Seminar  Program

33rd Midyear SEC Reporting & FASB Forum


Select a Location:

Why You Should Attend

Make your CPE time count with a midyear update from current and former SEC staff and leading experts on GAAP, disclosure, and audit!  Attendees will learn about the standard-setting agendas of the FASB and PCAOB, how the tax legislation may impact your organization, as well as updates on rulemaking, interpretive guidance, frequent comments, and enforcement actions emanating from the SEC. FASB’s revenue, leases, financial instruments and CECL standards will be discussed in detail and our expert faculty will provide practical approaches to new and complex accounting and disclosure requirements.

 

What You Will Learn

  • Updates on rulemaking and interpretive guidance in the SEC’s Division of Corporation Finance, plus other hot topics in their comment process, including comments on the adoption of the revenue recognition standard
  • Office of the Chief Accountant frequent accounting consultation areas
  • The status of the SEC’s Disclosure Effectiveness project
  • Key accounting developments from the FASB: new accounting standards updates and updates in process
  • FASB’s leases standard and implementation challenges
  • Updates on tax legislation and how it could impact your organization
  • Financial instruments guidance and adoption issues
  • Update on pay ratio and other proxy items
  • Updates on PCAOB rulemaking, including the new audit report and the likely effects on auditors and their clients, and starting the discussion on critical audit matters (CAMs) for disclosures next year

 

Who Should Attend

SEC reporting professionals, including those involved in the preparation of financial statements, 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 the Instructions to Forms, and Regulations S-K and S-X. 

 

Preparation: None

 

Level of Knowledge: Overview


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. - 5:15 p.m.

8:00 Welcome and Program Overview

8:10 Current Developments in the SEC’s Division of Corporation Finance
  • Capital formation and updates on recent rulemaking and interpretive activity
  • Status of Disclosure Effectiveness, including financial disclosures about other entities
  • Staff focus areas, including:
    • Goodwill
    • Share-based compensation
    • Segments – identification, disclosure, and ICFR
    • Statement of Cash Flow – restatements and ICFR concerns
    • The implementation of the revenue recognition standard
    • SAB 74 disclosure
    • Non-GAAP
    • Financial Reporting Manual – Reporting Issues Related to Adoption of New Accounting Standards


10:20 Networking Break

10:35 Revenue Recognition – Post Implementation Issues and Fine Tuning
  • Issues in monitoring implementation of this new principles-based model
  • Observations from the transition period
  • Issues, disclosure insights and details after quarter one
  • Systems and controls considerations
  • SEC observations and public remarks
  • Early messages from SEC comment letters


12:15 Networking Lunch

1:15 MD&A Disclosure – Now and the Future
  • The impact of adopting the new revenue standard on MD&A
  • Will the PCAOB’s new Auditor Reporting Standard impact MD&A
  • Current SEC Staff focus areas
  • Potential legislation and its impact on the discussion


2:30 Networking Break

2:45 Impairments – A Refresh of the Accounting and Fair Value for Intangibles
  • Goodwill
  • Long-lived assets
  • Intangibles
  • And more


4:00 Staying Out of Trouble: SEC Enforcement Results for FY 2017 –What Will 2018 Bring?
  • Enforcement priorities
  • Recent financial cases and their impact
  • Whistleblowers and gatekeepers still in the spotlight
  • FCPAdevelopments

 

5:15 Adjourn

 

Cocktail Reception



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

8:00 FASB Update
  • Understanding the implications of the provisions of the tax reform law, including:
    • Domestic and international provisions
    • Repatriation
    • And more
  • Recently completed ASUs, including:
    • Financial Instruments – classification, measurement, credit losses and a new TRG
    • Clarifying the definition of a business
    • Credit losses (CECL)
    • Targeted Improvements
  • Technical Agenda with broad and narrow projects, such as Simplification
  • FASB’s EITF update focus on the Statement of Cash Flows, and more


