November 12: Webcast - New Standard for Auditors & Audit Committees: What Attorneys and Their Clients Need to Know #MCLE

With the adoption of the PCAOB’s new audit standard (“AS 16”), substantial changes are in store for the way auditors and audit committees communicate, and counsel advising them need to be ready to respond. Effective for calendar year 2013 audits, the standard specifies new topics that must be discussed and additional items to be included in communications. This webinar highlights some of the more noteworthy requirements of AS 16 and their impact. You will learn the hot buttons that both sides need to know as we enter the SEC reporting season.
Please join us for an exciting discussion on how this new standard will affect your clients and how to advise them. Areas that will be addressed include:

• an overview of AS 16 and its significance
• the impact of this standard on auditors and audit committees
• potential civil litigation involving AS 16
• regulatory considerations as a result of the new requirements.

Title:
New Standard for Auditors & Audit Committees: What Attorneys and Their Clients Need to Know
When/Where:
Tuesday, November 12, 2013
9:30am ET
Webinar - Pre-registration required
Credit:
1 CLE credit in NJ, NY, CA and IL
By:
The New York Law Journal
Speakers:

• Sally L. Hoffman is a Berdon LLP partner and Co-Director of the Litigation, Valuation, & Dispute Resolution Group with more than 30 years of experience. She is an expert at litigation consulting, with in-depth expertise in investigations of alleged fraudulent financial reporting, consulting in the application of generally accepted accounting principles (GAAP) and auditing standards (GAAS), damage analyses, fraud investigations, contract and business disputes, and forensic accounting. Ms. Hoffman is a nationally recognized authority on accounting and auditing standards, professional ethics, and Securities and Exchange Commission (SEC) reporting requirements. She has been active in the profession’s standard-setting process and has served on all three senior technical committees of the American Institute of Certified Public Accountants (AICPA): the Auditing Standards Board; the Accounting Standards Executive Committee; and the Professional Ethics Executive Committee. She also served on the Professional Standards and Practices Committee of the Association of Certified Fraud Examiners.
• Tobias Knapp, Partner, Audit Committee Expert, Jenner & Block - Mr. Knapp’s recent transactions have involved counseling clients in public and private mergers, acquisitions and divestitures, including “going private” transactions, cross-border acquisitions, and joint ventures. He advises private equity and asset management clients on a variety of transactions, including acquisitions, growth equity investments, secondary sales of private equity fund interests, portfolio company transactions and the formation of private investment funds. Mr. Knapp has represented issuers and underwriters in initial public offerings, public offerings of equity, debt and derivative securities and public exchange offers.
• Sarah L. Cave is a partner at Hughes Hubbard & Reed LLP, where she concentrates on securities litigation, accountants’ liability, and bankruptcy litigation. She has worked on several of the largest financial crisis-related litigations of the last several years, including Lehman Brothers, MF Global, and Bernard L. Madoff Securities. She has been admitted to the United States Supreme Court, the United States Court of Appeals for the Second, Third, Fourth and Seventh Circuits, as well as the United States District Courts for the Eastern, Southern and Western Districts of New York. She served as a law clerk to the Honorable Joan A. Lenard, United States District Judge for the Southern District of Florida, and as a staff law clerk to the United States Court of Appeals for the Seventh Circuit. She was recognized by the New York Law Journal in 2012 as a “Lawyer Who Leads By Example”, and is an eight-time recipient of the Legal Aid Society Pro Bono Publico Award. Ms. Cave co-chairs the Firm's Pro Bono Committee, and is active in organizing several of the Firm's diversity and women's initiatives.
• A partner in the Securities Litigation and Enforcement Group at Paul, Weiss, Walter Ricciardi has extensive experience defending a broad variety of investigations conducted by the U.S. Securities and Exchange Commission and other regulatory authorities. Additionally, he has extensive experience conducting internal investigations for public companies and directors, including investigations related to allegations of accounting and financial fraud and compliance with the Foreign Corrupt Practices Act. Prior to joining Paul, Weiss in June 2008, Walter was the Deputy Director of the SEC's Division of Enforcement, where he supervised many of the Commission's most significant investigations related to financial fraud, FCPA, insider trading and broker-dealer and mutual fund compliance issues.

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