DOUBLETREE BY HILTON-DOWNTOWN, TULSA, OKFeaturing national experts in accounting

addressing current issues.

12TH ANNUAL OIL AND GAS ACCOUNTING CONFERENCE Thursday, November 17, 2016 / noon - 5 p.m.

16TH ANNUAL ACCOUNTING AND FINANCIAL REPORTING CONFERENCE Friday, November 18, 2016 / 8 a.m. - 5 p.m.

Earn 5.5 hours of CPE credit for attending the Oil and Gas Accounting Conference.

Earn 8 hours of CPE credit including 2 hours of ethics for attending the Accounting and Financial Reporting Conference.

OKLAHOMA STATE UNIVERSITY

TULSA, OK

12TH ANNUAL OIL AND GAS ACCOUNTING CONFERENCE AGENDA

JOIN US...

Earn 5.5 hours of CPE credit.

Thursday, November 17, 2016

12:00 p.m. Welcome Robert Cornell, Ph.D., Head and Wilton T. Anderson Chair, Associate Professor of Accounting, School of Accounting, Oklahoma State University

Charlotte J. Wright, Ph.D., Regents Professor and Anadarko Petroleum Chair, School of Accounting, Oklahoma State University

12:05 p.m. Oil and Gas Restructuring: A View on Current Macro Trends and Expectations for the Future

The focus of this session will be on the current distress in the oil and gas industry. Key issues covered will include bankruptcy activity and observations on the capital markets. Industry expectations and trends when looking toward the future will also be discussed.

Ryan Bouley, Managing Director, Restructuring Practice, Opportune, Houston, TX

12:50 p.m. SEC Current Issues This session will cover current accounting and regulatory topics that face the oil and gas

industry. These issues will include topics relating to oil and gas financial reporting, FASB oversight and current regulatory and enforcement issues.

Jonathan Duersch, Associate Chief Accountant, Office of the Chief Accountant, U.S. Securities & Exchange Commission, Washington, D.C.

1:40 p.m. Industry Tax and Financial Issues: Washington Update This session brings an overview from Washington D.C. of the tax and financial issues currently

facing the oil and gas industry. It will examine industry trends and how to best move forward in 2017.

Stephen Comstock, Director, Tax and Accounting Policy, American Petroleum Institute, Washington, D.C.

2:30 p.m. Break

3:00 p.m. Now or Never – How Energy CEOs are Adapting in the Downturn This session will discuss a survey conducted by KPMG on energy senior executives views of the

industry, the current commodity price cycles, and how they plan to adapt and transform during this period of great change. It will also examine KPMG’s own views on trends in the marketplace and how those trends will impact the industry going forward.

Regina Mayor, Principal, U.S. Sector Leader for Energy, Natural Resources and Chemicals, KPMG LLP, Houston, TX

3:45 p.m. Impacts of the New Lease and Revenue Standards This session will cover the impacts of the new lease standard (ASC 842) and the new revenue

standard (ASC 606) on oil and gas producing companies. Kenneth Miller, Partner, PricewaterhouseCoopers, Florham Park, NJ

The Oklahoma State University School of Accounting is pleased to present these conferences to the business and accounting professionals in Oklahoma and the surrounding region. Discuss and explore the current issues in accounting with nationally recognized experts, standard setters, FASB, PCAOB and SEC officials, corporate financial executives, CPAs, and academics. These conferences have been specially designed to offer topics relevant to corporate financial officers, executives in financial institutions, owners/managers of companies, CPAs, financial analysts, attorneys and others interested in SEC, FASB, financial reporting, and oil and gas accounting issues.

16TH ANNUAL ACCOUNTING AND FINANCIAL REPORTING CONFERENCE AGENDAEarn 8 hours of CPE credit including 2 hours of ethics.

Friday, November 18, 2016

7:55 a.m. Welcome Robert Cornell, Ph.D., Head and Wilton T. Anderson Chair, Associate Professor of Accounting, School of Accounting, Oklahoma State University

Charlotte J. Wright, Ph.D., Regents Professor and Anadarko Petroleum Chair, School of Accounting, Oklahoma State University

Conference Moderator: Lynley Fox, Assurance Services, EY, Tulsa, Ok

8:00 a.m. Evolving Impact of Cybersecurity on Audits The impact of cybersecurity on audits is continually evolving and expanding. This ongoing

impact on audits will be explored in addition to discussing the marketplace’s response to growing cybersecurity risks.