10:00 Networking Break

10:15 Current Developments in the SEC’s Office of the Chief Accountant
  • SAB 118
  • Implementing new standards
  • Reinforcing the reliability and credibility of financial reporting
  • New internal controls
  • Audit Committee involvement
  • Recent accounting consultations addressed by OCA
  • What’s keeping the Professional Practice Group busy?
    • New Audit Report
    • Independence


11:30 Pay Ratio and Other Proxy Items Are Ripe for the Spring – What Else Do We Need to Know?
  • Lessons from the first year of pay ratio disclosure
  • Executive compensation disclosures
  • Other proxy matters
  • Audit Committee Report – best practices


12:30 Networking Lunch

1:30 Lease Accounting – Traveling the Last Miles
  • Using your understanding of the provisions of ASC 842
  • Pointers for building your lease inventory
  • Building systems and controls to maintain your lease inventory
  • Identifying the significant volume of data needed
  • Which parts of your company must be involved and what resources are necessary?
  • IT considerations 
  • Getting the classification and accounting right


2:45 Networking Break

3:00 PCAOB Update – Focus on the Audit Report
  • What will the audit report look like? More disclosures, including tenure, other auditors and more
    • Auditor’s reporting model
    • CAMs -- Critical Audit Matters
  • New PCAOB, what can we expect?
  • The latest Staff Alerts and their impact on the audit
  • The latest Staff Inspection Briefs
  • Review of recent standards issued and their impact on issuers
  • Standard-setting projects on the horizon, such as:
    • Use of the Work of Specialists
    • Auditing Accounting Estimates and Fair Value Measurements

 

4:15 Adjourn



Co-Chair(s)
Cheryl L. Linthicum, PhD, CPA, CMA ~ Professor of Accounting and Associate Dean, College of Business, The University of Texas at San Antonio
Carol A. Stacey, MSA, CPA ~ Director, SEC Institute, a Division of PLI
Speaker(s)
Kit Addleman ~ Haynes & Boone, LLP
Kristofer E Anderson ~ Principal, Transaction Advisory Services, Ernst & Young LLP
Adam L. Brown ~ Partner and National Director of Accounting, BDO USA, LLP
Marty Dunn ~ Morrison & Foerster LLP
Moe Malik ~ Audit Senior Manager, Deloitte & Touche LLP
Ronald W. Maples ~ Managing Director, Maple Tree Accounting
Carlton Tartar ~ Associate Chief Accountant, Office of the Chief Accountant, US Securities and Exchange Commission
Jason Waldie ~ Deals Partner, Capital Markets Accounting Advisory Services , PricewaterhouseCoopers LLP
Matt J. White ~ Senior Manager, Financial Accounting Advisory Services, Ernst & Young
George M. Wilson, MBA, CPA ~ Director, SEC Institute, a Division of PLI
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI

Seminar and Hotel Accommodations

The Fairmont Hotel, 1717 N. Akard Street, Dallas, TX 75201.  A block of rooms has been reserved for this prorgam. Please contact reservations at 1-866-540-4427 and mention PLI- 33rd Mid Year SEC FASB.  The cut off date for the preferred rate is April 25th, 2018. 

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 “live” credit. There is no limit to the number of credits an attorney can earn via live 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:  All SEC Institute products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

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.

Australia (CPD-AUS):  SEC Institute’s live seminars qualify as “live” credit in all Australian jurisdictions. There is no limit to the number of credits an attorney can earn via live seminars.


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 plicredits@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 plicredits@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.

SHRM Recertification (SHRM):  SEC Institute’s live seminars qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

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.

Certified Anti-Money Laundering Specialists (CAMS):  SEC Institute’s live seminars may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  SEC Institute’s live seminars may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  SEC Institute’s live seminars may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  SEC Institute’s live seminars may fulfill CFP credit requirements.

 

Why You Should Attend

Make your CPE time count with a midyear update from current and former SEC staff and leading experts on GAAP, disclosure, and audit!  Attendees will learn about the standard-setting agendas of the FASB and PCAOB, how the tax legislation may impact your organization, as well as updates on rulemaking, interpretive guidance, frequent comments, and enforcement actions emanating from the SEC. FASB’s revenue, leases, financial instruments and CECL standards will be discussed in detail and our expert faculty will provide practical approaches to new and complex accounting and disclosure requirements.

