Conferences & Education

Directors & Audit Committee Workshop

September 21, 2011
Federal Reserve Bank of San Francisco – Los Angeles Branch 

September 28, 2011
East West Bank, Financial District, San Francisco

   

The “M” in CAMELS doesn’t just mean your executive management team. It is also strongly focused on the oversight and leadership provided by the board of directors and its Audit Committee. As asset quality improves, we believe the regulators will have a renewed focus on risk management and governance at the board level. Our industry has faced three of the most challenging years that we could have imagined. The landscape of banking has changed forever and so will the responsibilities of the Audit Committee. 

Set aside a day to work with professionals and your peers and join us in discovering new solutions to the changing environment in banking today! In this intensive one-day workshop, we put together a list of the issues that your audit committee needs to address during the remainder of 2011, together with your Top 10 Agenda Items that will impact your bank in 2012. 

The following are just a few of the areas that will be covered:

Changes in financial reporting and the related internal control

  • The shift to more fair value reporting will challenge you to understand the related valuation assumptions and processes. 
  • Will we be looking at two sets of reporting standards, one for large public companies and one for smaller companies?
  • Not only will we be facing new guidance, previously issued standards are coming to the forefront, such as dealing with underwater stock options and acquisition accounting.

Taxes

  • Under what circumstances a valuation allowance is needed for your deferred tax assets and the related ramifications.
  • What is the Bank’s appetite for risk in electing tax positions, to include the reporting of uncertain tax positions in your financial statements and tax returns?

Risk Management

  • Has your Bank identified its key business risks – have those risks changed over the last three years?
  • What are the best processes for evaluating the controls around your risks – internal or external assessments?
  • Do you understand your Bank’s risk appetite – does it match the assessment of your regulators?

IT Governance

  • Are your policies and procedures sufficient to mitigate your risk?
  • Do you understand your responsibilities surrounding social networking and the risk to the Bank?

“Whistle-blower” Policies

  • The economic environment remains a perfect catalyst for fraud.
  • Have you tested your policies…are they working?

Who Should Attend

  • Board Members
  • Directors
  • Council
  • Corporate Secretary

Speakers

Susan Cordonnier
Partner, Perry-Smith, LLP

Sue Cordonnier has over 29 years of experience in public accounting and directs the financial institutions practice at Perry-Smith LLP. In addition to providing recurring audit services for community banks, she has provided professional services including acquisitions, strategic planning facilitation, SEC services, accounting issue resolution, operational studies and loan file reviews. As an acknowledged expert, she is a frequent speaker at industry events and educational forums for the banking industry.

Peter Wiese
Partner, Perry-Smith LLP

Peter Wiese performs SEC advisory services for public companies, including review of periodic regulatory filings and registration statements, issuance of comfort letters and opinions, consultations on accounting and reporting matters and implementation and audit of internal controls over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act. Weise provides audit and assurance services for financial institutions ranging in size from de novo to over $2 billion in assets. Services include performing audits and applying GAAP to a variety of matters including mergers and acquisitions, fair value measurement, share-based payments associated with stock-based compensation programs, impairment and other technical issues. 

Schedule

8:30-9:00 am Registration & Light Continental Breakfast
9:00 am-Noon  Class Session
Noon-1:00 pm Lunch with Networking
1:00-4:30 pm Class Session

Registration Information

Early Bird Fees (by August 23)
Member: $345
Nonmember Bank: $475

Regular Fees (after August 23)
Member: $395
Nonmember Bank: $525
New Bank Member: $295

Registration includes continental breakfast and networking lunch

Cancellation Policy
 Registration fees minus $50 processing fee will be refunded if cancellation is received by September 7, 2011. No refund if cancellation is received after September 7, 2011. Substitutions welcome. WIB is not responsible for airfare penalties incurred due to the cancellation of this program.

WIB Guarantee
 If you are not completely satisfied with this workshop, contact us within 10 days of the workshop and we will refund your registration fee.

CEU Credits
 Up to 6 hours of CEU Credit may be available

Locations

September 21, 2011 – Los Angeles, CA

Federal Reserve Bank of San Francisco – LA Branch
950 South Grand Avenue
Los Angeles, CA 90015

Main Switchboard: (213) 683-2300

Website: http://www.frbsf.org/index.html

Located 20 minutes from Los Angeles International Airport.

Due to the Federal Reserve Bank’s facility access security procedures, any workshop registrations received after Wednesday, September 14 are tentative and will not be confirmed until access to the Federal Reserve Bank has approved their access for entry into the Branch. Registrations received after Monday, September 19 may result in delayed entry or denied access to the Branch where the workshop is being held.  No onsite registrations will be permitted.

September 28, 2011 - San Francisco, CA

East West Bank
555 Montgomery Street
8th Floor Training Facility
San Francisco, CA 94111

Suggested Hotel:
Hilton San Francisco Financial District
750 Kearny Street
San Francisco, CA 94108
Phone:  (415) 433-6600; Reservations: (800) 445-8667
Fax: (415) 765-7891

Website: http://www1.hilton.com/en_US/hi/hotel/SFOFDHF-Hilton-San-Francisco-Financial-District-California/index.do

Soaring 27 stories over the “city by the bay”, the Hilton San Francisco Financial District hotel offers stunning panoramic views and
a perfect location for business travel. Convenient to both San Francisco (SFO) and Oakland (OAK) International Airports. Both airports are served by BART (public transportation.) Exit at Montgomery Street.

Rental Car Discounts

Discount rates are available for:

  • Avis rental cars. Visit www.avis.com or call Avis at (800) 331-1600 and mention WIB’s group code J990669.
  • Hertz rental cars. Call Hertz at (800) 654-2240 and refer to convention code 04DT0003.
  • Thrifty: 1-800-THRIFTY (857-4389) – www.thrifty.com; CD# 004C007855