Conference, Conference / Seminar, Financial Reporting and Analysis, Global Passport, Virtual Events & Programming

What’s New in U.S. Financial Reporting?

May 25, 2023 | 8:30 AM - 4:00 PM

Share Event

Loading Events

Wait! A Note on Registration:

We’ve launched Cvent—our new events platform!

Registration for any event with a start date after Sept. 28 now requires a CFA Institute account.

I don’t have a CFA Institute account

  • No problem! You’ll have the chance to create one prior to registration.

I already have a CFA Institute account

  • Great! Be sure to use your existing credentials at registration.
Cvent Transition Guide

Overview

Our annual update on financial reporting provides a review of (1) new accounting standards that are becoming effective within the next 12 months and (2) proposed accounting standards for which exposure drafts have been issued with comments being sought from the user community. It is an opportunity to stay up to speed on changes in accounting standards and financial reporting in a single session.

Agenda

8:55 AM | WELCOMING REMARKS


9:00 AM | OVERVIEW OF FASB’S WORK PROGRAM AND NEWLY EFFECTIVE STANDARDS

Moderator

PJ Patel, CFA, CEO, Valuation Research Corporation

Panelists

Frederick L. Cannon, CFA, Board Member, FASB

Pat Durbin, Partner, PwC


9:45 AM | IMPROVEMENTS TO INCOME TAX DISCLOSURES

Moderator

TBD

Panelists

Frederick L. Cannon CFA, Board Member, FASB

David Gonzales, VP – Senior Accounting Analyst, Moody’s Investors Service


10:15 AM | DISAGGREGATION OF INCOME STATEMENT EXPENSES

Frederick L. Cannon. CFA, Board Member, FASB

Stephen P. Percoco, CFA, Founder, Lark Research


10:45 AM | BREAK


11:00 AM | SUPPLIER FINANCING ARRANGEMENTS

Moderator

Bruce Pounder, CPA, CMA, CFM Executive Director, GAAP Lab

Panelists 

Gary Buesser, CFA, Board Member, FASB

David Gonzales, VP – Senior Accounting Analyst, Moody’s Investors Service


11:30 AM | ACCOUNTING FOR LONG DURATION INSURANCE CONTRACTS

Moderator

Michael C Fruchter, FSA, CFA, VP Senior Credit Officer, Moody’s Investors Service

Panelists 

Gary Buesser, CFA, Board Member, FASB

Ryan Krueger, CFA, Managing Director, Equity Research, Keefe, Bruyette & Woods, Inc.


12:00 PM | LUNCH


1:00 PM | THE FINANCIAL REPORTING LANDSCAPE

Moderator

TBD

Panelists 

Jackson Day, Partner and EY Americas Director of Accounting and Chief Accountant, Ernst & Young LLP


1:30 PM | XBRL

Moderator

Mohini Singh, ACA, Governance Insights Center & Public Policy, PwC

Panelists 

Campbell Pryde, President and CEO, XBRL US


2:00 PM | AUDITING AND AUDIT COMMITTEE PANEL

Moderator

TBD

Panelists 

Vanessa Teitelbaum, CPA, Senior Director, Professional Practice, Center for Audit Quality

Barbara Vanich, CPA, Chief Auditor and Director of Professional Standards, PCAOB


2:45 PM | THE VIEW FROM THE SEC

Sarah Lowe, CPA Deputy Chief Accountant, Division of Corporation Finance, U.S. SEC


3:30 PM | CLOSING REMARKS


3:35 PM | NETWORKING RECEPTION

Additional Details

Learning Outcomes

  • Learn about new accounting standards (or modifications to existing standards) that are becoming effective over the next 12 months
  • Hear about proposed changes to existing accounting standards and gain the opportunity to participate in the discussion by submitting a comment letter to the FASB; and
  • Get an update on the FASB’s work program to follow the course of proposed changes to accounting and financial reporting standards over the next few years.