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Gain a better understanding of today’s most critical issues, challenges and opportunities facing the Canadian oil and gas sector at this industry-driven conference.
This conference is Canada’s pre-eminent event for CPAs and financial professionals who work in the energy sector, bringing together leading oil and gas experts, and energy accountants to explore the latest industry developments. This year’s conference has a theme of transformation through innovation and will include topics such as carbon tax review, cyber security, AI, robotics and blockchain, among others.
In addition to thoughtful keynote speakers, robust technical sessions and panels on industry hot topics, you’ll also have the chance to network with colleagues and peers, and connect with leaders to discuss what the future holds for oil and gas.
We sat down with Jim Bottomley, keynote speaker at the 2018 Conference for the Oil and Gas Industry, to ask some questions about his work as a futurist and his thoughts on how to develop improved strategy and leadership. We also asked Jim for his insights on the future of energy, another theme he will explore with attendees at this year’s conference. Read CPA Canada’s interview with Jim.
Highlights of the 2017 conference:
Early Bird discount: $100 off standard conference rate extended to October 15, 2018.
Additional options and pricing may be available. See pricing and registration for more details.
Opening Keynote Address: Playing to Win Amidst Disruption
Speaker: Peter Tertzakian, Executive Director, ARC Energy InstituteTechnological change, environmental pressures, social activism, geopolitics and other forces are disrupting the energy industry at large. What does the future for the competing energy systems — coal, oil, gas, nuclear and renewables hold? The first step in understanding is identifying the disruptions and their impacts on the landscape. Everyone is playing to win. Peter Tertzakian explains the game and what the energy suppliers of the future must do to win.
The Robots have Arrived.
Moderator: Nabeel Pabani, Partner, Assurance and Financial Accounting Advisory Services, Ernst & Young LLPPanelists to date: Greg Freidin, General Manager Consolidated Reporting & Control, Suncor Energy; Matthew Harmsworth, Partner, Ernst & Young LLPRobotic Process Automation (RPA) has seen hyper-demand and hyper-growth over the last five years, and is starting to be more common in the Oil and Gas industry, touting promises of huge savings and process efficiencies. There have been some spectacular wins, but plenty of disappointments. This has led many companies to approach automation with caution, implementing small, contained projects that may actually stifle the greater benefits that could be realized with an enterprise-wide plan. This panel discussion will showcase the various perspectives of stakeholders involved with a RPA project.
Understanding insider threat
Speaker: Harm Cassam, Associate Partner, Fraud Investigations and Dispute ServicesAs the energy market recovers and compliance become a focus of many energy firms, organizations take careful measures to protect their critical assets from external risks. However, they often remain vulnerable to threats from inside their organizations, Insider Threat. By studying behavioral changes, detecting routine variations and hidden relationships, companies can more effectively monitor inappropriate behaviour and potential insider risks. This presentation will touch on ‘red flags’ within the energy sector and discuss what can we done to identify and potentially prevent these inappropriate behaviours from occurring and/or continuing. It offers insight into the causes of insider threat and provides guidance on implementing controls to prevent and detect malicious breaches by insiders.
The Evolution of Reserves Engineering
Speaker: Jared Wynveen, Executive Vice President, McDaniel and Associates Consultants Ltd.Reserves engineering is quickly evolving to account for resources from unconventional resource plays and account for carbon taxes, leases and macro-economic changes. Join us for a discussion on how these changes are impacting their reserves evaluation process, and recoverable reserves.
Guest Speaker: Honorable Minister Ceci
Known as one of Alberta’s most effective municipal leaders, Joe is the President of Treasury Board and the Minister of Finance. He is widely admired for his ability to bring diverse coalitions together, and for his ongoing commitment to build Calgary’s social and economic infrastructure.
Accounting Standards Update
Speaker: Michel Charbonneau, Member, Canadian Accounting Standards BoardThe Accounting Standards Board (AcSB) has recently endorsed and make available for use in Canada a number of large and complex IFRS® Standards, including financial instruments, revenue and leases. Together, these Standards rival the transition to IFRS Standards itself in terms of the adoption effort. Learn about the new requirements and the International Accounting Standard Board’s major projects. Hear how the AcSB influences the development of IFRS Standards and supports their implementation in Canada, including their to emerging topics like cloud computing and cryptocurrencies. This session will also outline key developments in U.S. GAAP.
