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Upcoming Events 2008 (Open for Registration - Click Event for Details) Scheduled Date
  Final FACTA Affiliate Marketing Rules Issued
Certain federal banking agencies issued final rules on the implementation of FACTA to take effect January 1, 2008. Financial institutions such as banks will now be obliged to give their clients notice of and an option to opt out any solicitation from an affiliate institution.

9/9/2008
  Transfer Pricing: Crucial Strategies
Transfer pricing has become a big challenge to companies who are conducting operations in different countries in which their subsidiaries transact business with each other. Without proper documentation that would justify an arm’s length price of transactions, double taxation, imposition of stiff penalties and significant losses might result.

9/10/2008
  The Many Repercussions of Section 6694
IRS issued Revenue Procedure 2008-14 for the purpose determining the sufficiency of tax returns resulting in avoidance of penalties for underpayments of tax, and penalties against tax preparers for irregularities in tax returns.

9/16/2008
  Effective Guidelines on Improving the Monitoring Quality of Your
  Internal Control Systems

COSO has developed a new guidance that would improve the quality of the internal control systems of organizations including those that are using the financial reporting system in compliance with Section 404 of the Sarbanes-Oxley Act of 2002.

9/17/2008
  Cross-Border Antitrust Enforcement Efforts
Antirust enforcement authorities around the world are increasingly coordinating their efforts with other countries. As a result, corporations who are investigated in the United States for anti-competitive behavior face numerous other investigations in the European Union, Canada, and other countries. These corporations also face class action lawsuits in the United States.

9/23/2008
  Securities Exchange Act Rule 15a-6
Rule 15a-6 was adopted in 1989 to grant foreign banker dealers exemption from registration for certain securities activities within the U.S. Recently, amendments have been proposed to make it more synchronized with the modern times since business entities are now using modern technology in its operations.

9/24/2008
  The Impact of IFRS: Getting Ready for the Major Change to Tax Operations
Since IFRS have become widely accepted around the world, U.S. companies have been cognizant on the effects of a possible pending adoption. Among these are issues concerning the transition from GAAP to IFRS, tax reporting, tax accounting, and other matters pertaining to an organization’s financial reporting system.

9/25/2008
  Understanding IRC section 199 & IRS Audits
Many companies have sought deductions under IRC Section 199. Recently, the IRS has been cracking down on these deductions. The impact of section 199 has become a top priority issue for many companies.

9/29/2008
  Statement 157 Fair Value Accounting and Its Critical Impact on Your Business
Introduced in September 2006, FAS No. 157 helped to more clearly define measuring fair value in GAAP and has also expanded fair value measurement disclosures.

10/15/2008
  Accounting for Convertible Debt Instruments (CDIs)
The Financial Accounting Standards Board has recently completed its guidance regarding accounting for convertible debt instruments. The new guidance has in many cases changed certain advantages that convertible debt instruments used to offer.

10/16/2008
  117-a Endowments, Net Asset Clarification & Enhanced Disclosures
Recently, The Financial Accounting Standards Board issued proposed guidance for non- profit companies addressing the net classification of donor restricted endowment funds for organizations that fall under the 2006 Uniform Prudent Management of Institutional Funds Act (UPMIFA).

10/20/2008
  Statement 142 Mergers and Acquisitions for Non Profits
The Financial Accounting Standards Board recently issued a proposed guidance that would help non-profit organizations apply Statement No. 142 to certain acquired assets that are required to be accounted for.

10/21/2008
  IRC Section 409A: Deadline Looming - Are You Prepared?
The Treasury Department and the Internal Revenue Service (IRS) issued final 409A regulations which substantially contribute changes in the way non-qualified deferred compensation (NQDC) are treated for income tax purposes.

10/24/2008
  FASB Statement 5 and 141R Loss Contingency Disclosures
The Treasury Department and the Internal Revenue Service (IRS) issued final 409A regulations which substantially contribute changes in the way non-qualified deferred compensation (NQDC) are treated for income tax purposes.

10/28/2008
  New Antitrust & Competition Policy Guidelines
The American Antitrust Institute is poised to publish its transition report on competition policy. It is forecasted to be one of the most comprehensive and sweeping policies in decades and will cover a substantial portion of the economy.

