transcript   Transcript

SEC Developments Audit Committee Members Need to Know About

Recorded on: Jun. 12, 2018
Running Time: 01:04:02

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Taken from the Web Program Audit Committees and Financial Reporting 2018: Recent Developments and Current Issues Recorded June 2018 in New York

SEC Developments Audit Committee Members Need to Know About [01:04:02]

• Current SEC financial reporting concerns – including internal controls
• Recurring issues identified in SEC reviews
• Disclosure effectiveness project update
• SEC guidance on tax reform: SAB 118
• The SEC staff’s observations on implementation of the revenue recognition standard
• Financial disclosure and accounting impacts of 2018 Commission updated cybersecurity guidance

Panel Leader: John F. Olson; Speakers: James L. Kroeker, Sagar Teotia, Joseph B. Ucuzoglu, Linda L. Griggs

The purchase price of this Web Program segment includes the following article from the Course Handbook available online:

  • Audit Committee Checklist and Compliance Timeline
    John F. Olson
  • SEC Proposes Amendments to Securities Regulations to Modernize and Simplify Disclosure (October 13, 2017)
    John F. Olson
  • Emily Childs, Eric Knachel, and Rob Moynihan, Deloitte, Heads Up, Volume 25, Issue 1, Observations from a Review of Public Filings by Early Adopters of the New Revenue Standard (January 22, 2018)
    John F. Olson
  • SEC Staff Accounting Bulletin No. 118, https://www.sec.gov/interps/account/staff-accounting-bulletin-118.htm
    John F. Olson
  • SEC Staff Provides Important Guidance for Disclosure and Accounting Implications of the Tax Cuts and Jobs Act—Practical Considerations for Reporting Companies (December 26, 2017)
    John F. Olson
  • Deloitte: Financial Reporting Alert 18-1—Frequently Asked Questions About Tax Reform (March 20, 2018)
    John F. Olson
  • SEC Release Nos. 33-10459; 34-82746, “Commission Statement and Guidance on Public Company Cybersecurity Disclosures” (February 26, 2018), https://www.sec.gov/rules/interp/2018/33-10459.pdf
    Linda L. Griggs
  • Wesley R. Bricker, Chief Accountant, Office of the Chief Accountant, Statement in Connection with the 2017 AICPA Conference on Current SEC and PCAOB Developments (December 4, 2017), https://www.sec.gov/news/speech/bricker-2017-12-04
    Linda L. Griggs
  • Wesley R. Bricker, Chief Accountant, U.S. Securities and Exchange Commission, Speech, Remarks before the Financial Executives International 36th Annual Current Financial Reporting Issues Conference: Effective Financial Reporting in a Period of Change (November 14, 2017)
    John F. Olson
  • Sagar Teotia, Deputy Chief Accountant, Speech, Addressing Implementation Matters to Improve Financial Reporting (September 21, 2017), https://www.sec.gov/news/speech/speech-teotia-2017-09-21
  • Ryan Wolfe, Senior Associate Chief Accountant, Office of the Chief Accountant, Speech, Remarks before the 2017 AICPA Conference on Current SEC and PCAOB Developments (December 4, 2107)
    John F. Olson
  • Michael P. Berrigan, Professional Accounting Fellow, Office of the Chief Accountant, Speech, Remarks before the 2017 AICPA Conference on Current SEC and PCAOB Developments (December 4, 2017)
    John F. Olson
  • SEC Comment Letters—Including Industry Insights (November 2017)
    Joseph B. Ucuzoglu
(s)
Linda L Griggs ~ Senior Counsel, Morgan, Lewis & Bockius LLP
James L. Kroeker ~ Vice Chairman, Financial Accounting Standards Board
John F. Olson ~ Gibson, Dunn & Crutcher LLP
Sagar S Teotia ~ Deputy Chief Accountant, Office of the Chief Accountant, U.S. Securities and Exchange Commission
Joseph B. Ucuzoglu ~ Chairman and Chief Executive Officer , Deloitte & Touche LLP
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