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Roundtable on Financial Reporting and Analysis of Insurance Companies
November 13, 2012 - by invitation only and not for attribution
Participants included representatives from: SEC, FASB, IASB, Big 4, Buyside--equity and fixed income, Sell-side--equity and fixed income, and Academia.
XBRL and Interactive Data Roundtable
October 6, 2011- by invitation only and not for attribution
Participants included representatives from: SEC, FASB, Big 4, SEC filers (large and small), SEC filing services providers, Buyside (equity and hybrid), Sell-side analysts and stratgists (equity), a largeTechonology company, and Academia.
Enhancing Financial Integrity for Corporate Directors
March 10-12, 2008
September 8-10, 2008
CEASA and Columbia Business School Executive Education presents Enhancing Financial Integrity for Corporate Directors
Location: Ritz-Carlton New York, Battery Park
Read the agenda
New York Roundtable Discussion: Fair Value Project
Morgan Stanley hosted CEASA's third round table on the Fair Value Project.
London Roundtable Discussion: Fair Value and the Banking Industry
CEASA/ICAEW Round Table on Fair Value Accounting in Chartered Accountants’ Hall, London. As a result, Occasional Paper “Fair Value Accounting in the Banking Industry” was finalized and published in May 2007. This paper studies the application of fair value accounting in bank holding companies in the United States with the purpose of evaluating the effects of expanding fair value accounting in the banking sector. More information is now available on line (Fair Value Accounting: Impact on the Banking Industry).
Academic Roundtable Discussion: Fair Value Policy
CEASA held a roundtable discussion with academics on this issue. Panel of academics reviewed a preliminary draft of CEASA's white paper and banking paper. A successful four hour meeting generated helpful comments.
Roundtable Discussion: From Stock Selection to Portfolio Alpha Generation: The Role of Fundamental Analysis
December 8, 2005
CEASA and Morgan Stanley's Journal of Applied Corporate Finance (JACF) hosted a Roundtable that provided a forum for participants working in different areas of the investment process. The conversation commenced by asking the buy-side participants to explain their investment styles and practices and then asked the sell-side participants to comment on their experience with clients and the investment process. The conversation then moved on to discuss how the participants evaluate companies and investments from a stock (or security) selection perspective and eventually relate this to portfolios and their risk. The Round Table is published in the Journal of Applied Corporate Finance in Volume 18, Number 1, Winter 2006. The center develops and hosts roundtables for security analysts through the "Security Analysis" series.
Roundtable Discussion:FAS 133 (IAS 32 & 39)
October 6, 2005
Co-Director Trevor Harris and Advisory Board Member Peter Fisher gathered a group of practitioners to discuss the issues. The meeting primarily addressed FAS 133 (fair value for derivatives) application issues. Because the IASB is dealing with issues similar to FAS 133 rules, IAS 32 & 39, CEASA also invited practitioners with International concerns. Ideas were presented by several practitioners from major corporations, followed by a presentation on the views from the audit and boardroom. The rating agency, investor and academic perspectives were considered during the discussion periods. Concerns from this meeting will be addressed and applied in the white papers.
More information is now available in our 2005 Annual Report.
Debt vs. Equity Project Panel Discussion
This project lays out a comprehensive solution to the problem of accounting for claims based the performance of a firm's stock price. The accounting covers employee stock options, stock appreciation rights, put and call options, convertible debt and preferred stock, warrants, and other hybrid securities. This project of the event is available online, in our Policy Research.
Roundtable Discussion:Debt vs. Equity
Timely & True from an Owner's View: Shareholder Value Accounting for Employee Stock Options
Timely & True from an Owner's View: Shareholder Value Accounting for Performance-Contingent Claims
We had a successful round-table discussion on Debt vs. Equity: Accounting for Claims Contingent on Firms' Common Stock Performance with Particular Attention to Employee Compensation Options. The objective of this meeting was to discuss our first white paper draft. From this white paper project, we have completed Policy Brief No. 1 and No. 2 papers in our "Policy Brief" paper series. Our first policy brief specifically addresses the treatment of employee stock options. A second policy brief covers other performance contingent claims, with an emphasis on the borrowing incurred with these claims.
Roundtable Discussion: Pensions and Other Post-Retirement Obligations
January 3, 2004
We are very satisfied with the outcome, even a little surprised that we could hammer out solutions from such an intense discussion with differing perspectives. A number of participants stated that it was the best discussion of the issue that they have experienced. Bob Herz, Chair of the FASB, indicated at the meeting that the FASB and IASB are considering a joint project on the pension issue. We hope that our deliberations will help them structure their project and also present them with solutions.
More information is available in our 2004 Annual Report.
CEASA has recently received gifts of $125,000 each from Morgan Stanley and General Electric. In 2003, a founding gift from Morgan Stanley and GE was instrumental in creating the center, which has since produced a body of independent research for stakeholders across academia, industry, and government. With Morgan Stanley’s and GE's renewed pledge of support, CEASA is well-positioned to lead the next chapter of dialogue around security analysis and accounting issues and to generate practical policy solutions.
CEASA Director of Research, Suzanne Morsfield, awarded research grant from the SWIFT Institute to report on “The Future of Financial Data Standards” with co-authors Stephen Yang of Stevens Institute, and Susan Yount of Workiva.
CEASA co-founder, Stephen Penman, releases new Occasional Paper, “The Value Trap: Value Buys Risky Growth”, co-authored with Francesco Reggiani of Bocconi University.
Submit a Paper to CEASA
CEASA welcomes submissions for online publication of papers analyzing and proposing solutions to current issues surrounding accounting and/or security analysis policy.