Financial Institutions

conference WEBCAST

Sept. 22
7:45 a.m.-4:00 p.m.

CPE Credits: 2-A&A; 1-Tax; 1-Ethics; 4-Other

PICPA Member: $345 | Nonmember: $445


How has COVID-19 transformed the banking industry, both temporarily and possibly forever? Take a deep dive into this question and more.
Speakers

Canuso, Dominic
Mosher, Charles
Schacter, Stacia
Decker, Kim

Can't Make the Conference? Watch the Replays

Morning Sessions Rebroadcast

Banking Industry Update
Best Practices in Corporate Governance
Regulatory Update and SEC Enforcement
A&A Update

Oct. 1 | 8:00 a.m.-11:35 a.m.
Oct. 1 | 12:25 p.m.-4:00 p.m.

Afternoon Sessions Rebroadcast

Tax Update
Cybersecurity and Third-Party Risk
Fraud in Financial Institutions
Trends in Technology

Oct. 2 | 8:00 a.m.-11:35 a.m.
Oct. 2 | 12:25 p.m.-4:00 p.m.

2020 Agenda

 
7:15 a.m.   
 
Webcast Opens 
7:45 a.m.   
 
Greetings from PICPA Leadership 
8:00 a.m.
 
1-OTHER
Banking Industry Update 
  • How has the pandemic changed banking, either temporarily or permanently?
  • Have valuations returned? If not, will they?
  • Bridging the disconnect between bank strategy and bank activity
  • How banks are building a sustainable future

Speakers

Marsico,Jeff
Jeff Marsico
Executive Vice President
The Kafafian Group Inc.

8:50 a.m.
 
1-OTHER
Best Practices in Corporate Governance 
  • Origins of corporate governance requirements 
  • Who decides what “best practices” are?
  • Practical takeaways on corporate governance for your organization

Speaker

Decker, Kim
Kimberly J. Decker, JD 
Partner
Barley Snyder
9:40 a.m.
 
Take a Breather
9:55 a.m.
 
1-A&A
Regulatory Update and SEC Enforcement
  • Ramifications of COVID-19 on financial institutions and how it will affect the enforcement landscape
  • Compliance and risk management
  • Unfair/deceptive consumer practices
  • Cybersecurity

Speaker

Fischer, Howard
Howard Fischer, JD
Partner 
Moses & Singer LLP
10:45 a.m.
 
1-A&A
A&A Update
  • CECL Implementation Update
  • COVID 19 Impact on Accounting and Disclosures
    • Loan modifications & TDR accounting
    • Interest income recognition
    • Impact on the allowance for loan loss calculation
  • Accounting for PPP Loans
    • SBA origination fee recognition
    • Accounting as a loan or as a grant
    • Lessons learned
  • Other issues arising from pandemic/economic crisis

Moderator:

Mulloy, Patrick
Patrick J. Mulloy, CPA
Partner, Audit Services
RSM US LLP

Panelists:

Canuso, Dominic
Dominic C. Canuso
Executive Vice President and CFO
WSFS Bank
Mosher, Charles
Charles Mosher, CPA
Chief Accounting Officer
WSFS Bank

 

Clarkson, Michele
Michele Clarkson, CPA
Senior Director for Technical Accounting Consulting
RSM US LLP
cpamember
Timothy A. Vecchiarelli, CPA
Audit and Assurance Partner
Deloitte
11:35 a.m.
 
Lunch Presented by Title Sponsor RKL

Join Barry Pelagatti, audit partner with RKL, and members of the RKL financial services industry team, for a brief lunchtime session on navigating the "new normal." Barry and the RKL team will provide high-level insight into mitigating your risk exposure in internal audit, IT, compliance, and accounting, and will be available to answer your questions live. CPE credit will not be given for this session.
All attendees are entered to win a $100 AMEX gift card!