Bill Odom, Senior Manager, Forensic Technology and Discovery Services, Cybercrime, EY, Houston, TX

8:50 a.m. The Importance of Internal Controls and Professional Skepticism Professional standards, professional skepticism and strategically placed controls are

paramount to helping mitigate fraud risk. This session will discuss what happens if these controls are missing and which controls are linked with fraud losses. It will explore the gray areas of fraud and examine a case study of potential fraud.

Todd Burchett, Partner, Forensics and Valuation Services, BKD LLP, San Antonio, TX

9:40 a.m. Moderated Discussion/Questions and Answers Moderator: Paige Walker, Associate, US Assurance, PricewaterhouseCoopers, Tulsa, OK

Panelists: Bill Odom, Senior Manager, Forensic Technology and Discovery Services, Cybercrime, EY, Houston, TX

Todd Burchett, Partner, Forensics and Valuation Services, BKD LLP, San Antonio, TX

10:00 a.m. Break

10:30 a.m. Background and Summary of the FASB’s ASU on Financial Instruments – Credit Losses The FASB’s new standard covering credit losses on financial instruments (Topic 326) was

issued in June 2016. This session will provide a background of the new standard, a summary of the key changes, and the conceptual reasoning for the forthcoming accounting guidance.

Jack Pohlman, Audit Partner, Department of Professional Practice, KPMG LLP, San Francisco, CA

4:30 p.m. Moderated Discussion/Questions and Answers Moderator: Whitney Fellers, Senior Income Tax Accountant, Love’s Travel Stops, Oklahoma City, OK

Panelists: Ryan Bouley, Managing Director, Restructuring Practice, Opportune, Houston, TX

Jonathan Duersch, Associate Chief Accountant, Office of the Chief Accountant, U.S. Securities & Exchange Commission, Washington, D.C.

Stephen Comstock, Director, Tax and Accounting Policy, American Petroleum Institute, Washington, D.C.

Regina Mayor, Principal, U.S. Sector Leader for Energy, Natural Resources and Chemicals, KPMG LLP, Houston, TX

Kenneth Miller, Partner, PricewaterhouseCoopers, Florham Park, NJ

4:50 p.m. Summary & Wrap Up

5:00 p.m. Happy Hour Reception presented by Opportune

1:30 p.m. FASB Update This session will discuss FASB’s technical activities and the outlook for accounting standards in

the U.S. Special focus will be on the highlights of recently issued accounting standards updates as well as the status of certain technical projects.

Daryl Buck, Board Member, Financial Accounting Standards Board, Norwalk, CT

2:30 p.m. Break

3:00 p.m. An Update on PCAOB Activities This session will provide an update on the current activities and findings at the PCAOB. John Fiebig, Deputy Director, PCAOB, Dallas, TX

3:40 p.m. Current SEC Reporting Issues The SEC Division of Corporate Finance is on the cutting edge of emerging practice-related

issues and provides front-line support for the SEC. This session will provide an overview of the Commission’s comment letter process and discuss the latest “hot topics” addressed by SEC staff.

Melissa N. Rocha, Senior Assistant Chief Accountant, Division of Corporation Finance, U.S. Securities and Exchange Commission, Washington, D.C.

4:20 p.m. Moderated Discussion/Questions and Answers Moderator: Kylie Roper Mayes, Senior Associate, Assurance Services, EY, Oklahoma City, OK

Panelists: Jack Pohlman, Audit Partner, Department of Professional Practice, KPMG LLP, San Francisco, CA

Kenneth Miller, Partner, PricewaterhouseCoopers, Florham Park, NJ

Daryl Buck, Board Member, Financial Accounting Standards Board, Norwalk, CT

John Fiebig, Deputy Director, PCAOB, Dallas, TX

Melissa N. Rocha, Senior Assistant Chief Accountant, Division of Corporation Finance, U.S. Securities and Exchange Commission, Washington, D.C.

4:55 p.m. Summary & Wrap Up

11:10 a.m. What Every CPA Should Know about Accounting for Foreign Currency This session will serve as a primer on Foreign Currency Matters (ASC 830). While the

accounting standard for foreign currency is very old (a.k.a. FAS 52 issued in 1981), GAAP related to foreign currency matters is greatly misunderstood even as the commercial impact of foreign exchange is greatly increasing.

