SEC Reporting and Disclosure Effectiveness Course

Agenda

Agenda topics, timing and speakers subject to change.

 
 

Thursday, March 28 | 8:30 am – 5:30 pm

 

8:30 am - 9:00 am

Registration and Breakfast
 

 

9:00 am – 9:15 am

Introduction and Course Overview

 
 

9:15 am – 10:30 am

Business and Risk Factors (10-K/10-Q)
  • Development of Business - S-K requirements, what else to consider?  
  • Business discussion - best practice suggestions and examples
  • Risk factors – S-K requirements, use of plain English
  • Cybersecurity disclosures
  • Risk factor categorization and updating considerations
  • Generic risk factors
  • Risk factors - best practice suggestions and examples
 
 

10:30 am – 10:45 am

Break

 
 

10:45 am – 12:30 pm

MD&A – Purpose and Objectives
  • S-K requirements/evolution of interpretive guidance
  • Purpose and objectives 
  • Prospective information – 2 part disclosure test 
  • SEC comment letter example
  • MD&A overview section
  • Overview - best practice suggestions and examples
 
 

12:30 pm – 1:00 pm

Lunch
 
 

1:00 pm – 3:00 pm

MD&A – Results of Operations
  • Results of operations analysis
  • Materiality definition and considerations
  • Results of operations - Impacts to consider
  • SEC areas of concern
  • Best practice suggestions and examples
MD&A – Liquidity and Capital Resources
  • Evaluation of cash flows, trends and uncertainties
  • Financing arrangements and debt instruments
  • Contractual obligations (on and off-balance sheet)
  • Capital structure
  • Availability of funds to meet near-term and longer term requirements
  • SEC areas of concern
  • Liquidity and capital resources - best practice suggestions and examples
 
 

3:00 pm – 3:15 pm

Break

 

3:15 pm – 4:15 pm

Additional Requirements
  • Disclosures regarding new accounting standards (SAB 74)
  • Critical accounting estimates
  • SEC areas of concern
  • Accounting standards and critical accounting estimates - best practice suggestions and examples
  • Market risk disclosures
  • Market risk disclosures – best practice suggestions and examples 
  • Safe harbor provisions
Use of Non-GAAP measures and KPIs
  • SEC guidance for furnished vs filed disclosures 
  • Use of Non-GAAP/KPI’s in earnings release and MD&A
  • SEC areas of concern
  • Best practice suggestions and examples
 
 

4:15 pm – 4:30 pm

Recent Disclosure Effectiveness Trends
  • SEC Disclosure Update and Simplification – recent changes
  • FASB Disclosure Framework – current status
  • SEC Request for Comment – Earnings release vs 10-Q 
  • Form 10-Q MD&A
 
 

4:30 pm – 5:30 pm

Panel Discussion – Bringing it All Together (Controllers, Legal, IR Perspectives)
  • Making corporate reporting more effective, insightful and efficient – leading practices and lessons learned
 
 

5:30 pm

Adjournment

 
 

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