SEC Investigations, Accounting and Disclosure Fraud: Critical Issues for 2014 and Beyond
Overview:In this two-hour LIVE webcast, a panel of distinguished professionals and thought leaders will help business executives, accountants, auditors, and attorneys understand important aspects of these significant topics. They will provide an in-depth discussion of the latest SEC enforcement efforts in relation to accounting fraud and financial disclosure cases for 2014 and beyond. Speakers will also offer best practices in developing and implementing an effective compliance program and techniques to identify red flags and deter fraudulent schemes for companies to ensure compliance with regulations and avoid hefty penalties.
Some of the major topics that will be covered in this course are:
- The Accounting Quality Model and Financial Reporting and Audit Task Force
- The Role of Whistleblowers in Financial and Accounting Fraud Cases
- Discussion on Significant Issues for Financial Statement Disclosures
- Recent SEC Enforcement Efforts with Case Citations
- Key Techniques to Identify Fraudulent Schemes and Best Practices in Developing an Effective Compliance Program
Tony Jordan, Partner
Ernst & Young LLP
- Where SEC’s Been Enforcement Actions Now
- Update on SEC Investigations
- Recent Restatement and SEC Enforcement Statistics
- Latest SEC Areas of Focus
Mary Kreidell CPA, CFE, CFF, Director
- Brief overview of 2014 SEC litigation actions
- Case study of one or two accounting frauds litigate by the SEC 2014
- Discussion of the red flags in the public filing of those companies that would have alerted shareholders to the issues.
Jay A. Dubow, Partner
Pepper Hamilton LLP
- How to respond to an SEC document request or subpoena
- Internal investigations-Getting ahead of the SEC
- Care and feeding of whistleblowers
Christopher Davies, Partner
Wilmer Cutler Pickering Hale and Dorr LLP
- Tactical and strategic choices in course of investigations
- Approach to Wells process
- Summary of the process
- “Pre-Wells” efforts
- Approach to Wells responses
- Settled SEC accounting/disclosure cases from 2014
- Venues and Remedies
- Admin v judicial proceedings
- Prospects for neither admit nor deny settlements
- DPAs/NPAs in SEC actions
- Trends in
- Conduct-related sanctions
Who Should Attend:
- CFOs & Finance Executives
- Controllers, CPAs
- Auditors (Internal & External)
- Attorneys with Related Practice Areas
- Senior Financial Management
- Fraud Monitoring Officers
- Fraud Analysts
- Compliance Officers
- And Other Interested Professionals
Tony is a senior partner in Boston office of Ernst & Young LLP (EY) where he specializes in forensic accounting investigations, issues surrounding Generally Accepted Accounting Principles (GAAP), and general business-related disputes. He has extensive litigation consulting, forensic accounting and auditing experience, is a certified public accountant, has been providing financial consulting advice to clients for over 18 years.
Tony has been involved in a variety of investigations, working on behalf of Special Committees formed by Boards of Directors, named directors and officers and / or senior management. These investigations have involved analyses of various Securities and Exchange Commission(SEC) reporting matters, including revenue recognition (for software companies, as well as for various manufacturers, distributors, retailers and healthcare providers), and accounting for promotional marketing allowances, derivative transactions, and for stock options. He has also been involved in several matters assessing the adequacy of reserves and dealing with inventory manipulations, along with various other issues around the interpretation and application of GAAP.
Tony is a senior partner in Boston office of Ernst & Young LLP (EY) where he specializes in forensic accounting …
Mary Kreidell is a Director in McGladrey’s Litigation Consulting and Financial Investigations Practice. She has over 25 years experience assisting clients and counsel with forensic accounting, litigation support and financial investigative services. Previously, she served in similar roles with Aon Consulting, Kroll Inc and Zolfo Cooper, as well as chief financial officer of a publicly trading holding company.
Mary draws upon her experience operating on the corporate side of financial management and her knowledge of complex financial investigations and litigation consulting to provide clients a combination of accounting expertise and corporate insight. Her diverse experience includes matters involving accounting fraud, misreporting of funds, due diligence investigations, purchase price disputes, accounting malpractice and bankruptcy.