Kenneth Miller, Partner, PricewaterhouseCoopers, Florham Park, NJ

11:50 a.m. Lunch

12:50 p.m. Applying Systems Thinking to Diversity and Inclusion Many companies are pursuing “Diversity and Inclusion” in an attempt to improve their bottom

line. This presentation will look at examples of diversity in various systems and its impact. It will also look at how technology and human nature make achieving a true “diversity of thought” difficult to achieve. Finally, it will explore what can be done to continue making companies more resilient in the face of ever-changing environments.

Clifton Gray, Manager, Application Architecture, ONEOK Inc., Tulsa, OK

12TH ANNUAL OIL AND GAS ACCOUNTING CONFERENCEThursday, November 17, 2016Listed in order of presentations.

SESSION SPEAKERS

Ryan Bouley Managing Director, Restructuring Practice, Opportune, Houston, TX

Ryan Bouley is a managing director in the restructuring practice at Opportune. He focuses on financial and operational restructuring. Ryan has advised debtors, creditors, and equity holders on restructurings and special situations—both in and out of court—across the energy spectrum and in other related industries, and has been involved with numerous oil and gas restructurings.

JONATHAN DUERSCH Associate Chief Accountant, Office of the Chief Accountant, U.S. Securities and Exchange Commission, Washington, D.C.

Jonathan Duersch is an associate chief accountant in the office of the chief accountant at the U.S. Securities and Exchange Commission. Jonathan leads consultation requests from public and private companies on current novel and complex accounting issues related to debt equity transactions, consolidations, derivatives, long-lived assets, and oil and gas accounting matters. He is involved with assessing the accounting implications of regulatory rule-making projects undertaken by the Commission specifically related to the oil and gas industry and has led SEC oversight of specific FASB’s standard setting projects.

STEPHEN COMSTOCK

Director, Tax and Accounting Policy, American Petroleum Institute, Washington, D.C.

Stephen Comstock is the director of tax and accounting policy for the American Petroleum Institute. His responsibilities include coordination and managing issues impacting the industry arising from federal, state income, excise and indirect taxes. In addition, he has responsibilities for developing and working API’s policy on accounting and cyber issues. Prior to joining API, Stephen was a tax attorney with ExxonMobil in the tax department and provided planning advice for various projects in upstream, downstream and chemical operations.

REGINA MAYOR Principal, U.S. Sector Leader for Energy, Natural Resources and Chemicals, KPMG LLP, Houston, TX

Regina Mayor is the national sector leader for energy, natural resources and chemicals, and the Americas’ oil and gas leader at KPMG. In both capacities, she helps determine the firm’s strategy to better serve the industry, as well as to optimize the delivery of its services nationally. She also serves as the global lead partner for several of KPMG’s relationships with key energy clients. Regina has more than 25 years of experience delivering large-scale business and technology changes to major oil companies around the world and also provides advisory services across the entire oil and gas value chain from wellhead to retail.

KENNETH MILLER Partner, PricewaterhouseCoopers, Florham Park, NJ

Kenneth Miller is a partner for PricewaterhouseCoopers national accounting services group. His focus is the energy industry and specifically on issues related to business combinations, impairment of long-lived assets, commodity based derivatives, foreign currency, and the statement of cash flows. Kenneth has 31 years of experience in public accounting with a specialization in serving public energy clients.

WHITNEY FELLERS Senior Income Tax Accountant, Love’s Travel Stops, Oklahoma City, OK

Whitney Fellers is a senior income tax accountant for Love’s Travel Stops. In her current role, she prepares tax returns, and researches and helps plan tax strategies for the companies, individuals and trust returns under the Love’s family of companies.

Friday, November 18, 2016

16TH ANNUAL ACCOUNTING AND FINANCIAL REPORTING CONFERENCE

Bill Odom

Senior Manager, Forensic Technology and Discovery Services, Cybercrime, EY, Houston, TX

Bill Odom is a senior manager in the forensic technology and discovery services practice at EY. He has more than 17 years of experience in computer forensics, intrusion investigations, electronic discovery, and expert testimony. Bill began his career as a special agent with the FBI where he was involved with and investigated computer intrusions, computer intrusion countermeasures, computer security matters, and national intelligence and counterintelligence matters.

