KEY TAX & ACCOUNTING ISSUES IN TROUBLED ECONOMIC TIMES
This half-day symposium provides a forum for accountants, auditors, audit committee members, corporate attorneys, CFOs, and members of academia to hear first hand from expert speakers about new trends in accounting industry.
In the wake of 2008 economic crisis and corporate excesses, the demands for transparency in financial reporting and careful documentation in auditing have grown exponentially. In the current climate, a higher degree of regulation and transparency is anticipated. While most companies have implemented Sarbanes-Oxley and FIN 48, they now face continued compliance and risk management.
An important area of discussion is IFRS adoption in the U.S. SEC's new Chair, Mary Schapiro, has recently stated that she no longer feels bound by the Commission's roadmap put out last year, and she would proceed to implement IFRS with great caution. SEC is also considering the proxy access initiative, a proposal to ensure that shareholders have a meaningful opportunity to nominate directors to corporate boards. PCAOB's recent auditing guidelines will also be examined in this context.
Recent and proposed tax law changes are the next topic of discussion at the Symposium. Health care reform, deficit reduction, energy independence, international competitiveness, climate change and expiring tax provisions weigh heavily on the minds of Congress and President Obama. The President has proposed a myriad of tax changes for businesses and individuals including letting tax provisions expire, raising taxes on individuals and certain businesses and lowering the tax rates for corporations. Revenue implications of the proposed changes are of great importance.
CPE CREDITS: 4 HOURS
Participants qualify to receive up to 4 hours of CPE credits.