SPRING 2006

SEC and FASB REPORTING SYMPOSIUM

EXTEND YOUR LEARNING 

with these optional sessions

 Accounting for Pensions - (both locations)

Accounting for Stock-Based Compensation - (Chicago)

Obtain an up-to-the minute review of current activities at the SEC.Walk through significant staff interpretations that are critical to today’s financial reporting registrants. Topics covered will include:

• New and Proposed Rules and Accounting Pronouncements

• Expanded Form 8-K reporting

• Revenue Recognition Issues

• Restatements

• Attestation under 404

MARTIN F. HEALEY, Senior Trial Counsel

DONALD A. RYBA, Senior Staff Accountant

In this important session, discuss practical methods for managing risk, preventing civil and criminal liability and, in the worst-case scenario, reducing exposure to criminal penalties. This session will include suggestions for

• Adopting Corporate Governance Principles, including Special procedures for the Audit Committee to review auditor independence

• Suggestions and alternatives for the designated "Financial Expert" of the Audit Committee

• Creation of a Disclosure Committee to assist the CEO and CFO in making their certification of the financial statements • Creation of a Corporate Governance Committee to review conflicts of interest issues, set standards for directors and set standards for review of Board Performance 

• Creating tools to help directors implement new policies and procedures and document compliance

• Adopting a Code of Conduct that works

• Implementing Systems for detecting problems, reporting problems and remedying problems at the Operational Level

WARREN G. ANDERSEN

Assistant General Counsel

WILLIAM L. TOLBERT, Partner

Hear directly from the PCAOB the most recent update on auditing standards and other standards-setting activities. Obtain an overview of other board functions including observations from its registration, inspection, and enforcement activities.

JOANNE O’ROURKE HINDMAN

Special Advisor to Board Member Kayla Gillan

MARY SJOQUIST, Special Counsel

This session covers the new requirements of antifraud programs and controls including:

• Scope of “fraud”

• Necessity of active board oversight

• Fraud risk assessments

• Linking controls to fraud risks

• Monitoring and auditing for fraud

• Investigation and Remediation

MICHELE EDWARDS, Director

JOANNE LIU

 Manager, Fraud Risks and Controls

Get the latest on Statement 123(R), which now requires companies to expense the value of employee stock options in the income statement. Statement 123(R), an Amendment of FASB Statements No. 123 and 95, provides alternate methods for a voluntary charge to booking expense related to stock options. Find out the requirements for valuing and disclosing the expensing of options. Learn how the new rules require more prominent disclosures in annual and quarterly reports. In this important session, discover alternative long-term incentive vehicles that may be more viable now that options must be expensed.

MARTIN J. SOMELOFSKE

National Practice Leader Compensation Consulting

This important session focuses on the SEC's enforcement emphasis in the areas of revenue recognition and accounting misstatements. Learn about what the SEC looks for in prosecuting cases involving:

— revenue recognition

— excess reserves

— improper capitalization of expenses

Also, learn how the SEC has applied its guidelines regarding cooperation in real life cases.

MATTHEW G. BIALECKI, Senior Manager

COREY M. MARTENS, Senior Manager

JONATHAN A. SHAPIRO, Senior Partner

Tired of being surprised by new technical pronouncements at the last minute? Get an overview now of recent activities at the Financial Accounting Standards Board and the Emerging Issues Task Force and how they will impact your financial statements. Get ahead of the curve with some useful insights into current FASB projects that may impact your financial statements in the future.

• FASB Current Activities – A flurry of recently issued FASB Statements and FASB Staff Positions could impact your financial statements this year. Find out what you need to know now. 

• FASB Projects – Major changes in GAAP and financial statement presentations could be coming in the near future. Get an overview of what FASB is thinking now  to determine whether and how you may be impacted by major projects such as revenue recognition, liabilities and equity, business combinations, etc.

• EITF – Emerging issues are arising faster and more frequently than ever. Learn which ones might impact you.

LELAND E. GRAUL, Partner

and National SEC Director

Hear first hand how companies are improving their internal controls and the process by which they are monitored. Also learn what additional changes are likely to be enacted in the near term, and how enterprises are reacting to them. MELVIN C. BERG, Partner

PETER D. CHANT, Partner

Take part in this in-depth look at current issues that affect your company’s MD&A from both a legal and accounting perspective. Tackle your most frequently encountered concerns such as:

• Areas Most Scrutinized by the SEC

• What you Should and Should not say in Terms of Forward-looking Information

• Safe Harbor Rules

• Events and Uncertainties

• SEC Advice Concerning Liquidity

• Capital Resources and Off-Balance Sheet Arrangements

• Derivative Accounting for Non-Exchange Traded Contracts

• Critical Accounting SEC Policy Proposals

• Related Party Disclosure

DAVID E. BROWN, Partner

DAVID P. PORTER, Partner

Gain a better understanding of the IFRS rules including those related to hedge accounting and fair value. Go back to your office prepared for the important domestic and international ramifications of International Accounting Standards. Find out how they could dramatically affect the financial reporting of U.S. companies that own, are subsidiaries of, or have other relationships with foreign entities that are directly subject to an IFRS reporting requirement.

MARVIN “BUD” THOMAS JR.

National Technical Services Partner

Accounting fraud has become one of the highest priorities of the Enforcement Division of the SEC. This insider perspective will include a discussion of the types of accounting deficiencies that have led to SEC enforcement actions and examples of recent enforcement actions brought against officers and employees of public companies.

ROBERT J. BURSON

Senior Associate Regional Director

DAVID P. BERGERS

Assistant District Administrator

Boston District Office

BRIAN E. PASTUSZENSKI

Senior Partner

This session will highlight new developments and emerging issues in the area of business combinations. Topics covered include:

• Key aspects of the FASB’s business combination project (accounting for transaction fees, restructuring costs, etc.)

• Recent EITF guidance applicable to business combinations

• Current accounting and reporting “hot topics” for business combinations

PETER D. CHANT, Partner

DIANA DE ACETIS, Partner

4:45 ADJOURNMENT