Join us for 3 days in September to hear from key regulators from the Federal Reserve, SEC, FASB, PCAOB about today’s most pressing issues and stay for the informative “Ask the Experts” panel discussions and interactive Q&A sessions.
Who Should Attend
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This includes sessions from the conference: 2023 AICPA & CIMA Conference on Banks & Savings Institutions
Sessions Included:
Navigating the FASB’s Proposed ASU on Purchased Financial Assets, presented by KPMG (Sep 12, 2023 08:00 AM)
Keynote: Banking on the Future: New Concepts of Money, Regulation, & Technology (Sep 12, 2023 10:45 AM)
Mid-Size Bank Chief Accounting Officer Panel (Sep 12, 2023 02:15 PM)
FinTech Accounting and Audit Hot Topics (Sep 12, 2023 02:15 PM)
Performance and Outlook for Banks (Sep 12, 2023 02:15 PM)
Balance Sheet Strategy (Sep 13, 2023 12:10 PM)
CECL - Best Practices for 2020 Adopters and a Look at 2023 Adopters (Sep 12, 2023 04:00 PM)
My Career in Banking - How I Got Here and Lessons Along the Way (onsite only) (Sep 12, 2023 05:00 PM)
Utilizing Your Data to Improve Strategic Decisions with Visualizations, presented by Syntellis (Sep 13, 2023 08:00 AM)
Current Industry Environment & Outlook: What's Keeping You and Your Bankers Up At Night? (Sep 13, 2023 09:00 AM)
Emerging Tax Developments Impacting Your Institution (Sep 13, 2023 12:10 PM)
Community Bank Panel – Views from the C-Suite (Sep 13, 2023 02:15 PM)
Understanding ASU 2023-02 and its Impact on Investments in Tax Credit Programs (Sep 13, 2023 02:15 PM)
Ask the Experts - Large Banks (Sep 13, 2023 03:40 PM)
Current Industry Environment & Outlook: What's Keeping You and Your Bankers Up at Night? (Replay) (Sep 13, 2023 05:00 PM)
NOCLAR - Why You Should Care (Sep 13, 2023 02:15 PM)
Exponential Risk and the Banking Industry, presented by Moody's Analytics (Sep 12, 2023 08:00 AM)
Perspectives on Accounting for Digital Assets, presented by Grant Thornton LLP (Sep 13, 2023 08:00 AM)
The FASB issued the proposed ASU, Financial Instruments – Credit Losses (Topic 326), Purchased Financial Assets on June 27, 2023. The proposed ASU would address comparability and complexity concerns by eliminating the credit deterioration criteria that currently limit the use of the gross-up approach in ASC 326 solely to purchased financial assets with credit deterioration (PCD). The proposed ASU would eliminate the need for companies to determine if purchased financial assets have experienced a ‘more-than-insignificant’ credit deterioration. This change would expand the population of financial assets, other than AFS debt securities, that would be subject to the purchased financial assets accounting model (i.e. the gross-up method) in ASC 326. The gross-up method records an allowance at the date of acquisition with an offsetting entry to the asset’s amortized cost basis. The proposed amendments would be applied on a modified retrospective basis as of the beginning of the fiscal year in which a company adopted the amendments in the credit impairment standard. This approach would result in a cumulative-effect adjustment to retained earnings as of the later of (1) the beginning of that reporting period or (2) the beginning of the earliest period presented.
In this session, we will explore the eligibility requirements of the proposed ASU; the transition impacts on the provision, interest income and the effective interest rate; as well as practical examples illustrating the application of the proposed ASU.
There used to be just a few major risks that bankers cared about – credit, rates and fraud. In the era of continuous tech innovation, fintech competition and erosion of customer loyalty, new risks are taking center stage that have a compounding effect on each other. The old ways of quantifying and managing risks — as one-offs, in silos — no longer cut it. We need a new mindset by understanding risk through a growing body of knowledge and increasingly powerful analytical tools. Learn from a panel of Moody's experts about emerging risks in the banking industry, such as cyber and climate, and how these are inter-connected with traditional risks. Additionally, learn strategies that exist for banks and regulators to manage this ever-changing landscape.
