Banking & Financial Services Accounting & Reporting Conference Self-Study Webinar

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