Banking & Financial Services Accounting & Reporting Virtual Conference

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

Regulatory Update: Latest Developments at the FDIC, Federal Reserve Board, and 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

Technical Accounting Update
10:20 – 11:20 AM
Now more than ever, financial professionals in the banking and financial services industry must remain aware of the latest changes to technical accounting. Many new standards became finalized for year-end Public Business Entities, and Non-Public Business Entities will soon follow. This session will catch you up on everything you need to know, as well as discuss relevant active projects, including:
• Standard Setting Update
• Segment Reporting
• Measures of a Segment's Profit or Loss
• Improvements to Income Tax Disclosures
• Accounting for and Disclosure of Software Costs
• Purchased Financial Assets

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
• Disclosures Regarding Risk Management Strategy and Governance
• Disclosing Material Cybersecurity Incidents
• Climate Rules Update
• California Senate Bills (253, 261, and 1305)
• International Sustainability Standards Board (ISSB)
• Recent Enforcement Actions
• Proxy Season Overview and Notes

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:
• The Importance of Blockchain Technology and How it is Used
• Different Types of Crypto Assets
• Questions Regarding Storage 
• Token Examples
• Other Digital Asset Categories
• Non-Fungible Tokens (NFTs)
• Accounting and Tracking

Break
2:10 – 2:15 PM

Accounting for & Auditing of Digital Assets
2:15 – 3:15 PM
The FASB has released new accounting guidelines dealing with digital assets known as Fair Value Accounting. As a result, financial professionals are quickly playing catchup to understand the accounting and auditing issues related to important new technologies such as cryptography and blockchain. In this session, an expert will address:
• Fundamentals of Distributed Ledger Technology
• Accounting for Crypto Assets Before and After ASU 2023-08
• Disclosure Considerations
• Comparison of US GAAP vs. IFRS
• Examples of Accounting for Different Crypto Asset Transactions
• Audit Considerations
• Relevant Literature and Updates

Break
3:15 – 3:20 PM

PCAOB Update
3:20 – 4:20 PM
This session will examine the latest PCAOB changes and updates as they relate to the banking and financial services industry. We'll look at:
• Inspection Results and Status
• Audit Deficiencies
• Inspection Priorities
• New Standards and Rules
• Audit Engagement
• Financial Statement Areas—Revenue, Related Party Transactions, Going Concern, Expenses, Accruals, Fair-Value Measurements, and Receivables and Payables
• Supplemental Information—Customer Protection Rule, Net Capital Rule
• Quality Control Systems
• Proposal on NOCLAR
• Recent Regulatory Actions and Sanctions

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

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