Events
 

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

The CFA will provide their 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.
Start Date:
05/25/2023
Time:
9:00AM
Location:
Online
This event has already happened.

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

TBD

Panelists

PJ Patel, CFA, CEO, Valuation Research Corporation

Pat Durbin, Partner, PwC

Frederick L. Cannon, Board Member, FASB


9:45 AM | IMPROVEMENTS TO INCOME TAX DISCLOSURES

Frederick L. Cannon, Board Member, FASB


10:15 AM | DISAGGREGATION OF INCOME STATEMENT EXPENSES

Frederick L. Cannon, Board Member, FASB


10:45 AM | BREAK


11:00 AM | SUPPLIER FINANCING ARRANGEMENTS

Moderator

TBD

Panelists 

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

Gary Buesser, CFA, Board Member, FASB


11:30 AM | ACCOUNTING FOR LONG-TERM INSURANCE CONTRACTS

Moderator

TBD

Panelists 

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

Gary Buesser, CFA, Board Member, FASB


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 

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

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


2:45 PM | THE VIEW FROM THE SEC

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


3:30 PM | CLOSING REMARKS

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.

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