Author, former regulator, industry lawyer, and futurist Thomas P, Vartanian challenges those who work with banks and other financial institutions to become more effective partners by better understanding the complex future of banking. His presentation will assess the remarkable technological changes that are impacting the U.S. economy and revolutionizing money, regulation, and financial markets. He will dissect the underappreciated risk of interest rate mismatch that decimated the S&L industry in the crisis that he handled 40 years ago and led to the collapse of banks like Silicon Valley Bank this year. He predicts a novel theory of “cooperative regulation” that he argues can more effectively regulate digital products like cryptocurrencies and assimilate technological tools like artificial intelligence that regulators can deploy to more effectively foster systemic stability and strength. His audiences are left with answers to some of the biggest challenges that the banking industry faces.
Hear from mid-sized bank CAOs/Controllers/CFO about how their banks are addressing operational, financial reporting and regulatory matters.
This session will cover accounting auditing hot topics impacting FinTech companies. We will focus on the following topics:
• Gross vs Net considerations and financial statement presentation
• Application of ASC 326 to crypto native lending
• SAB 121 and FASB's crypto assets project
• Use of third parties, including service organizations
This session will discuss recent performance of the banking industry focusing on how the rate environment and the recent bank failures have impacted banks and M&A.
Current Expected Credit Losses (CECL) has become the new status quo, but many questions and challenges relating to maintaining models under the credit loss guidance still remain. Whether a recent adopter or a seasoned pro, the volatility of 2023 has raised additional questions on how organizations can assess model performance and ensure continued effectiveness over the years. What trends have emerged in the industry regarding coverage ratios? How can an organization maintain proper controls over model performance? And what factors are management teams focusing on to implement model refinements and calibrate results?
Have you wondered how some careers have unfolded and how they got to where they are today? Join this short session to hear the journey these panelists have taken – and their wisdom. Of course, bring your questions too!
For financial institutions to create a competitive advantage in today's complicated financial environment, their reporting processes must evolve to include historical, projected, and optimal analytical components. But how do you manage massive amounts of data from disparate source systems that don't always connect to each other? And then formulate that information into a knowledgeable view that gives finance leaders the ability to make better decisions? This session will present best practices for gathering and analyzing your data to help you understand the drivers of your performance and provide tips and tricks for how to leverage the results to create timely, dynamic visualizations and support data-driven decision-making.
Join this session for an overview of current accounting issues and the FASB’s project on digital assets.
This panel will cover the landscape impacting their members – whether it is the economic environment, legislative activities, regulatory developments, standard-setting activities, or all the above, or something else impacting banks.
This session will provide attendees with an overview of emerging tax developments impacting the financial services industry and will be presented in terms that the non-tax-professional can understand. Topics to be discussed include tax planning in a rising interest rate environment, evolving tax exposure in the captive insurance and Employee Retention Credit areas, and miscellaneous federal income tax developments that may factor into your institution’s overall tax picture.
Join Scott Hildenbrand, head of the Financial Strategies group at Piper Sandler, for a discussion of balance sheet strategies and tactics in the current environment. He will explain the difference between having sight and having vision for your institution and will include market updates to contextualize the ideas and help management teams prioritize the right things as they plan ahead. He will use case studies to highlight how companies with different risk profiles have leveraged strategic options on the asset and liability sides of the balance sheet based on their institution’s goals.
Community Banks continue to face challenges and opportunities in the market place. During this panel discussion, community bankers will share their experiences and viewpoints on current issues facing the industry today.
The session will include discussion of the PCAOB's proposal related to Noncompliance with Laws and Regulations as well as key themes from comment letters submitted on the proposal.
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