26th annual FEI[R] Current Financial Reporting Issues.NOV judgment notwithstanding the verdict (N.O.V.) n. reversal of a jury's verdict by the trial judge when the judge believes there was no factual basis for the verdict or it was contrary to law. The judge will then enter a different verdict as "a matter of law. .12-13, 2007 New York Marriott Marquis New York Marriott Marquis Times Square at 1531-1549 Broadway opened in 1985 and was designed by architect John Portman. It is located in the heart of Times Square at Broadway and 45th Street. Times Square the must-attend event for preparers of corporate financial statements Earn up to 19 CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment credits CFRI--the must-attend event for preparers of corporate financial statements. Expect key updates from the FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). , SEC, IASB IASB See International Accounting Standards Board (IASB). and PCAOB PCAOB Public Company Accounting Oversight Board on recent financial accounting standards and reporting requirements, including: ** new requirements for accounting for business combinations ** latest updates on Sarbanes-Oxley Section 404 Internal Controls reporting compliance ** important insight into recent developments on FAS 133 on Accounting for Derivatives and Hedging Activities ** updates on international convergence and combating complexity in financial reporting. Register Today! www.financialexecutives.org/cfri Listen as preparers, auditors, regulators and users debate the usefulness of traditional financial statements and consider potential changes via FASB's project on financial statement presentation. Learn from WorldCom whistleblower whis·tle·blow·er or whis·tle-blow·er or whistle blower n. One who reveals wrongdoing within an organization to the public or to those in positions of authority: "The Pentagon's most famous whistleblower is . . Cynthia Cooper There are two different public figures with the name Cynthia Cooper:
Discover new perspectives from your peers at the Controllers' Roundtable. Balancing the needs of a company's management vs. a company's investors while focusing on accurate, transparent accounting and reporting dominates the attention of preparers of financial statements. Maintaining this delicate balance is critical. FEI's Current Financial Reporting Conference can assist you by providing valuable insights from the perspectives of the standard-setter, regulator, investor, auditor and preparer. FEATURED SPEAKERS: Robert C. Pozen * Chairman, SEC Advsiory Committee on Improvements to Financial Reporting [ILLUSTRATION OMITTED] Mr. Pozen is Chairman of MFS Investment Management MFS Investment Management, formerly Massachusetts Financial Services, is a Boston, Massachusetts-based financial services firm. In its publicity, MFS claims to have invented the mutual fund. The current chair of the company is Robert Pozen. . As of June 30, 2007, MFS MFS Medicare fee schedule managed more than $200 billion in assets for over five million investor accounts worldwide. He was named to his current position in February 2004. Mr. Pozen was recently named chairman of a new SEC Advisory Committee on improving financial reporting. He also was a member of two private sector commissions on global competition. Cynthia Cooper * WorldCom Whistleblower [ILLUSTRATION OMITTED] Ms. Cooper is most well-known for her role in uncovering the corporate fraud at WorldCom--to date the largest corporate fraud in history. She was named one of Time magazine's 2002 Persons of the Year after detecting and reporting the fraud. A Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. in the state of Georgia, a Certified Information Systems Auditor and a Certified Fraud Examiner Certified Fraud Examiner (CFE) is a designation awarded by The Association of Certified Fraud Examiners (ACFE). The ACFE is a 41,000 member-based global association dedicated to providing anti-fraud education and training. , Ms. Cooper is also the author of Extraordinary Circumstances: The Journey of a Corporate Whistleblower. Robert H. Herz * Chairman, Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). [ILLUSTRATION OMITTED] Mr. Herz was appointed Chairman of the Financial Accounting Standards Board (FASB) in 2002. Prior to joining FASB, Mr. Herz was a senior partner with PricewaterhouseCoopers, and also served as a part-time member of the International Accounting Standards Board  An editor has expressed concern that this article or section is .Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and . Mr. Herz is both a Certified Public Accountant and a Chartered Accountant char·tered accountant n. Chiefly British Abbr. CA A member of one of the institutes of accountants granted a royal charter. , and has authored numerous publications on a variety of accounting, auditing and business subjects, including The Value Reporting Revolution: Moving Beyond the Earnings Game, which he co-authored. Conrad Hewitt * Chief Accountant, U.S. Securities & Exchange Commission [ILLUSTRATION OMITTED] Mr. Hewitt was appointed by SEC Chairman Christopher Cox as Chief Accountant in 2006. Mr. Hewitt was previously chairman of the Audit Committee of Varian, Inc. He also chaired the Audit Committee of North Bay Bancorp and chaired both the Compensation Committees and the Audit Committees of S & P Co. and Pabst Brewing Co. From 1995 to 1998, Mr. Hewitt served as California Superintendent of Banking and Commissioner of the California Department of Financial Institutions. FEI FEI Fédération Équestre Internationale. RECOGNIZES THE FOLLOWING SPONSORS OF CFRI CFRI Child & Family Research Institute (Vancouver, BC Canada) 2007 ELITE SPONSORS PLATINUM SPONSOR CLARITYsystems THE SIEGFRIED GROUP, LLP LLP - Lower Layer Protocol Professional Service Partners HOULIHAN LOKEY HOWARD & ZUKIN INVESTMENT BANKING SERVICES JEFFERSON WELLS PRICEWATERHOUSECOOPERS ControlSolutions[R] For exhibit, sponsorship and advertising opportunities with FEI, please contact Michele Coleman at 202.626.7806 or mcoleman@fei.org. SUNDAY NOVEMBER 11 Registration Pre-Conference Workshop 2:00PM-5:30PM (4 additional CPE credits) Power Presentation Skills--How to Convince & Motivate Your Audience David Bowman This article is about the Space Odyssey character. For the Scottish football (soccer) player, see David Bowman (footballer). David Bowman is a character in the Space Odyssey series. , President TTG tTG Tissue Transglutaminase TTG Telltale Games (website) TTG TiVo To Go TTG Time-To-Go TTG Tonalite-Trondhjemite-Granodiorite TTG Tea Tree Gully (South Australia) TTG Tom Tom Go Consultants If you're looking to develop your presentation skills to become more self assured, better organized, more relaxed, more convincing, and in control--then this workshop is for you! David Bowman will arm you with communication skills, teach you how to deal with nerves, develop your style and message, use of visual aids visual aids Noun, pl objects to be looked at that help the viewer to understand or remember something and more. FEI Hall of Fame Gala 6:00PM-9:30PM CIPRIANI 23RD STREET For more information visit www.feihall.org MONDAY NOVEMBER 12 Continental Breakfast 7:00AM-8:00AM Breakfast Sessions 7:00AM-8:00AM (1 additional CPE credit) Welcome and Opening Remarks 8:15AM Michael P. Cangemi, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Financial Executives International Marsha Hunt, Vice President and Controller, Cummins, Inc. and 2007 Conference Chair First General Session FASB Update This session will address developments on FASB and IASB projects, including progress on U.S. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). and IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. convergence issues. MODERATOR: Gary Kabureck, Corporate Vice President & Chief Accounting Officer, Xerox Corporation PANELISTS: Robert H. Herz, Chairman, Financial Accounting Standards Board Russ Golden, Director--Technical Application and Implementation Activities and EITF EITF Emerging Issues Task Force EITF Edinburgh International Television Festival EITF Europe International Taekwon-Do Federation Chair, Financial Accounting Standards Board IASB, Board Member, International Accounting Standards Board Second General Session Usefulness and Delivery of Financial Statements Today This panel will provide the perspectives of the preparer and investor in looking at the usefulness and delivery of financial statements today as well as in the future. It will review the FASB's Financial Statement Presentation project, which has the potential to significantly alter the way a company presents such traditional financials as the income statement, balance sheet and cash flow, as well as how items such as fair value and derivatives accounting may also impact presentation and delivery. PANELISTS: Gregory Jonas, Managing Director of Accounting Specialists Group, Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. Donald Young, Board Member, Financial Accounting Standards Board Keynote Address Robert C. Pozen Chairman, MFS Investment Management Chairman, SEC Advisory Committee on Improvements to Financial Reporting Concurrent Sessions Latest Developments in Section 404 Compliance As companies, large and small, continued to face implementation challenges with regard to Sarbanes-Oxley Section 404 Internal Control compliance, the SEC and the PCAOB responded. In the spring of 2007, the SEC and the PCAOB issued management guidance as well as Auditing Standard No. 5, as new guidance for Section 404 compliance to improve the effectiveness and efficiency of the implementation process. This session will provide updates from the SEC and PCAOB as well as auditor and preparer perspectives on implementation of Section 404 of the Sarbanes Oxley Act. MODERATOR: Arnold C. Hanish, Executive Director, Finance & Chief Accounting Officer, Eli