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National Conference on Banks & Savings Institutions

National Harbor, MD

Sep 17 - 19, 2018

Conferences

AICPA National Conference on Banks & Savings Institutions

Economic and regulatory developments.

Accounting and auditing specific to banks and savings institutions.

Deeper insights and networking conversations with policymakers.

Everything you need to consider for your organization’s next steps.

Take part in a 3-day event just for:

  • Public practitioners with banks and savings institution clients
  • Preparers and/or auditors of financial statements
  • Financial executives working in large and small institutions
  • Regulators, controllers and CFOs

Key sessions to highlight in your agenda:

  • SEC Update From the Chief Accountant and Perspectives on CECL
  • Federal Banking Agencies Chief Accountants Panel and Q&A
  • FASB Update and Perspectives
  • CECL Observations From Current Implementation Efforts
  • Hedging: Observations From Early Adoption and Implementation forCommunity Banks
  • Cryptocurrency: What Is It and Why Do I Care?

4 session tracks to make the most of your time:


Large Banks

Community Banks

All Banks

Textbook Series
(Fundamentals of accounting and practical applications)

Return to your office with action-oriented benefits:

  • Implementation strategies: What to do and what not to do
  • Newfound knowledge to be a champion of change in the profession
  • A broader network and new contacts for your personal brand
Download At-A-Glance Agenda

ATTENDANCE Options

Click View Pricing/Register Now above to choose your options.

Full Main Conference | On-Site
Attend on-site in National Harbor, MD. Network with peers from around the country. Share insights and perspectives on issues affecting your everyday role. (26.5 CPE Credits).
Select Item # BAN18

Full Main Conference | Online
Attend online and don’t miss a thing! Skip the travel and attend this conference from your home or office. This option gives you access to the entire main conference sessions. You will have the ability to select your concurrent sessions and build your conference just as if you were on-site. (26.5 CPE Credits).
Select Item # BAN18ON

10 Pack | Online
This option allows you to choose any ten (10) sessions from the online conference. (CPE Varies).
Select Item # BAN18PK10

NASBA Fields of Study:

Accounting, Auditing, Behavioral Ethics, Business Law, Business Management and Organization, Economics, Specialized Knowledge, Tax

Discounts

CGMA designation holders Save $50

When you log into this website with your AICPA member user account, the section discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Agenda

SUNDAY, September 16
3:00 PM - 7:00 PM

Early Registration Open

MONDAY, September 17
7:00 AM - 6:00 PM

Registration Open

7:00 AM - 8:15 PM

Continental Breakfast

8:00 AM - 8:15 PM

Welcome & Introductory Remarks

8:15 AM - 9:30 AM

KEYNOTE

1. Economic Forecast for 2018: A Roadmap for Businesses in the Trump Era
Field(s) of Study: Economics
Knowledge Level: Intermediate | CPE: 1.5

General Session

Speaker:

 Marci Rossell, PhD, Chief Economist, CNBC

One of the most-prominent names in financial reporting, Dr. Rossell breaks down America’s current financial future as well as our place within the global economy. Looking at how we got here (including an overview of post-Recession global growth), what businesses can expect from a Trump administration, and what priorities organizations need to focus on in both the short and long-term, Dr. Rossell provides an essential roadmap for executives and consumers alike. She covers a range of essential topics including: Fed rate hikes, the renegotiation of trade deals, shifts in global currency, and government regulations.

Prerequisites: A basic understanding of the overall economic and regulatory environment.
Advanced Prep: None

9:30 AM - 9:35 AM

Change Break

9:35 AM - 10:05 AM

GENERAL SESSION

2. SEC Updates from the Chief Accountant
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: .5

General Session

Speaker:

 Wesley Bricker, CPA, JD, Deputy Chief Accountant, U.S. Securities and Exchange Commission

This session will provide participants with the opportunity to hear from the Securities and Exchange Commission's Chief Accountant, Wes Bricker, regarding accounting, financial reporting, internal control and other matters impacting the banking industry.

Learning objective:

  • Understand the Securities and Exchange Commission's point of view on current accounting topics including financial reporting, internal control and other matters that are impacting the Financial Institutions industry.

