FPI

Event Details:                                                                                                                                                        printer-friendly page  

The SEC, seeking to respond to information technology advances and increased globalization securities markets, has amended certain requirements relating to foreign private issuers as part of its initiative to improve and modernize existing reporting and disclosure requirements. Under the new disclosure requirements, foreign private issuers may test their eligibility once every year, must disclose information about changes in their certifying accountant and about certain fees and payments. They are also are required to disclose information with respect to significant changes in their corporate governance practices compared to those applicable to US domestic companies under appropriate exchange's listing standards. Additionally, there are also existing deadlines that must be observed as well as incentives for companies who engage in proactive compliance.

Learn about these filing deadlines for annual reports on various forms in the US and the incentives for cooperating companies. Understanding New Foreign Private Issuers Disclosure Requirements LIVE Webcast will help you learn adjust to these changes as well as knowing how to test the eligibility of a foreign private issuer. This is a must attend event for the FPI community.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 093911
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for FIRE live webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


Ellie Bavaria , Special Counsel, Office of International Corporate Finance, Division of Corporation Finance,
United States Securities and Exchange Commission

- Annual Testing of Foreign Private Issuer Status
- New Form 20-F Annual Report Deadline
- Enhanced Disclosures for Form 20-F
    - Change of accountants disclosure
    - New disclosures related to ADR fees and payments and corporate governance differences
- Elimination of Item 17 Reconciliation
- Amendment to Going-Private Rule to Reflect Termination of Reporting and Deregistration Rules for
  Foreign Private Issuers

SEGMENT 2:


Carol M. McGee , Partner, Co-Leader, Securities Practice, (Former Deputy Chief Counsel, Division of Corporation Finance, U.S. Securities and Exchange Commission (SEC)),
Alston & Bird

- Foreign Issuer Reporting Enhancements (FIRE)
    - FIRE Rules governing Annual Reports filed on or prior to June 30, 2009:
        - Annual Determination of FPI Status
        - Disclosure of Differences in Corporate Governance Practices
        - New Item 16G on Form 20-F
        - Securities Exchange Act of 1934 Rule 13e-3 (Going Private Transactions)
    - FIRE Rules governing Annual Reports filed after June 30, 2009:
        - Auditor’s Attestation of Internal Controls
        - Segment Data in Financial Statements
        - Changes in Disagreements with Certifying Accountants/New Item 16F on Form 20-F
        - ADR Fees and Payments/New Item 12D on Form 20-F
        - Accelerated Deadline for Annual Reports:

- International Financial Reporting Standards (IFRS)

- Cross Border Tender-Offer Rules

- NYSE
    - Corporate Governance Proposals
    - NYSE Amendment to Immediate Release Policy on Disclosure of Material Information

SEGMENT 3:


Karen B. Dietrich, Associate Director, Office of International Affairs,
Public Company Accounting Oversight Board

- Introduction
    - Activities of the PCAOB
        - Registering audit firms
        - Inspecting audit firms
        - Investigations and enforcement
        - Standard setting

- Updates on recent events
    - Issuance of new rules
    - Requests for comments that may be relevant to the auditors of foreign private issuers

SEGMENT 4:


Bridgette Hodges, Partner-in-Charge, SEC Regulatory Matters, National Professional Standards Group,
Grant Thornton LLP

- Foreign Issuer Reporting Enhancements (FIRE)
     - Disclosure about changes in certifying accountant
     - Disclosure of segment data
     - Elimination of Item 17 reconciliation
- International Financial Reporting Standards (IFRS)
- XBRL Implementation for Foreign Private Issuers
- Auditor’s Attestation of Internal Control over Financial Reporting



United States Securities and Exchange Commission
Ellie Bavaria
Special Counsel, Office of International Corporate Finance,
Division of Corporation Finance
                       speaker bio »»

Alston & Bird
Carol M. McGee
Partner, Co-Leader, Securities Practice, (Former Deputy Chief Counsel,
Division of Corporation Finance, U.S. Securities and
                       Exchange Commission (SEC))
                       speaker bio »»

Public Company Accounting Oversight Board
Karen B. Dietrich
Associate Director, Office of International Affairs
speaker bio »»

Grant Thornton LLP
Bridgette Hodges
Partner-in-Charge, SEC Regulatory Matters, National Professional Standards Group
                       speaker bio »»

Who Should Attend?

- Foreign Private Issuers
- Corporate Finance Attorneys
- Accountants
- Investment banks
- Consultants
- Senior Management

Why Attend?

This is a must attend event for all foreign issuers to hear the discussion from experts on disclosure requirements.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


 

 

 

 


Understanding Foreign Issuer Reporting Enhancements (FIRE)
Speaker Firms:


United States Securities and Exchange Commission




Public Company Accounting Oversight Board





 

The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.