 

What You Will Learn

  • Updates on rulemaking and interpretive guidance in the SEC’s Division of Corporation Finance, plus other hot topics in their comment process, including comments on the adoption of the revenue recognition standard
  • Office of the Chief Accountant frequent accounting consultation areas
  • The status of the SEC’s Disclosure Effectiveness project
  • Key accounting developments from the FASB: new accounting standards updates and updates in process
  • FASB’s leases standard and implementation challenges
  • Updates on tax legislation and how it could impact your organization
  • Financial instruments guidance and adoption issues
  • Update on pay ratio and other proxy items
  • Updates on PCAOB rulemaking, including the new audit report and the likely effects on auditors and their clients, and starting the discussion on critical audit matters (CAMs) for disclosures next year

 

Who Should Attend

SEC reporting professionals, including those involved in the preparation of financial statements, 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 the Instructions to Forms, and Regulations S-K and S-X. 

 

Preparation: None

 

Level of Knowledge: Overview


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. - 5:15 p.m.

8:00 Welcome and Program Overview

8:10 Current Developments in the SEC’s Division of Corporation Finance
  • Capital formation and updates on recent rulemaking and interpretive activity
  • Status of Disclosure Effectiveness, including financial disclosures about other entities
  • Staff focus areas, including:
    • Goodwill
    • Share-based compensation
    • Segments – identification, disclosure, and ICFR
    • Statement of Cash Flow – restatements and ICFR concerns
    • The implementation of the revenue recognition standard
    • SAB 74 disclosure
    • Non-GAAP
    • Financial Reporting Manual – Reporting Issues Related to Adoption of New Accounting Standards


10:20 Networking Break

10:35 Revenue Recognition – Post Implementation Issues and Fine Tuning
  • Issues in monitoring implementation of this new principles-based model
  • Observations from the transition period
  • Issues, disclosure insights and details after quarter one
  • Systems and controls considerations
  • SEC observations and public remarks
  • Early messages from SEC comment letters


12:15 Networking Lunch

1:15 MD&A Disclosure – Now and the Future
  • The impact of adopting the new revenue standard on MD&A
  • Will the PCAOB’s new Auditor Reporting Standard impact MD&A
  • Current SEC Staff focus areas
  • Potential legislation and its impact on the discussion


2:30 Networking Break

2:45 Impairments – A Refresh of the Accounting and Fair Value for Intangibles
  • Goodwill
  • Long-lived assets
  • Intangibles
  • And more


4:00 Staying Out of Trouble: SEC Enforcement Results for FY 2017 –What Will 2018 Bring?
  • Enforcement priorities
  • Recent financial cases and their impact
  • Whistleblowers and gatekeepers still in the spotlight
  • FCPAdevelopments

 

5:15 Adjourn

 

Cocktail Reception



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

8:00 FASB Update
  • Understanding the implications of the provisions of the tax reform law, including:
    • Domestic and international provisions
    • Repatriation
    • And more
  • Recently completed ASUs, including:
    • Financial Instruments – classification, measurement, credit losses and a new TRG
    • Clarifying the definition of a business
    • Credit losses (CECL)
    • Targeted Improvements
  • Technical Agenda with broad and narrow projects, such as Simplification
  • FASB’s EITF update focus on the Statement of Cash Flows, and more


10:00 Networking Break

10:15 Current Developments in the SEC’s Office of the Chief Accountant
  • SAB 118
  • Implementing new standards
  • Reinforcing the reliability and credibility of financial reporting
  • New internal controls
  • Audit Committee involvement
  • Recent accounting consultations addressed by OCA
  • What’s keeping the Professional Practice Group busy?
    • New Audit Report
    • Independence


11:30 Pay Ratio and Other Proxy Items Are Ripe for the Spring – What Else Do We Need to Know?
  • Lessons from the first year of pay ratio disclosure
  • Executive compensation disclosures
  • Other proxy matters
  • Audit Committee Report – best practices


