Canada-U.S. Accounting and Reporting

Preparing for New GAAP and Regulatory Issues
That Impact Your Financial Reporting

DAY ONE: Wednesday, March 26, 2008

8:00 - 8:30   Registration and Continental Breakfast   9:00 - 9:10 Welcome and Opening Remarks from the Chair Jason Novakovski, Senior Manager, Assurance and Advisory, Deloitte & Touche LLP   9:10 - 10:10 AcSB UPDATE Recent Developments in Canadian and U.S. Accounting Standards Mark Walsh, Principal, Accounting Standards Board AcSB's plans between now and adoption of IFRS in 2011 What are the new accounting standards for 2008? New international accounting standards hovering on the horizon Implications for U.S. filers   10:10 - 10:30   Networking Break   10:30 - 11:30 ASC REGULATORY UPDATE Recent Changes and Latest Developments for Which You Need to Be Prepared Fred Snell, Chief Accountant, Alberta Securities Commission Regulatory perspective on IFRS conversion and Canada and U.S. GAAP Recent updates from the regulator Update on disclosure requirements   11:30 - 12:30 Understanding General Timelines in Preparation for IFRS conversion Chris Howe, Director, Advisory Services, PricewaterhouseCoopers LLP Starting points for conversion timelines and what you need to be considering now Creating a transition plan for your company: overview of areas that need to be considered and prioritized Business impacts: training and education, communication, and investor relations   12:30 - 1:45   Luncheon   1:45 - 3:00 IFRS Implementation and Impact on Systems and Resources Steen Skorstengaard, Partner, Enterprise Risk Services, Deloitte & Touche LLP Implementation planning, challenges, and lessons learned from the EU Practical advice on IFRS implementation: challenges you may face during the conversion period and how to prepare for them Staffing and training issues Assessing potential impacts of IFRS conversion on your IT systems Identifying new system alternatives to to ensure a smooth transition   3:00 - 3:20   Networking Break   3:20 - 4:00 Impairment of Assets: What It Means for You Saad Siddiqui, Senior Manager, KPMG LLP Understand the impairment testing model under IFRS Examining the differences between Canadian GAAP and IFRS Key areas that will affect you the most   4:00 - 5:00 Oil and Gas Accounting under IFRS: Main Differences and Their Implications Mark Walsh, Principal, Canadian Accounting Standards Board Main differences between Canadian GAAP and IFRS as they relate to accounting for oil and gas activities Why the AcSB isn't keeping AcG-16 Overview of the IASB project on extractive activities: where is this headed? Implementation considerations and strategies for adoption of IFRS   5:00   End of Day One See Agenda for Day Two REGISTER