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26th annual FEI[R] Current Financial Reporting Issues.

NOV.12-13, 2007

New York Marriott Marquis Times Square

the must-attend event for preparers of corporate financial statements

Earn up to 19 CPE credits

CFRI--the must-attend event for preparers of corporate financial statements.

Expect key updates from the FASB, SEC, IASB and PCAOB 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 Cynthia Cooper as she speaks on lessons learned in uncovering the largest corporate fraud in history.

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

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Mr. Pozen is Chairman of MFS Investment Management. As of June 30, 2007, MFS 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

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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 in the state of Georgia, a Certified Information Systems Auditor and a Certified Fraud Examiner, Ms. Cooper is also the author of Extraordinary Circumstances: The Journey of a Corporate Whistleblower.

Robert H. Herz * Chairman, Financial Accounting Standards Board

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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. Mr. Herz is both a Certified Public Accountant and a Chartered Accountant, 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

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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 RECOGNIZES THE FOLLOWING SPONSORS OF CFRI 2007

ELITE SPONSORS

PLATINUM SPONSOR

CLARITYsystems

THE SIEGFRIED GROUP, LLP

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, President TTG 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 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, 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 and IAS 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 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

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

PANELISTS:

Randy Fletchall, Americas Vice Chair, AABS 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

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 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.

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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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Publication:Financial Executive
Date:Sep 1, 2007
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