Prerequisites: Extensive experience with accounting, financial reporting, and internal controls in the banking industry.
Advanced Prep: None

10:05 AM - 10:25 AM

Networking Break - Refreshments & Vendor Displays

10:25 AM - 11:40 AM

GENERAL SESSION

3. FASB Update: Board Member & Staff Perspectives
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1.5

General Session

Speakers:

 Hal Schroeder, CPA, Board Member, Financial Accounting Standards Board
 Shaye Kuhaneck, CPA, Assistant Director, Financial Accounting Standards Board

Implementation issues have been a focus of the FASB this year as companies transition to several major new standards. In addition, the FASB continues to pursue its mission of improving financial reporting to identify areas of GAAP where improvements can be made, including the reduction of unnecessary cost, complexity and uncertainty. This session will provide you with an update on current implementation issues, recently completed or soon to be completed standards, and an overview of projects the FASB plans to tackle in the year ahead.

Key takeaways:

  • Review the most recent implementation issues, the FASB’s response to those issues, and the resources available to your organization to assist with transition
  • Understand the FASB’s most recent deliberations on taxes, leasing, and the new benchmark interest rate for hedging
  • Review the FASB’s future projects, the main provisions of those projects, and the potential impact the decisions made for those projects could have on your organization

Prerequisites: An in-depth understanding of current FASB standards released to date.
Advanced Prep: None

11:40 AM - 12:40 PM

Networking Lunch

12:40 PM - 1:30 PM

GENERAL SESSION

4. PwC: Our Journey and Commitment to Diversity & Inclusion
Field(s) of Study: Personal Development
Knowledge Level: Intermediate | CPE: 1

General Session

Speakers:

 Maria Castañón Moats, Vice Chairman and US Assurance Leader, PwC

PwC’s reputation lies in building lasting relationships and delivering quality and value in all we do. Diversity is a critical enabler of our business strategy, as clients look to us for broad thinking and perspectives. Diversity is a complex subject and we realize there are no easy answers. We’re on a journey, and our culture continues to evolve and grow.

Learning ojective:

  • Understand how diversity and inclusion can play a critical role in business strategy, culture and building lasting relationships

Prerequisites: A basic understanding of the benefits of diversity and inclusion.
Advanced Prep: None

1:30 PM - 1:40 PM

Change Break

1:40 PM - 2:30 PM

GENERAL SESSION

5. Hot Topics in the Office of the Chief Accountant (OCA) at the SEC
Field(s) of Study: Accounting, Accounting (Governmental)
Knowledge Level: Advanced | CPE: 1

General Session

Speakers:

 Sagar Teotia, CPA, Deputy Chief Accountant, U.S. Securities and Exchange Commission
 Marc Pannucci, CPA, Deputy Chief Accountant, U.S. Securities and Exchange Commission

This session will have two deputy chief accountants highlight relevant and hot topics in OCA in the Financial Institutions industry for the audience.

Learning ojectives:

  • Gain an understanding of various hot topics in OCA
  • Hear about the work being performed in OCA related to CECL
  • Learn about recent SEC staff consultations

Prerequisites: Extensive experience with accounting and financial reporting in the banking industry.
Advanced Prep: None

2:30 PM - 3:00 PM

Networking Break - Refreshments & Vendor Displays

3:00 PM - 4:15 PM

CONCURRENT SESSIONS (Select One)

6. Corporation Finance & OCA Update
Field(s) of Study: Accounting, Specialized Knowledge
Knowledge Level: Intermediate | CPE: 1.5

All Banks

Speakers:

 John Nolan, CPA, MBA, Senior Assistant Chief Accountant, U.S. Securities and Exchange Commission
 Stephanie Sullivan, CPA, Senior Technical & Policy Advisor, U.S. Securities and Exchange Commission
 Michael Berrigan, CPA, Professional Accounting Fellow, U.S. Securities and Exchange Commission, Office of the Chief Accountant

This session will provide an update on relevant topics and issues from the Division of Corporation Finance and the Office of the Chief Accountant.

Learning objectives:

  • Corporate Finance (CorpFin) update
  • Observations re Comment themes
  • Gain an understanding of recent Accounting Standards
  • Observations with respect to OCA consultations

Prerequisites: Extensive experience with accounting and financial reporting in the banking industry.
Advanced Prep: None

7. Navigating Through a Fed Tightening Rate Cycle Different from All the Rest
Field(s) of Study: Finance
Knowledge Level: Intermediate | CPE: 1.5

Community Banks

Speaker:

 Frank Farone, Managing Director, Darling Consulting Group

Bankers are euphoric now that interest rates have risen after the extraordinary turmoil following the financial crisis and a protracted period of the lowest rates in their lifetimes. This “surprise” jump in rates arose post-election in anticipation of higher economic growth, ramped up infrastructure spending, higher inflation, lower taxes and less regulatory burden for bankers…all positive for bank earnings and so far, most everything is going as planned. But unanticipated risks may be lurking in the background that many may be overlooking. Buckle up and get ready for a wild ride in 2018!

