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Ensuring Integrity: 4th Annual Audit Conference

The conference provided a forum for interaction between business, public accounting, academics, and policy setters from the American Institute of Certified Public Accountants (AICPA), the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB). It also examined the current best practices of ethics and independence within the auditing profession. The conference was organized in partnership with the National Association of State Boards of Accountancy's Center for the Public Trust.

What	Center for Corporate Integrity
When	December 02, 2009 from 08:45 am to 04:30 pm
Where	Newman Conference Center, Room 750, 151 E. 25th St. (between Lexington & 3rd Aves.)
Contact Name	Matthew LePere
Contact Email	Matthew.LePere@baruch.cuny.edu
Contact Phone	646-312-3231
Download this event to your calendar	vCal (Windows, Linux) iCal (Mac OS X)

Newman Conference Center
151 E. 25th Street, Room 750 (between Lexington and Third Avenues).

Co-sponsored by:

The NASBA Center for the Public Trust (CPT) addresses the issue of ethics and ethical behavior in business, education, public policy and society, while promoting a positive perspective on activities within the business and accounting communities. The CPT addresses ethics and ethical leadership through co-sponsored events nationally with prominent colleges and universities, firms and other ethics organizations.

CPE

7 hours of CPE are available for completion of the entire program

Agenda

Welcome and Introduction - 8:45 to 9:00 AM

Professor DOUGLAS CARMICHAEL, Baruch College
Professor LARRY BRIDGESMITH, Lipscomb University

Current Developments at the Auditing Standards Board - 9:00 to 9:45 AM

HAROLD MONK, Chair, AICPA Auditing Standards Board

Current Developments at the SEC - 9:45 to 10:30AM

MARC PANUCCI, Assc. Chief Accountant, Office of the Chief Accountant, SEC

Current Developments at the PCAOB - 10:45 to 11:30 AM

MARTIN F. BAUMANN, Chief Auditor of the PCAOB

Auditing Fair Value - 11:30 AM to 12:30 PM
This panel focused on practice issues that arose in the last year and are expected to have a big effect next year. Topics included valuation of alternative investments, valuation of goodwill and FAS 157 issues.

Moderated by DAVID COSTELLO, President, National Association of State Boards of Accountancy
BRUCE B. BINGHAM, Executive Director, Capstone Valuation Services, LLC
MANISH CHOUDHARY, Principal, Deloitte Financial Advisory Services LLP
ROBERT S. OVERSTREET, Partner, KPMG LLP

Lunch - 12:30 to 1:15 PM

Keynote: - 1:15 to 1:45 PM

ROBERT KUEPPERS, Deputy CEO, Deloitte LLP

Auditing and the Credit Crisis - 1:45 to 2:45 PM
This panel examined how the impact of the credit crisis on auditing. Topics included FAS 141R first year implementation issues and the FASB Going Concern Exposure Draft.

Moderated by BRIAN RICHSON, Partner, PricewaterhouseCoopers LLP
Al PAULUS, Partner, Director of Professional Practice - Auditing, Ernst & Young LLP
PHIL D. WEDEMEYER, Partner, National Professional Standards Group, Grant Thornton LLP

What Every Auditor Should Know About Litigation - 3:00 to 4:15 PM
Topics included litigation issues related to the audit practice, PCAOB inspections and peer reviews.

Moderated by Professor DOUGLAS CARMICHAEL, Baruch College
JAMES R. PETERSON, Lawyer/Writer/ Adj. Prof. DePaul University, Graduate School of Business
JAMES J. SABELLA, Director, Grant & Eisenhofer P.A.
MICHAEL R. YOUNG, Partner, Willkie Farr & Gallagher LLP

Summation and Wrap-up - 4:15 to 4:30PM

Professor LARRY BRIDGESMITH, Lipscomb University

PowerPoint Presentations and Background Material

Web CPA Article from the 2009 Audit Conference

Officials Warn Auditors Not to Overly Rely on Specialists
by Michael Cohn

Zicklin School Of Business

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