10/30/2008
  FAS 109 & IAS 12 Explored
The FASB, together with the IASB is working on a new regulation that would modify several income tax accounting rules. This would reconcile the distinctions between FAS 109 and IAS 12 resulting in improved accounting methods for income taxes of companies.

11/6/2008
  Form 990 Update
A new version of Form 990 was issued by the IRS to be used for returns filed in 2009. It is said to offer more reliable information on an affected organization’s operations to determine non-compliance, minimize burden on the filing organization and enhance transparency.

11/7/2008
  Understanding Regulation S-P Privacy of Consumer Financial Information
The Securities & Exchange Commission issued Regulation S – P to help protect consumers’ personal information. The rule requires financial institutions to provide customers with a notice of its privacy policies and practices and in restricted disclosure of certain non-public information to third parties.

11/19/2008
  FAS 133-b and FIN 45-c
FAS 133-b and FIN 45-c will cover financial statements issued for fiscal years ending after November 15, 2008. This will apply to credit derivatives within the scope of Statement 133.

* 10/29/08
  Decision 9390 How to Avoid Revocation of Exempt Status
Treasury Decision 9390 was issued on March 28, 2008 by the Department of Treasury. Among its provisions include the final regulations that enumerate substantive requirements for tax exemption of organizations, including measures these organizations should adopt in order to maintain their tax exempt status.

* 11/5/08
  Anti-Fraud Guidelines for Financial Institutions
All financial institutions should take steps to deter fraud to protect their organization. This is one of the reasons why the AICPA, ACFE and the IIA have jointly released new guidelines to fight this threat.

* 11/10/08
  Foreign Corrupt Practices Act - Global Requirements
Over the past 5 years, the DOJ and the SEC have investigated a large number of violations of the Foreign Corrupt Practices Act as a result of the government’s intense campaign to wipe out corruption not only in the U.S. but also in countries where U.S. companies maintain branch offices.

* 11/13/08
  FAS 141 (R) and FAS 160 Update
The adoption of Statements 141(R) and 160 will continue to usher in a broad variety of important changes in the way companies account for Fair valuation, business combinations and non-controlling (minority) interests. 141/160 will even hold true for mergers and acquisitions.

* 11/18/08
  Understanding Rule 3526
The PCAOB has adopted Rule 3526. This new regulation will govern the relationship between audit committees and their independence. Specifically, registered firms will have to describe in detail the nature of their relationship with the company and any potential conflicts which would affect the firm's independence.

* 11/20/08
  EITF 07-5 Untangled
Recently, the Financial Accounting Standards Board released information regarding EITF 07-5 determining whether an instrument (or an embedded feature) is indexed to an entity’s own stock. Much of this regulatory activity has to do with dealing with uncertainties.

* 12/5/08
  AS No. 5
Recently, the PCAOB issued AS No. 5, which supersedes AS No. 2. This regulation will provide guidance to companies establishing internal control audits that are integrated with audits of financial statements.

* 12/10/08
  SQCS No. 7 Managing Your Quality Control Systems
The new Statement on Quality Control Standards (SQCS) No. 7 will establish standards and guidelines for CPA firms with respect to the quality control of its auditing and accounting practice.

* 12/16/08
  NASD 3110: Opening Gates for Optimal Corporate Performance
The SEC Rule 3110, provides specific requirements for how NASD members capture and store customer information. The rule applies to all records, mail, e-mail and instant messaging and most data collected from their customers.

* 1/6/09
    * - Approximate dates or Actual date still to be determined

Group Registration Info Click here for information on group registrations

2008 Events Coming Soon
  The New Tax Return Preparer Rules (Circular 230)
  Board Adopts New Auditing Standard No. 6: Evaluating Consistency of Financial Statements
  Mutual Recognition
  FIN 48 for Public Companies: State & Local Tax Issues
  Statement 157 Fair Value Accounting for Non Profits
  Self Assesments & Automating the Examination Process for Banks & Financial Institutions
  Rule 163 New Rules for Bond Insurers
  Foreclosure Prevention for Banks & Credit Unions
  Statement 133 Accounting for Derivative Instruments and Hedging Activities
  US Treasury Blueprint for a Modernized Financial Regulatory Structure
  Avoiding Unfair & Decpetive Marketing Practices for Banks & Credit Unions (UDAP laws)
  Strategic E-Discovery: Taking Steps to Avoid Litigation’s Black Hole
  The Challenge of MiFID in the United States

