Speeches at AICPA's annual SEC and PCAOB conference
12 Dec 2006
The American Institute of CPAs is holding its 2006 National Conference on Current SEC and PCAOB Developments in Washington on 11-13 December 2006, simulcast in four other cities.
Various US SEC and PCAOB representatives, including SEC Chairman Christopher Cox and PCAOB Chairman Mark W. Olson, are speaking at the conference. The conference is quite popular among SEC registrants and their auditors because the SEC and PCAOB representatives provide insights on important issues for calendar year-end reporting. Here are links to some of the presentations on the first day of the conference. We will add to this list as additional presentations are made publicly available.
Posted 12 December
- PCAOB Chairman Mark W. Olson (PDF 92k). Spoke about the PCAOB's priorities, auditor oversight, the international outlook (including international coordination and global capital markets).
- Cathy J. Cole, Associate Chief Accountant (PDF 47k). Spoke about the two-class method of computing earnings per share.
- Joseph B. Ucuzoglu, Professional Accounting Fellow (PDF 75k). Spoke about purchase price allocations, option grants with administrative delays, special classes of stock granted to employees, and postretirement benefit plan amendments.
- Zoe-Vonna Palmrose, Deputy Chief Accountant (PDF 51k). Spoke about improving audit effectiveness. Added 13 December
- Timothy S. Kviz, Professional Accounting Fellow (PDF 72k). Spoke about hedge effectiveness assessment under FAS 133. "Despite the fact that Statement 133 has been in place for over five years, hedge accounting continues to be a significant source of formal and no-name inquiries, is a contributing factor for a significant number of restatements, and it generates a large number of articles in the press."
- Scott Taub, Deputy Chief Accountant (PDF 53k). Spoke about difficulties in applying professional judgment in financial reporting.
- Joseph D. McGrath, Professional Accounting Fellow (PDF 66k). Spoke about (i) the application of fair value when accounting for certain items; (ii) the interplay of revenue recognition and sales of receivables and; (iii) the documentation requirements of Statement No. 133.
- John W. Albert, Senior Associate Chief Accountant (PDF 49k). Spoke about the interaction between the Office of Chief Accountant and the SEC's Enforcement Division in identifying and consulting on financial reporting problems that may warrant enforcement actions, including options back-dating.
- Mark Mahar, Associate Chief Accountant (PDF 60k). Spoke about materiality and SAB 108 (quantification of errors); application of FIN 46R; and professional judgment in accounting decisions. Added 14 December
- Michael W. Husich, Associate Chief Accountant (PDF 62k). Spoke about auditor independence. Added 15 December
- Michael Gaynor, Professional Accounting Fellow (PDF 62k). Spoke about risk-based evaluations of internal controls over financial reporting.
- Jenifer Minke-Girard, Senior Associate Chief Accountant (PDF 48k). Spoke about presentation and disclosure requirements, and evidence and documentation. Added 20 December
- Julie A. Erhardt, Deputy Chief Accountant (PDF 48k). Spoke about the roadmap toward convergence of IFRSs and US GAAP.
- Julie A. Erhardt, Deputy Chief Accountant (PDF 47k). Spoke about application of IFRSs by foreign SEC registrants.
- Todd E. Hardiman, Associate Chief Accountant Division of Corporation Finance (PDF 61k). Spoke about errors and materiality.