12:30 Networking Lunch

1:30 Lease Accounting – Traveling the Last Miles
  • Using your understanding of the provisions of ASC 842
  • Pointers for building your lease inventory
  • Building systems and controls to maintain your lease inventory
  • Identifying the significant volume of data needed
  • Which parts of your company must be involved and what resources are necessary?
  • IT considerations 
  • Getting the classification and accounting right


2:45 Networking Break

3:00 PCAOB Update – Focus on the Audit Report
  • What will the audit report look like? More disclosures, including tenure, other auditors and more
    • Auditor’s reporting model
    • CAMs -- Critical Audit Matters
  • New PCAOB, what can we expect?
  • The latest Staff Alerts and their impact on the audit
  • The latest Staff Inspection Briefs
  • Review of recent standards issued and their impact on issuers
  • Standard-setting projects on the horizon, such as:
    • Use of the Work of Specialists
    • Auditing Accounting Estimates and Fair Value Measurements

 

4:15 Adjourn



Co-Chair(s)
Katherine M. Gill-Charest ~ Senior Vice President, Controller & CAO, Viacom Inc
Carol A. Stacey, MSA, CPA ~ Director, SEC Institute, a Division of PLI
Speaker(s)
Catherine T. Dixon ~ Weil, Gotshal & Manges LLP
Marty Dunn ~ Morrison & Foerster LLP
Katherine U. Hurley ~ Senior Manager, National Professional Services Group , PwC
Rahim Ismail ~ Professional Accounting Fellow, U.S. Securities and Exchange Commission
David M. Lynn ~ Jenner & Block LLP
Susan Goetz Markel ~ Managing Director, Alix Partners LLP
Christine Mazor ~ Partner, Deloitte
Paul Munter ~ Senior Partner, KPMG LLP
PJ Patel ~ Co-CEO, Valuation Research Corporation
Bella Rivshin ~ Assistant Chief Auditor, Public Company Accounting Oversight Board (PCAOB)
Charles Sapnas ~ Senior Vice President, Valuation Research Corporation
Daniel Slayton ~ Deals Partner, PwC
Andrew Winters ~ Deloitte
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI
New York Seminar Location and Hotel Accommodations

Marriott Marquis, 1535 Broadway, New York, NY 10036.  A block of rooms has been reserved for this program.  Please call 1-877-303-0104 and mention PLI SECI Mid Year Forum.  The cut off date for the preferred rate is May 11th, 2018.

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 “live” credit. There is no limit to the number of credits an attorney can earn via live 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:  All SEC Institute products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

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.

Australia (CPD-AUS):  SEC Institute’s live seminars qualify as “live” credit in all Australian jurisdictions. There is no limit to the number of credits an attorney can earn via live seminars.


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 plicredits@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 plicredits@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.

SHRM Recertification (SHRM):  SEC Institute’s live seminars qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

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.

Certified Anti-Money Laundering Specialists (CAMS):  SEC Institute’s live seminars may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  SEC Institute’s live seminars may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  SEC Institute’s live seminars may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  SEC Institute’s live seminars may fulfill CFP credit requirements.

 

Why You Should Attend

Make your CPE time count with a midyear update from current and former SEC staff and leading experts on GAAP, disclosure, and audit!  Attendees will learn about the standard-setting agendas of the FASB and PCAOB, how the tax legislation may impact your organization, as well as updates on rulemaking, interpretive guidance, frequent comments, and enforcement actions emanating from the SEC. FASB’s revenue, leases, financial instruments and CECL standards will be discussed in detail and our expert faculty will provide practical approaches to new and complex accounting and disclosure requirements.