Carbon Pricing in Canada: Changing Perspectives
Speakers: Ben Traore, Manager, Indirect Tax, KPMG and Jeff G. Smith, Manager, Indirect Tax, Pembina Pipeline CorporationThe Pan-Canadian Framework on Clean Growth and Climate Change introduced a minimum price on carbon that must be all provinces and territories. However, there has been a varied response across Canada as to how this should be implemented resulting in an fragmented, and in some cases uncertain, approach to carbon pricing and policy across the nation. This presentation will explore the impact of this fragmentation and uncertainty on business strategy, budgeting and investment potential.
Control Considerations for Evolving Cyber Risks
Speaker: Ivan de O Alcoforado Junior, and Jeff Thomas, Partners, KPMGHaving an adequate set of cyber controls is a critical part of a healthy enterprise control framework. Keeping up with cyber threats and risks, however, can be an unique challenge given their pace of change and evolving nature. This presentation will talk about some of the current cyber trends and discuss cyber controls that can be utilized to keep risks at bay. We’ll discuss examples and provide insights to help improve your control framework.
Blockchain for the Energy Sector
Speaker: Dan Giurescu, Founder, TerrahubAs competition grows, margins decrease and our reliance on technology grows greater every day. Learning how to perform correct assessments and choosing the most profitable technology projects becomes critical to any business. Blockchain has emerged in the last two years as the technology with the most potential for disruption. It impacts how we run our businesses and blurs competitor lines. Join us to gain a non-technical understanding and current examples of industrial blockchain and the impact on the energy industry.
ASC Regulatory Update: Enhancing securities regulations outside the GAAP
Speakers: Lara Gaede, Chief Accountant and CFO, and Cheryl McGillivray, Manager, Corporate Finance, Alberta Securities CommissionHigh-quality corporate reporting is a building block for sound capital markets. Securities regulations are evolving, as investors demand and companies disclose more information outside the financial statements. Lara Gaede, CFO and Chief Accountant, will provide an in-depth look at the proposed non-GAAP rule that will shape the future reporting of key performance indicators and Cheryl McGillivray, Manager, Corporate Finance, will address the growing investor demand for climate change-related disclosure, and the call for a reduction in regulatory burden.
Cheryl McGillivray, CPA, CA
Managing Partner RIsks
Speakers: Michelle Willis, Senior Manager, Finance Upstream Operations; Hope Bishop, Senior Manager, Joint Venture Agreements, and Gail Pilling, Manager, Joint Venture Accounting, Husky EnergyUpstream Oil & Gas Joint Venture Partnerships are becoming increasingly risky due to global economics. This session will cover why these partnerships exist, getting to know your partner and how to mitigate the risk of possible partner insolvency.
IFRS 16 – 2019 Leases Implementation is soon approaching!
Moderator: Nabeel Pabani, Partner, Assurance and Financial Accounting Advisory Services, Ernst & Young LLPPanelists: Scott Bandura, Partner, PwC; Paula Overguard, Accounting Policy Research Analyst, Arc Resources Ltd.; Ashley Hearn, Manager Enterprise Accounting Research Enbridge Inc. IFRS 16 is the highest impact standard since the adoption of IFRS. This session will provide an update on the most recent technical developments followed by a panel of industry members responsible for implementing IFRS 16 discussing practical implementation issues they are encountering.
Paula Overguard, CPA, CA
Trends and Developments Related to the Energy Transition
Speakers to date: Will Krüger, Senior Analyst, Climate Change & Sustainability Services, Ernst & Young LLPThe term ‘energy transition’ has generally been used to help describe the emergence of a new low-carbon energy landscape. The term, however, lacks definitional clarity in the way it has been used in contemporary debate and analyses. Today, by introducing definitional clarity, industry observers will gain a clearer picture of the key drivers that will help shape our predictions for future energy scenarios. Out of this exercise will emerge two main conclusions: (1) That the O&G sector will continue to play an essential role in the energy sector for many decades to come; and (2) That the ‘energy transition’ will present O&G companies with attractive investment opportunities all along the full low-carbon energy value chain.
