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A presentation on the effect of the Sarbanes-Oxley Act on the boardroom.

The role of audit committees in corporate governance is continuing to evolve. We'll examine audit committee responsibilities and requirements, including independence and financial literacy requirements, oversight of the auditor, receipt of complaints, and development of audit committee charters. We will also consider the role of audit committees in crisis situations and issues related to audit committee member liability. During the program you'll also gain a broader understanding of the SEC's expectations of audit committees in corporate governance.

Your company's tax-exempt status is valuable. Do you know the law well enough to protect it? Here you will learn the top ten things a tax-exempt organization's legal department should do to obtain and maintain its tax exemption and minimize liability for unrelated business income (UBI).

CEO’s and lawyers have lost their jobs over improper revenue recognition. As corporate counsel, you are expected to help make sure your company is doing it right. Using a number of typical contracts that most in-house lawyers will negotiate and draft during their careers, our panel will discuss the kinds of accounting issues that may come up, particularly in the context of earnings and revenue recognition.

CEO's and lawyers have lost their jobs over improper revenue recognition. As corporate counsel, you are expected to help make sure your company is doing it right. Using a number of typical contracts that most in-house lawyers will negotiate and draft during their careers, this panel discussed the kinds of accounting issues that may come up, particularly in the context of earnings and revenue recognition.

Antitrust is a potential high-risk area for many companies. The consequences of an antitrust violation can be severe and substantial. A proactive way for companies to reduce and manage their potential antitrust liability is to conduct an antitrust audit. An effective audit will review and evaluate the company's potential antitrust risk areas, and provide recommendations of ways to eliminate or reduce those risks. But how do you design and conduct an efficient and productive antitrust audit that also is not too costly or burdensome for the company? Our panel has the answers!

ACC’s focus on privilege protection led us to look into the evolving (devolving?) relationship between lawyers and auditors for the company, but what we found takes us far beyond problems that arise in the context of auditor access to confidential or privileged files: additional dissatisfactions permeate the relationship. This program will present the results of this year’s examination of how to improve lawyer-auditor rapport and propose ideas to help facilitate the important work that lawyers and auditors should be working together to accomplish.

New regulations and ever-evolving standards are changing the relationship between companies and their auditors, and the way audits are conducted. What are the company's legal obligations when working with auditors? How can in-house counsel assist in the audit process? Who is in charge and what are the standards? What can be done when auditors change their minds? How can you best protect the attorney/client privilege in the audit process (e.g., minutes, litigation reserves)? Learn the answers to these and other pressing questions from our panel.

Do you feel confident that your company is properly identifying and managing its IP assets? Join your in-house IP peers as they share with you their best practices to legally protecting IP assets including developing and implementing an IP audit system and management strategies. Considerations for small to medium law departments will be specifically addressed.

Establishing and managing corporate governance best practices for any company can be a challenge. But how do you do it on a limited budget with few personnel? How can a small law department meet the challenges imposed by evolving standards to adapt corporate governance best practices that fit the company? How do you advise the Board and senior management? Benchmark with your small department peers who have been there, done that. Learn what tools and resources are available to ensure compliance with best practice standards.

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