 

What You Will Learn

  • Updates on rulemaking and interpretive guidance in the SEC’s Division of Corporation Finance, plus other hot topics in their comment process, including comments on the adoption of the revenue recognition standard
  • Office of the Chief Accountant frequent accounting consultation areas
  • The status of the SEC’s Disclosure Effectiveness project
  • Key accounting developments from the FASB: new accounting standards updates and updates in process
  • FASB’s leases standard and implementation challenges
  • Updates on tax legislation and how it could impact your organization
  • Financial instruments guidance and adoption issues
  • Update on pay ratio and other proxy items
  • Updates on PCAOB rulemaking, including the new audit report and the likely effects on auditors and their clients, and starting the discussion on critical audit matters (CAMs) for disclosures next year

 

Who Should Attend

SEC reporting professionals, including those involved in the preparation of financial statements, 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 the Instructions to Forms, and Regulations S-K and S-X. 

 

Preparation: None

 

Level of Knowledge: Overview


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. - 5:15 p.m.

8:00 Welcome and Program Overview

8:10 Current Developments in the SEC’s Division of Corporation Finance
  • Capital formation and updates on recent rulemaking and interpretive activity
  • Status of Disclosure Effectiveness, including financial disclosures about other entities
  • Staff focus areas, including:
    • Goodwill
    • Share-based compensation
    • Segments – identification, disclosure, and ICFR
    • Statement of Cash Flow – restatements and ICFR concerns
    • The implementation of the revenue recognition standard
    • SAB 74 disclosure
    • Non-GAAP
    • Financial Reporting Manual – Reporting Issues Related to Adoption of New Accounting Standards


10:20 Networking Break

10:35 Revenue Recognition – Post Implementation Issues and Fine Tuning
  • Issues in monitoring implementation of this new principles-based model
  • Observations from the transition period
  • Issues, disclosure insights and details after quarter one
  • Systems and controls considerations
  • SEC observations and public remarks
  • Early messages from SEC comment letters


12:15 Networking Lunch

1:15 MD&A Disclosure – Now and the Future
  • The impact of adopting the new revenue standard on MD&A
  • Will the PCAOB’s new Auditor Reporting Standard impact MD&A
  • Current SEC Staff focus areas
  • Potential legislation and its impact on the discussion


2:30 Networking Break

2:45 Impairments – A Refresh of the Accounting and Fair Value for Intangibles
  • Goodwill
  • Long-lived assets
  • Intangibles
  • And more


4:00 Staying Out of Trouble: SEC Enforcement Results for FY 2017 –What Will 2018 Bring?
  • Enforcement priorities
  • Recent financial cases and their impact
  • Whistleblowers and gatekeepers still in the spotlight
  • FCPAdevelopments

 

5:15 Adjourn

 

Cocktail Reception



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

8:00 FASB Update
  • Understanding the implications of the provisions of the tax reform law, including:
    • Domestic and international provisions
    • Repatriation
    • And more
  • Recently completed ASUs, including:
    • Financial Instruments – classification, measurement, credit losses and a new TRG
    • Clarifying the definition of a business
    • Credit losses (CECL)
    • Targeted Improvements
  • Technical Agenda with broad and narrow projects, such as Simplification
  • FASB’s EITF update focus on the Statement of Cash Flows, and more


10:00 Networking Break

10:15 Current Developments in the SEC’s Office of the Chief Accountant
  • SAB 118
  • Implementing new standards
  • Reinforcing the reliability and credibility of financial reporting
  • New internal controls
  • Audit Committee involvement
  • Recent accounting consultations addressed by OCA
  • What’s keeping the Professional Practice Group busy?
    • New Audit Report
    • Independence


11:30 Pay Ratio and Other Proxy Items Are Ripe for the Spring – What Else Do We Need to Know?
  • Lessons from the first year of pay ratio disclosure
  • Executive compensation disclosures
  • Other proxy matters
  • Audit Committee Report – best practices


12:30 Networking Lunch

1:30 Lease Accounting – Traveling the Last Miles
  • Using your understanding of the provisions of ASC 842
  • Pointers for building your lease inventory
  • Building systems and controls to maintain your lease inventory
  • Identifying the significant volume of data needed
  • Which parts of your company must be involved and what resources are necessary?
  • IT considerations 
  • Getting the classification and accounting right


