Conferences
November 11, 2008 | Westin Times Square | New York, NY
Agenda
November 11, 2008
9:00 a.m. – 9:30 a.m.
Registration
9:30 a.m. – 10:30 a.m.
From Awareness to Action: Assessing the Impact of IFRS on U.S. Firms
Perhaps the single most important initiative in the financial reporting world, International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board. As IFRS becomes the financial reporting language in many more countries, consistent interpretation and application becomes ever more vital. This session will review the important questions for boards to better understand what will be involved in a conversion from GAAP to IFRS.
10:30 am. – 10:50 a.m.
Networking Refreshment Break
10:50 a.m. – 11:35 a.m.
Insight from the SEC: Why a Move to IFRS Makes Sense
Zoe-Vona Palmrose, former deputy chief accountant for professional practice in the office of the Chief Accountant at the U.S. Securities and Exchange Commission, will explain why the SEC believes a move to IFRS is the right decision and what U.S. companies can expect in the next few years.
11:35 a.m. – 12:45 p.m.
Lunch
12:45 p.m. – 2:00 p.m.
What Boards and Management Need to Do to Prepare
This session will review financial reporting, conversion process, and non-financial reporting considerations for boards and managements to better understand in order to prepare for IFRS, such as:
- What are the most significant risks associated with converting to IFRS?
- What will be the effect on management reporting?
- How will management address the need for financial information prepared under both US GAAP and IFRS during the transition period?
- Can our current IT systems handle the business’ revised data and collection requirements?
- Other than financial reporting integrity, what are the other implications for boards of directors?
- What legal ramifications should boards consider?
2:00 p.m. – 2:55 p.m.
Case Study: Deutsche Bank AG
Charlotte Jones, Managing Director, Global Head of Accounting Policy Group, Deutsche Bank AG
The Accounting Policy Group (APG) is responsible for developing Deutsche Bank’s accounting policies, interpretations and application guidance under IFRS and U.S. GAAP. Ms. Jones was the project director for the Bank’s IFRS conversion project and previously set up and ran the Bank’s Global Valuation Group.
3:00 pm. – 3:30 p.m.
IFRS vs. GAAP in Today's Financial Crisis
How does IFRS hold up in the credit crunch? Find out the answer to this question and more about the current environment.
3:30 p.m. – 4:30 p.m.
Reception
