: Certiorari to the United States Court of Appeals for the First Circuit
    John F. Olson
  • Key Considerations for Board and Audit Committee Members: Corporate Ethics: Gauging the Compliance Atmosphere
    Catherine L. Bromilow

Presentation Material

  • Ethical Challenges for Audit Committees
    John F. Olson
Co-Chair(s)
Catherine L. Bromilow ~ Partner, Center for Board Governance, PwC
Linda L. Griggs ~ Morgan, Lewis & Bockius LLP
John F. Olson ~ Gibson, Dunn & Crutcher LLP
Speaker(s)
Joan Amble ~ JCA Consulting, LLC
Peter J. Beshar ~ Executive Vice President and General Counsel, Marsh & McLennan Companies, Inc.
Gene A. Capello ~ Attorney-at-Law
J. Michael Cook ~ Director: Comcast Corporation, International Flavors & Fragrances, Retired, Chairman and Chief Executive Officer, Deloitte & Touche LLP
Cynthia M Fornelli ~ Executive Director, Center for Audit Quality
Michael J. Gallagher ~ Managing Partner, Assurance Quality, PricewaterhouseCoopers
Jay D. Hanson ~ Board Member, Public Company Accounting Oversight Board
Frank R. Jimenez ~ General Counsel, Secretary and Managing Director, Government Affairs, Bunge Ltd.
Mark Kronforst ~ Chief Accountant, Division of Corporation Finance, U.S. Securities and Exchange Commission, Division of Corporate Finance
Donald T. Nicolaisen ~ Independent Director, Verizon, MGIC Investment Corp., Zurich Insurance Group, Morgan Stanley
Daghan M. Or ~ Partner, National Professional Services Group, PwC
Debra Wong Yang ~ Gibson, Dunn & Crutcher LLP
Michael R. Young ~ Willkie Farr & Gallagher LLP

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