Key Takeaways:

  • Understand the historical timing and pace of deposit rate changes over rising rates cycles and when to expect the “tipping point” to arrive and what to do about it
  • When developing strategies. Learn how to gain a more accurate assessment of your banks’ risk
  • Learn how to use derivatives to gain a competitive advantage that many have yet to discover
  • Understand what makes an Asset and Liabilty Management Committees (ALCOs) a high performer versus low performer.

Prerequisites: An understanding of asset/liability management in current banking operations.
Advanced Prep: None

4:15 PM - 4:25 PM

Change Break

4:25 PM - 5:40 PM

CONCURRENT SESSIONS (Select One)

8. PCAOB Update: Perspectives from a Board Member
Field(s) of Study: Auditing
Knowledge Level: Advanced | CPE: 1.5

All Banks

Speaker:

 James Kaiser, CPA, Board Member, Public Company Accounting Oversight Board

Fifteen years into its existence, the PCAOB is taking the opportunity to reflect on lessons learned, to innovate, and to ultimately improve how it approaches its oversight of the auditing profession in an increasingly dynamic environment. In this regard, the PCAOB is taking a new approach to strategic planning for 2019, one that incorporates public input. James G. Kaiser, a current Board member of the PCAOB, will discuss this process and provide an update on the draft plan and with it share the PCAOB’s mission, vision, and strategic goals.

Key takeaways:

  • What is the PCAOB’s vision for the future?
  • What strategic goals does the PCAOB intend to meet over the next five years in order to achieve its mission?

Prerequisites: An extensive understanding of auditing techniques in the banking industry.
Advanced Prep: None

9. CFO Panel
Field(s) of Study: Accounting
Knowledge Level: Intermediate | CPE: 1.5

Community Banks

Speakers:

 Tom Adams, CPA, Chief Financial Officer, American Bank, N.A.
 Brian Canina, SVP & CFO, PeoplesBank
 Jamie Moses, Chief Financial Officer, Berkshire Hills Bank

This session will include a panel of Chief Financial Officers (CFOs) discussing a wide range of current hot topics effecting their Financial Institutions. Topics include:

  • Discussion of current accounting standards effecting their Financial Institutions,
  • Key takeaways for implementing current accounting standards,
  • Observations regarding key operational issues effecting their Financial Institutions,
  • Observation of the current Financial institution environment, and
  • Identification of risks and challenges that their Financial Instiution is facing along with their strategic solutions.

Learning ojectives:

  • Learn about current accounting standards that are effecting Financial Institutions
  • Learn about implementation strategies for key accounting standards facing Financial Instituions
  • Understand risks and challenges facing Financial Institutions in this current dynamic environment

Prerequisites: An extensive understanding of the new CECL (ASC 326) standard.
Advanced Prep: None

5:40 PM - 6:40 PM

Networking Reception

TUESDAY, September 18
6:30 AM - 5:30 PM

Registration

700 AM - 8:30 AM

Continental Breakfast and Exhibits

7:30 AM - 8:20 AM

EARLY RISER

201. Ethics Update
Field(s) of Study: Regulatory Ethics
Knowledge Level: Intermediate | CPE: 1

Early Riser

Speaker:

 James West, Manager - Independence & Behavioral Standards, AICPA

This session will provide attendees with an update on recent changes to the Code of Professional Conduct and also refresher on other ethical topics that the hotline staff are frequently asked about. In addition to understanding changes to your ethical responsibilities an emphasis will be made on understanding responsibilities related to records when selling, transferring, discontinuing or acquiring a practice.

Learning objectives:

  • Provide attendees with an understanding of the changes to the independence standards
  • Provide attendees with an understanding of various tools that the ethics division has developed

Prerequisites: A basic understanding of ethics in the corporate world.
Advanced Prep: None

202. Practical Strategies to Manage Interest Rate Risk Using Derivatives
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1

Early Riser

Speaker:

 Todd Cuppia, Chatham Financial
 Eri Panoti, Chatham Financial

On August 28th, 2017 the FASB issued ASU 2017-12, which significantly expands the risk management toolkit available to Financial Institutions. Todd Cuppia and Eri Panoti will provide a practical guide to implementing the new balance sheet hedging strategies afforded by the updated standard. The new last-of-layer designation significantly increases an institution’s ability to manage the interest rate risk of pre-payable fixed-rate assets, in an accounting friendly framework. This session will focus on both the strategy considerations and financial statement impacts of the new techniques, using real life examples from our clientele. In addition to a deep-dive on the new last-of-layer technique, the session will explore the practical considerations of hedging CDs, non-indexed MMDAs, and the pros and cons of utilizing caps and floors to mitigate interest rate risk.

