Statement 157 (Implementation Issues) Rebroadcast with LIVE Q & A Webcast
** Discounts apply for early registration. See information below to register in this event. ** Summary: Since its introduction, FAS No. 157 companies have struggled with implementation and compliance issues. Companies have been grappling with accounting and valuation issues related to Fair Value. Many have seen market value melt away particularly which has been exacerbated by the current economic free fall. Although there is much uncertainty surrounding this issue one thing remains clear Fair Value is here to stay at least for the time being and companies must learn to deal with this most pressing issue. The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help understand Statement No. 157 and its impact on your firm and the broader market. The speakers will present their expert opinions in a two-hour LIVE Webcast. The event will take place on August 5, 2009, 3:00pm to 4:00pm (ET). Register for this event: https://web.memberclicks.com/mc/quickForm/viewForm.do?orgId=gkc&formId=61749 FEATURED SPEAKERS: Deloitte & Touche Craig Stevens Senior Manager, Regulatory & Capital Markets Consulting Financial Reporting Advisors, LLC (FRA) Scott A. Taub Managing Director Ropes & Gray, LLP Richard Marshall Partner Event Agenda / High Level Points to e Discussed: - FAS 157 valuation requirements (overview) - active markets - exit prices - distressed transactions - Fair Value in an illiquid market - Mark to model (new FAS 157 FSPs) - Changes to current guidance - Comment letters - Impact on financials - Credit valuation adjustments - Where are we and How Did We Get Here? Where are we? - A Problem and a (Possible) Solution Fair Value problems and the FAS 157 Solution - Statement 157 Fair Value - Fair Value (Entity-Specific) vs. Fair Value (SFAS 157) - FSP FAS 157-3: Fair Value in Messy Markets - FSP FAS 157-4: Fair Value in REALLY Messy Markets - Where do We Go from Here: SEC Mark-to-Market Study - Advice for Practitioners - SEC expectations and guidance on testing valuations - The "acid test" - The "static price" test - Required disclosures - Relevant recent enforcement cases on valuation: lessons for compliance - The Citigroup case - Earlier MD&A cases - The Bear Stearns case and its implications for valuation disclosure - Reflections on the implications of the FAS 157 debate on the process for developing accounting standards - Congressional efforts to modify FAS 157 - The SEC report and its response - Congressional pressure and the changes to FAS 157 - Implications for the future development of accounting standards - Did FAS 157 contribute to the financial crisis? - The argument that FAS 157 contributed to the financial crisis - The case exonerating FAS 157 Check for Updates, Speaker Bios, Event Details etc: http://www.knowledgecongress.org/event_2009_S157_broadcast.html Registration Information: ** Discounts apply for early registration. See information below to register in this event. ** Statement 157 (Implementation Issues) Rebroadcast with LIVE Q & A Date: Wednesday, August 5, 2009 Time: 3:00pm to 4:00pm (ET) Registration Link (click link below or copy and paste into your browser): https://web.memberclicks.com/mc/quickForm/viewForm.do?orgId=gkc&formId=61749 For Group registrations please click http://www.knowledgecongress.org/group_registration.htm or call 1.800.578.4370 for more info. Unlimited Attendance Plans: The Knowledge Group/The Knowledge Congress Live Webcast Series has an extremely affordable benefit rich group preferred plan for companies that send multiple people to multiple webcasts. In addition to saving, you'll receive many exclusive benefits. Click http://www.mediafire.com/file/gzjmjgengmt/Unlimited_Attendee_Plan_21709r.pdf to download the brochure. Important Notice: Discounts apply for early registration. If you have a scheduling conflict and can't attend this live event on its scheduled date, you may want to order the full recording of the event for your review at your convenience. Please email: i...@knowledgecongress.org for any question or if you wish to order the recording. Course Level: Intermediate Prerequisite: None Method Of Presentation: Group-Based-Internet Developer: The Knowledge Group, LLC Recommended CLE/CPE Hours: 1.75 - 2.0 (Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.) Advance Preparation: Print and review course materials Course Code: 093851 Course Fee: $199 - $299 NASBA Sponsor Number: 109004 CLE We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, & Virginia, we submit programs for individual approval in advance. In New York, our programs are submitted immediately after the event live date and attendees are sent the approval codes once we receive them from the New York State Bar. All Other states: Once attendance is verified, attendees are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and therefore are designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordination: i...@knowledgecongress.org CPE Sponsors The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org Enrolled Agents Sponsor ID Number: 760 We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual. To view a list of all upcoming events, check our Events Calendar via the link below: http://www.knowledgecongress.org/events.htm Disclaimer: Please note, the event date is firm although it may be subject to change. Please check http://www.knowledgecongress.org/date_policy.html for details. About The Webcast Organizer: The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. "We bring together the world's leading authorities and industry participants through informative two-hour webcasts to study the impact of changing regulations." Opt-out of all invitation notices: To remove your email from this list, please click decl...@knowledgecongress.org and send the email with the CC number: 380264116392038 in the subject. CC: 380264116392038 The Knowledge Group, LLC * 123 Town Square Place, STE 242 Jersey City, NJ 07310 * Phone: 800.578.4370 * Fax: 646.219.5381 * Email: i...@knowledgecongress.org Copyright 2009 - 2010. The Knowledge Group, LLC. All Rights Reserved. Privacy Policy.