2:45 Networking Break

3:00 PCAOB Update – Focus on the Audit Report
  • What will the audit report look like? More disclosures, including tenure, other auditors and more
    • Auditor’s reporting model
    • CAMs -- Critical Audit Matters
  • New PCAOB, what can we expect?
  • The latest Staff Alerts and their impact on the audit
  • The latest Staff Inspection Briefs
  • Review of recent standards issued and their impact on issuers
  • Standard-setting projects on the horizon, such as:
    • Use of the Work of Specialists
    • Auditing Accounting Estimates and Fair Value Measurements

 

4:15 Adjourn



Co-Chair(s)
Katherine M. Gill-Charest ~ Senior Vice President, Controller & CAO, Viacom Inc
Carol A. Stacey, MSA, CPA ~ Director, SEC Institute, a Division of PLI
Speaker(s)
Catherine T. Dixon ~ Weil, Gotshal & Manges LLP
Marty Dunn ~ Morrison & Foerster LLP
Katherine U. Hurley ~ Senior Manager, National Professional Services Group , PwC
Rahim Ismail ~ Professional Accounting Fellow, U.S. Securities and Exchange Commission
David M. Lynn ~ Jenner & Block LLP
Susan Goetz Markel ~ Managing Director, Alix Partners LLP
Christine Mazor ~ Partner, Deloitte
Paul Munter ~ Senior Partner, KPMG LLP
PJ Patel ~ Co-CEO, Valuation Research Corporation
Bella Rivshin ~ Assistant Chief Auditor, Public Company Accounting Oversight Board (PCAOB)
Charles Sapnas ~ Senior Vice President, Valuation Research Corporation
Daniel Slayton ~ Deals Partner, PwC
Andrew Winters ~ Deloitte
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI
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.

SEC Institute’s live and on-demand webcasts are single-user license products intended for an individual registrant only. Credit will be issued only to the individual registered. If two or more individuals wish to participate in a webcast and receive credit, PLI would be happy to provide a Groupcast – group viewing of a webcast. To schedule a Groupcast, please contact PLI at groupcasts@pli.edu.


U.S. MCLE States

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

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 webcasts 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 webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

California:  SEC Institute’s live webcasts 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 webcasts qualify as “eCLE” credit. Attorneys are limited to 12 credits of eCLE per reporting period.

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 webcasts qualify as “in-house” credit. Attorneys are limited to 6 in-house credits per reporting period.

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 webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

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 webcasts qualify as “distance education” credit. Attorneys are limited to 9 credits of distance education per reporting period.

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

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

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

Louisiana:  SEC Institute’s live webcasts qualify as “self-study” credit. Attorneys are limited to 4 credits of self-study per reporting period.

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

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

Mississippi:  SEC Institute’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

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

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

Nebraska:  SEC Institute’s live webcasts qualify as “computer-based learning” credit. Attorneys are limited to 5 credits of computer-based learning per reporting period.

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

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

New Jersey:  SEC Institute’s live webcasts qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

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

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 webcasts can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live webcasts. Skills credits may not be earned via live webcasts.

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

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

Ohio:  SEC Institute’s live webcasts qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

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

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 webcasts qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Puerto Rico:  SEC Institute’s live webcasts qualify as “non-traditional” credit. Attorneys are limited to 8 credits of non-traditional programs per reporting period.

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

South Carolina:  SEC Institute’s live webcasts qualify as “alternatively delivered” credit. Attorneys are limited to 6 credits of alternatively delivered programs per reporting period.

Tennessee:  SEC Institute’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 8 credits of distance learning per reporting period.

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 webcasts qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

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

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 webcasts 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 webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

West Virginia:  SEC Institute’s live webcasts qualify as “online” credit. Attorneys are limited to 12 credits of online instruction per reporting period.

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

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


CPD Jurisdictions

British Columbia (CPD-BC):  SEC Institute’s live webcasts 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 webcasts 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 webcasts can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  SEC Institute’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 15 points of distance learning programs per reporting period.

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

Australia (CPD-AUS):  SEC Institute’s live webcasts may fulfill Australia’s CPD requirements. Credit limits for live webcasts vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.


