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.

Don’t miss the latest accounting and reporting issues that affect SEC reporting entities and their auditors. You’ll also benefit at the conference from interactive learning experiences and numerous networking opportunities.

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)

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, Center for Audit Quality

9:00am – 9:30am           3. Keynote Address – SEC

9:30am – 10:00am         4. Keynote Address – PCAOB

10:00am – 10:20am       Refreshment Break       

10:20am – 10:50am       5. Remarks of the SEC Chief Accountant
           
10:50am – 11:40am       6. Remarks of the SEC Deputy Chief Accountants         

11:40am – 12:30pm       7. OCA – Current Projects

12:30pm – 1:40pm         Luncheon         

1:40pm – 2:20pm          8. OCA Current Projects - Q&A

2:20pm – 3:10pm          9. Developments in the Division of Corporation Finance - Part I

3:10pm – 3:30pm          Refreshment Break       

3:30pm – 4:00pm          10. PCAOB Standard Setting Update
Martin Baumann, Chief Auditor, PCAOB

4:00pm – 5:30pm          11. End of Day Q&A

5:30pm – 6:30 pm          Reception

Tuesday, December 8, 2009 – Day Two

7:00am – 8:00am           Registration/Continental Breakfast Opens

8:00am – 9:00am           12. IASB/International Accounting Update
Patrick Finnegan, IASB
James Leisenring, IASB            

9:00am – 9:30am           13. International Accounting Q&A session
Patrick Finnegan, IASB
James Leisenring, IASB

9:30am – 9:50am           Refreshment Break       

9:50am – 11:20 am        14. Developments in the Division of Corporation Finance - Part II
           
11:20am – 12:00pm       15. XBRL Panel and Q&A
Joel Levine, SEC          

12:00pm – 1:10pm         Luncheon         

1:10pm – 1:40pm          16. FASB Chair Address
Robert Herz, Chairman, FASB    

1:40pm – 2:30pm          17. Major FASB & EITF Projects
Russell Golden, FASB  

2:30pm – 3:30pm          18. SEC Enforcement Update

3:30pm - 3:50pm           Refreshment Break       

3:50pm – 4:20 pm         19. NASBA Enforcement Initiatives
Billy M. Atkinson Jr., NASBA Board Chairman (eff. 11/09)           

4:20 pm - 5:30pm          20. End of Day Q&A Panel

Wednesday, December 9, 2009 – Day Three

7:00am – 8:00am           Registration/Continental Breakfast Opens

8:00am – 8:40am           21. Status of the Economy/Effects of the Bailout          

8:40am – 10:10am         22. Fair Value/Valuation

10:10am – 10:30am       Refreshment Break       

10:30am – 11:40am       23. Revenue Recognition
Russell Hodge, GE
Tom LaFollette, Apple, Inc.
Mike MacClean, Biogen Idec, Inc.

Join these panelists who 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       24. Consolidations (FAS 140/ FIN 46R)  

This session will provide an overview of recent changes to the consolidation model introduced by FAS 167, and 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)         
                       
25. PCAOB Inspection and Enforcement Update

Hear about issues and initiatives impacting audit firms and their clients.  

26. International Reporting Issues & IFRS Implementation

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)         

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

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

4:30pm   Conference Adjourns

Live conference:
Marriott Wardman Park Hotel
2660 Woodley Road, NW
Washington, DC 20008
Hotel Phone: (202) 328-2983
Hotel Reservations:  (888) 236-2427
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