Mary Kreidell is a Director in McGladrey’s Litigation Consulting and Financial Investigations Practice. She has over 25 years experience assisting …
Jay A. Dubow is a partner with Pepper Hamilton LLP, resident in the Philadelphia office. He is a member of the firm’s White Collar Litigation and Investigations Practice Group and is co-chair of the Securities and Financial Services Enforcement Group. Mr. Dubow focuses his practice on complex business litigation, with a special emphasis on defending against shareholder derivative and securities class action litigation and representing clients involved in investigations by the U.S. Securities and Exchange Commission, the Pennsylvania Securities Commission and various self-regulatory organizations, including the Financial Industry Regulatory Authority, Inc. He also conducts internal investigations on behalf of clients.
Mr. Dubow first joined Pepper in 2007 from another Philadelphia law firm, where he was a partner in the litigation and corporate departments and a member of the executive committee. In 2008, he joined a client, Advanta Corp., as senior vice president, general counsel and chief administrative officer. He returned to Pepper in 2011. Mr. Dubow began his career as a branch chief in the Division of Enforcement of the U.S. Securities and Exchange Commission in Washington, D.C.
Active in local and national bar associations, Mr. Dubow is a leader in the American Bar Association’s Business Law Section and currently serves as chair of the Securities Litigation Subcommittee of the Business and Corporate Litigation Committee.
Jay A. Dubow is a partner with Pepper Hamilton LLP, resident in the Philadelphia office. He is a member of …
Chris Davies has represented accounting firms, US registrants, boards of directors, and individuals in accounting- and auditing-related investigations and litigation for over 15 years. During that time, Chris has been involved in cases with the DOJ, the SEC, the PCAOB, state boards of accountancy, and various non-US authorities. Chris also regularly counsels clients on issues pertaining to auditor independence, 10A investigation, accounting network governance, and transnational discovery.
Chris Davies has represented accounting firms, US registrants, boards of directors, and individuals in accounting- and auditing-related investigations and litigation …
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
NASBA Field of Study:
NY Category of CLE Credit:
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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About Ernst & Young LLP
Dealing with potential fraud, regulatory compliance and business disputes can detract from your focus on success. Better management of fraud and compliance risks is a critical business priority – no matter what your industry sector. More than 2,500 EY fraud investigation and dispute professionals around the world have the analytical and technical skills necessary to quick and effective financial and other investigations and electronic data analysis. Working closely with you and your legal advisors, EY’s multidisciplinary and culturally aligned teams bring an objective and fresh approach to these challenging situations, wherever you are in the world. EY works to give you the benefit of its broad sector experience, deep subject matter knowledge and the latest insights from its work worldwide.
About McGladrey LLP
McGladrey is a leading provider of assurance, tax and consulting services. We guide our clients through complex business challenges by understanding their needs and bringing together the right team to address them. With more than 6,700 people in 75 U.S. cities and access to more than 32,000 people in 100 countries through our membership in RSM International, we can meet our clients’ needs wherever in the world they do business.
McGladrey’s Litigation Consulting and Financial Investigation practice provides analytical and investigative services to major law firms, corporate counsel, governmental entities and corporate executive management involved in complex financial matters.
About Pepper Hamilton LLP
Pepper Hamilton LLP is a multi-practice law firm with more than 500 lawyers nationally. The firm provides corporate, litigation and regulatory legal services to leading businesses, governmental entities, nonprofit organizations and individuals throughout the nation and the world.
Pepper’s Securities and Financial Services Enforcement Group is a client-centric group of lawyers with particularized expertise in the enforcement process. The group was created to recognize the reality that companies that provide financial services are multi-faceted and, therefore, are subject to a wide range of regulatory regimes. Our goal is to meet you, the client, where you are; not to try to pigeon-hole your needs into a pre-existing practice group. To that end, we have combined the talents of many lawyers with different areas of expertise into one cohesive unit with a singular goal in mind: To help public and private companies providing financial services weather the storm of an ever-expanding regulatory and litigious environment and respond rapidly and forcefully to increased scrutiny by the government, its agencies and self-regulatory organizations.
The Dodd-Frank Wall Street Reform and Consumer Protection Act made many sweeping changes to the regulatory oversight of the financial services industry – including public companies and their employees. We are here to help you navigate through these dangerous waters.
About Wilmer Cutler Pickering Hale and Dorr LLP
WilmerHale has 1,000 lawyers in 14 cities in the United States, Europe and Asia. We offer a comprehensive range of practice areas, organized to meet our clients’ legal needs and to facilitate their success. For decades, sophisticated market participants, corporate clients and individuals have trusted WilmerHale to represent them in their most difficult legal matters, in areas as diverse as securities enforcement and litigation, intellectual property, government and regulatory litigation, and corporate governance.