Learning objectives:

  • Understand the current risk environment for interest rates
  • Understand hedging strategies to mitgate interest rate risk

Prerequisites: Experience with risk management techniques including interest rate risk and derivative hedging.
Advanced Prep: None

203. Early CECL Implementations Insights: The Expected and Unexpected
Field(s) of Study: Accounting
Knowledge Level: Intermediate | CPE: 1

Early Riser

Speaker:

 John Lankenau, Senior Vice President – Product and Operations, SS&C Primatics

It has been over 2 years since the FASB issued the new CECL standard. Many banks have started implementing CECL and we are quickly gaining insights from these institutions. Find out how financial institutions are implementing CECL and explore the understanding gathered thus far:

Learning objectives:

  • An update on progress made throughout the industry with regard to CECL transition
  • Overview of CECL implementation approaches and methodologies adopted by the industry
  • Lessons learned thus far
  • Considerations for the road to 2020 and beyond

Prerequisites: An extensive understanding of the new CECL (ASC 326) standard.
Advanced Prep: None

204. TBD
CPE: 1

Description coming soon.

8:20 AM - 8:30 AM

Change Break

8:20 AM - 8:30 AM

Chair Remarks

8:35 AM - 9:50 AM

GENERAL SESSION

10. Perspectives on Regulatory Landscape
Field(s) of Study: Business Law, Regulatory Ethics
Knowledge Level: Intermediate | CPE: 1.5

General Session

Speaker:

 Rodgin Cohen, Senior Chairman, Sullivan & Cromwell LLP

This session will provide a legislative/regulatory update on the Financial Choice Act (FCA). Participants will leave the session with a greater familiarity with the new landscape and an awareness of potential future changes.

Learning objectives:

  • Understand the actual and symbolic changes to the Financial Choice Act
  • Understand implications of those changes for the regulatory landscape

Prerequisites: In-depth experience with regulatory requirements in the banking industry.
Advanced Prep: None

9:50 AM - 9:55 AM

Change Break

9:55 AM - 11:35 AM

GENERAL SESSION

11. Federal Banking Regulator Chief Accountant Panel
Field(s) of Study: Accounting
Knowledge Level: Intermediate | CPE: 2

General Session

Speakers:

 Robert Storch, Chief Accountant, Federal Deposit Insurance Corporation
 Joanne Wakim, CPA, Chief Accountant, Federal Reserve Board
 Sydney Menefee, Deputy Comptroller and Chief Accountant, Office of the Comptroller of the Currency

Hear from the Chief Accountants of the Federal Bank Regulatory Agencies as they discuss recent developments as well as current perspectives from the agencies. Learn the latest on accounting, reporting and other developments directly from the chief accountants. Participants will here views from the banking regulators on CECL as well as other emerging issues.

Learning objectives:

  • Learn about recent regulatory reporting and supervisory policy developments at the Federal Bank Regulatory Agencies
  • Learn about the Agencies' perspectives on the implementation of recent accounting standards

Prerequisites: Extensive experience with accounting and financial reporting in the banking industry.
Advanced Prep: None

11:35 AM - 11:55 AM

Networking Break - Refreshments & Vendor Displays

11:55 AM - 12:45 PM

GENERAL SESSION

12. Federal Banking Regulators Chief Accountant Q&A
Field(s) of Study: Accounting
Knowledge Level: Intermediate | CPE: 1

General Session

Speakers:

 Robert Storch, Chief Accountant, Federal Deposit Insurance Corporation
 Joanne Wakim, CPA, Chief Accountant, Federal Reserve Board
 Sydney Menefee, Deputy Comptroller and Chief Accountant, Office of the Comptroller of the Currency

Hear from the Chief Accountants of the Federal Bank Regulatory Agencies as they discuss recent developments as well as current perspectives from the agencies. Learn the latest on accounting, reporting and other developments directly from the chief accountants. Participants will here views from the banking regulators on CECL as well as other emerging issues.

