Webinar, Forensic

Navigating Financial Reporting Changes: Enhancing Transparency and Strategic Decision-Making

Enitan Adebonojo, CFA, CPA, Head of Bespoke Analyst Team

Zach Gast, Board Member, International Accounting Standards Board

13 July 2023

10:00 AM EDT | 9:00 AM CDT | 3:00 PM BST

Given the ever-evolving nature of the financial markets, it is crucial to recognize the dynamic landscape. The forthcoming changes in reporting requirements are pivotal in fostering transparency, equipping investors with precise and pertinent information essential for making well-informed decisions.

In this session, Enitan Adebonojo, CFA, CPA, Head of Bespoke Analyst Team, CFRA Research, and Zach Gast, Board Member, International Accounting Standards Board, will discuss the latest industry trends and best practices, providing attendees with valuable strategic planning and tactical execution insights.

In the immediate term, they will discuss two key areas. First, explore the new disclosure requirements for Supplier Finance Arrangements, which will take effect after 01 January 2024. Second, examine the suspension of deferred tax accounting for Pillar II taxes and the accompanying disclosures for the current calendar year.

Looking ahead, they will delve into the Primary Financial Statements (PFS). They will also discuss the changes in profit and loss statement structure, disaggregation principles, and the presentation of management performance measures. Additionally, touch on the increased disclosure requirements for Business Combinations, including expected synergies and discussions on goals, targets, and internal performance metrics.

Speakers

Enitan Adebonojo, CFA, CPA

Head of Bespoke Analyst Team

Ms. Adebonojo is the Head of Advisory Services for CFRA. In this capacity, she is responsible for overseeing Bespoke Solutions for clients and CFRA Academy's training solutions. She joined CFRA in 2001 as a generalist covering European companies and later covered the U.S. consumer retail industry. She came to CFRA with ten years of audit experience. Ms. Adebonojo holds a BBA/MBA in Public Accounting from Pace University and an MBA in Finance from the University of Maryland. She is also a member of the AICPA and CFA Institute.

Zach Gast

Board Member, International Accounting Standards Board

Mr. Gast joined the Board for an initial term of five years from CFRA —a provider of independent investment research—where he served as president, directing the organisation's forensic accounting and equity research strategy. Before joining CFRA, he served as a senior vice-president at Paulson & Co from 2009 to 2013 and as the sector lead for financial sector equity analysis at the CFRA from 2005 to 2009. Mr. Gast also served as a member of the Financial Accounting Standards Board's (FASB) Financial Accounting Standards Advisory Council from 2018 to 2020. He has an MBA from Georgetown University and a BA from Brown University.