GT Events & Programs Guide:ForwardThinking

DECEMBER 2017/JANUARY 2018

ContentsServices

Advisory services 4

Audit services 7

Tax services 11

Industries

Asset management 15

Banking and securities 16

Energy 17

Insurance 18

Manufacturing 19

Not-for-profit 20

Private equity 21

Public sector 22

Real estate 23

Technology 24

Issues

Culture and talent 26

Growth and value creation 27

Leveraging technology 28

Risk management 29

Washington impact 31

About ForwardThinkingToday’s global business environment is marked by mounting regulatory requirements, profound technology changes, and a complex and competitive marketplace. We seek to bring high-quality service to our clients and relevant insights on the issues affecting their businesses.

ForwardThinking is a look ahead at the latest knowledge and insights available from Grant Thornton LLP for our clients. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.

The distinctive perspectives and featured events in ForwardThinking aim to help our clients navigate today's business opportunities, risks and challenges.

To receive ongoing insights from our team:

Subscribe to receive regular and timely insights from Grant Thornton direct to your inbox

Register for upcoming webcasts and events or view on- demand episodes

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Services

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Advisory services

Our advisory professionals are progressive thinkers who create, protect and transform value today, so organizations have the opportunity to thrive tomorrow. We deliver advisory services through three interconnected business lines:

• Transaction services to create value — open new horizons for competitive advantages and business profitability through diligence, corporate finance, operations and tax consulting services.

• Business risk services to protect value —identify, manage and mitigate risk through controls, regulatory compliance, forensics, cyberrisk strategies and data analytics services.

• Business consulting and technology to transform value — fine-tune organizations for optimal performance through financial management, strategy and performance improvement, technology strategies and management, and technology solutions.

Advisory subscriptions

CFO SurveySubscribe to our CFO Survey, which is conducted biannually with CFOs and other senior financial executives across the United States. Questions range from the state of the economy to growth projections, strategies and barriers.

Corporate General Counsel SurveySubscribe to our annual survey that tracks regulatory and compliance issues faced by in-house counsel.

CorporateGovernor NewsletterSubscribe to our e-newsletter covering issues related to compliance, corporate governance, board member roles and responsibilities, internal controls, risk, fraud detection and prevention, and more.

Forensic Alert NewsletterSubscribe to our periodic e-newsletter to receive relevant insights on timely topics to guide the decision-making process of in-house counsel when confronted with fraud and regulatory issues.

Governance, Risk & Compliance SurveySubscribe to our annual survey of internal audit leaders to gain insight into the most pressing governance, risk and compliance issues facing organizations.

Risk PerspectivesSubscribe to our series featuring content that dives into the most critical risk and compliance issues facing our clients today. Content will be delivered via a series of surveys, reports, webcasts and thought leadership.

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INFOCUS 17 PresentationsGrant Thornton LLP exhibited and presented at INFOCUS 17, the deep-dive conference exclusively for JD Edwards users in Denver, Colorado. Read to learn how we helped attendees find their silver lining in the cloud.

Are You Ready for Rev Rec? Companies Under the Gun With New StandardBetween April 18 and June 13, 2017, Grant Thornton presented a five-part webcast series on the pending ASC 606 revenue recognition standard. Check out the participant poll results, which reveal that many organizations are struggling with the complexity of the new standard and are not yet prepared to implement it.

RECONNECT 17Grant Thornton LLP exhibited at RECONNECT 17, held exclusively for PeopleSoft users. Learn how we helped attendees find their silver lining in the cloud.

Navigate Guidance in ASC 606 and ASC 340-40 with New GuideGrant Thornton’s Accounting Principles Group has released a comprehensive guide on the new revenue standard, “Revenue from Contracts with Customers—Navigating the Guidance in ASC 606 and ASC 340-40.” Download our guide.

New Lease Accounting: Mitigate Risks, Tap OpportunitiesThe new leasing standard — ASC 842, Leases — is still at least 18 months out for all adopting companies. Yet, it is starting to gain a lot of attention. There are many new software solutions on the market claiming to help with the implementation of the new standard. These software solutions promise to solve your company’s issues relating to the implementation of the new standard, from calculating balance sheet assets and liabilities, to providing journal entries and controlling changes in the lease status. This new article from Grant Thornton helps companies understand the importance of mitigating data risks and calculating ROI on data opportunities.

A Holistic Approach to M&A Allows Thoughtful and Strategic GrowthIt takes an upfront analysis of your own company as well as a comprehensive look at a target to be sure your growth strategy is aligned with what you would gain from an acquisition. Any growth strategy needs to be enterprise-wide. Read this article to find out more.

Data Analytics’ New Frontiers: Internal Audit Looks ForwardThe Internal Audit Foundation is partnering with Grant Thornton LLP on a survey series to assess how companies are using data analytics in their business activities. Our third and final survey results are in! View the results here.

Recent Cybersecurity Incidents a Wake-Up Call: Take Action with These Proactive StepsDespite an increasing number of data breaches, many organizations have yet to embrace privacy and security as core values. Now is not the time to point fingers but rather consider it a wake-up call to take proactive action. Read this article to learn more.

Thought leadership

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FASB Proposes Amendments to Recently Issued StandardsThis report explores current reporting issues, including the timing of acquiree's ASC 606 adoption for consolidating reporting. Additional developments from the FASB, AICPA, SEC and more are provided

Webcasts

Lease Accounting: Gather Your Data Now and Understand Tax ImplicationsDecember 5, 2017To start the process of gathering lease data, especially in decentralized organizations, significant collaboration across departments will be critical in order to identify the full population of lease agreements. As organizations get started, they should be careful not to overlook the tax implications of the standard. Join our webcast to learn more.

