Current Challenges and Key Risks in Financial Reporting

6 Credits: Accounting
Event Date: June 17, 2021 7:30 am


Availability: 50 in stock

Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

 Secure Transaction

Current Challenges and Key Risks in Financial Reporting

Course Level
CPE Credits

6 Credits: Accounting
Event Date: June 17, 2021 7:30 am

Course Description

Businesses are recovering from a level of disruption without parallel since WW2. Recovery has opened up opportunities for some while forcing others companies to confront unprecedented challenges to ongoing operations. The course provides participants with an overview of recent developments in the areas of corporate reporting, risk management, controls, and compliance. Coverage will be updated throughout the year to reflect emerging trends and issues. Other topics covered include issues faced by public and private companies and the CPAs who serve them.

Note: Content will be geared to the interests of the audience (public vs. non-public companies, CPAs in industry and public practice)

  • Economic and business outlook for 2021 and 2022
  • Emerging from the disruption of Covid: Signposts and Challenges
  • The lasting impact of disruption, digitization and the virtual economy
  • Regulatory update: SEC, PCAOB, AICPA, etc.
  • Creating corporate resilience: tools and applications
  • Data breaches and privacy: implications for CFOs
  • Cybersecurity: regulatory and reporting developments
  • Data analytics: what is it? Who is using and with what success?
  • How will 5G revolutionize real and digital businesses?
  • Global economic relations and supply chains in a post-pandemic world.
Show More
Show Less

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • List opportunities and risks businesses will confront in the coming 12-18 months
  • Identify the major threats to US economic recovery
  • Learn practical tools to measure company resilience in the face of ongoing threats
  • List PCAOB and SEC’s concerns with the current state of financial reporting
  • Identify current accounting, compliance and legal standards for reporting and disclosing data breaches.
  • Explain how recently enacted privacy rules will affect companies’ compliance and disclosure obligations
  • Explain how data analytics are reshaping company strategies and the role of finance in the digital transformation of our economy
  • Understand how the race to 5G will affect our US global competitiveness
  • Understand how evolving global economic relationships are affecting US companies
Show More
Show Less

Course Specifics

Course ID


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
CFP Provider Number: 3199
CFP Course Number: 292835

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Ray Thompson Headshot

Dr. Ray Thompson, CBA, CFM, CMA, is an emeritus associate professor of accounting and finance at the University of Pittsburgh. He served as department head at the University of Pittsburgh at Johnstown (UPJ) campus for over 25 years. He was the associate director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups. He has taught in graduate and undergraduate business programs in Europe, Africa, and the United States. Ray received his BS and MS degrees in economics and systems dynamics from the University of Bradford in …

Ray Thompson, CBA, CFM, CMA Read More »

Related Courses

No items found