Financial Institutions Conference - Full Conference

The latest accounting, auditing, taxation, and other technical issues affecting financial institutions.

Monday, Sept. 28
8:15 a.m.    Breakfast and Check-in

8:45 a.m.     Greetings from PICPA Leadership

9:00 a.m.    Banking Industry Update
Robert E. Kafafian
President & CEO
The Kafafian Group Inc.

•    Current and future role of community banks, headwinds, performance measurement, and metrics
•    Updates on data security, talent acquisition, corporate governance, and M&A activity
•    The regulatory environment, capital, risk management, margin compression, and industry consolidation
•    Branch and technology trends (1-Other)

9:50 a.m.     Financial Instruments Project and Current Expected Credit Losses
Faye E. Miller, CPA
Partner, National Professional Standards Group
McGladrey LLP

•    Current status of FASB’s financial instruments project
•    The new credit impairment model: preparation
•    Changes in classification and measurement
•    Hedge accounting: Possible future changes to simplify it (1-A&A)

10:40 a.m.     Take a Breather

10:55 a.m.     Allowance for Loan Loss Panel
Panelists:    J. Duncan Smith, CPA | EVP & CFO | Bryn Mawr Bank Corporation
Meg R. Mueller | EVP & CCO | Fulton Financial Corporation
Philip C. Jackson | President – Corporate Banking | Univest Bank & Trust Co.

•    Allowance for loan losses from the perspectives of credit and loan administration, loan underwriting, and finance and accounting
•    Acquired loans, loan modifications, troubled debt restructurings, and unallocated reserves: Impact on the allowance for loan losses
•    Historical loss factors and the qualitative environmental factors analysis in the post economic crisis environment
•    Best practices for documenting the allowance for loan losses (1-A&A)

11:45 a.m.     Regulatory Reporting
Dmitriy Gutman
Director
Deloitte & Touche LLP

•    U.S. bank reporting and regulatory requirements
•    Leading industry practices
•    Overview of primary regulations and key reports
•    Industry trends
•    Regulators’ expectations for regulatory reporting and report examination considerations (1-Other)

12:35 p.m.     Lunch Break

1:25 p.m.    Cyber Security Case Study
Sudhir Kondisetty, CISSP, CISA, QSA
Risk Advisory Consulting Principal
McGladrey LLP

•    Current security threats
•    How hackers bypass IT controls and how such an attempt is structured
•    Tips to mitigate a data security breach (1-A&A)

2:15 p.m.    COSO 2013 and Internal Control Hot Topics
Russell J. Sommers, CPA
Senior Manager
Baker Tilly Virchow Krause LLP

•    Practical steps to implement the updated COSO framework including the mapping of internal controls, updated reporting and deliverables, and conducting an entity level assessment
•    Discuss emerging external audit regulations: PCAOB Staff Audit Practice Alert 11 (SAPA11) and SAS 128
•    Highlight the key aspects, which can be merged into existing internal control documentation to ensure internal control deliverables satisfy stakeholder needs (1-A&A)

3:05 p.m.    Snacks and Chats

3:20 p.m.    SEC Hot Topics
Frank Dudek
Audit Director
Deloitte & Touche LLP

•    Securities & Exchange Commission (SEC) issues and developments that impact the current regulatory environment applicable to public companies
•    SEC rule making, disclosure effectiveness, and enforcement initiatives
•    Cybersecurity disclosure considerations
•    Comment trends (1-A&A)

4:10 p.m.    Federal Tax Update
Charles E. Marston, CPA, MST
Principal and Director, Tax Group
SR Snodgrass PC

•    Important federal tax developments of 2015
•    Hot tax issues common to financial institutions
•    Problem areas related to income tax accounting (1-Tax)

5:00 p.m.    See You Tomorrow

DAY 1 CREDITS: 2-Other; 5-A&A; 1-Tax

Tuesday, Sept. 29
8:00 a.m.    Breakfast and Check-in

8:30 a.m.     The Essential Financial Institution State Tax Briefing
Glenn Richard James, CPA, JD
Partner, Tax Services
BDO USA LLP
•    Executive summary of developments over the last year in state taxation relevant to all financial institutions with operations in Pennsylvania and contiguous jurisdictions
•    Update of the goings-on in Harrisburg, Trenton, Albany, and Annapolis (1-Tax)