Todd Burchett

Partner, Forensics and Valuation Services, BKD LLP, San Antonio, TX

Todd Burchett is a partner of the forensics and valuations services division at BKD. He leads its Texas practice by providing business valuation, forensic accounting, investigation, and bankruptcy and litigation support services. He has more than 25 years of experience providing client solutions in consulting, accounting, and tax matters. In addition to being a CPA, Todd is Accredited in Business Valuation (ABV), an Accredited Senior Appraiser (ASA), Certified in Financial Forensics (CFF), and a Certified Fraud Examiner (CFE).

Paige Walker

Associate, US Assurance, PricewaterhouseCoopers, Tulsa, OK

Paige Walker is an experienced associate for PricewaterhouseCoopers - Tulsa in the assurance practice where she is focused on the energy sector.

Jack Pohlman

Audit Partner, Department of Professional Practice, KPMG LLP, San Francisco, CA

Jack Pohlman is an audit partner for KPMG in the department of professional practice. He provides audit services to several SEC registrants in accordance with PCAOB requirements. Jack recently completed a two-year assignment as a practice fellow at the Financial Accounting Standards Board, where he was the project manager on the financial instruments project for credit losses. He has more than 14 years of experience that is primarily focused in the banking and financial services.

Clifton Gray

Manager, Application Architecture, ONEOK Inc., Tulsa, OK

Clifton Gray is the manager of application architecture at ONEOK in Tulsa. He has been in the energy industry for the last decade. Clifton’s areas of interest include complex systems, human factors in technology, and user experience design. He is also involved in coordinating IT college recruiting efforts at area universities. Clifton enjoys speaking on a variety of topics and this will be his fifth year to present at the Accounting and Financial Reporting Conference.

Kenneth Miller Partner, PricewaterhouseCoopers, Florham Park, NJ

See previous page for bio and photo.

Lynley Fox

Assurance Services, EY, Tulsa, OK

Lynley Fox is an assurance staff member in the EY Tulsa office. She spent the last year as a researcher in the EY national assurance office in New York. In her current role, she works on an oil and gas client and a not-for-profit entity.

John Fiebig

Deputy Director, PCAOB, Dallas, TX

John Fiebig is a deputy director in the division of registration and inspections for the Public Company Accounting Oversight Board and is the leader for the Global Network Firm Program. In this role, he is responsible for overseeing the inspections of the six largest domestic registered accounting firms and their non-U.S. affiliates. John has been both the global team leader and U.S. team leader for the inspections of one of the Big 4 firms. In 2016, John was inducted into the Oklahoma State University School of Accounting Wilton T. Anderson Hall of Fame.

Melissa N. Rocha

Senior Assistant Chief Accountant, Division of Corporation Finance, U.S. Securities and Exchange Commission, Washington, D.C.

Melissa Rocha is a senior assistant chief accountant in the office of construction and manufacturing within the division of corporation finance at the SEC. Prior to her current role, Melissa worked in various industry groups within the division including healthcare and insurance, beverages, apparel and mining, and computers and online services. Before joining the Commission in 2000, she worked as an SEC reporting manager for a publicly traded hotel owner and operator.

Daryl Buck

Board Member, Financial Accounting Standards Board, Norwalk, CT

Daryl Buck was named to the Financial Accounting Standards Board (FASB) by the Financial Accounting Foundation (FAF) effective February 28, 2011. Prior to joining the Board, he spent 18 years as senior vice president and chief financial officer of Reasor’s Holding Company, an employee owned retail grocery company. Daryl is a former member of the board of directors of Financial Executives International (FEI) and in 2010 he was named chairman of FEI’s committee on private company standards.

Kylie Roper Mayes

Senior Associate, Assurance Services, EY, Oklahoma City, OK

Kylie Roper Mayes is a senior associate for EY - Oklahoma City in the assurance practice where she is primarily focused on the utilities, retail and oilfield services sectors.

