Ernst & Young’s Paul A. Penler to Speak at KC’s Event on XBRL Part II Implementation: Are You Ready? on 03/18/2009

New York, NY, February 28, 2009 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webcasts recently announced that Paul A. Penler, Executive Director, Auditing Tools and Techniques, Global Assurance and Audit Practice, Ernst & Young LLP will speak at the Knowledge Congress’ upcoming webcast entitled: “XBRL Part II Implementation: Are You Ready?”. This two-hour event is scheduled on March 18, 2009, Wednesday, 1:00pm to 3:00pm ET. For further details of the event and panelists, please visit http://www.knowledgecongress.org/event_2008_xbrl-II.html

Event Synopsis:

Implementation of The SEC's mandate to adopt XBRL-based financial reporting is now closer than ever. XML data tagging to makes it easier for internal controls, shareholders, investors, analysts, and the regulators to mine financial reports for data. Moreover, it helps provide an interactive data that is helpful in automating regulatory filings and business information processing. As the proposed timetable for the adoption of XBRL-based financial reporting is fast approaching, affected entities should be well-informed and use this format now or run the risk of not being able to fully utilize this feature rich reporting method.

The Knowledge Congress is producing a follow up to its highly successful webcast in September to discuss updates, the recent and the possible impact of XBRL in various financial reporting processes. Key experts and regulators are expected to speak at this event.

About Paul A. Penler

Mr. Penler is responsible for identifying, evaluating and accelerating the development/ implementation of improved auditing processes and tools. As part of Ernst & Young’s Global Audit and Assurance practice, Paul focuses on bringing new services and service enablers (e.g. tools) to market. In this role, his responsibilities include serving clients, authoring thought leadership pieces, participating in industry initiatives and market testing of new services and service enablers. Mr. Penler has presented at numerous international conferences and has been quoted by over 20 publications.

Mr. Penler leads Ernst & Young’s XBRL Consortium, market outreach and client service activities on a global basis. Paul has been Ernst & Young’s representative to the XBRL International and U.S. Consortium since its founding in 1999 and has been the Chair of XBRL U.S. and the Vice-Chair of XBRL International (2003-2005). Paul is currently the co-chair of the XBRL-US Market Outreach Working Group XBRL.

In addition, Paul has spent over 15 years providing a wide range of assurance and advisory services, in several industries, for clients in the Dallas, Washington D.C. and Cleveland offices of Ernst & Young. Paul is a CPA, Certified Government Accountant and graduated with a B.B.A. from the University of Texas and a M.S. from the University of North Texas. Paul is based at Ernst & Young’s Global Audit offices in Cleveland, Ohio, USA.

About Ernst & Young LLP

Ernst & Young is a global leader in assurance, tax, transaction and advisory services aiming to have a positive impact on businesses and markets, as well as on society as a whole.

For more information on Paul A. Penler, and Ernst & Young LLP, please visit: http://www.ey.com

About The Knowledge Congress

The Knowledge Congress is a regulatory-focused organization that brings the world's leading authorities and industry participants together to study the impact of changing government mandates using an educational and informative two-hour live, Web format. The Knowledge Congress’ presentations are designed to examine regulatory changes and study emerging trends across a wide variety of industries. To hear leading government officials, consultants, and experts objectively analyze the latest trends and issues that will impact business, visit www.knowledgecongress.org to register for this event.

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