Lilly and Company Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company and one of the world's largest corporations. Eli Lilly's global headquarters is located in Indianapolis, Indiana, in the United States. PANELISTS: Randy Fletchall, Americas Vice Chair, AABS AABS Assurance & Advisory Business Services AABS Association for the Advancement of Baltic Studies AABS Automated Alternate Billing Service AABS Adaptive Antenna Beam Selection AABS Auto Accident, Broadside AABS Assignment and Analysis of Broadband Spectra Professional Practice and Risk Management, Ernst & Young LLP Joshua Jones, Professional Accounting Fellow, Office of the Chief Accountant, U.S. Securities and Exchange Commission Sharon Virag, Associate Chief Auditor, Public Company Accounting Oversight Board The Public Company Accounting Oversight Board (or PCAOB) (sometimes called "Peekaboo") is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. Controllers' Roundtable A distinguished panel of financial executives will participate in a lively debate on the key issues they face. This group of peers will discuss the issues that "keep them up at night" and how they deal with these daily challenges in today's environment. Update on FAS 133 Related Issues Since FAS No. 133, Accounting for Derivative Instruments Derivative instruments Contracts such as options and futures whose price is derived from the price of an underlying financial asset. and Hedging Activities was originally issued in 1998, it has been the cause of much discussion amongst auditors and management, as well as the recent focus of many restatements. This session will look at current FASB activity in this area and provide experiences from companies who have recently dealt with FAS 133 related issues. The session will include items for consideration when applying FAS 133, and valuable lessons learned. [ILLUSTRATION OMITTED] Valuation Issues: Practice and Theory Fair value continues to be a theme in accounting and measurement requirements. This session will provide valuable background to preparers in describing the theory and usability of fair value measurements in practice. The session will provide practical perspectives and examples from preparers, valuation experts and auditors. Day One Adjourns 5:15PM Reception in Exhibit Area 5:30PM-7:30PM SPONSORED BY: PRICEWATERHOUSECOOPERS TUESDAY NOVEMBER 13 Continental Breakfast 7:00AM-8:00AM Breakfast Sessions 7:00AM-8:00AM (1 additional CPE credit) Opening Remarks 8:15AM Marsha Hunt, Vice President and Controller, Cummins, Inc. and 2007 Conference Chair Keynote Address Cynthia Cooper WorldCom Whistleblower Third General Session Update on SEC Developments Senior members of the SEC staff will address proposed new rules, issues arising in reviews of SEC registrant filings and projects on accounting and disclosure. PANELISTS: Conrad Hewitt, Chief Accountant, U.S. Securities & Exchange Commission James Kroeker, Deputy Chief Accountant, Office of the Chief Accountant, U.S. Securities & Exchange Commission John White, Director, Division of Corporation Finance, U.S. Securities & Exchange Commission Fourth General Session Q & A Session with the FASB and the SEC Leaders of the SEC and FASB will informally address unanswered questions carried forward from earlier sessions and take questions from the floor. PANELISTS: Russ Golden, Director--Technical Application and Implementation Activities and EITF Chair, Financial Accounting Standards Board Robert H. Herz, Chairman, Financial Accounting Standards Board Conrad Hewitt, Chief Accountant, U.S. Securities & Exchange Commission James Kroeker, Deputy Chief Accountant, Office of the Chief Accountant, U.S. Securities & Exchange Commission John White, Director, Division of Corporation Finance, U.S. Securities & Exchange Commission Fifth General Session Accounting for Business Combinations and Noncontrolling Interests This session will explore the significant accounting and reporting implications of the FASB-IASB joint exposure drafts on Business Combinations and Noncontrolling Interests currently being deliberated and the changes they could lead to in purchase accounting. FASB and IASB currently anticipate final standards in this area being issued in the third quarter of 2007. MODERATOR: Mick Homan, Comptroller, Corporate Accounting, The Procter & Gamble Company PANELISTS: Jan Hauser, Partner, PricewaterhouseCoopers, LLP Stefanie Tamulis, Project Manager, Financial Accounting Standards Board Michael W. Tully, Valuation Fellow Financial Accounting Standards Board Conference Adjourns 3:05PM *agenda subject to change Earn up to 19 CPE credits Three easy ways to register! *** Web: www.financialexecutives.org/cfri *** Fax: 973.765.1031 or 973.765.1018 *** Mail: Return the registration form with your payment to the address below. All fees MUST be paid in advance and should accompany a registration form. |
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