Breakout: Accounting Fundamentals for Directors

This ​session is designed to provide the “ordinary” board member—typically not a member of the audit committee, or possibly a newly appointed member—with ​concrete suggestions to monitor potential issues related to financial reporting. The classroom style presentation seeks to improve directors’ understanding of accounting principles in a way that cuts to the chase and de-emphasizes​ ​“traditional practices” in favor of more practical strategies. Topics covered will include the discretion introduced by critical accounting policies and the importance of new PCAOB-mandated audit disclosures.