The Knowledge Group
The Knowledge Group

Tracy S Benard, Partner, Transaction Services, KPMG LLP to Speak at KC’s Event on Important New Guidance on Derivative Disclosures on 2/17/2009

New York, NY, December 14, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webinars announced today that Tracy S Benard, Partner, Transaction Services, of KPMG LLP will speak at the Knowledge Congress’ upcoming webinar entitled: “Important New Guidance on Derivative Disclosures – FAS 161 on all derivatives and FSP on Credit Derivatives”. This 2-hour event is scheduled on February 17, 2009, Tuesday, at 3:00 PM – 5:00 PM ET. (For further details of the event and an updated list of panelists, please visit:
http://www.knowledgecongress.org/event_2008_FAS133b.html)

The Financial Accounting Standards Board has issued new standards to serve as guidelines in improving the reporting process of derivative instruments and hedging activities. This will provide investors a clear view of a company’s cash flow statements and financial status. It will also provide a better
understanding of fair value measurements of inactive financial assets. This may seem straight forward, however, the issues surrounding it could be complicated. Is your company geared for compliance? Awareness of what these standards are all about and what it can do to your business is very critical.

Be guided by experts in this two-hour Live webinar. Produced by The Knowledge Congress, a panel of experts will discuss the important aspects of these standards and their recommendations on how your company can best position itself to adapt to the new system.

About Tracy S Benard

Tracy joined TS after nine years in the Audit practice. She focuses on providing accounting advice under US GAAP and IFRS for structured products and financial instruments, including derivatives. Her work in the area of securitizations, special-purpose entities, and derivatives has included projects supporting investment bankers in developing products, as well as advisory services to issuers and originators. She has over 12 years of experience in providing assurance and consulting-based services to a global client base of financial service providers with an emphasis to the investment banking and commercial banking industry.

Tracy has been identified by the firm to be the IFRS Industry Coordinator for KPMG’s strategic IFRS initiatives.

Tracy has been identified by the firm as a Financial Instruments and Derivatives Resource for KPMG, providing consultation with clients on matters involving financial instruments, hedging and securitizations. She focuses on advisory clients on a variety of US GAAP and IFRS, SEC issues and has assisted on client implementation of FASB Statement 133 and FIN 46R (Consolidation of Variable Interest Entities). She has assisted a major international investment banking organization list on the New York Stock Exchange. In addition, Tracy’s experience with some other smaller US banking clients has given her considerable exposure to dealing with a wide variety of SEC and US GAAP issues. Tracy has along history of managing large project teams, helping to ensure the projects are completed within the deadlines and has led several large global implementation projects of new accounting literature.

Education and Qualifications: Bachelor of Science degree in Accounting from Lehigh University, Bethlehem, PA; Licensed CPA in New York and Washington, D.C.; Member of AICPA

Industry experience: Financial Services including commercial banks, both international and domestic, and investment banks.

About KPMG LLP

KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 148 countries and have more than 113,000 professionals working in member firms around the world.

Its purpose is to turn knowledge into value for the benefit of its clients, people, and the capital markets. KPMG's member firms aim to provide clients with a globally consistent set of multidisciplinary financial and accounting services, based on deep industry knowledge.

KPMG plays an important role in the capital markets, and are highly active in supporting positive reform within its industry to strengthen credibility and confidence. They believe corporate social responsibility is at the heart of all great organizations, and are committed to making a real difference to the communities in which it operates.

For more information about Tracy S Benard, and KPMG LLP, please visit: www.kpmg.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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