Nineteenth Annual Conference on Financial Reporting


Friday, October 24, 2008
Santa Clara Marriott Hotel











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.

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Video

CFRM's 19th Annual Conference on Financial Reporting on Oct. 24 featured Financial Accounting Standards Board Chairman Robert Herz, who was also interviewed by KPIX CBS5 in a segment titled "Honest Accounting Key in Solving Financial Mess."



Robert Herz Interview with CBS 5

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Conference Schedule

A schedule for the conference can be downloaded here. PDF File


Time Event
7:30-8:00am Registration and Continental Breakfast

8:00-8:15am

 

 

 

 

8:15-8:30am

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

Berkeley Award for Distinguished Contributions to Financial Reporting
Presented by Richard Lyons
Dean,
Haas School of Business

8:30-9:15am Opening Address: The Path to Global Reporting: Opportunities and Challenges
Sir David Tweedie
Chairman,
IASB

Robert Herz
Chairman,
FASB

9:15-10:45am IASB PANEL
SEC Proposal for US Companies' Adoption of IFRS
  • Adoption from US GAAP to IFRS - Challenges, Concerns & Benefits
  • Benefits of Mandatory Vs Optional Adoption for US Companies
  • Special Treatment for Multinationals Vs National/Smaller Companies
  • Timeline and Adoption of Phase 1
  • FASB's role as US moves to IFRS given the reduced board membership

Moderator:
Solomon Darwin
Executive Director,
CFRM, Haas School of Business

Panelists:
D.J. Gannon
National Partner
Deloitte & Touche

Robert Herz
Chairman,
FASB

Barry Melancon
President & CEO,
AICPA

Sir David Tweedie
Chairman,
IASB

John Whiting
Vice President, Finance
Genentech

10:45-11:00am Break

11:00-12:30pm FASB PANEL
Impact of Key FASB Projects and Initiatives on US Entities
  • Revenue Recognition
  • Liabilities and Equity
  • Accounting for Income Taxes
  • Transfers of Financial Assets
  • Consolidation of Special Purpose Entities
  • Business Combinations and Non-controlling Interests (FAS 141R & 160)

Moderator:
Benjamin Neuhausen
National Director,
BDO (AcSEC Member)

Panelists:
Mark Bielstein
National Partner,
KPMG (Board Member, EITF)

Robert Herz
Chairman,
FASB

Bob Laux
Director of Technical Accounting and Reporting,
Microsoft

Conrad Hewitt
Chief Accountant,
SEC

12:30-1:30pm Lunch

1:30-2:10pm Lunch Keynote Speakers
Gregory Jonas
Managing Director,
Moody's Investors Service
"Lessons Learned from the Subprime Debacle and Current Credit Crisis"

2:10-2:20pm Break

2:20-3:30pm SEC/PCAOB PANEL
Impact of Key Regulatory Projects and Initiatives on US Entities
  • Readiness of US Accountants and Auditors to meet the proposed timetable
  • SEC's role as US moves to IFRS given the reduced board membership
  • Impact of IFRS on PCAOB
  • XBRL Project Update - overview and rection to proposed rules and guidelines
  • Benefits, Challenges, and Concerns of XBRL to Businesses

Moderator:
Cindy Fornelli
Executive Director,
Center for Audit Quality

Panelists:
Ken Lewis
CFO,
Franklin Templeton

Christine DiFabio
Vice President, Technical Activities,
FEI

Conrad Hewitt
Chief Accountant,
SEC

David Kaplan
National Partner,
PricewaterhouseCoopers

Mark Olson
Chairman,
PCAOB

3:30-3:45pm Break

3:45-5:00pm SPECIAL TOPICS PANEL
Improvements to Financial Reporting
  • Committee on Improvements in Financial Reporting (CIFR) update
  • Implementation Challenges of CIFR Recommendations
  • Benefits and Effectiveness of CIFR Recommendations
  • Update & IssuesRelating to Financial Statement Presentation - IASB/FASB Joint Project

Moderator:
Steve Hobbs
Managing Director,
Protiviti

Panelists:
James Campbell
Vice President & Corporate Controller,
Intel

Conrad Hewitt
Chief Accountant,
SEC

Christopher Holmes
National Director of SEC Matters,
Ernst & Young

Gregory Jonas
Managing Director,
Moody's Investors (CIFR Member)

G. Edward McClammy
CFO,
Varian, Inc. (CIFR Member)

Sir David Tweedie
Chairman,
IASB

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Hotel Location, Directions, and Accommodations

Santa Clara Marriott Hotel
Address: 2700 Mission College Boulevard, Santa Clara, CA 95054
Phone: (408) 988-1500
Fax: (408) 352-4353
Website: http://www.marriott.com/hotels/travel/sjcga-santa-clara-marriott/


Parking is included with your registration. On the day of the event, you will be given a green parking ticket at the registration desk, which will validate your parking.

A limited number of hotel rooms are reserved at the Santa Clara Marriott Hotel, 2700 Mission College Boulevard, for the nights of October 23-26 at $119 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 1 to guarantee this rate!

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