SEC Commissioner Caroline A. Crenshaw and Independent Corporate Director, former FASB Chairperson Leslie Seidman to provide keynote speeches.
Good quality, granular, machine-readable data is driving greater automation, and producing more dependable and consistent outcomes for researchers, analysts, investors, corporate planners, auditors, regulators, and even standard setters. Structured financial statement data even makes fintech applications like Artificial Intelligence more reliable.
Attend this free, half-day event to hear real-world case studies. Find out how corporate financial planners and SEC reporting managers are better able to benchmark against peers, and identify trends when preparing new ASU disclosures. Learn how structured data is enabling more informed decisions for standard setters making policy decisions, for example when investigating changes to the accounting treatment of Goodwill. Find out how academics are getting better insights into how companies are managing tax obligations under the impact of COVID. In a rapidly changing world, data users need to perform faster, better analysis. Structured, standardized data makes that happen.
This half-day forum provides concrete illustrations of how structured data delivers that value.
The program was developed by XBRL US, and is held in partnership with Baruch College’s Zicklin School of Business, CFA Institute and CFA Society New York. The event is free to attend but registration is required.
This event will be preceded on Tuesday, November 9, by the Annual General Meeting for XBRL US Members, which is closed to the public. Details on this will be available for members shortly.
|12:30 – 12:40 PM||Welcome & Introductions
|12:45 – 1:15 PM||Keynote Presentation:
Leslie F. Seidman, Independent Corporate Director, Former Chair of the Financial Accounting Standards Board (FASB)
|1:20 – 1:50 PM||Keynote Presentation:
Commissioner Caroline A. Crenshaw, United States Securities and Exchange Commission
|1:55 – 2:15 PM||How Data Standards Support Better Analytics
The structure of standardized data allows users to disaggregate to a highly granular level, and to combine and query facts in meaningful ways. Get a “bird’s eye view” into the structure of XBRL-formatted data and why it is so valuable to app builders and data consumers.
|2:20 – 3:25 PM||Delivering Value for Analysts & Investors
Analytics can involve querying and screening on vast amounts of data, as well as conducting highly granular research on individual company disclosures. Corporate financials must be timely, good quality, and easily accessible. Attend this session to hear securities analysts and investors provide examples to illustrate how access to machine-readable, detailed data available through SEC filings today has lowered the cost of analytics, delivering better value to the investment community.
|3:30 – 4:35 PM||Conducting Better, More Effective Corporate Disclosure Research
Corporate financials are not just for investors. Auditors, public companies, academics, and regulators are all intensive users of public company financial statement data. Walk through real-world case studies to learn how data users leverage machine-readable data to perform better, faster, more effective analytics.
|4:40 – 5:15 PM||Future of Machine-readable Data for Investors
Structuring “unstructured” data, improving outcomes from AI platforms, automating corporate Environmental-Social-Governance (ESG) data. These are all programs we will see in the very near future. Attend this session to find out where these initiatives stand and how soon we can expect to see them realized.
Aaron Astrachan, Director, Financial Planning & Analysis, MOOG, Inc.
For 20 years, Aaron has strived to deliver enterprise insights across various finance and FP&A roles. The first half of his career was spent at a rapidly-growing, publicly traded telecommunications company where he developed business KPIs and enterprise-wide performance analyses. He then moved to Moog, an Aerospace and Defense and Industrial high-performance motion controls manufacturer, where he is currently the Director of FP&A, leading the enterprise forecasting and modeling processes. He also shapes the external financial performance by developing the external guidance and authoring the MD&A, as well as conducts in-depth internal and external performance benchmarking analyses.
Christine Cheng, Visiting Academic Scholar at the Securities Exchange Commission’s Division of Economic and Risk Analysis Office of Structured Disclosure
Christine Cheng is an Assistant Professor of Accountancy at the University of Mississippi and a visiting scholar at the Securities Exchange Commission. In both her teaching and research Christine focuses on the intersection of data analytics and taxation. She specifically seeks to understand areas where data analytics can inform business and policy decisions in taxation. Of particular interest, Christine has been examining how XBRL data can provide important early information regarding the impacts of the CARES act Net Operating Loss carryback provision on firms’ liquidity during the global pandemic and the current policy discussions regarding corporate tax reform.
Caroline A. Crenshaw, U.S. Securities and Exchange Commissioner
Caroline A. Crenshaw was appointed by President Donald J. Trump to the U.S. Securities and Exchange Commission, unanimously confirmed by the U.S. Senate, and sworn into office on August 17, 2020.
Commissioner Crenshaw brings to the SEC a range of securities law and policy experience and a commitment to public service and the SEC’s mission. Most recently, she served as Counsel to Commissioners Kara Stein and Robert Jackson, focusing on strengthening investor protections in our increasingly complex markets. Commissioner Crenshaw also served as a career SEC staff attorney in the Office of Compliance Inspections and Examinations and the Division of Investment Management, helping oversee the institutions that manage millions of Americans’ savings. In addition, Commissioner Crenshaw currently serves as a captain in the United States Army Reserve, Judge Advocate General’s Corps.
Prior to government service, Commissioner Crenshaw practiced law in the Washington, D.C., office of Sutherland, Asbill and Brennan LLP. At Sutherland, she represented public companies, broker-dealers, and investment advisers on complex securities law investigations and enforcement matters.
Commissioner Crenshaw graduated cum laude from Harvard College and received a law degree, magna cum laude, from the University of Minnesota. She is a native of Washington, D.C., where she currently resides.
