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The World Bank Group Controller and KPMG Annual Finance and Accounting Conference
June 22, 2016Preston Auditorium, World Bank, Washington DC
This one-day workshop, which runs from 8:30 am to 5:30 pm, brings together leading experts from KPMG for an in-depth discussion on current accounting and finance issues facing the Banking industry. NOTE: This event is currently only open to World Bank Group, IMF, IADB, and other Multilateral Development Bank (MDB) staff.

Jointly sponsored by the WBG Controller and KPMG, this one-day conference brings together leading experts from KPMG for an in-depth discussion on current accounting and finance issues facing the Banking industry. The conference will also feature interactive Q&A sessions during the day with the speakers.

There will be in-depth discussions on new US GAAP, IFRS accounting pronouncements and developments in corporate reporting. Other topics include enhancing the working relationship in the financial reporting supply chain and cyber security.

As in previous years, the conference attracts finance and accounting professionals across the World Bank Group, as well as the International Monetary Fund and the Inter-American Development Bank. This conference qualifies for Continuing Professional Education (CPE) credits.

Meeting materials will be available one week before the start of the event under the appropriate tab above.

Lunch and refreshments will be provided.
 

The World Bank Group Controller and KPMG
Annual Finance and Accounting Conference

Agenda

Preston Auditorium
June 22, 2016

Topic Facilitator Time
Registration/Breakfast -- 8:30--9:00
Welcome/Introductions Bernard Lauwers,
World Bank Group Controller		 9:00--9:10
Logistics for the Day Sebastien Audy 9:10--9:20
Current Financial Market Update/Trends Brian Stephens and Dave Reavy,
KPMG		 9:20--10:15
Break/Refreshments -- 10:15--10:30

Accounting and Financial Reporting Topics

SEC Reporting Topics

IASB Update

 Michael Hall and Paul Munter, KPMG 10:30--12:00
Lunch   12:00--1:15
Global Audit Insights Brian Stephens, KPMG 1:15--1:40

Audit Update (PCAOB and IAASB)

Enhancing the Working Relationship in the
Financial Reporting Supply Chain

 Randy Laszewski, KPMG 1:40--2:05
Valuation Adjustments Leon Yang and Anthony Lieu, KPMG 2:05--2:55
Break/Refreshments -- 2:55--3:05
Regulatory Updates Priya Dayananda, KPMG 3:05--3:55
Developments in Corporate Reporting (Integrated Reporting) Sallie Pilot, Black Sun 3:55--4:45
Cyber Security Discussion Greg Bell, KPMG 4:45--5:15
Closing Remarks Zinga Venner, World Bank Manager,
Corporate Reporting & Analysis		 5:15--5:25
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    PRIYA DAYANANDA

    Director, Federal Government Affairs
    Priya Dayananda has been the Director of Federal Government Affairs since May 2006. The Office of Government Affairs is responsible for representing KPMG’s interests in all matters of public policy before the Federal and state governments and for assisting non-U.S. practices in achieving their government affairs goals. Ms. Dayananda advances the U.S. firm’s public policy agenda by communicating the firm’s priorities and positions to the Administration, Members of Congress, and Regulators.
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    PAUL MUNTER, PHD, CPA

    Partner, Department of Professional Practice - Audit & Advisory
    Paul Munter is a Senior Partner in the Audit Quality and Professional Practice Group with KPMG. He serves as the lead technical partner for the U.S. firm's international accounting and IFRS activities and has served on KPMG's Global IFRS Panel which is responsible for establishing KPMG positions on the application of IFRS. Additionally, he serves as the National Office liaison to the food, retail, and consumer markets sectors and in this role works closely with the firm's clients and audit engagement teams on accounting and auditing matters in these sectors.
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    BRIAN B. STEPHENS

    National Line of Business Leader, Financial Services
    Brian has spent his career in the audit practice of KPMG. He joined KPMG in Johannesburg, South Africa in 1979, qualifying as a Chartered Accountant (S.A.) In 1987 Brian was admitted to the South African partnership at which time he assumed responsibility for that firm’s national technical office. In 1989 Brian transferred to the United States, joining the New York banking practice. He was admitted to the U.S. partnership in 1993.
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    ANTHONY LIEU

    Director, FRM Market Risk
    Anthony Lieu is a Director in the market risk section of KPMG LLP's Financial Risk Management practice. He has extensive experience in model validation, as well as valuing financial instruments and knowledge of various models for firms in the financial services industry as well as any other companies that are exposed to valuation and model risk.
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    LEON L. YANG

    Managing Director
    Leon has over 20 years of experience in mathematical finance and risk management in global capital markets and investment banking. He has extensive market, product, and modeling knowledge across interest rate, credit, structured products, FX, commodities, and equity. He has managed model risk management, model validation, and financial valuation engagements. At KPMG, Leon co-leads financial instrument valuation and model services for the firm’s market risk management practice.
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    MICHAEL H. HALL

    Partner
    Michael is a partner in KPMG’s Department of Professional Practice in New York. Prior to this he led KPMG’s OnCall Technical Accounting Advisory Services. Michael spent ten years providing Financial Statement Audits in KPMG’s Northeast Financial Services practice focusing on banks and mortgage banks. Michael has over 25 years of experience in accounting, financial reporting and auditing with KPMG.
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    DAVID REAVY

    Lead Partner
    David is an audit partner with 25 years of experience in KPMG’s US Banking and Capital Markets practice. David is also a frequent public speaker and leads many of the firm’s industry and technical trainings for our senior financial services professionals. In addition, he speaks frequently at client and industry seminars on current accounting, reporting, industry and auditing matters.
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    GREG BELL

