FOURTH ANNUAL CORPORATE GOVERNANCE AND ETHICS SYMPOSIUM
November 6, 2008
This one-day symposium provides a forum for auditors, audit committee members, corporate attorneys, CFOs, and members of academia to hear first hand from expert speakers about new trends in current accounting and auditing practice. Among the main topics to be discussed by symposium presenters are:
Financial Accounting Standards Board Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes, issued in July 2006, was intended to substantially reduce uncertainty in accounting for income taxes. Its strict requirements and implementations issue, however, have generated a great deal of uncertainty.
The Securities and Exchange Commission has been in the news regarding IFRS integration and exerting its fiscal power over the Financial Accounting Standards Board. On Nov. 14, 2007, SEC voted to allow foreign private issuers to file their financial statements using International Financial Reporting Standards (IFRS) without reconciling them with U.S. generally accepted accounting standards (GAAP). This came as no surprise given the commission’s long-held view that a single set of international accounting standards would help investors to better understand and draw comparisons among investment options. But, SEC’s move was seen by some as a setback in the process of converging US GAAP and IFRS.
Other topics of the symposium include Business Combinations, and Outsourcing v. Resourcing in Accounting Industry.
CPE CREDITS: 6 HOURS
Participants can qualify to receive up to 6 hours of CPE credits and meet the Virginia Ethics portion of their CPE requirements for 2008.