OKLAHOMA STATE UNIVERSITY SPEARS SCHOOL OF BUSINESS FACULTY SCHOOL OF ACCOUNTING

Robert Cornell, Ph.D., Head and Wilton T. Anderson Chair in Accounting, School of Accounting, Oklahoma State University

Charlotte Wright, Ph.D., Professor and Anadarko Petroleum Chair in Accounting, School of Accounting, Oklahoma State University

For information about sponsorship opportunities, please contact:spears.okstate.edu/acctconf or email krysta.l.gilbert@okstate.edu

Sponsorship OpportunitiesGold Sponsor for Oil and Gas Accounting Conference: $2,500Includes 4 registrations to the Oil and Gas Accounting Conference, company recognized at conference, an exhibit booth at the conference (optional), and recognition in conference promotion and materials. Please make check payable to OSU Foundation.

Gold Sponsor for Accounting and Financial Reporting Conference: $5,000Includes 8 registrations to the Accounting and Financial Reporting Conference, company recognized at conference, an exhibit booth at the conference (optional), and recognition in conference promotion and materials. Please make check payable to OSU Foundation.

Silver Sponsor for Accounting and Financial Reporting Conference: $2,500Includes 4 registrations to the Accounting and Financial Reporting Conference, company recognized at conference, an exhibit booth at the conference (optional), and recognition in conference promotion and materials. Please make check payable to OSU Foundation.

Conference LocationDoubleTree by Hilton - Downtown Tulsa Hotel, 616 W. 7th St., Tulsa OK, 918-732-3614A limited block of rooms is available at the hotel at a special conference rate.Visit group.doubletree.com/SpearsSchoolBusiness to receive this rate.

The Oklahoma State University School of Accounting is dedicated to providing excellence in accounting education by providing the highest quality instruction and curriculum in its degree programs. As part of a land-grant university we are committed to providing relevant continuing education and professional outreach activities that meet the needs of accounting and business professionals in the state and region.

The School of Accounting offers a Bachelor of Science in Business Administration with a major in Accounting, a Master of Science in Accounting, and a Ph.D. program in Accounting. Our top tier faculty equip the students with the tools needed for a successful career in accounting while also teaching them how to be wise stewards who contribute to our state and country.

Student programs in the School of Accounting include:

Beta Alpha Psi (BAP) – BAP was founded to recognize outstanding academic achievement in the accounting area, to promote the study and practices of accounting, and to encourage a sense of ethical, social, and public responsibility. The Chi Chapter at OSU has been recognized as a Superior Chapter and its students excel in the areas of academics, professionalism, and leadership. It has been named the OSU Campus-Wide Outstanding Student Service Organization five times.

School of Accounting Collaborative for Academic Excellence (ACE) – ACE provides academic support to all of the students enrolled in classes offered by the School of Accounting and is staffed by some of the top students in the accounting program. It offers students a place to study, receive directed help, and further discuss and examine their coursework among their peers.

REGISTRATION

Register online atspears.okstate.edu/acctconf

PAYMENT INFORMATION � A check payable to Oklahoma State University (registrations and hard copy materials) and/or the OSU

Foundation (sponsorships) is enclosed for the amount of $____________________ Mail registration form and check to: OSU Center for Executive and Professional Development 215 Business Building, Stillwater, OK 74078-4011

� If paying by credit card, please fax registration form to 405-744-6143 or call 1-866-678-3933. Charge $____________________ to my Visa MasterCard Card Number ____________________________________________ Expiration Date ________________ Billing Zip ____________________________________________ CVV Number________________

INDIVIDUAL LEVEL (Please make checks payable to OSU)

� Yes! Please Register me for the 12TH ANNUAL OIL AND GAS ACCOUNTING CONFERENCE (fee includes refreshments) $185 per person, if also attending the Accounting and Financial Reporting Conference $205 per person, if only attending the Oil and Gas Accounting Conference

� Yes! Please Register me for the 16TH ANNUAL ACCOUNTING AND FINANCIAL REPORTING CONFERENCE (fee includes refreshments and lunch) $325 per person, if registered by November 4, 2016 $345 per person, if registered after November 4, 2016

Group Discount: For 10 or more people in the same company, the fee is $300 per person.

CONFERENCE MATERIALS (Please make checks payable to OSU)

The conference fee includes the materials in electronic format. If you would prefer a hard copy of conference materials in a binder, please order below for an additional fee.

Yes! I would like a binder of conference materials.

