The Knowledge Group
The Knowledge Group

Stamos C. Nicholas, National Business Valuation Service Line Leader, Deloitte Financial Advisory Services LLP to Speak at KC’s Event on SFAS 144 on 2/26/2009

New York, NY, December 12, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webinars announced today that Stamos Nicholas, National Business Valuation Service Line Leader, Deloitte Financial Advisory Services LLP will speak at the Knowledge Congress’ upcoming webinar entitled: “SFAS 144: Accounting for the Impairment or Disposal of Long-Lived Assets”. This 2-hour event is scheduled on February 26, 2009, Thursday, at 3:00 PM – 5:00 PM ET. (For further details of the event and an updated list of panelists, please visit: http://knowledgecongress.org/event_2008_SFAS_144.html)

SFAS 144 modifies the accounting for asset write downs and discontinued operations. It retains the SFAS 121 requirements for recognizing and measuring impairment losses, supersedes accounting and reporting provisions of APB Opinion No. 30, and amends ARB No. 51 on consolidated financial statements. It uses traditional fair-value measurements to assess whether long-lived assets are permanently impaired. This, however, brought about confusion among various sectors. Your company could likely be one of those affected by these statements. Be guided, be enlightened and be wary to avoid sanctions in the end.

The Knowledge Congress is assembling a panel of experts to discuss the implications of this statement as well as their recommendations on how your company can adapt to this new system. The speakers will present their expert opinions in a two-hour Live Webinar.

About Stamos Nicholas

Mr. Nicholas is a principal and the national leader of the Business Valuation practice of Deloitte Financial Advisory Services LLP. He has more than 25 years of experience in providing valuation and financial valuation consulting services worldwide for the purposes of accounting, tax planning, financing, bankruptcy, litigation, mergers and acquisitions, and investment. Mr. Nicholas has particular experience in the valuation of intellectual property (i.e., patents, proprietary technology, trademarks, trade names, customer intangibles, copyrights, agreements, etc.).

Mr. Nicholas has extensive experience serving national and multinational companies such as financial services, manufacturing, media/entertainment, natural resources, consumer businesses, technology and life sciences, among others.

Additionally, Mr. Nicholas has supervised large, complex multidiscipline (real estate, machinery and equipment, and financial) valuation engagements and has performed several transfer pricing studies for multinational corporations.

He has testified as a valuation expert on business enterprises and intellectual property in various courts of law (including bankruptcy court) and has extensive experience in dealing with the IRS, SEC and other regulatory and tax authorities worldwide on valuation issues.

Publications and Presentations

Interviewed by CNN on emerging regulations from the FCC on media ownership rules

Quoted and/or interviewed on stock option valuation by the following media outlets: Business Finance, Financial Planning, Bloomberg, Reuters, Dow Jones, Society for Human Resource Management's “HR News”, WebCPA.com, The Daily Deal, Law.com, Miami Daily Business Review, Palm Beach Daily Business Review, Broward Daily Business Review, Atlanta Business Chronicle, Institutional Investor, and The NY State Society of CPAs' Newspaper, "The Trusted Professional"

Additionally, Mr. Nicholas has been a formal speaker and presenter to many industry organizations and professional groups such as the American Society of Appraisers, Tax Executive Institute, Emerging Issues Task Force (“EITF”) Advisor on Customer Relationships, Financial Executive Institute for Biosciences, Pharma Association, National Restaurant Association, New York State Society of CPAs, New Jersey State Society of CPAs, Deloitte Regional Bank Forum, Financial Executives International (“FEI”) Committee Member on Business Combinations, and a Private Equity Valuation and Performance Reporting conference at Dartmouth Tuck School of Business.

About Deloitte Financial Advisory Services LLP

Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. In addition to its accounting practice, Deloitte is one of the largest business advisory firms in the world, providing strategic and operational management consulting, tax advisory, and financial advisory services to many of the world's largest companies.

It was previously known as Deloitte & Touche, which was formed by the merger of Touche Ross and Deloitte Haskins & Sells (outside of the UK) in 1990. The rebranding as simply Deloitte with a round green dot following the name was commissioned by John Connolly, the Senior Partner and Chief Executive of the UK firm, who challenged Enterprise IG in 2003 to develop a brand image that represented the new position of the organization in the marketplace; encompassing the "complete firm", offering accounting and consulting services whilst rival firms had divested their consulting operations.

For more information about Stamos C. Nicholas and Deloitte Financial Advisory Services LLP, please visit: http://www.deloitte.com

About The Knowledge Congress

The Knowledge Congress is an organization that produces webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour Live webinars to study the impact of changing regulations.” To contact or to register for an event, please visit: www.knowledgecongress.org.

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