Pranav Ghai, CEO, Calcbench
Pranav is the co-founder and CEO. He manages the day-to-day activities of Calcbench. Pranav has a background in Applied Mathematics. He brings more than two decades of experience as an analyst at TIAA and ITG, and at Calcbench. In addition, Pranav was a vice president for ModelWare and Quantitative & Derivative Strategies at Morgan Stanley. He is a Board Member of XBRL US, is on the Technical Computing Advisory Board for Microsoft and is a member of the CFA Institute’s Corporate Disclosure Policy Council (“CDPC”) which addresses issues affecting the quality of financial reporting and disclosure worldwide.
Pranav holds a B.S. from Bates College and an M.S. from New York University.
Campbell Pryde, President and CEO
Campbell Pryde brings significant experience in technology development, accounting and finance to XBRL US. Before becoming President and CEO, Campbell led the development and maintenance of taxonomies as Chief Standards Officer, playing an integral role on the executive team. He joined XBRL US from Morgan Stanley, where as Executive Director in the Institutional Securities Group, he managed the equity research XBRL-based valuation framework. He has been involved with XBRL since 2001, and served as Chairman of the XBRL US Domain Steering Committee during the critical initial build of the US GAAP Taxonomy under contract with the Securities and Exchange Commission. Prior to joining Morgan Stanley, Campbell was a Partner in the Risk and Advisory Practice of KPMG LLP. He is a member of the New Zealand Institute of Chartered Accountants.
Leslie Robinson, Professor of Business Administration, Tuck School of Business, Dartmouth College
Leslie Robinson teaches accounting and taxation courses in the MBA and Business Bridge programs. Before joining the Tuck faculty in 2006, Leslie was an adjunct lecturer at the Kenan-Flagler Business School of the University of North Carolina where she earned her Ph.D. in Accounting. She appeared twice in Poets and Quants 40 best business school professors under the age of 40. Her research interests include the interaction of tax and accounting policy, and her expertise centers on the tax and accounting issues associated with multinational operations. Leslie has published her work in leading academic journals including The Accounting Review, the Journal of Accounting and Economics, and the Journal of Accounting Research. Leslie receives grants by national and international policy organizations to fund ongoing research, which she is invited to present at conferences and business schools in the U.S. and abroad each year. Before entering academia, she practiced as a CPA in the tax practice of Ernst & Young LLP and as a manager of tax planning for Wachovia Corporation from 1999 through 2002. The American Institute of CPAs named Leslie to the Candidate High Distinction Report in 1999 for being among the 100 highest scoring candidates nationally who took and passed all four sections of the CPA exam.
Michael Schlanger, Vice President, Solution Sales, Toppan Merrill
Michael Schlanger is a business leader and innovator, with decades of experience in financial printing, who focuses on developing transaction and compliance product strategies based on client needs and regulatory changes. Mike leads a team of experts that guide the development and sale of Toppan Merrill Corporation’s SEC compliance and XBRL service offerings. Prior to joining Toppan Merrill Corporation, Mike performed numerous roles with other companies, including sales, sales management, division president and business development. He is currently serving as the Vice Chairman of the Board of XBRL US, where he has been a Board member since 2009. He is a frequent speaker at law firms, financial industry conferences and professional associations on topics related to SEC regulatory initiatives.
Leslie F. Seidman, Independent Corporate Director, Former Chair of the Financial Accounting Standards Board (FASB)
Leslie F. Seidman is an independent corporate director with over thirty years of experience in the accounting profession. Ms. Seidman currently serves as a member of the board and chair of the audit committees of General Electric Company and Moody’s Corporation. She is an advisor to idaciti, Inc., an analytical platform for structured financial and nonfinancial data, including ESG. Previously, she served as a Public Governor for the Financial Industry Regulatory Authority (FINRA).
A CPA by training, Ms. Seidman spent the bulk of her career working on accounting and disclosure policies and standards, as an auditor with EY, in industry with J.P. Morgan, then with the Financial Accounting Standards Board (FASB) as a member of the technical staff, and then as a member of the standard-setting board, which she chaired in the final years of her term. In that capacity, Ms. Seidman worked closely with the Securities and Exchange Commission and other regulators to improve financial reporting in the U.S. capital markets, including the introduction of digital reporting standards. She guided the FASB’s joint agenda with the International Accounting Standards Board to converge U.S. and international financial reporting standards. Ms. Seidman represented the U.S. in the International Forum of Accounting Standard Setters and was an Observer to the International Integrated Reporting Council.
Ms. Seidman earned an M.S. in accounting from New York University Stern School of Business and a B.A. in English from Colgate University. She is certified in cybersecurity oversight by the Software Engineering Institute at Carnegie Mellon University and was recently certified in ESG Oversight by Competent Boards (GCB.D).
Jenny Simpson, CPA, Financial Reporting Manager at Whiting Petroleum Corporation
Jenny has worked on Whiting’s financial reporting team for 3.5 years, specializing in the Company’s external SEC filings as well as internal reporting and other technical and corporate accounting functions. Prior to Whiting, Jenny worked in technical accounting at SM Energy from May 2017-April 2018 and as an auditor at EKS&H LLLP (now Plante Moran) from 2014-2017, focusing mainly on the oil and gas and hospitality industries. Jenny has a Bachelor of Business Administration degree in accounting from the University of Notre Dame and Master of Business Administration degree from the University of Denver.