Learning objectives:

  • Learn about recent regulatory reporting and supervisory policy developments at the Federal Bank Regulatory Agencies
  • Learn about the Agencies' perspectives on the implementation of recent accounting standards

Prerequisites: Extensive experience with accounting and financial reporting in the banking industry.
Advanced Prep: None

12:45 PM - 1:45 PM

Networking Lunch

1:45 PM - 3:00 PM

GENERAL SESSION

13. CECL Observations from Current Implementation Efforts
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1.5

General Session

Speakers:

 Judy Cieselski, CPA, Executive Vice President, Wells Fargo & Company
 Julie Harris, Managing Director; Enterprise Credit Data, Allowance and Reporting Risk Executive, Bank of America
 Balvider Sangha, PhD, Principal, EY LLP
 Brent Saffell, SVP Credit Administration, Bank of Oklahoma
 Grace Vallacchi, EVP & Chief Risk Officer, Ocean First Bank

Learn how Financial Institutions have been working toward implementation following the release of ASU 2016-13 in June 2016 (ASC 326). This session will provide best-practice perspective on CECL implementation design and execution. The presenters will cover critical challenges and success factors when implementing CECL including: Corporate Governance strategy, Data and systems determination, Model and Methodology assessments, reasonable and supportable forecasting, Disclosure considerations and overall stakeholder communication.

Learning objectives:

  • Learn about critical challenges when implementing CECL
  • Learn about critical strategies and successes when implementing CECL

Prerequisites: Hands on experience with the fundamentals of the new CECL (ASC 326) standard.
Advanced Prep: None

3:00 PM - 3:30 PM

Networking Break - Refreshments & Vendor Displays

2:35 PM - 3:50 PM

CONCURRENT SESSIONS (Select One)

14. Tax Reform - What Every Financial Instution Needs to Know
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5

All Banks

Speaker:

 David Thornton, CPA, Partner, Crowe Horwath LLP

This session will provide attendees with an overview of tax reform measures impacting the financial services industry and will be presented in terms that the non-tax-professional can understand. Topics to be discussed include an overview of tax law changes of interest to financial institutions, discussion of current tax planning strategies for maximizing the benefit of tax reform measures and assessing the ongoing financial statement and regulatory capital impacts resulting from these changes.

Learning objectives:

  • This session will enable attendees to identify significant tax law changes resulting from federal tax reform enactment that are of interest to financial institutions
  • Attendees will be able to identify potential tax planning strategies that can be applied currently to maximize the benefit of the federal income tax rate reduction effective in 2018
  • Attendees will be able to understand how tax reform measures will potentially change the determination and reporting of financial statement income tax disclosures and regulatory capital calculations

Prerequisites: A basic understanding and experience with taxes in the banking industry.
Advanced Prep: None

15. Mergers and Acquisitions
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1.5

Advanced Accounting Textbook Series

Speakers:

 Tom Adams, CPA, Chief Financial Officer, American Bank, N.A.
 Angela Ho, Senior Vice President & Principal Accounting Officer, OceanFirst Bank

This session will provide attendees an overview of real life situatoins involving mergers and acquisitions. The session will have a hands-on approach including examples of how mergers and acquisitions should be proactively managed along with an understanding key challenges and successes upon implementation.

Learning objectives:

  • This session will enable attendees to understand the complexities of mergers and acquisitions
  • This session will enable attendees to understand real life situations and examples of mergers and acquisitions in order for them to proactively manage and understand risk along with key successes upon implementation

Prerequisites: Hands on experience with mergers and acquisitions in the banking industry.
Advanced Prep: None

16. Hedging: Observations from Adoption
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1.5

All Banks

Speakers:

 Jeannine Hyman, CPA, Director, Citi
 Aaron Netten, CPA, Accounting Policy Manager, Wells Fargo
 Mahesh Narayanasami, KPMG

Join us for a walkthrough of the key changes to the hedge accounting standard and potential new hedging strategies it will afford.

Learning objectives:

  • Understand key changes to the hedge accounting standard.
  • Understand how to effectively implement the hedge accounting standard to help your Financial Institution manage risk and maximize hedging strategies

Prerequisites: Hands on experience with hedging techniques.
Advanced Prep: None

17. Performance & Outlook for Banks Nationwide / M&A
Field(s) of Study: Business Management & Organization
Knowledge Level: Advanced | CPE: 1.5

All Banks

Speaker:

 TBD

This session will discuss the performance of the Financial Institution Industry for private and public Banks and share our outlook for the next several quarters utilizing real time trends and analysis.