Other Credit Types

CPE Credit (NASBA):  SEC Institute’s live webcasts qualify as “Group-Internet-Based” (GIB) credit.

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

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

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

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

SHRM Recertification (SHRM):  SEC Institute’s live webcasts qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

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

Certified Anti-Money Laundering Specialists (CAMS):  SEC Institute’s live webcasts may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  SEC Institute’s live webcasts may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  SEC Institute’s live webcasts may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  SEC Institute’s live webcasts may fulfill CFP credit requirements.

 


Why You Should Attend

Make your CPE time count with a midyear update from current and former SEC staff and leading experts on GAAP, disclosure, and audit!  Attendees will learn about the standard-setting agendas of the FASB and PCAOB, how the tax legislation may impact your organization, as well as updates on rulemaking, interpretive guidance, frequent comments, and enforcement actions emanating from the SEC. FASB’s revenue, leases, financial instruments and CECL standards will be discussed in detail and our expert faculty will provide practical approaches to new and complex accounting and disclosure requirements.

 

What You Will Learn

  • Updates on rulemaking and interpretive guidance in the SEC’s Division of Corporation Finance, plus other hot topics in their comment process, including comments on the adoption of the revenue recognition standard
  • Office of the Chief Accountant frequent accounting consultation areas
  • The status of the SEC’s Disclosure Effectiveness project
  • Key accounting developments from the FASB: new accounting standards updates and updates in process
  • FASB’s leases standard and implementation challenges
  • Updates on tax legislation and how it could impact your organization
  • Financial instruments guidance and adoption issues
  • Update on pay ratio and other proxy items
  • Updates on PCAOB rulemaking, including the new audit report and the likely effects on auditors and their clients, and starting the discussion on critical audit matters (CAMs) for disclosures next year

 

Who Should Attend

SEC reporting professionals, including those involved in the preparation of financial statements, 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 the Instructions to Forms, and Regulations S-K and S-X. 

 

Preparation: None

 

Level of Knowledge: Overview


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. - 5:15 p.m.

8:00 Welcome and Program Overview

8:10 Current Developments in the SEC’s Division of Corporation Finance
  • Capital formation and updates on recent rulemaking and interpretive activity
  • Status of Disclosure Effectiveness, including financial disclosures about other entities
  • Staff focus areas, including:
    • Goodwill
    • Share-based compensation
    • Segments – identification, disclosure, and ICFR
    • Statement of Cash Flow – restatements and ICFR concerns
    • The implementation of the revenue recognition standard
    • SAB 74 disclosure
    • Non-GAAP
    • Financial Reporting Manual – Reporting Issues Related to Adoption of New Accounting Standards


10:20 Networking Break

10:35 Revenue Recognition – Post Implementation Issues and Fine Tuning
  • Issues in monitoring implementation of this new principles-based model
  • Observations from the transition period
  • Issues, disclosure insights and details after quarter one
  • Systems and controls considerations
  • SEC observations and public remarks
  • Early messages from SEC comment letters


12:15 Networking Lunch

  • The impact of adopting the new revenue standard on MD&A
  • Will the PCAOB’s new Auditor Reporting Standard impact MD&A
  • Current SEC Staff focus areas
  • Potential legislation and its impact on the discussion


2:30 Networking Break

2:45 Impairments – A Refresh of the Accounting and Fair Value for Intangibles
  • Goodwill
  • Long-lived assets
  • Intangibles
  • And more


4:00 Staying Out of Trouble: SEC Enforcement Results for FY 2017 –What Will 2018 Bring?
  • Enforcement priorities
  • Recent financial cases and their impact
  • Whistleblowers and gatekeepers still in the spotlight
  • FCPAdevelopments

 

5:15 Adjourn

 

Cocktail Reception



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

8:00 FASB Update
  • Understanding the implications of the provisions of the tax reform law, including:
    • Domestic and international provisions
    • Repatriation
    • And more
  • Recently completed ASUs, including:
    • Financial Instruments – classification, measurement, credit losses and a new TRG
    • Clarifying the definition of a business
    • Credit losses (CECL)
    • Targeted Improvements
  • Technical Agenda with broad and narrow projects, such as Simplification
  • FASB’s EITF update focus on the Statement of Cash Flows, and more


