AICPA National Conference on Current SEC and PCAOB Developments

Obtain the latest and most comprehensive SEC and PCAOB updates directly from the regulators at the AICPA National Conference on Current SEC and PCAOB Developments.

Speakers and Panelists include:

• SEC Commissioner Elisse B. Walter
• Daniel Goelzer, Acting Chairman, PCAOB
• Patrick Finnegan, IASB
• James Leisenring, IASB    
• Robert Herz, Chair, FASB
• Billy M. Atkinson Jr., NASBA Board Chairman   
• Evan Sussholz, SEC
• Cynthia Fornelli, CAQ Executive Director
• Martin Baumann, Chief Auditor, PCAOB
• Jim Kroeker, SEC Chief Accountant
• Don Charles, Ernst & Young
• Terry Cooper, GE
• And More!

Don’t miss the latest accounting and reporting issues that affect SEC reporting entities.

Please note: In addition to this live event in Washington, DC, this program will also be available via simulcast. 

New York, NY
Dallas, TX
San Francisco, CA
Chicago, IL

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Sunday, December 6, 2009
2:30pm – 7:00pm          Registration (Washington, DC location only)

3:30pm – 5:10pm          Optional Workshop – Best Practices for Working with the SEC Staff (additional fee)

Monday, December 7, 2009 – Day One
7:00am – 8:30am           Registration/Continental Breakfast Opens

8:30am - 8:45am           
1.  AICPA Welcome Address
Robert R Harris, AICPA Chair

8:45am – 9:00am          
2. Center for Audit Quality Welcome Address
Cynthia Fornelli, CAQ Executive Director

9:00am -9:30am            
3. Remarks of the SEC Chief Accountant
Jim Kroeker, SEC

9:30am - 10:20am         
4. Remarks of the SEC Deputy Chief Accountants
Paul Beswick, SEC
Julie Erhardt, SEC

10:20am - 10:40am        Refreshment Break

10:40am – 11:30am      
5. OCA – Current Projects
Doug Besch
Brian Fields
Josh Forgione
Doug Parker
Allison Patti
Evan Sussholz
Arie Wilgenburg

11:30am – 12:20pm      
6. OCA Current Projects - Q&A

12:20pm – 1:30pm         Luncheon         

1:30 pm – 2:20 pm       
7. Developments in the Division of Corporation Finance - Part I
Meredith Cross, Director
Wayne Carnall, Chief Accountant

2:20 pm - 2:50 pm         8. Keynote Address – PCAOB
Daniel Goelzer, Acting Chairman, PCAOB

2:50pm – 3:20pm          9. PCAOB Standard Setting Update
Martin Baumann, Chief Auditor, PCAOB

3:20pm – 3:40pm          Refreshment Break

3:40pm - 5:30pm           10. End of Day Q&A
Panelists:  Martin Baumann, PCAOB
Paul Beswick, SEC
Wayne Carnall, Division of Corporation Finance
Julie Erhardt, SEC

5:30pm - 6:30pm           Reception  

Tuesday, December 8, 2009 – Day Two
7:00am - 8:00am            Registration/Continental Breakfast Opens          
8:00am-9:00am             
11. IASB/International Accounting Update
Patrick Finnegan, IASB
James Leisenring, IASB     
       
9:00am – 9:30am          
12. International Accounting Q&A session
Patrick Finnegan, IASB
James Leisenring, IASB

9:30am – 9:50am           Refreshment Break  
     
9:50am – 11:20am        
13. Developments in the Division of Corporation Finance - Part II
Wayne Carnall
Craig Olinger
Mark Kronforst
Angela Crane
Jill Davis
Michael Fay
Steven Jacobs

11:20am – 12:00pm      
14. XBRL Panel and Q&A
Joel Levine, SEC  
        
12:00pm - 1:10pm         Luncheon      
   
1:10pm – 1:40pm         
15. FASB Chair Address
Robert Herz, Chair, FASB

1:40pm – 2:30pm         
16. Major FASB & EITF Projects
Russell Golden, Technical Director, FASB   
       
2:30pm – 3:30pm         
17. SEC Enforcement Update
Robert Khuzami, Director, SEC

3:30pm - 3:50pm           Refreshment Break    
   
3:50pm – 4:20 pm        
18. NASBA Enforcement Initiatives
Billy M. Atkinson Jr., NASBA Board Chairman    

4:20 pm - 5:30pm         
19. End of Day Q&A
Panelists: Jay Hanson, AcSEC;
Robert Herz, FASB
Wayne Carnall, Division of Corporation Finance
Shelly Luisi
Jennifer Minke-Girard
Craig Olinger, Division of Corporation Finance

Wednesday, December 9, 2009 – Day Three

7:00am-8:00am              Registration/Continental Breakfast

8:00am - 8:40am           
20. Keynote Address:  SEC
SEC Commissioner Elisse B. Walter

8:40am-10:10am           
21. Fair Value/Valuation
Kris Anderson, FASB
Don Charles, Ernst & Young
Terry Cooper, GE
Evan Sussholz, SEC

Panelists will discuss recent developments related to the application and use of fair value in financial reporting. Standard setting, regulatory, preparer and valuation perspectives will be provided. Areas of focus will include financial assets, the impact of the economic environment and convergence initiatives related to fair value. Panelists also will discuss disclosures and their impact on fair value analyses.