Learning objectives:

  • Learn information oeprating trends within the Financial Institutions from the latest quarterly disclosures
  • Learn about the overall M&A environment and strategies to effectively manage Credit Quality

Prerequisites: An extensive understanding of banking operations and valuations within the current environment.
Advanced Prep: None

4:45 PM - 4:55 PM

Change Break

4:55 PM - 5:45 PM

CONCURRENT SESSIONS (Select One)

18. Community Banks Hot Topics
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1

Community Banks

Speakers:

 Sydney Garmong, CPA, CGMA, Partner, Crowe LLP
 Jeffrey Greer, CPA, Associate Chief Accountant, Office of the Comptroller of the Currency
 Mike Lundberg, Partner, RSM US LLP
 Todd Sprang, Principal, CliftonLarsonAllen, LLP

This panel discussion will focus on key accounting issues faced by community banks. Join this moderator-led discussion for the hot topics of the day that are impacting community banks. With the goal of providing tangible takeaway nuggets, community bank auditors will cover the latest issues on accounting, financial reporting, auditing, operational issues and more. Learning Objectives: Goal of providing tangible takeaway nuggets, community bank auditors will cover the latest issues on accounting, financial reporting, auditing, operational issues and more.

Learning objectives:

  • Learn about latest developments on accounting and financial reporting for community bankers and their auditors.
  • Gain actionable takeaways for community bankers and their auditors.
  • Learn about latest issues impacting community banks being discussed by the AICPA's Depository Institutions Expert Panel (DIEP)

Prerequisites: Extensive experience with accounting and financial reporting issues in the banking industry.
Advanced Prep: None

19. Ask The Experts Panel - Large Banks
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1

Large Banks

Speakers:

 Mario Mastrantoni, CPA, Director of Accounting, Wells Fargo
 Chris Ackerlun, CPA, MBA, Senior Vice President, Bank of America
 Linda Bergen, CPA, Non-Financial/Non-Accounting - Director/Manager, Citigroup
 Bret Dooley, CPA, Managing Director, JP Morgan Chase
 Richard Juntilla, CPA, Accounting Policy Director, U.S. Bancorp

Don't miss this opportunity to ask controllers and accounting policy experts your critical accounting questions.

Learning objectives:

  • Understand key issues that are effecting Large Financial Institutions
  • Learn about the key challenges and successes that face Large Financal Institutions

Prerequisites: Extensive experience with accounting and financial reporting issues in the banking industry.
Advanced Prep: None

5:35 PM - 6:35 PM

Reception

WEDNESDAY, September 19
7:00 AM - 4:30 PM

Registration and Information Center Open

7:00 AM - 8:30 AM

Continental Breakfast and Exhibits

7:30 AM - 8:20 AM

EARLY RISER

205. TBD
CPE: 1

Description coming soon.

206. TBD
CPE: 1

Description coming soon.

207. TBD
CPE: 1

Description coming soon.

208. TBD
CPE: 1

Description coming soon.

8:20 AM - 8:30 AM

Change Break

8:30 AM - 8:35 AM

Closing Remarks

8:35 AM - 9:50 AM

KEYNOTE

20. Bank of the Future
Field(s) of Study: Business Management & Organization
Knowledge Level: Intermediate | CPE: 1.5

General Session

Speaker:

 Jeff Wallace, CFO, Global Technology & Operations, Bank of America

Understanding the massive changes to Financial Institutions and how they will be run by Artifical Intelligence (robots) supplemented by Blockchain and Distributed Ledger Technology (DLT).

Prerequisites: A basic understanding of accounting and financial reporting in the banking industry.
Advanced Prep: None

9:50 AM - 9:55 AM

Change Break

9:55 AM - 11:10 AM

GENERAL SESSION

21. CECL Panel: AICPA Credit Losses, TRG
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1.5

General Session

Speakers:

 Sydney Garmong, CPA, CGMA, Partner, Crowe Horwath LLP
 Frederick Currie, Partner, PwC
 Mario Mastrantoni, CPA, Director of Accounting Policy, Wells Fargo
 Mark Northan, CPA, Partner, KPMG LLP
 Jonathan Howard, CPA, Partner, Deloitte & Touche LLP

This session is designed to provide participants with the latest updates and insights on interpretive issues around the FASB's credit losses standard, which introduces the Current Expected Credit Losses (CECL) model. The session will include updates from the FASB's Credit Losses Transition Resource Group (TRG) discussions as well as issues being discussed by a variety of industry groups, including the AICPA Depository Institutions Expert Panel (DIEP).