Are You Ready to Put Analytics in the Driver’s Seat? Go Beyond What You’re Doing Today December 7, 2017The Institute of Internal Auditors’ (IIA) Internal Audit Foundation partnered with Grant Thornton LLP on a survey series to assess how companies are using data analytics in their business activities. Attend this webcast to learn about the findings and trends.

Sponsorships and events

General Data Protection Regulation (GDPR) Readiness SummitDecember 4-5, 2017 Chicago, ILThe EU General Data Protection Regulation (GDPR) deadline is approaching. You may think you are immune from its impact, but if you do business with customers in the EU, think again. It is time to rethink your organizational processes around compliance. The GDPR Readiness Summit, organized by Compliance Week, will cover areas on how businesses will be expected to operate when they gather, process, maintain and protect customer data.

Lease Accounting: Top Items to Discuss With Your Auditors at Year-EndDecember 12, 2017As 2017 comes to a close, the focus for implementing new accounting standards will shift from revenue recognition to leases. With the effective date on the horizon, it will be a good time for organizations to ensure that they are on the same page with their auditors about the plan for compliance. Our webcast will:

• Review key differences between ASC 842 and ASC 840

• Analyze auditor considerations for the new lease accounting standard as 2017 closes

• Determine conversations to have with auditors regarding the leasing standard

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Audit services

Our seasoned audit practitioners deliver insightful opinions leading to high-quality, independent audits that help companies access capital markets to prepare for tomorrow, today. Audited financial statements are important to our clients’ businesses, shareholders/owners, lenders, investors, and other stakeholders. Grant Thornton works with some of the country’s most successful private and public companies to first understand their businesses and the risks they face, and then to focus our efforts where they matter most. We work with clients to improve their overall financial reporting processes and to help them better understand their business.

Audit newsletter subscriptions

New Developments SummarySubscribe to our periodic bulletin providing a detailed summary of recent technical developments or accounting pronouncements.

On The Horizon NewsletterSubscribe to our weekly newsletter covering developments from the FASB, AICPA, PCAOB, SEC and others.

CorporateGovernor NewsletterSubscribe to our newsletter covering issues related to compliance, corporate governance, board member and audit committee roles and responsibilities, internal controls, risk, fraud detection and prevention, and more.

SEC Updates Interpretive Revenue Recognition GuidanceStaff Accounting Bulletins (SABs) are neither rules nor interpretations of the Commission. They represent interpretations and practices followed by the staff of the Division of Corporation Finance and the Office of the Chief Accountant in administering the financial, accounting, and disclosure requirements of the federal securities laws. The SEC staff intends SABs to be applied to analogous situations.

Comment: Update on Improvements to Related Party Guidance for Variable Interest Entities (VIEs)Grant Thornton has submitted a comment letter to the FASB on its proposed Update on Targeted Improvements to Related Party Guidance for Variable Interest Entities (VIEs). There are three primary changes in this proposal. Download the letter to learn more.

Comment Letter: Auditing Accounting Estimates, Including Fair Value MeasurementsGrant Thornton has commented on the PCAOB’s Auditing Accounting Estimates, Including Fair Value Measurements and proposed amendments to PCAOB Auditing Standards. We see value in enhancing requirements relative to accounting estimates and fair value measurements, yet have concerns about certain aspects of the proposal. Download the letter to learn more.

Proposed Amendments on Auditor’s Use of Specialists’ WorkGrant Thornton has commented on the PCAOB’s Proposed Amendments to Auditing Standards for Auditor’s Use of the Work of Specialists. We commend the board’s efforts to enhance standards pertaining to auditor’s use of specialists’ work, yet we have concerns with certain aspects of the proposal. Download the letter to learn more.

FASB Standard to Amend Hedge Accounting GuidanceOn August 28, 2017 the Board issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, which is intended to improve how the economic results of an entity’s risk management activities are portrayed in the financial statements for hedging relationships, and to simplify the application of the current hedge accounting guidance.

Details on FASB’s New Hedge Accounting GuidanceThe FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, to improve how the economic results of an entity’s risk management activities are reported in the financial statements for hedging relationships.

Thought leadership

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Comment: Proposed Revision of Description Criteria fora Description of a Service Organization’s System in a SOC2® ReportGrant Thornton LLP has submitted a comment letter to the AICPA regarding its Assurance Services Executive Committee’s draft of Proposed Revision of Description Criteria for a Description of a Service Organization’s System in a SOC 2® Report. Download the letter to learn more.

FASB Discusses Troubled Debt Restructuring (TDR)Accounting Under Current Expected Credit Loss (CECL)Questions have arisen in practice regarding the presentation of current and noncurrent assets and liabilities of a discontinued operation in the statement of financial position.

FASB Launches Webpage on Implementing New StandardsThe FASB launched a new webpage titled “Implementing New Standards” that addresses how the FASB positions entities for a successful transition to new financial accounting and reporting guidance.

5 Questions to Ask When Selecting an External AuditorAn audit committee’s selection and evaluation of an external auditor rests on 5 key questions. Read through the questions.

Get Revenue Recognition Right: A Nonprofit Primer for Implementing Topic 606The clock is ticking on the effective date for implementing the new revenue recognition standard that will impact many nonprofits. Many nonprofits are unsure as to which revenue streams Topic 606 will apply, how to implement it, and when they should start to prepare. This article provides an overview of the new recognition standard, how it will impact nonprofit organizations and key steps to start the implementation process.

Helping Public Companies Stand Up to ScrutinyAn audit firm’s SEC qualifications do not come down to just how many SEC companies we serve. The complexity of client portfolios, and the experience that brings, are two keys to what makes an auditor top notch. Read our insights.

