Financial Reporting and Analysis

What Investors Need to Know About Audits

Monday, November 4 | 5:00 PM - 8:00 PM

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Overview

Investors rely upon financial statements to analyze their current and proposed investments and investors rely upon the audit process to verify the reliability of these statements. Auditors are professionals trained to verify financial statements, but as we all know, unreliable financial statements are a recurring problem. We will have a series of experts explaining the state of today’s audit process, how it has and continues to changes over time and what signals investors should look out for in evaluating financial statements to help identify possibly inaccurate statements.

Agenda

5:00 PM | REGISTRATION & NETWORKING


5:30 PM | OPENING REMARKS

Arthur Fliegelman, CFA, Chair, Financial Reporting & Analysis Group, CFA Society of New York


5:35 PM | PROGAM INTRODUCTION

Jack Ciesielski, Principal, R. G Associates


5:40 PM | KEYNOTE SPEAKER

PCAOB Update: Issues of Interest for Investors

Megan Zietsman, Chief Auditor and Director of Professional Standards, Public Company Accounting Oversight Board


6:00 PM | THE INVESTORS’ VIEW

Sandra J. Peters, Senior Head, Global Financial Reporting Policy, CFA Institute


6:15 PM | THE VIEW FROM THE UK

David Herbinet, Global Head of Audit, Mazars LLP


6:30 PM | ARE AUDITS IMPROVING?

Michael Nohrden, CEO, Audit Analytics


6:45 PM | BREAK


7:00 PM | PANEL DISCUSSION

Moderator

Jack Ciesielski, Principal, R. G Associates

Panelists

David Herbinet, Global Head of Audit, Mazars LLP

Michael Nohrden, CEO, Audit Analytics

Sandra Peters, Head of Financial Reporting Policy, CFA Institute

Megan Zietsman, Chief Auditor and Director of Professional Standards, Public Company Accounting Oversight Board


7:55 PM | CLOSING REMARKS


8:00 PM | NETWORKING & CATERED RECEPTION

Additional Details

Learning Outcomes

  • What does an audit verify and what does it not mean?
  • What signals should an analyst look for to evaluate the quality of a financial statement and its associated audit?
  • How is the auditing community working to improve audit quality?
  • What new information do investors have available to evaluate audit quality?
  • What can investor do to help improve financial statement and audit quality?