Banking & Financial Services Accounting & Reporting Virtual Conference

CONFERENCE AGENDA

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
Since the spring 2023 bank crisis, the federal banking agencies have proposed significant changes to the capital and long-term debt requirements for large banking organizations that are expected to have a meaningful impact on the operations (including financial reporting) of banks of all sizes. In particular, the capital rules would alter the capital treatment of unrealized losses on certain debt securities that banks hold as assets. This session will discuss these developments and their financial reporting impacts, as well as:
• Reporting Securities on Financial Statements
• Supervisory Matters
• Revisions & Proposed Revisions to Bank Call Reports
• Reporting Requirements

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 effective for year-end Public Business Entities. This session will catch you up on everything you need to know, as well as discuss relevant active projects, including:
• Highlights of the FASB's Technical Agenda
   – Recognition and Measurement
   – Presentation and Disclosure
   – Selection of New ASUs for Public Business Entities
   – Reference Rate Reform
   – Fair Value Measurement of Equity Securities
• Segments ASU
• Purchased Financial Assets Income Taxes & Software Costs

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 accounting and reporting issues impacting the banking and financial services industry. We will also discuss:
• The Latest Initiatives at the SEC’s Division of Enforcement
• Examples of Enforcement Situations Related to the Banking & Financial Services Industry
• Cryptocurrency Related Enforcement Actions
• Insider Trading
• Public Company Disclosures

Lunch
12:40 – 1:10 PM

PCAOB Update
1:10 – 2:10 PM
This session will focus on updates to the Inspection Program as they relate to the banking and financial services industry. We'll look at:
• Inspection Results & Status
• Information Technology Controls
• Review Engagements—Audit Evidence
• Financial Statement Areas—Revenue, Related Party Transactions, Going Concern,
  Expenses Accruals, Fair-Value Measurements, & Receivables & Payables
• Supplemental Information—Customer Protection Rule, Net Capital Rule
• Quality Control Systems
• Proposal on NOCLAR

Break
2:10 – 2:15 PM

Accounting for and Auditing of Digital Assets
2:15 – 3:15 PM
The FASB has yet to release an accounting standard dealing with digital assets. As a consequence, financial professionals are struggling to understand the accounting and auditing issues related to important new technologies such as cryptography and blockchain, much less prepare for the challenges inherent in them. In this session, an expert will address:
• Fundamentals of Distributed Ledger Technology
• Types of Crypto Asset Transactions
• Accounting & Auditing Considerations on Certain Crypto Assets
   – Investment in Cryptocurrencies
   – Receipt of Cryptocurrencies in Exchange for Goods or Services—ASC606, ASC610, ASC845
   – NFTs
• Staff Accounting Bulletin No. 121 ("SAB 121")

Break
3:15 – 3:20 PM

Digital Journey
3:20 – 4:20 PM
Digital transformation in banking is taking customers on an evolving journey that enhances their banking experiences in ways that would have seemed impossible before. But this also creates challenges for banks to make sure they are taking on the proper digital initiatives that will allow them to keep up with growing customer expectations. In this session, we will discuss:
• Considerations for Emerging Capabilities & Organizational Structures to Compete in the Digital Age
• Regulatory & Risk Management Considerations for new Technologies such as Generative AI, etc…
• Blockchain Technology
• Customer Data Collection, Management & Analysis
• Utilizing Artificial Intelligence (AI)

Closing Remarks
4:20 – 4:30 PM

Conference Ends
4:30 PM