Accounting and Reporting for Financial Institutions

Ensuring Your Compliance with New and Upcoming Standards with Best Practices in Accounting and Reporting

DAY TWO: Wednesday, April 2, 2008

8:00 - 9:00   Continental Breakfast   9:10 - 10:10 Welcome and Opening Remarks from the Chair Chris Thatcher, Senior Manager Audit, Deloitte & Touche LLP   9:10 - 10:10 Looking forward to IFRS and Regulatory Reporting Update Marissa G. Lauder, Senior Accounting Advisor, Accounting Policy, Office of the Superintendent of Financial Institutions Canada OSFI's views on international accounting and auditing standards Views of Basel Committee and International Association of Insurance Supervisors (IAIS) on International Accounting Standards Board (IASB)'s fair value measurement and insurance contracts projects OSFI's experience with implementation of financial instruments accounting OSFI's move to IFRS project Update on current regulatory reporting initiatives   10:10 - 10:30   Networking Break   10:30 - 11:30 Accounting for Special Purpose Entities Gale Kelly, Director, Banking Practice Group, KPMG Financing certain assets or services and keeping the associated debt off the balance sheet of the sponsors Transforming certain financial assets, such as trade receivables, loans, or mortgages, into liquid securities Engaging in tax-free exchanges   11:30 - 12:30 XBRL: What Do You Need to Do to Prepare Andrew Lowe, Accountant, Corporate Finance Branch, Ontario Securities Commission Extensible Business Reporting Language (XBRL): what it is and how it works How XBRL can benefit Canada's capital markets Canadian Standards Association's XBRL voluntary filing program U.S. Securities and Exchange Commission's XBRL program XBRL reporting by financial institutions around the world   12:30 - 1:45   Luncheon   1:45 - 2:45 Accounting Challenges Faced by the Insurance Industry Phil Arthur, Partner, Insurance Practice, Ernst and Young Canada Accounting for insurance contracts Phase 11 of IASB's insurance contracts project Progress of the IASB's Insurance Working Group   2:45 - 3:00   Networking Break   3:00 - 4:00 Fair Value Measures: Is Historical Cost History? Peter Kinch, CA Partner Ernst Young LLP Estimating fair value Standard of value Auditing fair value measurements and disclosures   4:00 - 5:00 Standards for Business Combinations and Intangible Assets Kate Ward, CA, Accounting Standards Board Financial statement concepts Goodwill and intangible assets Business Combinations transactions covered measurement of the acquisition measurement of assets and liabilities   5:00   End of Day Two REGISTER