IFRS is Back! Interpretations, Implementation, & Adoption Explained
Overview:
With the markets recovering from the recent economic tsunami, IFRS once again moves to front and center on the radar scope of many companies. The actual adoption will likely be an incredibly complex multi-phased, multi-team effort involving the coordination of compliance officers, accounting & finance, legal, information technology, investor relations and business development teams. The Knowledge Group has assembled a team of key thought leaders and experts to help make sense of the most important issues.
This live webcast will feature an end-to-end discussion on convergence. Our panel will reevaluate the Roadmap in light of the changing economic landscape. We’ll discuss enforcement issues and how to consistently interpret principles and how to cope with the lack of detailed guidance. We’ll offer pragmatic solutions to the most critical issues and lead a detailed discussion on what’s in the pipeline regarding major standards at the FASB and the IASB. This live webcast will feature a bonus discussion about how our closest neighbor and largest trading partner Canada has addressed the issues that their US counterparts are only beginning to grapple with. Our panel of key thought leaders will address convergence form a number of perspectives: accounting, regulatory, policy, technical, & corporate and will feature, among others, a panel from the Senior Director of Technical Accounting and Reporting from one of the world’s largest corporations.
Join this webcast by clicking the “Register” button below and you will leave this course with a solid working knowledge of the most critical issues with respect to convergence and its impact on your firm. Advanced registration is suggested as space is limited.
Agenda:
SEGMENT 1: Kathryn Ingram, CA, Director of Professional Standards, MSCM LLP - The road to transition to IFRS: A Canadian perspective - Challenges faced in adequately planning the transition to IFRS - Regulators increasing expectations on disclosures about IFRS plans SEGMENT 2: Ms. Donna K. Norman, Counsel to the Director and Deputy Directors Division of Enforcement, U.S. Securities and Exchange Commission - A critical pause: Reevaluating the Roadmap in light of a changed economic landscape - An enforcement perspective: The challenge of consistent interpretation of principles - Convergence: A more practical enforcement approach SEGMENT 3: Maciej Piechocki, XBRL Technology Project Manager, IASC Foundation - The parallel between XBRL adoption and IFRS adoption - The commitments of the IASB/IASC Foundation in the XBRL adoption - The role of XBRL in the IFRS implementation SEGMENT 4: Robert J. Laux, Senior Director, Technical Accounting and Reporting, Microsoft Corporation - Proposed SEC Roadmap/Comment Letters - Microsoft’s IFRS Implementation to Date - Obstacles to Readiness/Key Next Steps SEGMENT 5: Walter G. Ricciardi, Partner, Former Deputy Director, Division of Enforcement, U.S. Securities and Exchange Commission, Paul, Weiss, Rifkind, Wharton & Garrison LLP - IFRS: convergence or capitulation - Principles v. Rules: the impact of detailed guidance on the ability to avoid restatements and defend litigation and investigations - Will IFRS lead to convergence in auditing standards? SEGMENT 6: John A. Hepp, Partner, Grant Thornton LLP - Major standards in the pipeline at the FASB and the IASB - A brief summary of how those could change current financial reporting practices - Some indications on where the respective Boards are in the process - Some views on the implications of the changes for convergence and conversion
Who Should Attend:
- CPAs - CFOs - Financial Auditors - Comptrollers - Tax Attorneys - Legal Auditors - Audit Partners/Consultants - Management Accountants - Heads of Finance - Heads of Accounting and Admin - Portfolio Managers - Financial Analyst - Financial Accounts Manager - Corporate Senior Management
Kathryn Ingram, C.A., M.Acc., BA, is Director of Professional Standards at MSCM LLP, an accounting firm providing assurance, business advisory …
Donna Norman currently serves as Counsel to the Director of Enforcement at the U.S. Securities and Exchange Commission. In this …
Maciej Piechocki is XBRL Technology Project Manager at the International Accounting Standards Committee Foundation (IASCF). He is responsible for the …
Bob Laux is the Senior Director of Technical Accounting and Reporting at Microsoft Corporation. Mr. Laux is responsible for Microsoft’s …
A partner in the Litigation Department, Walter G. Ricciardi focuses his practice on securities litigation and white-collar and regulatory defense. …
John is a partner in the National Professional Standards Group of Grant Thornton LLP in the Chicago. John has 27 …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
93848
Total Credits:
2.0 CLE
Login Instructions:
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SPEAKERS' FIRMS:
U.S. Securities and Exchange Commission
IASC Foundation
About
For over 30 years, MSCM LLP has been providing audit, accounting, tax planning and management solutions to businesses. Our client base and experience has included a broad range of industries spanning from small privately held businesses to large public companies. We currently service approximately 100 publicly listed companies and are in the process of assisting others from around the world become listed in Canada and/or the United States. As such, we are very familiar with all audit requirements related to both private and publicly listed entities, including both the financial statement audit and corporate governance regulations. Our firm is CPAB (“Canadian Public Accountability Board” CANADA) and PCAOB (“The Public Company Accounting Oversight Board” USA) registered and is subject to detailed reviews to ensure they are consistently of the highest quality.
Our firm is involved in sophisticated tax planning for clients both in Canada and in the United States. We have three Tax Partners, one of whom is a cross border specialist dealing strictly with Canada/USA and International tax matters.
Our office is located on Evans Avenue at the intersection of Highways 427 and Q.E.W. For more information, visit https://www.mscm.ca.
Website: MSCM LLP
About MSCM LLP
Website: https://www.mscm.ca/
About U.S. Securities and Exchange Commission
About IASC Foundation
About Microsoft Corporation
About Paul, Weiss, Rifkind, Wharton & Garrison LLP
Website: https://www.paulweiss.com/
About Grant Thornton LLP
Website: https://www.grantthornton.com/