January 2003

Disclosure Issues for High-Tech Companies

By Bruce H. Nearon

Are you interested in high-tech companies? Do you work for one, or invest in them? Perhaps your clients are high-tech companies or work closely with them. Whatever the case may be, if you have any affiliation with high-tech companies, you may want to consider attending the Feb. 4, 2003, continuing professional education (CPE) morning presentation on disclosure issues for these companies, organized by the New York State Society of CPAs’ Technology Assurance (TA) Committee.

High-tech companies must comply with all traditional disclosures. Additionally, these companies have unique disclosure requirements that address exposures, risks and capital outlays. Understanding these disclosure requirements is essential to assessing a high-tech company as an employee, investor or professional advisor to the high-tech industry.
The presentation will cover the following topics:

• Current status of financial statement disclosure requirements
• Financial statement disclosure issues
• Future requirements

Date: Tuesday, Feb. 4, 2003
Time: 8:30 a.m. to 9 a.m.: registration, networking, free continental breakfast 9:00 a.m. to 10 a.m.: CPE session
Presenter: David A. Rauch, CPA, MBA
Location: NYSSCPA headquarters,
530 Fifth Ave. (between 44th and 45th streets), fifth floor, New York City

About the Presenter

David A. Rauch began his career with Arthur Andersen & Co. He currently is an independent consultant providing CFO services to clients in the technology, manufacturing and entertainment industries. Previously he served as CFO/worldwide controller for companies in the technology, manufacturing and service industries.

Mr. Rauch is a member of the NYSSCPA Technology Assurance Committee. He has served on the Consulting Services Committee and as chairman of the CFO Committee and the financial executives committees. He also is a member of the American Institute of CPAs.

Mr. Rauch has a bachelor’s in business administration in accounting from Baruch College and a master’s in business administration in finance from Pace University. He can be reached at darcpamba@aol.com.

Additional Information

This NYSSCPA/Foundation for Accounting Education (FAE) CPE morning presentation is free to NYSSCPA members and $15.00 for nonmembers to qualify for one hour of CPE credit.

At the session you will get the chance to network with the profession’s and the industry’s IT leaders.

Advance registration is encouraged, because seating is limited.

For additional information, contact Gary E. Carpenter at (315) 487-4567 or gcarpenter-cit@worldnet.att.net or Bruce H. Nearon at (973) 403-6955 or bnearon@jhcohn.com.

For more information on the Technology Assurance Committee, visit www.nysscpa.org, click on the Find Committees tab on the left-hand side of the page and then scroll down to the Technology Assurance Committee link.

Registration

To register: contact FAE at (212) 719-8383 or (800) 537-3635 or visit the Society’s website at www.nysscpa.org (you will need your Society member number to register). Go to the Technology Assurance Committee homepage and select “02/04/03—Disclosure Issues for High-Tech Companies” located under the Free IT CPE banner.

Acknowledgments

J.H. Cohn LLP and Carpenter Information Technologies, Inc., helped provide the funding and resources for the continental breakfast, marketing and publicity, and administration of this event.