Sponsored by RKL_LLP_logo

Pelagatti_Barry
Barry Pelagatti, CPA
Partner - Audit Services Group
RKL LLP
Kofman-Greenfield_Juliya
Juliya Kofman Greenfield
Principal – Financial Services Industry Group
RKL LLP

McAllister_Michael
Michael McAllister, CPA, CITP, CISA
Practice Leader - IS Assurance & Advisor Services
RKL LLP
Ondeck_Rosemary
Rosemary Ondeck, CFSA, MBA
Principal – Audit Services Group
RKL LLP
12:25 p.m.
 
1-TAX
Tax Update
  • CARES Act - NOLs, AMT credits, payroll tax credits, Qualified Improvement Property, and more
  • SECURE Act - Retirement plan changes passed in late 2019
  • PPP Loans - Impact of loan forgiveness, the deductibility of expenses, and other IRS guidance developments
  • State tax developments - Update on all IRS guidance related to the COVID-19 crisis 

Speaker

Charles Marston
Charles Marston, CPA, MST
President and Director of Tax Group
SR Snodgrass PC
1:15 p.m.
 
1-OTHER
Cybersecurity and Third-Party Risk
  • Defining "insider threat" and ways to mitigate it
  • Insider threat and the remote workforce
  • Third-party risk as it relates to financial institutions
  • Identifying and mitigating risk at the business unit level before it becomes unmanageable and grips the organization

Speakers

Diamond, Jordan
Jordan Diamond, CIA
Manager, Business Risk Consulting Practice
Crowe
Schacter, Stacia
Stacia Schacter, CFE
Financial Services IA Operational Manager
Crowe
2:05 p.m.
 
Take a Breather 
2:20 p.m.
 
1-ETHICS
Fraud in Financial Institutions
  • Case examples regarding business email compromise, email spoofing and online romance schemes
  • How members of the financial sector employees can help identify scams and prevent their clients, employers and partners avoid loss

Speaker

cpamember
Ned Conway
FBI Agent
FBI Philadelphia
3:10 p.m.
 
1-OTHER
Trends in Technology
  • Telecommuting and cybersecurity: what are the risk factors?
  • What is blockchain security, and will it ever happen?
  • Impact (or exaggerated impact?) of new technology on the banking industry 

Speaker

McAllister_Michael
Michael T. McAllister, CPA, CITP, CISA
Practice Leader / IS Assurance & Advisor Services
RKL LLP
4:00 p.m.
 
See You Next Year
 

 

Thank You to Our Title Sponsor

RKL_LLP_logo

Thank You to Our Event Sponsor

RSM-logo


Credits

CPE Credits: 2-A&A; 1-Tax; 1-Ethics; 4-Other

Level: Update
Prerequisites: None

CLE Credits: This conference has been submitted for 6.5-Substantive CLE credits. Attorneys requesting CLE credits must include an additional $50.

Registration

PICPA Member: $345
Nonmember: $445
CLE Credits Fee: $50

ClassPass      flexAccount200x75

Use your ClassPass, ClassPass Mini, or Flex Account to register. Find more information about PICPA discounts.

Learn More: 

  • Financial Institutions: Be Wary of COVID’s Effect on Current Expected Credit Losses

    In a preview of the panel discussion he will be moderating at the Sept. 22 PICPA online Financial Institutions Conference. Mulloy, CPA, partner, audit services, for RSM US LLP in Philadelphia, discusses the impact of coronavirus on current expected credit losses. Among the aspects he shares with us are allowances for loan loss calculation and the process for determining Paycheck Protection Program loans and grants.
    Full story
  • Flattening and Inverted Yield Curve Strategies for Financial Institutions

    Long-term yields on interest rates have fallen quickly since the October 2018 “Powell Pivot,” which was when Federal Reserve Chairman Jerome Powell chose not to raise interest rates until inflation accelerates. Frank L. Farone, managing director of Darling Consulting Group in Newburyport, Mass., discusses the challenges CPAs working with financial institutions now face, as well as a few lending and funding strategies they should consider. Farone will present this topic at PICPA’s 2019 Financial Institutions Conference on Sept. 17 at Penn State Great Valley in Malvern, Pa.
    Full story