Comment: Grant Thornton Supports AICPA's Exposure DraftsGrant Thornton LLP has sent a comment letter supporting the AICPA’s development of a framework as described in its exposure drafts -- Disclosure Framework for the Valuation of Financial Instruments and the Certified in Valuation of Financial Instruments (“CVFI”) Credential and Application of the Disclosure Framework for the Valuation of Financial Instruments and the CVFI Credential. Download the letter to learn more.

IFRS 16 Lease Model: Ready Your Balance Sheets by Year-EndIf you are a finance director who works best when up against a deadline, your company will be in good shape to meet the first requirement of the IFRS 16 lease accounting standard. The deadline is coming right up. Read through our Q&A to help you understand what is required of your company.

FASB Issues Proposal to Reorganize the Consolidation GuidanceThe FASB has issued a proposed ASU, Consolidation (Topic 812)—Reorganization, to reorganize and clarify certain items within the existing consolidation guidance in ASC 810, Consolidation.

New Leasing Standard Puts Greater Pressure on Lease Identification for LesseesCompanies are faced with a threshold question when implementing the FASB’s new leasing standard: Which contracts are subject to the new lease accounting model? This question is particularly important for lessees, because operating lease accounting for lessees is changing dramatically.

Natural Disasters and Other Loss Events: Accounting and Financial Reporting ConsiderationsThe accounting for, and financial statement classification of, the impact of a major loss event, such as hurricanes, earthquakes, floods, or fires, can be complex and require an entity to make judgments, estimates, and disclosures that may be material to their financial statements.

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FASB Proposes Codification ImprovementsThe FASB issued a proposed ASU, Codification Improvements, stemming from consideration of suggested corrections and clarifications of the Codification.

SEC Proposes Amendments to Certain Regulation S-K DisclosuresSEC proposes amendments to modernize and simplify certain disclosures required by Regulation S-K.

Are You Ready for Rev Rec? Companies Under the Gun With New StandardBetween April 18 and June 13, 2017, Grant Thornton presented a five-part webcast series on the pending ASC 606 revenue recognition standard. Check out the participant poll results, which reveal that many organizations are struggling with the complexity of the new standard and are not yet prepared to implement it.

Navigate Guidance in ASC 606 and ASC 340-40 with New GuideGrant Thornton’s Accounting Principles Group has released a comprehensive guide on the new revenue standard, “Revenue from Contracts with Customers—Navigating the Guidance in ASC 606 and ASC 340-40.” Download our guide.

Data Analytics’ New Frontiers: Internal Audit Looks ForwardThe Internal Audit Foundation is partnering with Grant Thornton LLP on a survey series to assess how companies are using data analytics in their business activities. Our third and final survey results are in! View the results here.

FASB Proposes Amendments to Recently Issued StandardsThis report explores current reporting issues, including the timing of acquiree's ASC 606 adoption for consolidating reporting. Additional developments from the FASB, AICPA, SEC and more are provided

Webcasts

Lease Accounting: Gather Your Data Now and Understand Tax ImplicationsDecember 5, 2017To start the process of gathering lease data, especially in decentralized organizations, significant collaboration across departments will be critical in order to identify the full population of lease agreements. As organizations get started, they should be careful not to overlook the tax implications of the standard. Join our webcast to learn more.

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Lease Accounting: Top Items to Discuss With Your Auditors at Year-EndDecember 12, 2017As 2017 comes to a close, the focus for implementing new accounting standards will shift from revenue recognition to leases. With the effective date on the horizon, it will be a good time for organizations to ensure that they are on the same page with their auditors about the plan for compliance. Our webcast will:

• Review key differences between ASC 842 and ASC 840

• Analyze auditor considerations for the new lease accounting standard as 2017 closes

• Determine conversations to have with auditors regarding the leasing standard

ForwardThinking December 2017/January 2018 11

Tax services

Our knowledgeable, nimble tax professionals help organizations assess and manage federal, state, local and international tax complexities; deal with their business realities; and prepare for tomorrow. We help companies manage a wide range of domestic and global income and nonincome tax compliance burdens, as well as analyze and take advantage of appropriate planning opportunities.

Tax newsletter subscriptionsFuture Ready Business: Washington ImpactGrant Thornton and Bloomberg BNA provide a yearlong program series to help businesses understand and prepare for sweeping tax- and regulatory-policy changes.

Tax Hot Topics NewsletterSubscribe to our biweekly e-newsletter addressing a wide range of tax regulatory, legal and legislative issues.

State and Local Thinking NewsletterSubscribe to our monthly e-newsletter covering state and local tax developments.

Human Capital Bulletin NewsletterSubscribe to our monthly e-newsletter addressing recent legislative, regulatory and statutory compensation and benefits issues and other human capital matters.

There’s a Difference Between Restricted Stock and Restricted Stock UnitsRestricted stock and restricted stock units -- they are the same thing, right? This is one of the most common misconceptions about these equity vehicles. Actually, use of these two types of equity grants could lead to very different outcomes for both the grantor and recipient. This article outlines what you should be thinking about when considering granting restricted stock or restricted stock units for your organization.

Government Withdraws Proposed Net Value Requirement RegulationsThe Treasury Department recently published a notice of proposed rulemaking (REG-139633-08) announcing the withdrawal of proposed regulations that required an exchange of net value in certain nonrecognition transactions subject to Sections 351, 368, and 332. Learn why the proposed regulations were withdrawn.

IRS Publishes Guidance on Stock Distributions for Publicly Offered Real Estate Investment Trusts (REITs) and Regulated Investment Companies (RICs)On August 11, 2017 the IRS published a revenue procedure (Rev. Proc. 2017-45) providing a set of procedures that a publicly offered real estate investment trust or a publicly offered regulated investment company can follow to ensure that certain distributions of stock are respected as distributions of property. Learn about how to qualify and the scope of the guidance.

Helping Employees Affected by DisastersThe devastation caused by major disasters like Hurricanes Harvey and Irma creates personal and business challenges. This article offers suggestions for employers seeking ways to support their affected employees.

