The 2017 IFRS conference: Americas

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This is the agenda for Day 1
Day 1 Wednesday, November 1, 2017
This is the agenda for
Optional pre-conference workshops
8:30
Registration and refreshments

9:00
Choose one of the following:

This is the agenda for Option 1
Option 1 Investor-focused IFRS workshop and update
 
Investor-focused IFRS workshop and update

Moderator: Tom Scott, Member, IASB

Panelists: Richard Talbot, Board, CFA Society Toronto; Former Head, RBC CM Global Research; Brad Darling, Research Analyst, Jarislowsky Fraser; Anthony Scilipoti, President & CEO, Veritas Investment Research

This session is aimed at investor relations personnel who communicate financial results to investors and analysts.

In this session:

• An IASB member will provide an overview of selected new IFRS principles;
• A panel of analysts and investors will then discuss the effects of the changes on financial analysis and valuation.

Panel topics:

• Topic 1 - “How to improve performance reporting/presentation in a world of non-GAAP measures?: A discussion of the “ins and outs” as well as the “pros and cons” that investors face when analysing financial statements and non-GAAP earnings, and how to address this by improving IFRS.

• Topic 2 – “Grappling with non-recurring items”: A discussion about tackling the issue of presenting unusual or infrequently occurring items in the P&L.

Tom Scott ; Richard E. Talbot, CPA, CA, CFA, MBA ; Brad Darling, CPA, CA, CFA ; Anthony Scilipoti, CPA, CA

This is the agenda for Option 2
Option 2 Introducing IFRS 17 Insurance Contracts
 
Introducing IFRS 17 Insurance Contracts

Speakers: Mary Tokar, Member, IASB; Andrea Pryde, Associate Technical Director, IASB; Erin Taylor, Sun Life Financial; Karen Stothers, OSFI; Elaine Hultzer, Partner, Audit and Assurance, Deloitte

This session is aimed at those who need an introduction or refresher on the fundamental concepts on the measurement and presentation of insurance contracts.

In this session:
• IASB Board members and staff will explain the key elements and requirements of IFRS 17. In addition, they will provide insights into making the transition to the new IFRS 17 more effective

Mary Tokar ; Andrea Pryde ; Erin Taylor

This is the agenda for Option 3
Option 3 Better communication through the financial statements
 
Better communication through the financial statements

Moderator: Gary Kabureck, Member, IASB

Panelists: Tom Trainor, Hanover Private Client Corp and AcSOC Member; Dennis Blasutti, Brookfield Asset Management; Cameron McInnis, Chief Accountant, Ontario Securities Commission

This session aims to highlight the contribution of several projects to the Board’s work on ‘Better Communication’.

In this session:

• IASB staff will provide a brief update on the projects that support the Board’s work on Better Communication
• A panel of key stakeholders involved in corporate reporting will share their views on the contributions and the limitations of these projects for making communication of financial information more effective.

Gary Kabureck ; Cameron McInnis

This is the agenda for
Conference agenda
11:30
Registration

Light buffet and refreshments

12:30
The future of financial reporting

Speaker: Hans Hoogervorst, Chairman, IASB

Hans Hoogervorst

1:00
IASB update

Moderator: Hans Hoogervorst, Chairman, IASB

Panelists: Tom Scott, Member, IASB; Mary Tokar, Member, IASB

This session will include:

• Major IFRS Standards (including insurance and rate-regulated activities)
• Implementation and Education
• Research projects

Hans Hoogervorst ; Tom Scott ; Mary Tokar

2:00
Keynote address: The future of Globalization in this emerging international (dis)order

Speaker: Pierre Pettigrew, Former Minister of Foreign Affairs, Executive Advisor - International, Deloitte

Pierre Pettigrew

3:00
Coffee break

3:30
Break-out sessions:

Choose one of the following:

 
Implementing IFRS 16 Leases

Speaker: Patrina Buchanan, Associate Technical Director, IASB

This session is designed to provide a comprehensive overview for those preparing for the implementation of IFRS 16 Leases. In this session the presenters will share their views on the benefits and challenges of the new IFRS requirements for lessees and lessors.