10:00 Networking Break

10:15 Current Developments in the SEC’s Office of the Chief Accountant
  • SAB 118
  • Implementing new standards
  • Reinforcing the reliability and credibility of financial reporting
  • New internal controls
  • Audit Committee involvement
  • Recent accounting consultations addressed by OCA
  • What’s keeping the Professional Practice Group busy?
    • New Audit Report
    • Independence


11:30 Pay Ratio and Other Proxy Items Are Ripe for the Spring – What Else Do We Need to Know?
  • Lessons from the first year of pay ratio disclosure
  • Executive compensation disclosures
  • Other proxy matters
  • Audit Committee Report – best practices


12:30 Networking Lunch

1:30 Lease Accounting – Traveling the Last Miles
  • Using your understanding of the provisions of ASC 842
  • Pointers for building your lease inventory
  • Building systems and controls to maintain your lease inventory
  • Identifying the significant volume of data needed
  • Which parts of your company must be involved and what resources are necessary?
  • IT considerations 
  • Getting the classification and accounting right


2:45 Networking Break

3:00 PCAOB Update – Focus on the Audit Report
  • What will the audit report look like? More disclosures, including tenure, other auditors and more
    • Auditor’s reporting model
    • CAMs -- Critical Audit Matters
  • New PCAOB, what can we expect?
  • The latest Staff Alerts and their impact on the audit
  • The latest Staff Inspection Briefs
  • Review of recent standards issued and their impact on issuers
  • Standard-setting projects on the horizon, such as:
    • Use of the Work of Specialists
    • Auditing Accounting Estimates and Fair Value Measurements

 

4:15 Adjourn



Co-Chair(s)
Bob Laux ~ North American Lead, International Integrated Reporting Council
Carol A. Stacey, MSA, CPA ~ Director, SEC Institute, a Division of PLI
Speaker(s)
Christina Edwall ~ Business Tax Services, Senior Manager, Deloitte Tax LLP
Marc J. Fagel ~ Gibson Dunn & Crutcher LLP
Paula Hamric ~ Senior Manager- National SEC Department, BDO USA, LLP
Sean May ~ U.S. Securities and Exchange Commission
Andrew Pidgeon ~ Professional Accounting Fellow, U.S. Securities and Exchange Commission
Erin Schneider ~ Associate Regional Director, Enforcement, U.S. Securities and Exchange Commission
Douglas K Schnell ~ Partner, Wilson Sonsini Goodrich & Rosati
Chad Soares ~ Partner, PwC
Jeff Tchir ~ Director of Revenue Accounting, Silver Spring Networks, Inc.
Andrew D. Thorpe ~ Orrick Herrington & Sutcliffe LLP
Michael W Tully ~ Principal, Valuation & Business Modeling, KPMG
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI
Seminar & Hotel Accommodations

Westin St Francis, 335 Powell Street, San Francisco, CA 94012. A block of rooms has been reserved for this prorgam.  Please call reservations at 1-800-937-8461 and reference PLI and the name of the program.  The cut off date for the preferred rate is May 24, 2018.

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 “live” credit. There is no limit to the number of credits an attorney can earn via live 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:  All SEC Institute products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

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.

Australia (CPD-AUS):  SEC Institute’s live seminars qualify as “live” credit in all Australian jurisdictions. There is no limit to the number of credits an attorney can earn via live seminars.


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 plicredits@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 plicredits@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.

SHRM Recertification (SHRM):  SEC Institute’s live seminars qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

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.

Certified Anti-Money Laundering Specialists (CAMS):  SEC Institute’s live seminars may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  SEC Institute’s live seminars may fulfill SW CPE credit requirements.

American Bankers Association Professional Certification (ABA):  SEC Institute’s live seminars may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  SEC Institute’s live seminars may fulfill CFP credit requirements.

 

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