The Knowledge Group
The Knowledge Group

Gregory Forsythe, Director, Deloitte Financial Advisory Services LLP to Speak at KC’s Event on SFAS 142: Goodwill & Other Intangible Assets on 03/05/2009

The Knowledge Congress, the leading producer of regulatory focused webinars announced today that Gregory Forsythe, Director, of Deloitte Financial Advisory Services LLP will speak at the Knowledge Congress’ upcoming webinar entitled: “SFAS 142: Goodwill & Other Intangible Assets.” This 2-hour event is scheduled on March 5, 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_142.html

New York, NY, January 09, 2009 --(PR.com)-- In a bid to define Goodwill and Intangible assets in financial accounting, FASB issued SFAS 142 aimed at helping affected entities identify key issues relating to financial statements containing intangible assets. This statement will address concerns regarding the importance of intangible assets and knowing where they stand in your financial transactions. As a result, companies will have a better grasp in determining their most valued assets. This event will greatly benefit companies using financial statements who have acquired intangible assets. Participation is highly recommended.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to inform the public of the importance of this regulation. The speakers will present their expert opinions in a two-hour Live webinar.

About Gregory Forsythe

Greg Forsythe is a Director in the Deloitte Financial Advisory Services LLP (Deloitte FAS) Valuation Practice and serves as Deloitte FAS’s Business Valuation Technical Specialist and Valuation Learning Leader. As such, Greg oversees the Valuation Practice’s National Learning Initiative and leads the development of valuation technical standards and educational course content across the business and intangible asset, real estate, and machinery & equipment valuation disciplines. Greg was a member of the AICPA’s Business Valuation Standards Writing Task Force, contributing to the AICPA’s “Statement on Standards for Valuation Services No. 1” issued on June 21, 2007, and effective for engagements accepted on or after January 1, 2008.

Greg is a member of the Appraisal Issues Task Force and the Big Four’s Inter-Firm Group, an informal forum for best practices discussion related to valuation for financial reporting and has also participated in an IASB Working Group regarding fair value measurements. In January 2007, Greg was selected to participate in The Appraisal Foundation’s first Working Group on “Best Practices for Intangible Asset Valuations in Financial Reporting”. On June 10, 2008, the Appraisal Foundation issued for public comment the Group’s Discussion Draft: “The Identification of Contributory Assets and the Calculation of Economic Rents”.

On July 25, 2007, Greg was invited to become a Member of the FASB’s Valuation Resource Group. The Valuation Resource Group works to provide the FASB with input on potential clarifying guidance on issues relating to the application of SFAS 157, Fair Value Measurements.

In October 2008, Greg was selected by the International Valuation Standards Council (IVSC) Board of Directors to serve as a member of the newly-formed International Valuation Professional Board (IVPB). The IVSC is a Non-Government Organization member of the United Nations that works with organizations throughout the world to harmonize and promote agreement and understanding of valuation standards. As a member of the IVPB, Greg’s primary responsibilities will be to work to develop a set of international valuation Best Practices, and support the work of the IVSC through the promotion of education and training relative to International Valuation Standards. Greg has performed valuations for the purposes of mergers, acquisitions and divestitures, gift and estate tax determination, estate planning, stock redemptions, marital dissolutions, financial reporting (e.g., SFAS 123R, 141, 142), as well as other litigation and non-litigation related purposes. Greg has an M.B.A. in Finance, University of Pittsburgh, Katz Graduate School of Business. Post Graduate Certificate in Education, University of London (Distinction in Teaching Practice), and a B.S. (Hons.) in Mathematics, University of London.

About Deloitte LLP

“Deloitte” is the brand under which 165,000 dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients.

For more information about Greg Forsythe, and Deloitte 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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