Eighteenth Annual Conference on Financial Reporting
Friday, November 9, 2007
San Francisco Airport Marriott Hotel (Burlingame, CA)





Program Schedule:


A schedule for the conference can be downloaded here.


7:30 - 8:15 AM

Registration & Continental Breakfast


8:15 - 8:30 AM

Opening Remarks
Solomon Darwin
Executive Director, CFRM,
Haas School of Business


8:30 - 9:00 AM

Keynote Speaker:
Conrad Hewitt
Chief Accountant, US Securities and Exchange Commission


"Update on Current Issues at the SEC"


  • Foreign private issuer deregistration
  • IFRS/US GAAP Reconciliation for Non-US filers
  • New Concept Release for US Filers
  • Independence Rule Changes
  • Executive Compensation
  • Complexity in Accounting/XBRL Activity/Materiality Issues
  • Advisory Committee on Improvements to Financial Reporting

9:00 - 10:00 AM

Update on FASB/IASB Technical Agenda
Lawrence Smith: Board Member, FASB
Anthony Cope: Immediate Past Board Member, IASB


10:00 - 10:45 AM

PANEL I
Emerging Issues in Financial Reporting - Key Challenges Presented by the Joint Projects for Financial Executives and Users


  • Financial Statement Presentation
  • Business Combinations
  • Liabilities and Equity
  • Contingencies (a relook at Fas 5)
  • Accounting for Hedging
  • Leasing
  • Revenue Recognition
  • Other Emerging Issues

Moderator:
Rebecca McEnally
Director of Capital Markets, CFA Institute, Centre for Financial Market Integrity


Panelists:
Anthony Cope
Immediate Past Board Member, IASB


Bob Laux
Director of Technical Accounting and Reporting, Microsoft


Paul Munter
Partner, Department of Professional Practice, KPMG LLP


Ben Neuhausen
AICPA AcSec Chair, National Director, BDO LLP


Lawrence Smith
Board Member, FASB


10:45 - 11:00 AM

Break


11:00 - 12:30 PM

PANEL II
Impact of Globalization of IFRS on US and Non-US Companies


  • Governance of principle based Standards
  • US GAAP and IFRS reporting for US and non-U.S. filers
  • SEC rules for reporting in IFRS or GAAP for U.S. companies and foreign registrants
  • Role of Auditors in the changing environment
  • Resource Challenges for first time adoption of IFRS: new PCAOB guidance to Auditors, training and restructuring of accounting education
  • Impact of IFRS on US markets, investors, management and Auditors
  • Effect of cross-border capital markets consolidation on financial reporting

Moderator:
Maria Nondorf
Assistant Professor of Accounting, Haas School of Business


Panelists:
Anthony Cope
Immediate Past Board Member, IASB


D.J. Gannon
Partner, National Office, Deloitte & Touche LLP


Bill Gradison
Founding Board Member and Immediate Past Chairman, PCAOB


Conrad Hewitt
Chief Accountant, US SEC


Robert Walker
Board Member and Immediate Past Chairman, FEI


12:30 - 2:00 PM

Lunch


Announcement of the 2007 Berkeley Award for Distinguished Contributions to Financial Reporting
Tom Campbell,
Dean, Haas School of Business


Lunch Keynote
James Ratley,
President, Association of Certified Fraud Examiners
"Profiles of the Crooked"


2:00 - 3:15 PM

PANEL III
Fair Value Measurement "Implementation Challenges"


  • Fair value Hierarchy & Prioritization Approaches
  • Expanded Disclosure
  • Major changes in practice: a) exit price, b) marketplace participants, c) principal market, d) considering the company's own credit risk.

Moderator:
Suneel Udpa
Adjunct Faculty, Haas School of Business


Panelists:
Jim Campbell
Corporate Controller & VP of Finance, Intel Corporation


Joseph McGrath
Partner, National Office, Ernst & Young LLP


Lawrence Smith
Board Member, FASB


Robert Walker
Board Member and Immediate Past Chairman, FEI


3:15 - 3:30 PM

Break


3:30 - 4:45 PM

PANEL IV
Complexities in Financial Reporting "Exploring Solutions"

  • SEC & FASB's new commitment to reducing complexity
  • Measures taken by FASB & SEC
  • Impact of IASB/FASB convergence
  • FEI recommendations
  • Will XBRL help?
  • Controlling management risk in manipulation of financial reporting
  • Liabilities and equity
  • New SEC Guidance on management reporting on internal controls

Moderator:
Bob Laux
Director of Technical Accounting and Reporting, Microsoft


Panelists:
Robert Andreatta
Chief Accounting Officer and Controller, Genentech


Anthony Cope
Immediate Past Board Member, IASB


Linda Griggs
Partner, Morgan, Lewis & Bockius LLP
SEC Committe on Improvements to Financial Reporting


Steve Meisel
SEC Services Leader and Partner, National Office, PwC LLP


Lawrence Smith
Board Member, FASB




About the Conference


This conference brings together accounting standard setters, enforcement officials, corporate financial executives, and professional and academic accountants to discuss current issues in financial accounting and corporate reporting. In today's business and regulatory environment, it is essential that preparers and users of financial statements be current on the latest financial reporting trends and issues.


The goal of the conference is to:


  • Provide preparers and users of financial statements with the latest developments in financial accounting standards;
  • Engage participants to dialogue with standard setters in recommending improvments in financial reporting;
  • Promote the advancement of quality financial reporting useful to investors in making investment decisions.

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Hotel Location, Directions and Accommodations


San Francisco Airport Marriott Hotel
Address: 1800 Old Bayshore Highway, Burlingame, CA 94010
Phone: (650) 692-9100
Fax: (650) 692-8016
Website: http://marriott.com/property/propertypage.mi?marshaCode=SFOBG


Self parking at the hotel garage is $1 per hour, $18 daily. Valet parking is $22.00 daily.


A limited number of hotel rooms are reserved at the San Francisco Airport Marriott Hotel, 1800 Old Bayshore Highway, for the nights of November 8-11 at $159 per night. Please indicate on the reservation form if you require a room. CFRM will make your reservation for you. Payment is to be made to the hotel upon departure. Room reservations must be made by October 23 to guarantee this rate!


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