Group Registration Info Click here for information on group registrations

Recently Completed  Events 2007-2008 Date Recorded  Recording
  XBRL Mandate Looming; Hear From Experts 9/4/2008 Order Recording
  FAS 109: FIN 48 - Accounting for Uncertain Tax Positions -
  For Fund Managers
9/3/2008 Order Recording
  FIN 48 for Exempt (Non-Profit) Companies 8/6/2008 Order Recording
  Basel II Standardized Approach for Small Banks
  - Implementation & Post Implementation Issues
7/31/2008 Order Recording
  Bond Insurance in a Changing Market and Regulatory
  Environment: What to Expect
6/26/2008 Order Recording
  Are You Prepared for SAS 112? 6/26/2008 Order Recording
  Subprime Dilemma - First Aid & Best Practices 6/17/2008 Order Recording
  Regulation R "Push Out Rules" and Its Impact on Bank
  Brokerage Activities
6/12/2008 Order Recording
  SEC Adopts Amendments to Rules 144 and 145 6/11/2008 Order Recording
  Anti-Money Laundering III: Global Compliance Requirements 5/14/2008 Order Recording
  FINSA (Foreign Investment and National Security Act of 2007) 5/8/2008 Order Recording
  Identity Theft: Final Rules & the Impact on Financial Institutions
  and Creditors (The Red Flag Rule)
5/7/2008 Order Recording
  Understanding FAS 141(R) and FAS 160 4/30/2008 Order Recording
  The New E-Discovery SNAFU: Failures, Disputes, &
  Skyrocketing Legal Costs
4/24/2008 Order Recording
  Form 990 Overhaul 3/12/2008 Order Recording
  Liquidity Risk Management 3/6/2008 Order Recording
  SOX Update - Internal Control Over Financial Reporting -
  New Guidelines
3/4/2008 Order Recording
  Rule 206 (4)-8: New Anti-Fraud Rule 2/27/2008 Order Recording
  Foreign Private Issuers 2/21/2008 Order Recording
  "The Enemy from Within"-Security Management Policies for
  Banks & Financial Firms
2/5/2008 Order Recording
  CDOs and The Subprime Market 1/16/2008 Order Recording
  Statement 157, Fair Value Measurements 12/13/2007 Order Recording
  Foreign Corrupt Practices Act Compliance 12/12/2007 Order Recording
  Statement 158 Pension and Postretirement Accounting 12/07/2007 Order Recording
  Fin 48 Update - Mid Year Review 12/06/2007 Order Recording
  Clarifying KSR & Impact on Patent Law 11/20/2007 Order Recording
  Basel II LIVE Teleconference for Banks
 (New Risk-Based Capital Rules)
11/15/2007 Order Recording
  Statement 159, The Fair Value Option for Financial Assets
  and Financial Liabilities
11/8/2007 Order Recording
  Enterprise Risk Management (ERM) New Guidance 10/31/2007 Order Recording
  AS5 Live Teleconference: Important Updates 10/25/2007 Order Recording
  E-discovery Fall Update 10/4/2007 Order Recording
  Subprime Live teleconference: Impact & Moving Forward 9/18/2007 Order Recording
  409A Equity-Based Compensation Arrangements 9/6/2007 Order Recording
  NASD Rule 2821 (“Rule 2821”) Amendment No. 4 7/26/2007 Order Recording
  Second Annual Anti-Money Laundering Teleconference 2007 7/25/2007 Order Recording
  Sarbanes-Oxley A Senior Briefing 6/19/2007 Order Recording
  FIN 48: Practical Recommendations 3/8/2007 Order Recording
  E-Discovery Teleconference: A Senior Management Briefing 2/27/2007 Order Recording
  Changes in the Deposit-Insurance Fund & Its Impact on Banks  1/4/2007 Order Recording

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