IRS Provides Filing and Payment Relief for Victims of Hurricanes Harvey and IrmaThe IRS has offered a package of administrative relief for taxpayers affected by Hurricanes Harvey and Irma. Read about the IRS postponing the deadlines for most income tax returns, income tax payments and other time-sensitive actions.

Thought leadership

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Proposed Regulations Issued on Registration-Required ObligationsThe IRS issued proposed regulations that provide guidance related to registration-required obligations that are registered in form. Read about how a registration-required obligation is defined, and how the classification of a registration-required obligation that is not in “registered form” may have significant tax implications under several code provisions.

6 Tax Issues CFOs Should Understand About FASB's New Lease Accounting StandardFASB’s new lease accounting standard is effective for public business entities for fiscal years beginning after December 15, 2018, and for most other entities for fiscal years beginning after December 15, 2019. Read about 6 key tax issues CFOs and tax leaders need to be aware of.

Treasury Report Details Next Steps for Controversial Guidance ProjectsThe Treasury Department on October 4, 2017 released a report to President Donald Trump on the future of eight controversial tax regulations promulgated by the government since January 1, 2016. The report, “Identifying and Reducing Tax Regulatory Burdens,” follows up on an initial Treasury report, Notice 2017-38, which identified the eight regulations as either imposing an undue burden on U.S. taxpayers or adding undue complexity to federal tax laws. Treasury determined that none of the eight regulations exceeded the statutory authority of the IRS. Read more about the Treasury report in Tax Flash.

Inducement Payments to Shareholders in Merger Are Not Intangibles, IRS RulesIn a recent private letter ruling, the IRS ruled that inducement payments by an investment adviser to shareholders of a target company in a merger are deductible under Section 162 and not required to be capitalized under Section 263. Read more about the ruling.

Large Business and International (LB&I) Offers New Safe Harbor for LB&I Taxpayer Research and Development (R&D) CreditsThe IRS LB&I division released a directive to its examiners (LB&I-04-0917-005) that effectively creates a new safe harbor method for large taxpayers to calculate certain qualifying research expenditures (QREs) based on financial statement information. Learn more about this directive.

SEC Clarifies CEO Pay Ratio Procedures in Dodd-FrankIn September 2017, the SEC, along with the Division of Corporate Finance, released new guidance for Item 402(u) of Regulation S-K, otherwise known as the “CEO pay ratio” disclosure. Read about how the guidance has clarified a number of outstanding questions.

Optimize Private Equity Tax Strategy via Self-ReflectionPrivate equity investors do not always view tax as a value creation driver. Read to learn about strategies to optimize the tax function to create value for the enterprise.

Tax Benefit Thresholds Rise With Inflation Adjustments Greater Than Last YearThe IRS has announced its annual cost-of-living and inflation adjustments for 2018, offering a bump that is proportionately greater than the modest rise from the year before. The contribution limit to 401(k) plans increased to $18,500 while the limit for IRAs remained unchanged at $5,500, among other changes. Get details in our Tax Flash.

Year-End Tax Guide 2017No year ever passes without bringing changes to federal and state tax codes. Tax professionals need to stay informed, especially when figuring their company’s fiscal year obligations. Grant Thornton’s new Year-End Tax Guide is the authoritative voice professionals need to guide their work.

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Webcasts

Lease Accounting: Gather Your Data Now and Understand Tax ImplicationsDecember 5, 2017To start the process of gathering lease data, especially in decentralized organizations, significant collaboration across departments will be critical in order to identify the full population of lease agreements. As organizations get started, they should be careful not to overlook the tax implications of the standard. Join our webcast to learn more.

Lease Accounting: Top Items to Discuss With Your Auditors at Year-EndDecember 12, 2017As 2017 comes to a close, the focus for implementing new accounting standards will shift from revenue recognition to leases. With the effective date on the horizon, it will be a good time for organizations to ensure that they are on the same page with their auditors about the plan for compliance. Our webcast will:

• Review key differences between ASC 842 and ASC 840

• Analyze auditor considerations for the new lease accounting standard as 2017 closes

• Determine conversations to have with auditors regarding the leasing standard

Tax Accounting Quarterly Update: December 2017December 19, 2017This webcast, part of on on-going quarterly series, covers developments and significant issues affecting financial statements, including accounting for income and non-income taxes. The program will focus on the financial reporting implications of these developments.

Significant State and Local Tax (SALT) Developments for 2017 and Predictions for 2018January 17, 2018This webcast features members of Grant Thornton's State and Local Tax practice who will discuss significant SALT developments, assess predictions made in 2017 and outline SALT trends expected in 2018.

Industries

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Asset management

Macroeconomic pressures, increased compliance burdens and continued regulatory uncertainty are transforming the asset management industry. For firms, advisers and fund managers that can adapt to the new industry structure and meet regulatory and investor expectations, there are promising opportunities — but also a new set of risks.

Ride the Fintech Adoption Tide at Your Own PaceDigital democratization, robotics and artificial intelligence have transformed entire industries over the last two decades. Fintech represents a long-term, systemic change in the industry. How do you plan for a steady pace of adoption of interrelated technologies? Revolutionary fintech change is just beginning. Read for more insights.

Thought leadership

Sponsorships and events

Private Equity International (PEI) CFOs and COOs Forum FY18January 24-25, 2018New York City, NYThe PEI CFOs and COOs forum brings together senior finance and operations executives from the world's foremost private equity and venture capital firms. Join us as we explore the taxation, regulatory and compliance issues that are pertinent to the private equity operations professionals.

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In this time of increased public scrutiny and complex regulatory demands, banks, thrifts and other financial institutions need straightforward business guidance, delivered ethically and professionally. The industry is experiencing sweeping new regulations, increased competition and technology disruption, forcing banks to continually re-evaluate their operating model to ensure sustainable growth.