$10 additional fee for Oil and Gas Accounting Conference materials on November 17

$15 additional fee for Accounting and Financial Reporting Conference materials on November 18

SPONSORSHIPS (Please make checks payable to OSU Foundation)

See previous page for more information

� Yes! I wish to be a Gold Sponsor of the Oil and Gas Accounting Conference. $2,500

� Yes! I wish to be a Gold Sponsor of the Accounting and Financial Reporting Conference. $5,000

� Yes! I wish to be a Silver Sponsor of the Accounting and Financial Reporting Conference. $2,500

BOOTH � Yes! I wish to be an Exhibit Booth Sponsor. (Please contact Krysta Gilbert at 1-866-678-

3933 or by email at krysta.l.gilbert@okstate.edu) Please make Exhibit Booth Sponsor checks payable to Oklahoma State University.

NAME TITLE

COMPANY/AFFILIATION

ADDRESS CITY/STATE/ZIP

OFFICE PHONE EMAIL

12TH ANNUAL OIL AND GAS ACCOUNTING CONFERENCE

16TH ANNUAL ACCOUNTING AND FINANCIAL REPORTING CONFERENCE

THANK YOU TO OUR SPONSORS

SILVER SPONSOR SILVER SPONSOR

SILVER SPONSOR SILVER SPONSOR

GOLD SPONSOR

GOLD SPONSOR

GOLD SPONSORGOLD SPONSOR

GOLD SPONSOR

GOLD SPONSOR

GOLD SPONSOR

GOLD SPONSOR

SILVER SPONSOR

GOLD SPONSORGOLD SPONSOR

These conferences and the proceeds from it directly benefit the most important people in the School of Accounting—the students. These funds support School of Accounting scholarships, travel to regional and national meetings and other academic needs.

SILVER SPONSOR

Opportune LLP is a leading international energy consulting firm specializing in assisting clients across the energy industry.

WWW. OPPORTUNE.COM

PLATINUM SPONSOR OF OSU’S ACCOUNTING CONFERENCES

OKLAHOMA STATE UNIVERSITY CENTER FOR EXECUTIVE AND PROFESSIONAL DEVELOPMENT215 BUSINESS BUILDINGSTILLWATER, OKLAHOMA 74078-4011 USA

12TH ANNUAL OIL AND GAS ACCOUNTING CONFERENCE Thursday, November 17, 2016

16TH ANNUAL ACCOUNTING AND FINANCIAL REPORTING CONFERENCE Friday, November 18, 2016

November 17 & 18, 2016 • DoubleTree by Hilton-Downtown, Tulsa, OKAttend both and earn 13.5 hours of CPE credit, including 2 hours of ethics.

Earn 5.5 hours of CPE credit

Earn 8 hours of CPE credit including 2 hours of ethics

PLATINUM SPONSOR

GOLD SPONSOR

GOLD SPONSORSILVER SPONSOR

SILVER SPONSOR SILVER SPONSOR SILVER SPONSOR SILVER SPONSOR

GOLD SPONSOR

Oklahoma State University, in compliance with Title VI and VII of the Civil Rights Act of 1964, Executive Order 11246 as amended, Title IX of the Education Amendments of 1972, Americans with Disabilities Act of 1990, and other federal laws and regulations, does not discriminate on the basis of race, color, national origin, sex, age, religion, disability, or status as a veteran in any of its policies, practices or procedures. This includes but is not limited to admissions, employment, financial aid, and educational services. Title IX of the Education Amendments and Oklahoma State University policy prohibit discrimination in the provision of services or benefits offered by the University based on gender. Any person (student, faculty or staff) who believes that discriminatory practices have been engaged in based upon gender may discuss their concerns and file informal or formal complaints of possible violations of Title IX with the OSU Title IX Coordinator, Mackenzie Wilfong, J.D., Director of Affirmative Action, 408 Whitehurst, Oklahoma State University, Stillwater, OK 74078, (405) 744-5371 or (405) 744-5576 (fax). This publication, Job# 4980, issued by Oklahoma State University as authorized by the Spears School of Business, was printed by University Printing, 4,000 copies at a cost of $1,948 / 9/16

GOLD SPONSOR GOLD SPONSORGOLD SPONSOR GOLD SPONSOR

GOLD SPONSORGOLD SPONSORGOLD SPONSOR

PLATINUM SPONSOR

SILVER SPONSOR