Key takeaways:

  • Understand what issues have been discussed and resolved, what is still in process – and what might be around the corner when interpreting FASB’s credit losses standard
  • Learn about latest CECL questions being discussed, including discussions at the FASB’s Transition Resource Group (TRG) and the AICPA Depository Institutions Expert Panel (DIEP)

Prerequisites: Extensive experience with accounting and financial reportings in the banking industry.
Advanced Prep: None

11:10 AM - 11:40 AM

Networking Break - Refreshments & Vendor Displays

11:40 AM - 12:55 PM

CONCURRENT SESSIONS (Select One)

22. Blockchain & Crypto: What is it and Why Do I Care?
Field(s) of Study: Accounting, Auditing, Information Technology, Specialized Knowledge
Knowledge Level: Overview | CPE: 1.5

All Banks

Speakers:

 Will Bible, CPA, Partner, Deloitte & Touche LLP
 Gys Hyman, Principal, Ernst & Young LLP

Join us for our blockchain and cryptocurrency learning session. This learning event will feature presentations by Deloitte professionals providing an overview of the blockchain technology that underlies the recent wave of cryptocurrencies (digital assets recorded on a blockchain). Participants will learn insights on the risk assessment and control environment for enterprises leveraging blockchain and considerations for the accounting and regulation for cryptocurrencies.

Learning objectives:

  • Understand the fundamentals of blockchain technology
  • Recognize operational aspects of blockchain transactions, wallets, coins, tokens, smart contracts and oracles
  • Understand the considerations for risk assessment and control environment for blockchain
  • Identify accounting considerations and regulations for digital assets (e.g. cryptocurrencies)

Prerequisites: None
Advanced Prep: None

23. Hedge Accounting - You Can Do it Too!
Field(s) of Study: Accounting, Auditing, Specialized Knowledge
Knowledge Level: Intermediate | CPE: 1.5

Advanced Accounting Textbook Series

Speakers:

 Chris Moore, CPA, Partner, Crowe Horwath LLP
 Faye Miller, CPA, Partner, RSM US LLP

FASB’s recently issued ASU 2017-12 simplifies hedge accounting and provides opportunities for new strategies. In this session, we will discuss hedges common to community banks that can be easily implemented and how to take advantage of the improvements brought about by the ASU. If you are new to hedging or find it too complex, this session is for you.

Key takeaways:

  • Understand the differences in hedging techniques
  • Understand the different hedge documentation strategies and which have the least on-going compliance efforts.
  • Learn the key concepts of the new ASU including: contractually specified rates, partial term, last-of-layer method, the benchmark component of the contractual coupon, and qualitative effectiveness assessments
  • Understand hedging pitfalls to avoid

Prerequisites: A basic understanding of hedge accounting in the banking industry.
Advanced Prep: None

12:55 PM - 1:55 PM

Networking Lunch

1:55 PM - 3:10 PM

CONCURRENT SESSIONS (Select One)

24. CECL For Community Banks
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1.5

Community Banks

Panelists:

 Larry Sorensen, Chief Financial Officer, Washington Trust Bank

This session will cover practical implementation and operational considerations of the CECL model for community banks.

Learning objectives:

  • Gain an understanding of how data and risk elements will affect your methods of segment/class allocation
  • Understand how the CECL model impacts operations and best practices for effective implementation

Prerequisites: An in-depth understanding of the new CECL (ASC 326) standard.
Advanced Prep: None

25. Cyber Security Engagements
Field(s) of Study: IT
Knowledge Level: Advanced | CPE: 1.5

All Banks

Speakers:

 Phil Nemmers, CPA, Partner, Ernst & Young LLP
 Amy Pawlicki, VP - Assurance & Advisory Innovation, AICPA

Cybersecurity threats are escalating, unnerving the boards of directors, managers, investors and other stakeholders of organizations of all sizes. It has become a topic of interest to every financial institution as regulators increase their focus on cyber risks and controls. Financial intuitions are under increasing pressure to demonstrate that they are managing threats, and that they have effective processes and controls in place to detect, respond to, mitigate and recover from cybersecurity events, both in their organizations and in their vendor supply chains. In response to this increased focus, the AICPA has developed a new cybersecurity risk management framework that financial institutions can use to communicate their cybersecurity efforts to key stakeholders. The framework supports the AICPA’s new SOC for cybersecurity examination which enables the CPA to provide an independent opinion on a financial institution’s cybersecurity risk management program. The AICPA is also working on a new SOC for Vendor Supply Chains service to help support organizations vendor risk management activities, including the efforts of financial institutions to address systemic risk across the broader connected financial system.