Thought leadership

Ride the Fintech Adoption Tide at Your Own PaceDigital democratization, robotics and artificial intelligence have transformed entire industries over the last two decades. Fintech represents a long-term, systemic change in the industry. How do you plan for a steady pace of adoption of interrelated technologies? Revolutionary fintech change is just beginning. Read for more insights.

Banking and securities

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Energy

Demands for more secure sources of energy are a daily occurrence in the energy industry. Price volatility, political and economic pressures, risk management practices, availability of drilling rigs, and access to talent can greatly affect the way energy companies conduct business. The impact of these trends is forcing many companies to find more efficient ways of operating and controlling costs.

Thought leadership

Hart Energy/Oil & Gas Investor - Energy SurveyJanuary 2018Part one of our 2018 Energy Survey, done in conjunction with Oil and Gas Investor, highlights trends in investment based on input from energy executives.

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Thought leadership

Ride the Fintech Adoption Tide at Your Own PaceDigital democratization, robotics and artificial intelligence have transformed entire industries over the last two decades. Fintech represents a long-term, systemic change in the industry. How do you plan for a steady pace of adoption of interrelated technologies? Revolutionary fintech change is just beginning. Read for more insights.

The insurance industry has seen major changes over the past few decades. Stricter rules and regulations, faster globalization and consolidation, and sophisticated new technologies are putting pressure on insurers to make large investments in infrastructure while maintaining adequate capital.

Insurance

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Thought leadership

Making The Case for Supply Chain Optimization: Focus on Critical Success FactorsAutomating and optimizing your supply chain can help save money and facilitate growth. So what is holding back companies from implementing a supply chain optimization strategy? Read our article to learn how supply chain optimization benefits your business.

Today’s CFO Deals With a Dizzying Array of Tasks. Learn How One Manages It AllToday’s CFO is a multitalented multitasker. Learn how Kevin Manion, who has served as CFO for several major food and beverage manufacturers, manages the complex role of today’s CFO.

Manufacturer Boosts Workforce Numbers, Supplier-Customer CollaborationTech-savvy employees are increasingly needed in an evolving manufacturing industry. It is important to reach them early — even in junior high school and demonstrate careers that are rewarding and exciting. Grant Thornton's Jeff French, manufacturing practice leader, interviews Kelli Gregory, Dixie Chemical’s VP of procurement and business support.

U.S. manufacturing is experiencing a transformation, marked by trends such as advanced technologies and complex business models. Current issues affecting manufacturers include global, political and economic headwinds, industry contraction, cyberrisk, supply chain performance, and a changing regulatory environment. Today’s manufacturers are smarter, leaner and more nimble than ever, but they still have work to do to prepare for tomorrow.

Manufacturing

Manufacturing survey subscriptionMaximizing Your Supply ChainSubscribe to receive survey results and insight from C-suite manufacturing executives about the issues that affect management and strategies for optimizing today’s supply chains.

Innovate Your Supply Chain Process in 5 StepsFive steps can revitalize your manufacturing supply chain process. View the video from a recent National Association of Manufacturers 2017 conference in Houston.

Crisis or Renaissance? A Manufacturing Industry OutlookThe manufacturing industry is making a concerted effort to transition to a smarter, more efficient and more innovative future. Before it can do so, however, it must address several key challenges. Listen to this podcast to learn what lies ahead for the changing manufacturing industry.

Supply Chain Teams Set Cost Reduction Targets and MetricsGoal setting by teams and individuals can optimize a supply chain process, producing significant benefits in company cost efficiencies and customer value. Grant Thornton's Jeff French, manufacturing practice leader, interviews Gary Peterson, EVP of supply chain at global employee-recognition company O.C. Tanner.

Sponsorships and events

National Association of Wholesale Distributors (NAW) Fall Billion Dollar CFO RoundtableDecember 5-6, 2017Chicago, ILGrant Thornton sponsors the National Association of Wholesaler-Distributors Billion Dollar CFO Roundtable. NAW's exclusive Billion Dollar CFO Roundtable provides top leaders with intelligence and unique insights impacting the distribution industry.

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In this era of decreased funding and increased public and private scrutiny, nonprofits are in an especially vulnerable position as they work to sustain and grow their missions. Many are wrestling with issues such as corporate governance, the need for technology upgrades, strategic revenue enhancements or cost-reduction opportunities, strong accounting practices due to regulatory scrutiny, and more.

Not-for-profit

Not-for-profit subscriptionInsights for Not-for-Profit Organizations and Higher Education InstitutionsSubscribe to receive first access to our annual State of the Not-for-Profit Sector and State of Higher Education reports, articles, alerts, and webcasts and other events. We are committed to helping you stay up-to-date on current and emerging industry trends, developments and best practices.

Thought leadership

A 10-Step Social Media Plan to Engage Donors and VolunteersSocial media activity within not-for-profit organizations is moving ever faster, but intended results don’t always keep up. Disappointing outcomes are usually not due to a lack of posts and tweets, but to neglecting to apply thoughtful strategy to this evolving marketing channel. Read to learn about our 10-step social media plan for engaging donors and volunteers.

Get Revenue Recognition Right: A Nonprofit Primer for Implementing Topic 606The clock is ticking on the effective date for implementing the new revenue recognition standard that will impact many nonprofits. Many nonprofits are unsure as to which revenue streams Topic 606 will apply, how to implement it, and when they should start to prepare. This article provides an overview of the new recognition standard, how it will impact nonprofit organizations and key steps to start the implementation process.