Patrina Buchanan

 
Financial instruments with characteristics of equity

Speakers: Mary Tokar, Member, IASB; Armand Capisciolto, Member, AcSB and Partner, BDO

The session is designed to provide the audience with a high level update on the IASB’s Financial instruments with characteristics of equity project. The session will be a presentation by the IASB and will be interactive with questions from the audience.

Mary Tokar ; Armand Capisciolto, CPA, CA, CPA (MICHIGAN)

 
Rate regulated activities

Speakers: Tom Scott, Member, IASB; Karen Higgins, Vice Chair of AcSB and Partner, Deloitte

The session is designed to provide the audience with an update on the IASB’s Rate Regulated activities project. The session will be a presentation by a representative of the IASB.

Tom Scott ; Karen Higgins, FCPA, FCA

 
Primary financial statements

Speaker: Gary Kabureck, Member, IASB

The session is designed to provide the audience with an update on the IASB’s primary financial statement project.

Gary Kabureck

5:00
Networking reception

This is the agenda for Day 2
Day 2 Thursday, November 2, 2017
7:30
Continental breakfast

8:30
Keynote address - Economic Outlook: Canada Rebounds; U.S. Reassesses

Speaker: Douglas Porter, Chief Economist, BMO Financial Group

Douglas Porter, BA, MA, CFA

9:30
Judgments and estimates

Speakers: Mary Tokar, Member, IASB; Patrina Buchanan, Associate Technical Director, IASB; Linda Mezon, Chair, Accounting Standards Board; Lara Gaede, Chief Accountant, Alberta Securities Commission; Guy Jones, Partner, Ernst & Young and Vice-Chair of AcSB IFRS Discussion Group

A key element of principle based standards is making estimates and exercising judgements. This session will examine the use of judgements and estimates within the IFRS standards and highlight current matters being considered by the Board that relate to this important area including the application of materiality.

Mary Tokar ; Patrina Buchanan ; Linda Mezon, FCPA, FCA, CPA (MI) ; Lara Gaede

10:30
Panel discussion: IFRS Standards, U.S. GAAP and the future of corporate reporting

Moderator: Mary Tokar, Member, IASB

Panelists: Hans Hoogervorst, Chairman, IASB; Russell Golden, Chairman, Financial Accounting Standards Board; Linda Mezon, Chair, Accounting Standards Board

This final panel discussion will reflect on the global financial reporting landscape, how the world has changed in recent years, what is the future for US/IFRS convergence, and how does financial accounting fit with a broader reporting framework.

Mary Tokar ; Hans Hoogervorst ; Russell G. Golden ; Linda Mezon, FCPA, FCA, CPA (MI)

12:00
Lunch

1:00
Break-out sessions:

Choose one of the following:

 
Implementing IFRS 16 Leases

Speakers: Gary Kabureck, Member, IASB

Gary Kabureck

 
Conceptual framework

Speakers: Mary Tokar, member, IASB; Rebecca Villmann, Director, Accounting Standards, CPA Canada

The session is designed to provide the audience with an update on the IASB’s update of the Conceptual Framework. The session will be a presentation by a representative of the IASB.

Mary Tokar

 
Implementation activities

Speakers: Hans Hoogervorst, Chairman, IASB; Reinhard Dotzlaw, Global IFRS Panel, KPMG and Member of the IFRS Interpretations Committee; Patrina Buchanan, Associate Technical Director, IASB

The session is designed to provide the audience with a high level update on the IASB’s work plan and implementation activities. It focusses on the specific initiatives that have been undertaken to support entities as they engage with new IFRS Standards. The session will be a presentation by the IASB and will be interactive with questions from the audience.

Hans Hoogervorst ; Patrina Buchanan

2:30
Break

3:00
Update on IFRS 15 Revenue from Contracts with Customers

Speakers: Mary Tokar, Member, IASB; Allison McManus, Partner, KPMG

This session is designed to provide an update for those who have not yet adopted IFRS 15. It will provide practical implementation advice from those who have considered the effects of the Standard.

Mary Tokar ; Allison McManus, CPA, CA

4:00
End of conference