    Principal, KPMG Cyber - US Lead
    Greg serves as the U.S. leader for KPMG Cyber. He has extensive experience helping global Fortune 500 companies protect their critical business information by helping to align their most important business processes with supporting technologies and foundational risk management elements. Greg has a strong background in the areas of Information Management and Information Security, with particular specialization in the fields of IT risk management and business enablement. He has been a frequent spokesperson for the firm on technology security and privacy trends and the impact on cloud, digital, and mobile business strategies.
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    SALLIE PILOT

    Director of Research & Strategy, Black Sun
    Sallie has more than 20 years’ experience in delivering strategic corporate communications consultancy projects for a range of UK and international clients. She is a recognised commentator on ‘integrated thinking’ and corporate reporting and is committed to ongoing research on enhanced narrative reporting, monitoring global trends in the pursuit of best practice communications. She is a member of the FRC’s, Financial Reporting Lab Steering Group, two of ACCA’s Global Forums, the Communications Group for Accounting for Sustainability – one of the Prince’s Charities and on the Board of the UK Investor Relations Society.
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    RANDY R. LASZEWSKI

    Partner, Professional Practice Group
    Randy is an Audit partner in KPMG's National Professional Practice Group based in New York. He has provided professional audit services to several large public and non-public companies. He is experienced with PCAOB requirements, U.S. GAAP, and SOX 404. He has a thorough knowledge of SEC rules and regulations and has been involved in numerous debt and equity offerings, and SEC filings. He has extensive knowledge and experience in the financial services and consumer markets sectors. Randy has served as the Partner in Charge of the Southeast Regional and Community Banking Practice.

Course Name: The World Bank Group Controller and KPMG Annual Financial and Accounting Conference

Course Date/Time: June 22, 2016, 8:30 a.m. - 5:30 p.m.

Course Location: The World Bank, Preston Auditorium: 1818 H St NW, Washington, D.C.

Learning Objectives: After attending this course, participants should be able to:

  • Describe the current financial services industry including changes within the banking industry and trends seen in the market
  • Identify issues, challenges and opportunities within the financial services industry
  • Define and apply the key issues in the current market
  • Determine the effects of regulatory decisions on the financial services industry
  • Understand recently issued ASU 2016 Topics
  • Identify the imapct of FASB standard on hedge accounting
  • Describe updates from PCAOB inspections and standards
  • Describe some of the key things that impact Integrated Reporting
  • Apply global audit insights into everyday workload
  • Apply best practices in Cyber Security
  • Discuss recent developments with IFRS and the latest standards being discussed, including revenue recognition and lease accounting

Target Audience: This course is designed for and currently open only to World Bank Group, IMF, IADB and other MDB staff.

Program Description: Jointly sponsored by the WBG Controller and KPMG, this one-day conference brings together leading experts from KPMG for an in-depth discussion on current accounting and finance issues facing the Banking industry. The conference will also feature interactive Q&A sessions during the day between the audience and the presenters. This will be an in-depth discussion on US GAAP and IFRS accounting pronouncements as well as a discussion on the International Integrated Reporting Framework. As in previous years, the conference attracts finance and accounting professionals across the World Bank Group, as well as the International Monetary Fund and the Inter-American Development Bank. This conference qualifies for Continuing Professional Education credits. Meeting materials will be available one week before the start of the event. Breakfast, lunch and refreshments will be provided. 

NASBA Instructional Delivery Method: Group live (classroom/lecture)

Estimated CPE Credit: This course is worth approximately 7 credits.

Prerequisites: None required

Advance Preparation: None required

Program Level: Update - Learning activity level that provides a general review of new developments. This level is for participants with a background in the subject area who desire to keep current.

KPMG Accommodations Statement: KPMG provides reasonable accommodations to individuals who request such accommodations to participate in training. Individuals requesting such an accommodation(s) should contact your local HR professional at least two weeks prior to the start date of the program.

Course Registration Requirements: Please register at the link provided in the Registration tab above.

Refund/Cancellation Policy: There is no refund available for this course. Penalty assessed for any no-show.

Complaint Resolution Policy: Any questions about or issues with this course may be emailed to the Local Office Training Program Coordinator, Candice Brinkman, at CBrinkman@kpmg.com.

Official NASABA CPE Sponsor Statement: KPMG is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final Authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Website: www.nasba.org.

The World Bank Group Controller and KPMG Annual Finance and Accounting Conference will be held at the World Bank Group Headquarters in Washington DC on June 22, 2016.

To register, please select the applicable link below.

World Bank Group Staff Registration (LMS)

Registration is FREE for World Bank Group staff who sign up by June 17, 2016. Charges will apply after that date, as noted below:

Late registration (after June 17, 2016) $200
Late cancellation (after June 20, 2016) $200
No show $200

 

IMF and IADB Staff Registration

Conference Fee:

The fee for participation for IMF and IADB Staff is US$175 per person. This fee applies to participation in all sessions, lunch, and refreshment breaks. The fee does not include travel or accommodation expenses, which should be planned by each participant. To secure your place at this conference, kindly follow the relevant payment instructions below after registering to attend the conference.

Charges will apply for all registrants in the following circumstances:

Late registration (after June 17, 2016)             $200
Late cancellation (after June 20, 2016)   $200
No show   $200
 

Please find below the meeting materials.

For any specific questions about the event, please contact:

Overview
  • When: Wednesday, June 22, 2016 8:30 am to 5:30 pm
  • Where: The World Bank, Preston Auditorium: 1818 H Street NW, Washington DC
  • Who: This event is currently open only to World Bank Group, IMF, IADB, and other MDB staff.
Welcome