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Private equity (PE) firms are operating in an increasingly uncertain environment. The competition is changing as industries transform and regulatory scrutiny increases. Against this backdrop, PE firms are challenged to find and balance buy- and sell-side opportunities while maintaining focus on growing sustainable value at their portfolio companies. They must manage talent, operations, risks and fiduciary responsibilities at the fund and portfolio levels.

Thought leadership

Optimize Private Equity Tax Strategy via Self-ReflectionPrivate equity investors do not always view tax as a value creation driver. Read to learn about strategies to optimize the tax function to create value for the enterprise.

Optimizing Technology for the Private Equity Life CycleJanuary 2018Adoption of enabling technology presents another opportunity for private equity executives to maximize their portfolio and gain efficiencies. This article provides tips on where to focus.

Private equity

Sponsorships and events

Private Equity International (PEI) CFOs and COOs Forum FY18January 24-25, 2018New York City, NYThe PEI CFOs and COOs forum brings together senior finance and operations executives from the world's foremost private equity and venture capital firms. Join us as we explore the taxation, regulatory and compliance issues that are pertinent to the private equity operations professionals.

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Thought leadership

The 2017 Federal CIO Survey - Transitions: Managing Federal IT in a Dynamic EnvironmentThe Federal Chief Information Officer (CIO) Survey, produced in partnership with Professional Services Council (PSC), is an annual publication based on interviews of CIOs, CISOs, and other senior government officials throughout the federal government to get an understanding of their concerns and priorities.

2017 State CIO Survey-A New Engine: Driving Innovation in State TechnologyThe State Chief Information Officer (CIO) Survey, produced in partnership with National Association of State Chief Information Officers (NASCIO) and Computing Technology Industry Association (CompTIA), is based on interviews of state government IT leaders to get an understanding of their priorities, current issues, trends and perspectives. Grant Thornton, along with the other survey sponsors, seeks to provide these state government IT leaders with an opportunity to voice their thoughts and opinions on matters of high importance.

Robert Shea Testimony Before House Oversight and Government Reform CommitteeThe following testimony was prepared by the Commission on Evidence-Based Policymaking for delivery by Robert Shea before the House Oversight and Government Reform Committee. The purpose of the hearing was to examine recommendations from the Commission on Evidence-Based Policymaking (CEP). Also to understand how Congress can improve access to data, protect privacy and confidentiality, and facilitate the creation of evidence-based policies.

Robert Shea Testifies Before Homeland Security and Governmental Affairs SubcommitteeThe following is the testimony of Robert Shea when he testified before the Homeland Security and Governmental Affairs Subcommittee. In his testimony, he shared his views on what it will take to successfully reorganize the Executive Branch of the Federal Government.

Government leaders today are continually required to do more with less. The need to effectively operate in an environment with tighter budgets and increasing demands for services is an ongoing challenge. Similar to other high-performing organizations, the government needs to improve performance and streamline operations and strategic decision-making.

Public sector

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Thought leadership

Technology Is Moving Retail to New PlacesToday’s real estate executives are seeking ways to optimize their businesses in a smart way. This article addresses how analytics can help real estate leaders attain their goals.

With the real estate industry rebounding, opportunities and challenges are plentiful. Regulators continue to work on changes to revenue recognition and lease accounting, and the Foreign Account Tax Compliance Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act are affecting the way real estate companies do business. At the same time, access to capital is limited, as many banks are unable or unwilling to lend due to their own financial challenges and new regulations.

Real estate

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Maximizing the Research and Development (R&D) Credit: Four Recent Changes for Tech Companies to ConsiderThe Credit for Increasing Research Activities can be a great opportunity for technology companies to reduce tax liability and fund future developments through reinvestment of tax savings. Learn how recent changes may allow taxpayers to finally claim the credit for research or increase the credit previously claimed.

Recent Cybersecurity Incidents a Wake-Up Call: Take Action with These Proactive StepsDespite an increasing number of data breaches, many organizations have yet to embrace privacy and security as core values. Now is not the time to point fingers but rather consider it a wake-up call to take proactive action. Read this article to learn more.

Thought leadership

The technology industry thrives on rapid and constant innovation. Cloud computing, social networks and mobile applications are only some of the new developments that are driving global, social and economic change. The proliferation of mobile devices and apps are two of the most visible contributions to worldwide interactivity and information-sharing. Growing competition and rapidly changing customer expectations are forcing many communications and media companies to continuously push the technology envelope.

Technology

Technology update subscriptionInsights for Technology CompaniesSubscribe to receive updates on current issues and legislation across many sectors of the technology industry, including: software/hardware, communications, digital media and more.

Issues

26 ForwardThinking December 2017/January 2018

Culture and talent

Transforming an organization’s culture at strategic moments, whether during an integration or implementation of a new long-term strategy or to simply stay competitive, can challenge even the most progressive organizations. Sustaining a strong culture requires work from everyone, but especially from senior leadership. By modeling and reinforcing the best possible behavior, employees will be better prepared to navigate uncertainty and support their organization’s mission.

Thought leadership

Manufacturer Boosts Workforce Numbers, Supplier-Customer CollaborationTech-savvy employees are increasingly needed in an evolving manufacturing industry. It is important to reach them early — even in junior high school and demonstrate careers that are rewarding and exciting. Grant Thornton's Jeff French, manufacturing practice leader, interviews Kelli Gregory, Dixie Chemical’s VP of procurement and business support.

Tax newsletter subscriptionHuman Capital Bulletin NewsletterSubscribe to our monthly e-newsletter addressing recent legislative, regulatory and statutory compensation and benefits issues and other human capital matters.

ForwardThinking December 2017/January 2018 27

Growth and value creation

Ninety percent of companies grow for one year, but only 8% can do it five years in a row. Why? Because sustained growth means new markets, new processes, new regulatory issues, and new ways of operating, all of which may introduce risk and delay success. For dynamic organizations to fully achieve their objectives, financial measures and process efficiencies, new ways of working and stakeholder relationships must grow.