9:20 a.m.     What Banks Need to Know About Running M&A Like a Line of Business?
Rick Childs, CPA, CFA
Partner, Advisory Services
Crowe Horwath LLP
        
•    Current M&A trends: Community banks and acquisition strategies
•    Success factors for making acquisitions work
•    Develop an understanding of what buyers and sellers are considering, and some of the barriers they face  (1-Other)

10:10 a.m.     Take a Breather

10:25 a.m.     How Banks Deliver Interest Rate and Foreign Currency Risk Management Solutions to Meet Customer Needs
Razvan Ionescu, CFA
Vice President | Director of Foreign Exchange Sales & Marketing Capital Markets
Susquehanna Bank

Neil Orechiwsky
Senior Vice President | Managing Director of Capital Markets
Susquehanna Bank

•    Overview of interest rate markets and hedging projects
•    Foreign exchange derivatives and products that facilitate hedging currency risk
•    International letters of credit and global trade
•    Requirements of Dodd-Frank Act as they pertain to financial risk management tools such as derivative financial instruments (1-Other)

11:15 a.m.     Accounting & Auditing Update
Barry M. Pelagatti, CPA
Assurance Partner
BDO USA LLP

•    Effect of current pronouncements on upcoming audits
•    SEC hot topics for 2015
•    What you and your board should be aware of for your next examination
•    Future outlook (1-A&A)

12:05 p.m.     Lunch Break

12:55 p.m.    Implementing Authentic Enterprise Risk Management
Jack R. Salvetti, CPA
President
SR Snodgrass PC

•    Enterprise risk management from its origins as a control mechanism through its evolution as an essential business management process
•    Role of the Board and management
•    Principles and techniques for the design and implementation of an effective program
•    Specific requirements, components, and success factors, and the potential pitfalls to avoid
•    Establishing a common framework for evaluating the risk and reward dynamic (1-Other)

1:45 p.m.    Regulatory Panel
Moderator:    M. Megan Kennedy, CPA | Head of Product Management | Aberdeen Asset Management Inc.
Panelists:    Eric K. Bowman | Supervisory Examiner | FDIC
Robert J. De Tullio, CPA, CBA | Accounting Policy Advisor & NED Team Lead – Office of the Chief Accountant | Office of the Comptroller of the Currency
Christopher J. Hahne | Manager – Risk Analytics and Surveillance Unit | Supervision, Regulation & Credit Department | Federal Reserve Bank of Philadelphia

•    Hot-button issues directly from key regulatory representatives
•    Cybersecurity
•    Regulatory resources available to assist with assessing and addressing risk exposure
•    Talent management
•    Noncore funding
•    Nonmaturity deposits  (2-Other)

3:25 p.m.     Snacks and Chats

3:40 p.m.    Compliance Management Systems (CMS)
Ann M. Aerts, CPA
Partner | PricewaterhouseCoopers LLP

Lynn Bedard
Director | PricewaterhouseCoopers LLP

Douglas A. Hallett, CPA, CISA, CFSA
Director | PricewaterhouseCoopers LLP
 
•    A history and overview of CMS and the three lines of defense model
•    Regulatory expectations of CMS and its impact on organizations
•    Common implementation and sustainability pitfalls and challenges  (1-Other)

4:30 p.m.    See You Next Year

DAY 2 CREDITS: 1-Tax; 1-A&A; 6-Other

TOTAL CREDITS: 2-Tax; 6-A&A; 8-Other

Basic Course Information

*You will get the latest accounting, auditing, taxation, and other technical issues affecting financial institutions.

* Banking Industry Update * Financial Instruments Project and Current Expected Credit Losses * Allowance for Loan Loss Panel * Regulatory Reporting * Cyber Security Case Study * COSO 2013 and Internal Control Hot Topics * SEC Hot Topics * Federal Tax Update * The Essential Financial Institution State Tax Briefing * Running M&A Like a Line of Business * How Banks Deliver Interest Rate and Foreign Currency Risk Management Solutions to Meet Customer Needs * Accounting & Auditing Update * Implementing Authentic Enterprise Risk Management * Regulatory Panel * Compliance Management Systems (CMS)