Financial Reporting Conference for Business Executives

Sarah Woodman, Global events journalist
April 29, 2011 /

The 10th Annual Financial Reporting Conference will be held on May 5, 2011 in Baruch College, New York.

The conference will serve as a forum for interaction between business and accounting executives and policy setters from the Public Company Accounting Oversight Board, US Securities and Exchange Commission and the Financial Accounting Standards Board.

Topics to be tackled are current developments in the SEC, financial instruments, current developments in the private sector and revenue recognition and leases.

In discussing present developments in the SEC, the panel is expected present the very concerns of regulators in Washington.

Also, in discussing current developments in the private sector, leaders in accounting and financial reporting are expected to offer their insights about critical areas of current interest to the business community.

Under revenue recognition and leases, major changes from FASB and IASB are expected to revise today’s model by discussing controversial plans, including the move to fair value.

The keynote address will be given by James Doty, the chairman of Public Company Accounting Oversight Board (PCAOB).

Financial Accounting Standards Board (FASB) Chairman Leslie Seidman and Securities and Exchange Commission (SEC) Chief Accountant James Kroeker is also expected to present in the forum.

PCAOB is a private-sector, non-profit corporation created by the Sarbanes–Oxley Act that oversees the auditors of public companies. Its stated purpose is to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.

SEC is an independent federal agency that oversees the exchange of securities to protect investors.

FASB is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP).

The conference is equivalent to 9 CPE credits.

 

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