Notice: Course will be held in-person in San/Diego/La Jolla. Additional location information coming soon!

This course is dedicated to new developments in the investments and derivatives world and the challenges for auditors that results. With all of the risk inherent in this highly complicated area, it is critical to stay on top of the new developments, new risks, new structures, new technology and new regulations. This class will cover all of the “news” that auditors should be concerned about. This is a class you can’t afford to miss if your continued or new responsibility is auditing the investment and derivative areas within your company.

Note: Due to the nature of the course and given the uncertainty in the market, course subject matter will be finalized at a later date. Course topics are subject to change.

EXAMPLE OUTLINE (from prior year course):

Note: Due to the nature of the course and given the uncertainty in the market, topics are subject to change.

• Economic Overview: Andres Vinelli, Chief Economist at the CFA Institute and Adjunct Professor at Georgetown, will guide us through the key factors driving the economy and market:
  • Is the Fed done yet?
  • What are the chances of curbing inflation and also avoiding a recession?
  • Where are domestic and global economic indicators pointing?

• Commercial Real Estate Concerns: Is it the Latest ‘Debt Time Bomb’?
  • Review the recent market impact on the Real Estate Asset class over the last couple years. Discuss the highlights of where Audit should focus their scope when auditing Real Assets and Real Estate in today’s market.
  • “The bankruptcy of one of the largest funds at a Reno-based real estate investment firm has left hundreds of local and national clients—some of whom risked millions—worried about their investments, which were touted as delivering “double-digit returns” while being as safe “as a savings account.”

• Silicone Valley, Signature, First Republic – Oh my! The Causes, Culprits and Implications of the Regional Banking Crisis
  • The dangers of an asset/liability mismatch and insufficient Interest Rate Risk hedges
  • Impact of regulatory gaps and the perfect economic storm
  • Regulator response and prospective actions resulting from the crisis

• Understanding Private Credit, the ‘In-vogue’ Cousin of Private Equity, in Plain English
  • Plus: Direct Lending’s impact on deal-making and where it may reside in your organization’s investment portfolio
  • Plus: Review of Trends in Private Equity – Undeployed Capital, Valuation Gaps and Unhedged Floating Rate Debt
  • Plus: Impact of market volatility on Hedge Funds and why some large institutional investor are exiting the hedge fund space

• Case Studies: Examine recent failures, debacles and market events and analyze what went wrong. Examples…
  • UBS/Credit Suisse Acquisition and its $400M Archegos Settlement
  • Goldman’s Consumer Lending Losses and Potential Exit from This Market
  • SEC’s Updates Its Own Personal Trading Ethics Rules?!
  • The Great SPAC Collapse: What’s Next
  • SEC’s Record-breaking $6.4 billion in Fines and a $279 Million Whistleblower Award

• The Ultimate Crypto Soap Opera: What Happened at FTX and Alameda
  • Plus: Binance Accusations, Celsius Case Update and Who’s Still Standing in Crypto?
  • Plus: The Regulatory Crackdown on Crypto

• Auditing Investment Performance: An Overview and Round Table Discussion

• The Elephant in the Room: AI in Financial Markets, Investment Management and Trading
• Regulatory Updates:
  • Basel III / FDIC and OCC Plans for Capital Bank Capital Requirement Overhaul
  • GAO Study on Money Market Mutual Fund Vulnerabilities Revealed by the Pandemic
  • Are We There Yet? LIBOR Transition Status Update

Course Outline

Hotel Information:

Coming Soon!

Additional Hotel Information

	Investment Training and Consulting Institute, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Attendance Requirements:	In order to be awarded the full CPE hours, attendees must complete at least 3 attendance monitoring mechanisms (codewords, polls, etc) per CPE hour.
Policy Information:	For more information regarding how to register for a course, refund, program cancellation, complaint resolution policy and other frequently asked questions, please visit our Q&A page or contact our office at 785-783-8201.