10:10am - 10:30am        Refreshment Break       

10:30am-11:40am         
22. Revenue Recognition
Russell Hodge, GE
Tom LaFollette, Apple, Inc.
Mike MacClean, Biogen Idec, Inc.

Panelists will provide insight into potential changes in revenue recognition related to three recent EITF issues: allocating revenue to multiple deliverables in an arrangement; determining when software-enabled devices should be accounted for as software; and applying the milestone method. The FASB and IASB’s preliminary views related to their major revenue recognition project will also be discussed.         

11:40am- 12:40pm        
23. Consolidations
Tom Barbieri, PricewaterhouseCoopers
Mark Heil, Micron Tech
Christopher Roberge, FASB
Kimberly Scardino, American Express

This session will provide an overview of recent changes to consolidation model introduced by FAS 167, but also some of the key implementation challenges that impact both preparers and auditors. 

12:40pm - 1:40pm         Luncheon         

1:40pm - 3:00pm           Concurrent Sessions (Select One)         

24. PCAOB Inspection and Enforcement Update
Inspection: George Diacont, Director, Registration and Inspections
Walt Miles, Deputy Director
George Botic, National Office Associate Director, Small Firms
Enforcement: Claudius B. Modesti, Director, Enforcement and Investigations
Jarett B. Decker, Deputy Director, Chief Trial Counsel
Kyra C. Armstrong, Deputy Director, Attorney
Raymond J. Hamm, Deputy Director, Accountant
Hear about issues and initiatives impacting audit firms and their clients.  

25. International Reporting Issues & IFRS Implementation
Arnie Hanish, Eli Lilly
Peter Lynn, Chevron
Craig Olinger, SEC
In the past year with the SEC’s issuance of its proposed IFRS Roadmap, the potential for adoption of IFRS by US companies has become more likely.  With more than 110 countries requiring or permitting IFRS or basing their standards on IFRS, a number of foreign registrants apply IFRS in their filings with the SEC.  So, what, if anything, should US companies be doing to prepare for adoption of IFRS?  Join this panel to discuss their views on:

• Latest financial reporting matters affecting foreign registrants
• Where the US is heading with the transition to IFRS
• The appropriate level of effort on an IFRS project plan, given the complexity of managing toward convergence of standards while concurrently planning for conversion without regulatory uncertainty
• What management and boards of directors are thinking in terms of preparedness in today’s economic environment when corporate priorities are cost savings and efficiency

3:00 pm – 3:10pm         Change Break   

3:10pm - 4:30 pm          Concurrent Sessions (Select One)     
    
26. Corporate Governance and MD&A
Brian Lane, Gibson Dunn
Barry Niziolek, DuPont

This panel discussion session will review current MD&A reporting and Corporate Governance issues based on recent SEC actions and related developments.  Hear from a preparer on its processes and challenges in light of recent developments, a securities attorney on providing guidance and a representative from the SEC on related areas of interest.

27. Smaller Registrant/Firm Initiatives
Cynthia Fornelli, Center for Audit Quality
Gerald LaPorte, SEC
Keith Wilson, PCAOB

Hear from the panelists about smaller reporting company and smaller audit firm outreach efforts and/or current initiatives targeting these constituents.

4:30pm                         Main Conference Adjourns

4:30pm – 5:30pm         
Bonus Post Con:  XBRL In-Depth (DC only - No Additional Fee)
Phase 2 under the SEC’s mandate is quickly approaching and for many companies the detail tagging of footnote disclosures to their financial statements is a new concept.   During this session, SEC representatives will provide practical tips for detail tagging of the footnote disclosures and will be available to answer your questions.   Join this session to help obtain the information that you will need to comply with the SEC’s requirements.

Live conference:
Marriott Wardman Park Hotel
2660 Woodley Road, NW
Washington, DC 20008
Hotel Phone: 800-228-9290
Hotel Reservations: 800-228-9290
Hotel Rate: $231 single/double
Hotel Reservation Cutoff Date: November 7, 2009

Please note:  The Marriott Wardman Park Hotel is easily accessible via the Metro Red Line, Woodley Park/National Zoo/Adams Morgan stop.

Please note that hotel reservations and conference registrations may be sold out prior to cutoff date