2024 Crowe Financial Services Conference

As one of the most highly regulated industries on the forefront of digital transformation, banking is never boring. And neither is this session, which offers a fast-paced, fun look at hot topics in banking. Crowe subject-matter specialists will highlight recent accounting and regulatory requirements and operational best practices.

By the end of this session, attendees will be able to:

• Assess and describe the accounting, tax, regulatory, and operational changes on the horizon 

Field of study: Accounting
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None

As one of the most highly regulated industries on the forefront of digital transformation, banking is never boring. And neither is this session, which continues Industry Trivia 1’s fast-paced, fun look at hot topics in banking. Crowe subject-matter specialists will highlight recent accounting and regulatory requirements and operational best practices.

By the end of this session, attendees will be able to:

• Differentiate and inform their banks of accounting, tax, regulatory, and operational changes on the horizon

Field of study: Tax
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None

Tabletop simulations are an effective way to practice crisis response and operational recovery capabilities and help elevate preparedness by equipping response team members to better safeguard their organization from the financial, reputational, legal, and operational impacts resulting from an incident of any kind.

In this session, we will walk through a fictional, tailored scenario – and the challenges resulting from the scenario – in a relaxed, low-stress atmosphere while fostering collaborative conversation and exploring critical decision-making throughout the evolution of the crisis.

By the end of this session, attendees will be able to:

• Define the evolving threat landscape
• Identify the latest trends and types of cyberthreats and challenges facing organizations today
• Recognize the potential impacts of these threats on financial stability, reputation, legal standing, and operational functionality

Field of study: Information technology – technical
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None

Tabletop simulations are an effective way to practice crisis response and operational recovery capabilities and help elevate preparedness by equipping response team members to better safeguard their organization from the financial, reputational, legal, and operational impacts resulting from an incident of any kind.

In this continuation from Part 1, we will walk through a fictional, tailored scenario – and the challenges resulting from the scenario – in a relaxed, low-stress atmosphere while fostering collaborative conversation and exploring critical decision-making throughout the evolution of the crisis.

By the end of this session, attendees will be able to:

• Explore the importance of tabletop simulations:
  • Interpret the role and benefits of tabletop simulations in crisis preparedness and response
  • Describe how simulations can enhance the capabilities of response team members to safeguard their organization
• Enhance crisis response and recovery capabilities:
  • Develop skills in effective crisis response and recovery through participation in a fictional, tailored scenario
  • Demonstrate making critical decisions in a controlled, nonthreatening environment

Field of study: Information technology – technical
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None

As organizations’ development, delivery, and adoption of AI increases, there is greater emphasis on the need for strong governance. This session will enhance participants’ understanding of the frameworks, expectations, and roles and responsibilities related to managing risks when using AI models.

This session will help increase awareness and support the establishment of strong governance structures within attendees’ organizations.

By the end of this session, attendees will be able to:

• Describe significant use cases of AI technologies in financial institutions
• Create and demonstrate the role of governance in setting the tone and establishing accountability for risk management
• Identify the frameworks, guidance, and emerging trends related to AI governance
• Explain the roles and responsibilities across the organization

Field of study: Information technology – technical
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None

This session will examine accounting topics facing clients in 2024 in light of current economic conditions. It also will address what some organizations have been working through related to their strategic investments as well as new accounting standards.

By the end of this session, attendees will be able to:

• Apply best practices in accounting for emerging issues in the financial services industry and evaluate financial reporting considerations

Field of study: Accounting
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None

This session will focus on the latest accounting and financial reporting developments of interest to financial institutions, covering recent developments from the Financial Accounting Standards Board, the Securities and Exchange Commission, the Public Company Accounting Oversight Board, the American Institute of Certified Public Accountants, and the federal financial institutions regulators.

By the end of this session, attendees will be able to:

• Explain and apply final accounting standards and other changes in financial reporting for financial institutions

Field of study: Accounting
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None

This session will continue Part 1’s focus on the latest accounting and financial reporting developments of interest to financial institutions, covering recent developments from the Financial Accounting Standards Board, the Securities and Exchange Commission, the Public Company Accounting Oversight Board, the American Institute of Certified Public Accountants, and the federal financial institutions regulators.

By the end of this session, attendees will be able to:

• Explain and apply final accounting standards and other changes in financial reporting for financial institutions

Field of study: Accounting
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None

As organizations mature and grow in size and complexity within a rapidly changing environment, there is an increasing emphasis on the need for strong governance. This session will enhance participants’ understanding of the Three Lines of Defense model, their roles and responsibilities within it, and the importance of collaborating and coordinating to effectively manage risks. This will help establish strong governance structures within attendees’ organizations.

By the end of this session, attendees will be able to:

• Describe the Three Lines of Defense model and its importance in effective risk management
• Explain the roles and responsibilities of each line of defense within the organization
• Recognize the role of the governing body in setting the tone and establishing accountability for risk management
• Discuss the importance of clear communication and distinguish between the second and third lines of defense

Field of study: Specialized knowledge
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None

This session will focus on the latest accounting and financial reporting developments for current expected credit loss (CECL) model refreshes.

By the end of this session, attendees will be able to:

• Discuss recent CECL updates beyond adoption
• Explain the stances Crowe has taken and what we would view as expectations

Field of study: Accounting
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None

This session will cover how high interest rates affect the approach to tax planning for financial institutions, including strategies that can directly reduce income tax liabilities and income tax expenses as well as those that maximize the deferral of income tax payments. In addition, this session will address recent federal tax developments affecting the financial services industry and how they might affect corporate tax returns and financial statements. All topics will be presented in terms that the non-tax professional can understand.

By the end of this session, attendees will be able to:

• Demonstrate how a high-interest rate environment affects the approach to tax planning
• Determine what types of tax planning strategies are available to financial institutions, their level of effectiveness, and their impact on the financial statements
• Illustrate recent federal income tax developments and their potential impact on financial institution taxpayers

Field of study: Tax
CPE hours: 1.0
Program level: Basic
Prerequisite: None
Advance preparation: None