Thought leadership

A Holistic Approach to M&A Allows Thoughtful and Strategic GrowthIt takes an upfront analysis of your own company as well as a comprehensive look at a target to be sure your growth strategy is aligned with what you would gain from an acquisition. Any growth strategy needs to be enterprise-wide. Read this article to find out more.

Making The Case for Supply Chain Optimization: Focus on Critical Success FactorsAutomating and optimizing your supply chain can help save money and facilitate growth. So what is holding back companies from implementing a supply chain optimization strategy? Read our article to learn how supply chain optimization benefits your business.

Today’s CFO Deals With a Dizzying Array of Tasks. Learn How One Manages It AllToday’s CFO is a multitalented multitasker. Learn how Kevin Manion, who has served as CFO for several major food and beverage manufacturers, manages the complex role of today’s CFO.

Innovate Your Supply Chain Process in 5 StepsFive steps can revitalize your manufacturing supply chain process. View the video from a recent National Association of Manufacturers 2017 conference in Houston.

Crisis or Renaissance? A Manufacturing Industry OutlookThe manufacturing industry is making a concerted effort to transition to a smarter, more efficient and more innovative future. Before it can do so, however, it must address several key challenges. Listen to this podcast to learn what lies ahead for the changing manufacturing industry.

M&A: Growth Driver in the Middle Market January 2018This research article and related content is produced in conjunction with the National Center for the Middle Market (NCMM) and explores M&A trends in the middle market and what businesses can do to realize value from M&A transactions.

National Center for the Middle Market (NCMM): Q4 Middle Market IndicatorJanuary 2018The quarterly report and content series gauges the sentiment of middle-market organizations.

National Association of Wholesale Distributors (NAW) Fall Billion Dollar CFO RoundtableDecember 5-6, 2017Chicago, ILGrant Thornton sponsors the National Association of Wholesaler-Distributors Billion Dollar CFO Roundtable. NAW's exclusive Billion Dollar CFO Roundtable provides top leaders with intelligence and unique insights impacting the distribution industry.

Private Equity International (PEI) CFOs and COOs Forum FY18January 24-25, 2018New York City, NYThe PEI CFOs and COOs forum brings together senior finance and operations executives from the world's foremost private equity and venture capital firms. Join us as we explore the taxation, regulatory and compliance issues that are pertinent to the private equity operations professionals.

Sponsorships and events

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Leveraging technology

Today’s organizations are working differently — they are facing global competition, changing customer and employee expectations, evolving regulation and more. The strategic application and use of technology can often help companies drive innovation and competitive advantage. Today’s technologies, including cloud, social media and the Internet of Things, can accelerate business performance and help companies gain visibility into their operations and derive actionable insights to efficiently achieve their objectives.

Thought leadership

2017 State CIO Survey-A New Engine: Driving Innovation in State TechnologyThe State Chief Information Officer (CIO) Survey, produced in partnership with National Association of State Chief Information Officers (NASCIO) and Computing Technology Industry Association (CompTIA), is based on interviews of state government IT leaders to get an understanding of their priorities, current issues, trends and perspectives. Grant Thornton, along with the other survey sponsors, seeks to provide these state government IT leaders with an opportunity to voice their thoughts and opinions on matters of high importance.

Technology Is Moving Retail to New PlacesToday’s real estate executives are seeking ways to optimize their businesses in a smart way. This article addresses how analytics can help real estate leaders attain their goals.

Optimizing Technology for the Private Equity Life CycleJanuary 2018Adoption of enabling technology presents another opportunity for private equity executives to maximize their portfolio and gain efficiencies. This article provides tips on where to focus.

Ride the Fintech Adoption Tide at Your Own PaceDigital democratization, robotics and artificial intelligence have transformed entire industries over the last two decades. Fintech represents a long-term, systemic change in the industry. How do you plan for a steady pace of adoption of interrelated technologies? Revolutionary fintech change is just beginning. Read for more insights.

A 10-Step Social Media Plan to Engage Donors and VolunteersSocial media activity within not-for-profit organizations is moving ever faster, but intended results don’t always keep up. Disappointing outcomes are usually not due to a lack of posts and tweets, but to neglecting to apply thoughtful strategy to this evolving marketing channel. Read to learn about our 10-step social media plan for engaging donors and volunteers.

Are You Ready to Put Analytics in the Driver’s Seat? Go Beyond What You’re Doing Today December 7, 2017The Institute of Internal Auditors’ (IIA) Internal Audit Foundation partnered with Grant Thornton LLP on a survey series to assess how companies are using data analytics in their business activities. Attend this webcast to learn about the findings and trends.

Webcasts

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Risk management

In today’s ever-changing business environment of market complexity, globalization and increasing investor expectations, managing risk while protecting value is more important than ever. Companies understand the need to be more proactive in managing their risk to mitigate losses, reduce the risk of reputational damage and more. Leading organizations will find ways to harness risk to help grow their business and achieve exceptional performance.

Thought leadership

New Lease Accounting: Mitigate Risks, Tap OpportunitiesThe new leasing standard — ASC 842, Leases — is still at least 18 months out for all adopting companies. Yet, it is starting to gain a lot of attention. There are many new software solutions on the market claiming to help with the implementation of the new standard. These software solutions promise to solve your company’s issues relating to the implementation of the new standard, from calculating balance sheet assets and liabilities, to providing journal entries and controlling changes in the lease status. This new article from Grant Thornton helps companies understand the importance of mitigating data risks and calculating ROI on data opportunities.

Data Analytics’ New Frontiers: Internal Audit Looks ForwardThe Internal Audit Foundation is partnering with Grant Thornton LLP in a survey series to assess how companies are using data analytics in their business activities. Our third and final survey results are in! View the results here.

