WEBINAR

Recent developments surrounding the International Emergency Economic Powers Act (IEEPA) have introduced new uncertainty – and potential opportunity – for importers impacted by tariffs. 

In this timely webinar, CohnReznick professionals from our Restructuring & Dispute Resolution and National Accounting practices will break down what the Supreme Court’s invalidation of IEEPA means in practice, how U.S. Customs and Border Protection (CBP) is implementing a new refund process, and the financial, operational, and accounting considerations importers should be evaluating now. 

Our panelists will cover: 

• What the Supreme Court’s invalidation of IEEPA means for tariffs today including why tariffs under other statutes remain in effect and why any IEEPA‑related cash flow relief may be temporary.
• How CBP’s new CAPE refund process works – from claim submission and mass tariff recalculation to liquidation, reliquidation, and refund issuance.
• Practical options for importers navigating tariff pressure such as validating refund calculations, buying or selling refund claims, and managing liquidity challenges tied to tariffs.
• Key accounting and financial reporting considerations including GAAP guidance for recording tariff receivables before and after the Supreme Court ruling.

Live event participants can earn up to 1 CPE credit in the Accounting field of study. See additional details below.

SPEAKERS

CPE Information

Live event participants can earn up to 1 CPE credit in the Accounting field of study. 

Program description: Recent legal developments surrounding the International Emergency Economic Powers Act (IEEPA) have created significant uncertainty—and potential opportunity—for U.S. importers impacted by tariffs. Following the U.S. Supreme Court’s invalidation of IEEPA‑based tariffs, affected companies must now navigate a rapidly evolving refund landscape, new administrative processes, and related financial reporting considerations. In this timely program, CohnReznick professionals from the Restructuring & Dispute Resolution and National Accounting practices provide an overview of the practical implications of the Supreme Court’s ruling, including how U.S. Customs and Border Protection (CBP) is implementing a new tariff refund framework. The program examines the operational, liquidity, and accounting issues importers should be evaluating as they assess potential refunds and ongoing tariff exposure. Participants will gain insight into the mechanics of CBP’s new Consolidated Administration and Processing of Entries (CAPE) refund process, considerations for managing cash‑flow and liquidity impacts, and relevant GAAP guidance for accounting for tariff receivables before and after the ruling. The program is designed to help professionals understand the current tariff environment and identify key decision points as refund claims progress. 

Program level: Intermediate- Developing subject knowledge 

Prerequisites: This program is designed for professionals with prior working knowledge of U.S. trade, tariff, or financial reporting matters. Participants should have an understanding of: 

• Fundamental concepts related to U.S. import tariffs and customs duties
• The role of U.S. Customs and Border Protection (CBP) in tariff assessment and administration
• Basic GAAP principles, including the recognition and measurement of receivables and contingencies
• General familiarity with legal and regulatory developments affecting importers
• The content builds on these foundational concepts and is intended for individuals with at least 3–5 years of relevant professional experience in accounting, finance, legal, compliance, or advisory roles supporting U.S. importers

Advanced preparation: None

Topics to be discussed include:

By the end of this course, attendees will be able to: 

• Review the implications of the Supreme Court’s invalidation of IEEPA‑based tariffs and why tariffs imposed under other statutory authorities remain in effect 
• Identify the key steps in CBP’s CAPE refund process, including claim submission, recalculation, liquidation, reliquidation, and refund issuance 
• Consider how to evaluate practical options for managing tariff‑related liquidity and operational challenges, including validation of refund calculations and transfer or monetization considerations 
• Apply relevant GAAP guidance related to the recognition and measurement of tariff receivables and related disclosures 

Instructional Delivery Method: Webinars: Group Internet Based

Course Registration Requirements: Landing pages feature this content prior to CPE credit approval.

Official NASBA sponsor statement, if an approved NASBA sponsor (explaining final authority of acceptance of CPE credits):

CohnReznick 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 board 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

"CohnReznick" is the brand name under which CohnReznick LLP and CohnReznick Advisory LLC and their respective subsidiaries provide professional services. CohnReznick LLP and CohnReznick Advisory LLC (and their respective subsidiaries) practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. CohnReznick LLP is a licensed CPA firm that provides attest services to its clients. CohnReznick Advisory LLC provides tax and business consulting services to its clients. CohnReznick Advisory LLC and its subsidiaries are not licensed CPA firms.