Learning objectives:

  • Understand why cybersecurity is an important risk management issue for financial institutions
  • Understand marketplace demands driving the need for communication about financial institution cybersecurity risk management efforts
  • Learn about the three elements of the AICPA’s cybersecurity risk management framework, including;
    • Description Criteria,
    • Trust Services Criteria (Control Criteria), and
    • SOC for Cybersecurity guidance for reporting on an Entity’s Cybersecurity Risk Management Program and Controls
  • Learn about the evolution of the Trust Services Criteria, and how they are more cyber-centric
  • Understand how the new Trust Services Criteria will affect both SOC for Service Organizations and SOC for Cybersecurity and Vendor Supply Chain services

Prerequisites: In-depth knowledge of cybersecurity issues within the banking industry.
Advanced Prep: None

26. Classification and Measurement: ASU 2016-01
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1.5

Advanced Accounting Textbook Series

Speakers:

 Dave Augustyn, CPA, Partner, KPMG LLP
 David DeBrunner, CPA, CGMA, Vice President, Chief Accounting Officer and Controller, Ally Financial, Inc.

This session includes a hands on approach to the classificaiton and measurement standard including best practices in adoptions along with a discussion of the key elements surrounding the adoption of the new Financial Instruments Classification and Measurement accounting standard.

Key takeaways:

  • Obtain an understanding of the key technical and operational issues surrounding the adoption of the standard including best practices in completing the adoption exercise

Prerequisites: In-depth knowledge of the Classification and Measurement (ASU 2016-01) standard.
Advanced Prep: None

3:10 PM - 3:20 PM

Change Break

3:20 PM - 4:35 PM

CONCURRENT SESSIONS (Select One)

27. Revenue Recognition: Implementation at Community Banks
Field(s) of Study: Accounting
Knowledge Level: Intermediate | CPE: 1.5

Community Banks

Speakers:

 Daniel Morrill, Member, Wolf & Co.
 Angela Ho, Senior Vice President & Principal Accounting Officer, OceanFirst Bank

This session will cover practical implementation and operational considerations of the revenue recognition standard for community banks.

Learning objectives:

  • Gain an understanding of what types of revenue streams are effected by the new revneue recognition standard
  • Understand how to implement the new revenue recognition standard along with key considerations upon adoption

Prerequisites: A basic understanding of the fundamentals within the updated revenue recognition standard.
Advanced Prep: None

28. Leases: Ready, Set, Go!, A Practical Guide to Implementation
Field(s) of Study: Accounting
Knowledge Level: Intermediate | CPE: 1.5

All Banks

Speakers:

 Esther Mills, CPA, President, Accounting Policy Plus
 Lee Keel, CPA, Accounting Policy Manager, Wells Fargo
 Brandon Coleman, Partner, Deloitte

Participants will learn how to apply the new leasing standard and get ready for implementation on 1/1/2019. This session will provide participants with

  • An overview of the standard,
  • An understanding of the latest updates to the standard,
  • Insight into issues faced by preparers,
  • Suggestions on how to implement the standard efficiently

Key takeaways:

  • Gain an understanding of the standard
  • Learn about the latest updates to the standard
  • Gain Insight into issues faced by preparers
  • Understand how to implement the standard efficiently

Prerequisites: In-depth understanding of the new leasing standard.
Advanced Prep: None

Group Sales Savings

Create learning retreats for your team!

Groups of 2-9 can receive significant savings when registering for one conference. Contact AICPA customer service team to learn more: 888.777.7077.

10+ conference registrations each year qualify for significant savings. The benefits don’t stop there! You will receive invoicing before or after the event. Register your group here.

For more information or guidance through the registration process, contact your conference group sales representative, Corinne Alford at Corinne.Alford@aicpa-cima.com.

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Travel & Accommodations

Gaylord National Hotel and Convention Center
201 Waterfront Street
National Harbor, MD 20745

Room rate:$285 single/double ROH plus 18% tax
Rate is inclusive (Resort fee is part of the $285 rate)
Cutoff date: August 17, 2018

Hotel phone: 301-965-4000
Reservations: 800-429-5673
Online Reservations

Online Conference System Requirements

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NOTE: For sessions that are audio-only, you use the same player and have the experience as the above demo page, but there will be a static image in place of the video stream.

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  • Computer with Speakers / Headset
  • High speed internet connection

Cancellation Policy

On-Site Conference: You may cancel without penalty if cancellation request is received up to and including 45 days prior to the start of the conference. Due to financial obligations incurred by the AICPA, a credit less 50% of the registration fee will be issued for requests received up to and including 21 days prior to the start of the conference. No refunds or credits will be issued on cancellation requests received less than 21 days prior to the start of the event.

Online Conference: You may cancel and receive a refund if cancellation request is received up to and including 15 days prior to the start of the conference. You can cancel and receive a 100% credit if your registration is canceled within 7 days of the start of the conference. Due to financial obligations incurred by the AICPA, a 60% credit will be issued for requests received up to the day prior to the start of the conference. No refunds or credits will be issued on cancellation requests received once the online conference begins.

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