Tax Update: Managing Turbulent times in the Oil & Gas Industry
Gil Ledershos, US Tax Practice Leader, Western Canada; Hetal Kotecha, International & Transaction Tax Partner, Natural Resources Industry Leader, and Charmaine Goddeeris, Senior Manager Customs & Trade, BDO Canada LLP Canadian oil and gas companies are dealing with an every changing environment on how they conduct business in Canada and abroad. In particular, some of the more important changes include U.S. Tax Reform, the changing trade landscape including protectionist activities by both the Canadian and U.S government and NAFTA uncertainty. This session will focus on customs and trade matters with a particular focus on the following topics: a) overview of current trade landscape-protectionist activities by both the Canadian and US government; b) specific application of these activities to the oil and gas sector including identifying specific products that are targeted; and c) actions / steps on how companies can respond to mitigate duty exposure; and d) update on NAFTA. The session will also include a taxation update and discuss: a) the latest and greatest on U.S. tax reform with specific application to the oil & gas sector; b) potential opportunities and challenges for companies with existing U.S operations or companies looking to make greenfield investments; and c) any significant Canadian domestic developments, if any (i.e., fall economic update and other matters).
Effective Innovation in Commercial Assurance
Moderator: Doug Burcham, Partner, Risk Assurance Services, PwCPanelists: Daniel Bassin, Director Vendor Audit, Suncor Energy Inc, Peter Roznicki, Director, Internal Audit, TransCanada; and Greg Uwazny, Direcrtor of Contracts Assurance, Husky EnergyGetting value for money and maximizing the outcomes from contracts and spend with third parties is an ongoing challenge for most businesses. This is especially true when services/products and contractual charging mechanisms are complex, difficult to understand and lack transparency. Even where standard controls are in place, we often find that the value captured at the procurement/negotiation stage has been eroded over time, leaving significant gaps between the perceived value and the value actually realized. This is typically referred to as Commercial Assurance, and in the past has been primarily focused on post executed contract assessments and reviews. Commercial Assurance is much more than a contract review or assessment process. It is about ensuring the delivery of the promises your vendors make and leveraging sustainable savings from those relationships through a value-adding commercial assurance framework. What are the latest innovations in assurance that your company is realizing the values with your third party agreements, and what additional effective practices can be done?
Closing Keynote: Success in the Innovation Age - Navigating Change
Speaker: Jim Bottomley, Entrepreneur, Futurist, Management ConsultantWe’ve entered a new economy where technology transforms and the strategies for future success are changing like never before. After 30+ years as a futurist looking at the interplay between trends and their impact on human needs, Jim brings his unique perspective to the Oil and Gas Industry, recommending future success strategies. Drawing on experiences as a serial entrepreneur and consultant working across sectors, Jim addresses the stress of change by stimulating innovative rethinking towards planning and leading in this time of disruption. Jim’s style is fast-paced, high-energy and uplifting.
Thank you to the 2018 Advisory Committee Members:
Scott Bandura, Partner, PwC LLPTimothy Chan, Manager, Crude Accounting, Suncor Energy LtdJeff Dashkin, Financial Analyst, Husky EnergyKevin Hamm, Manager, Accounting Standards & Special Projects, Canadian Natural Resources Limited Jassie Kang, Partner, Audit, KPMG LLP Jim Medeiros, Lead Principal, Financial Reporting, Professional Programs, CPA CanadaNabeel Pabani, Partner, Assurance and Financial Accounting Advisory Services, Ernst & Young, LLPAlice Seto, Manager, Cash Planning & Investments, Suncor Energy Ltd.
Timothy Chan, CPA, CMA
Kevin Hamm, CPA, CA
Alice Seto, CPA, CA
TELUS Convention Centre
120 9th Avenue SE, Calgary, AB T2G 0P3
Member Development and Support
May 22, 2019
Explore important emerging technologies in accounting, business and finance at this must-attend conference for senior leaders. Connect with peers, experts and pioneers on best-fit technology solutions for your clients or organization.
This event has multiple dates and locations. See event details for more information.
Are you a preparer, director, practitioner, investor or contributor who reports, oversees, assesses or uses performance measures? Learn how you can help improve the quality of performance measures by leveraging this framework.
April 25, 2019
This webinar, part of CPA Canada's IFRS webinar series, provides you with the latest updates on issues of relevance to Canadian public companies, including key changes to IFRS and Canadian securities legislation.