About the Panelists Susan Cosper, technical director at FASB and recently appointed to be a member of the board; Robert Laux, region lead for North America at the…
About the Panelists Prabhakar Kalavacherla, a partner in the audit quality and professional practice group at KPMG; Mark LaMonte, former managing director at Moody's Investors Service; Sarah Ovuka,professional accounting…
About the Panelists Wesley Bricker, chief accountant at the SEC's Office of the Chief Accountant; Kyle Moffatt, chief accountant at the SEC's Division of Corporation Finance; and Matt Jacques, chief…
Brown began the panel by talking about the PCAOB's current status and objectives following the installment of an entirely new board by the SEC at…
Cosper started the panel by briefly discussing the recent turnover at FASB: by the end of 2018, the board will have replaced four members in…
Pictured, left to right: Prabhakar Kalavacherla, Mark LaMonte, Marc Siegel, Scott Taub, and Amie Thuener Photos by E. Lee White The panel began with Siegel…
Pictured, left to right: Charles Wright, Norman Strauss, Wesley Bricker, and Kyle Moffatt Photos by E. Lee White Bricker began the panel by showing the…
Financial Reporting Issues for Preparers
Highlights from the 16th Annual Baruch College Financial Reporting Conference
The panel began with Thuener discussing the complexity of reporting standards from a preparer's point of view. Thuener attributed this complexity, in part, to the…
The panel began with Cosper outlining recent changes at FASB and its priorities for 2017. She said that the standard on hedge accounting was due…
The panel began with a discussion of the new standard for revenue recognition and the process for implementing it. Siegel highlighted some of the more…
Maloney began the panel by discussing recent enforcement cases, focusing on areas where there are, as he put it, “repeat problems.” These included revenue recognition,…
The fourth panel of the 15th Annual Financial Reporting Conference assessed the status of recognition and impairment of financial instruments in light of FASB's new…
The third panel of the 15th Annual Financial Reporting Conference covered recent financial reporting developments in the private sector. Topics included the new revenue recognition…
Accounting for Leases
The New Standard
The second panel of the 15th Annual Financial Reporting Conference covered FASB's new standard on accounting for leases. The standard, which is 500 pages long,…
At the first panel of the 15th Annual Financial Reporting Conference, the panelists discussed the SEC's recent activities and plans for the future. Topics included…