Welcome & Opening Remarks
8:45 – 9:00 AM

Regulatory Update: Latest Developments at the FDIC, Federal Reserve Board & the OCC Impacting Financial Reporting
9:00 – 10:15 AM
Following the November 2024 election and change in administration, the federal financial services regulatory agencies’ leadership, agendas and regulatory and supervisory priorities under the new administration have undergone significant changes. This session will discuss those changes to the agencies and potential impacts on the legal, financial reporting, and regulatory landscape across the banking industry.

Break
10:15 – 10:20 AM

PCAOB Update
10:20 – 11:20 AM
This session will examine the latest PCAOB changes and updates as they relate to the banking and financial services industry. We'll look at:
• PCAOB organization and structure
• Recent developments
• Inspection priorities
• Standard setting and rulemaking agendas
   – Recently completed projects
   – Research and rulemaking projects
   – Standard setting
   – Responsibilities of the auditor 
   – Quality control
   – Technology-assisted analysis

Break
11:20 – 11:25 AM

SEC Updates Including SEC Enforcement Issues
11:25 AM – 12:40 PM
In this session, we will provide you with up-to-the-minute information and guidance you need to successfully handle all of today’s most critical SEC enforcement and rulemaking issues impacting the banking and financial services industry. We will also discuss: 
• Developments of SEC rulemaking
• Changes to EDGAR filer access and account management
• Climate disclosure rules update
• Cybersecurity rules
• Compensation disclosure requirements
• Shareholder proposal rules and guidance
• Proxy process reforms
• Engagement guidance
• Foreign private issuers
• Crypto regulation
• Enforcement updates
• Environmental and social proposals
• Government proposals

Lunch
12:40 – 1:10 PM

The Digital Asset Industry
1:10 – 2:10 PM
After many years of skepticism, the digital asset industry is now being incorporated into the mainstream of the global financial world. More and more large companies have begun accepting cryptocurrency payments, and there is no indication that this trend won’t continue. In this session, we will discuss the origins of the digital asset industry as well as:
• Overview of bitcoin and crypto assets
   – Origins
   – Eliminating or reducing third parties
   – Terminology
   – How they work
• Storage
• Token examples
• Other digital asset categories
• Making money with crypto assets
• Basis tracking/accounting
   – Transaction outputs
   – Accounting programs and tracking trades

Break
2:10 – 2:15 PM

Accounting for & Auditing of Digital Assets
2:15 – 3:15 PM
The accounting treatment for a digital asset will ultimately be driven by the specific terms, forms, underlying rights, and obligations of the digital asset. Like other sections of the financial world, the banking industry must abide by industry-specific guidelines. This session will provide you with the latest updates, including:
• Key terminology
• Accounting for crypto assets pre and post ASU 2023-08
• Disclosure considerations
• Comparison of US GAAP vs. IFRS
• Examples of accounting for different crypto asset transactions
• Audit consideration
• Relevant literature and updates

Break
3:15 – 3:20 PM

Technical Accounting Update
3:20 – 4:20 PM
Now more than ever, financial professionals in the banking and financial services industry must remain aware of the latest changes to technical accounting. This session will catch you up on everything you need to know, including:
• Disaggregation of income statement expenses
• Reporting comprehensive income
• Amendments to SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 122
• Accounting acquirer determination
• Business combinations and asset purchases
• Share-based consideration payable to a customer

Closing Remarks
4:20 – 4:30 PM

Conference Ends
4:30 PM

Lauren Assaf-Holmes, Senior Associate Focused on ESG, Gibson Dunn

Jason Cabral, Partner, Gibson Dunn

William Calder, Chief Auditor, Deloitte

Mark DiMichael, Partner, Digital Asset Practice Leader, CitrinCooperman

Emily Fitts, Partner, Deloitte

Rachel Jackson, Associate, Gibson Dunn

Zohaib Qamar, Partner, Citrin Cooperman

Rosemary Spaziani, Partner, Gibson Dunn

Bill Witt, Director, Highspring

Lauren Assaf-Holmes, Senior Associate Focused on ESG, Gibson Dunn

Jason Cabral, Partner, Gibson Dunn

William Calder, Chief Auditor, Deloitte

Andee Chambers, Assurance Director at PwC

Mark DiMichael, Partner, Digital Asset Practice Leader, CitrinCooperman

Emily Fitts, Partner, Deloitte

Rachel Jackson, Associate, Gibson Dunn

Zohaib Qamar, Partner, Citrin Cooperman

Pooja Sehgal, Senior Manager, National Quality Organization, PwC

Rosemary Spaziani, Partner, Gibson Dunn

Bill Topel, National Industry GTM Leader at BDO Digital

Bill Witt, Director, Highspring

DETAILED LEARNING OBJECTIVES

• Identify the implications of ASU 2024-03 on income statement expense disaggregation

• Explain the fair value measurement requirements introduced in ASU 2023-08 for crypto assets

• Recognize the key features and regulatory purposes of central bank digital currencies (CBDCs)

• Distinguish between crypto asset categories such as stablecoins, NFTs, and DeFi tokens

• Describe how digital assets are accounted for under US GAAP prior to and after ASU 2023-08

• Assess audit challenges related to digital assets, including ownership and private key verification

• Recall disclosure requirements for significant crypto holdings under ASU 2023-08

• Explain how digital assets received in noncash transactions are reflected in cash flow statements

• Compare PCAOB standards AS 1000, AS 1105, and AS 2310 and their relevance to audit quality

• Identify the criteria for accounting acquirers in VIE structures under ASU 2025-03

• Discuss SEC cybersecurity disclosure requirements, including 8-K timing and Form 10-K governance disclosures

• Analyze the impact of staff attrition and EDGAR Next changes on SEC operations

• Describe the SEC’s approach to crypto regulation and Commissioner Peirce’s role

• Recall the PCAOB’s current standard-setting and enforcement priorities

• Explain disaggregation methodologies such as cost-incurred and expense-incurred bases

• Identify which crypto assets are in-scope or out-of-scope under ASU 2023-08

• Distinguish IFRS and GAAP accounting treatments for crypto assets held for sale

• Describe when forfeiture estimates should be included in share-based customer payments under ASU 2025-04

• Understand how fair value changes for crypto assets are recognized in financial statements

• Recall challenges in safeguarding crypto assets under ASU 2025-02 and SAB rescission impacts

• Recognize the role of ETFs and blockchain-based funds in gaining crypto exposure

• Identify the purpose of the PCAOB’s quality control standard QC 1000

• Discuss requirements for crypto accounting software in tracking cost basis and tax compliance

• Describe key features and use cases of self-custody wallets in the digital asset ecosystem

• Understand the concept and audit implications of cold storage for crypto assets

• Identify which entities are eligible to apply proportional amortization under ASU 2023-02

• Explain SEC enforcement trends, particularly targeting recidivist actors and gatekeepers

• Analyze business combination recognition and measurement dates in accordance with ASC 805

• Recall the FASB's objectives in updating accounting guidance related to digital assets

• Identify factors prompting revisions to the Foreign Private Issuer (FPI) definition under SEC proposals