Recent Cybersecurity Incidents a Wake-Up Call: Take Action with These Proactive StepsDespite an increasing number of data breaches, many organizations have yet to embrace privacy and security as core values. Now is not the time to point fingers but rather consider it a wake-up call to take proactive action. Read this article to learn more.

FASB Standard to Amend Hedge Accounting GuidanceOn August 28, 2017 the Board issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, which is intended to improve how the economic results of an entity’s risk management activities are portrayed in the financial statements for hedging relationships, and to simplify the application of the current hedge accounting guidance.

Details on FASB’s New Hedge Accounting GuidanceThe FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, to improve how the economic results of an entity’s risk management activities are reported in the financial statements for hedging relationships.

Ride the Fintech Adoption Tide at Your Own PaceDigital democratization, robotics and artificial intelligence have transformed entire industries over the last two decades. Fintech represents a long-term, systemic change in the industry. How do you plan for a steady pace of adoption of interrelated technologies? Revolutionary fintech change is just beginning. Read for more insights.

2017 State CIO Survey-A New Engine: Driving Innovation in State TechnologyThe State Chief Information Officer (CIO) Survey, produced in partnership with National Association of State Chief Information Officers (NASCIO) and Computing Technology Industry Association (CompTIA), is based on interviews of state government IT leaders to get an understanding of their priorities, current issues, trends and perspectives. Grant Thornton, along with the other survey sponsors, seek to provide these state government IT leaders with an opportunity to voice their thoughts and opinions on matters of high importance.

30 ForwardThinking December 2017/January 2018

General Data Protection Regulation (GDPR) Readiness SummitDecember 4-5, 2017 Chicago, ILThe EU General Data Protection Regulation (GDPR) deadline is approaching. You may think you are immune from its impact, but if you do business with customers in the EU, think again. It is time to rethink your organizational processes around compliance. The GDPR Readiness Summit, organized by Compliance Week, will cover areas on how businesses will be expected to operate when they gather, process, maintain and protect customer data.

Sponsorships and events

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Washington impact

Only time will tell what the Trump administration really means for business. Many companies are patiently waiting to see how his policies will affect their industry — from trade to tax reform, health care and more. Although there’s uncertainty surrounding the administration’s policy agenda, business leaders are anticipating his policies with both curiosity and cautious optimism. Learn how to get prepared.

Thought leadership

Treasury Report Details Next Steps for Controversial Guidance ProjectsThe Treasury Department on October 4, 2017 released a report to President Donald Trump on the future of eight controversial tax regulations promulgated by the government since January 1, 2016. The report, “Identifying and Reducing Tax Regulatory Burdens,” follows up on an initial Treasury report, Notice 2017-38, which identified the eight regulations as either imposing an undue burden on U.S. taxpayers or adding undue complexity to federal tax laws. Treasury determined that none of the eight regulations exceeded the statutory authority of the IRS. Read more about the Treasury report in Tax Flash.

Future Ready Business: Washington Impact subscriptionGrant Thornton and Bloomberg BNA provide a yearlong program series to help businesses understand and prepare for sweeping tax- and regulatory-policy changes.

32 ForwardThinking December 2017/January 2018

Webcast CPE information

To be eligible for continuing professional education (CPE) credits for webcasts, you must:

• View the original live webcast. CPE credit is not available for viewing archived programs.

• Upon conclusion of the program, complete the final survey and your certificate will be available to print. Pop-up blockers must be off before the start of the webcast in order for the survey and certificate to appear.

• Eligibility requirements for all webcasts are as follows:

Note: You must meet both the viewing time and monitoring response requirements in order to receive CPE credit. Important notes

• Participants will have the opportunity to download their CPE certificate immediately following the webcast. You will receive a follow-up email one hour after the webcast, which will provide a link to log in and print a certificate if you met the minimum CPE requirements.

• CPE credit for Grant Thornton professionals will be reflected in your learning reports, usually within 30 days.

• We are unable to grant CPE credit in cases where technical difficulties preclude eligibility. CPE program sponsorship guidelines prohibit us from issuing credit to those not verified by the technology to have satisfied the minimum requirements listed above. For best viewing results, Grant Thornton LLP recommends you connect to the webcast using a hard line (no Wi-Fi, smartphones, cell phones, etc.).

Prerequisite education/experience and advance preparationPrerequisite education/experience is not required if the program level is basic or overview. For intermediate, advanced and update program knowledge levels, prerequisites are required as these programs inherently build upon previous education or experience.

Complaint resolution informationTo register complaints about course content or delivery method and to inquire about the timeliness and accuracy of CPE credit posting for this event, contact our support team at cpeevents@us.gt.com. CPE sponsor statementGrant Thornton LLP 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. NASBA National Registry of CPE Sponsors – Sponsor Number 108891 New Jersey Sponsor Number 20CE00043700New York Sponsor Number 001817 Texas Sponsor Number 000259

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits are granted based on a 50-minute hour. In order to meet state boards of accountancy CPE sponsorship requirements, CPE credits are granted based on a response rate of 75% or greater. Refund policyThere is no cost for Grant Thornton Thinking webcasts, nor is there a cancellation penalty. Contact usFor any questions on continuing professional education, email cpeevents@us.gt.com or call +1 630 396 5831.

Length of webcast (minutes) Viewing time (minutes) Monitoring response required Credits received

60 minimum 50 75% or greater 1

90 minimum 75 75% or greater 1.5

120 minimum 100 75% or greater 2

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GT.COM

“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL), and/or refers to the brand under which the GTIL member firms provide audit, tax and advisory services to their clients, as the context requires. GTIL and each of its member firms are separate legal entities and are not a worldwide partnership. GTIL does not provide services to clients. Services are delivered by the member firms in their respective countries. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. In the United States, visit grantthornton.com for details.

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