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Program Agenda: Conference Day One
Wednesday, September 24, 2008
| 8:00 - 9:00 |
Registration and Continental Breakfast |
8:00 - 9:00 |
9:00 - 9:10
Welcome and Opening Remarks from the Chair
Sean Morrison, Partner, Complex Accounting and Transaction Expertise Group, Deloitte
9:10 - 10:10
OSC Regulatory Update
Recent Changes and Latest Developments for Which You Need to Prepare
Marion Kirsh, Associate Chief Accountant, Ontario Securities Commission
- Update on activities and initiatives at the Ontario Securities Commission
- Revised rules on the reporting of internal controls
- Recent updates from the regulator
- Update on disclosure requirements
10:10 - 11:10
SEC Regulatory Update
Latest SEC Developments: What Is the Impact on Your Organization?
Bridgette J. Hodges, Senior Manager, SEC Regulatory Group, Grant Thornton LLP (McLean, Virginia)
- Update on what's going on at the SEC
- New rules that are being published
- CIFiR update: what they have recommended in their final report on acceptance of IFRS in the U.S.
- SOX 404
- Other hot topics in accounting and comment letter trends
| 11:10 - 11:20 |
Networking Break |
11:10 - 11:20 |
11:20 - 12:20
Dealing with the Main Differences between IFRS and Canadian GAAP
Diana Dunlop, Deloitte
- Where will IFRS diverge from Canadian GAAP?
- Implications for cross-listed companies
- Focusing your conversion efforts
- Upcoming changes occurring by 2011
| 12:20 - 1:30 |
Luncheon Break |
12:20 - 1:30 |
1:30 - 2:10
Implementing the New Standards for Business Combinations
Barbara Maynard, Senior Manager, National Assurance and Professional Practice, KPMG
Sylvie Léger, Partner, National Assurance and Professional Practice, KPMG
- Overview of the proposed changes to CICA Handbook Sections 1581, Business Combinations, and 1600, Consolidated Financial Statements
- identifying a business combination
- measuring the consideration transferred
- recognizing and measuring assets acquired and liabilities assumed, and any non-controlling interest in the acquiree
- applying acquisition accounting to business combinations achieved in stages
- subsequent accounting for non-controlling interests
- disclosure requirements
2:10 - 2:50
Financial Reporting Challenges in Current Credit Markets and Beyond
David Dalziel, Senior Manager, Complex Accounting and Transaction Expertise Group, Deloitte
- Fair value measurements in illiquid markets
- Canadian perspectives: non-bank-sponsored asset-backed commercial paper (ABCP)
- U.S. perspectives: auction rate securities
- FAS 157 fair value measurements
- Recent FASB developments: accounting derecogniton and variable interest entities (VIEs)
| 2:50 - 3:00 |
Networking Break |
2:50 - 3:00 |
3:00 - 4:00
Canadian and U.S. GAAP Differences on Adopting IFRS: Impairment of Assets
Gabriela Kegalj, Partner, National IFRS Services Group, KPMG
Lianne Hannaway, Senior Manager, National IFRS Services Group, KPMG
- Key differences on impairment between IFRS and U.S. GAAP
- New impairment testing model under IFRS
- Areas that will affect your organization the most
4:00 - 5:00
Canadian and U.S. GAAP Differences on Adopting IFRS: Impairment of Assets
Gabriela Kegalj, Partner, National IFRS Services Group, KPMG
Lianne Hannaway, Senior Manager, National IFRS Services Group, KPMG
- Key differences on impairment between IFRS and U.S. GAAP
- New impairment testing model under IFRS
- Which areas will affect your organization the most?
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