The Anti-Fraud Collaboration, of which Financial Executives International (FEI) is an active member, has organized an all-day workshop on Tuesday, June 21, at the St. Regis Hotel in San Francisco entitled SEC, PCAOB, and Peer Insights on ICFR and Accounting Policies. The issues that will be discussed at the workshop are extremely important for all members of the financial reporting supply chain, but especially for financial executives who play a critical role in accounting policy and risk management. This event is free for FEI members only and will qualify for CPE credits. Seating is limited.
The program is designed to generate a robust discussion about issues identified in SEC enforcement actions that may have been mitigated by strong ICFR and/or the development and application of appropriate accounting policies. The ultimate goal is to publish a report summarizing the highlights of the discussions and identifying leading practices that successful organizations have adopted to mitigate the risk of committing securities violations.
The day will kick off with a panel with regulators from the SEC Division of Enforcement and the Office of the Chief Accountant and the PCAOB Division of Enforcement and Investigations. They will discuss how they use data analytics to identify potential red flags that might indicate securities violations in public companies. It is a rare opportunity to hear firsthand how the regulators approach their jobs in an informal setting.
Leslie Seidman, former Chair of the FASB and a current member of FEI’s Board of Directors, will moderate a panel discussion about the financial reporting issues identified in the analysis of the enforcement releases (e.g., highly subjective and complex accounting issues; assessing staff competencies; and management override). There will also be a panel that includes an audit committee member, a preparer, a chief audit executive, and an external auditor. The panel discussions will tee up smaller breakout sessions which will permit the workshop participants the opportunity to delve further into the issues and suggest possible solutions.
The workshop will start at 9:00 am and end at 5:00 pm. Attendees will include participants evenly distributed across the financial reporting supply chain: finance execs, audit committee members, internal audit execs, and external auditors. Afterwards, there will be a networking reception.
To RSVP, click here.