Sean McKee, Audit Sector Leader - Investment Management Practice, KPMG LLP to Speak at KC’s Event on Understanding 157-e:Fair Value Redefined on 4/23/2009
New York, NY, March 10, 2009 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webcast announced today that Sean McKee, Audit Sector Leader - Investment Management Practice, KPMG LLP will speak at the Knowledge Congress’ upcoming webcast entitled: “Understanding 157-e: Fair Value Redefined”. This 2-hour event is scheduled on April 23, 2009, Thursday at 12:00 NN – 2:00 PM ET. (For further details of the event and an updated list of panelists, please visit: http://knowledgecongress.org/event_2009_understanding157.html)
In an effort to help banks avoid fire-sale prices of their most toxic assets, the FASB has proposed sweeping changes to current mark to market accounting rules. Under the new rules, called 157-e, banks will be allowed to set their own values for certain troubled and difficult-to-value assets such as distressed mortgages and loans (consumer & corporate). While many institutions are lining up to take advantage of the new regulations, others are voicing concerns over how 157-e will impact the Treasury’s plan to remove toxic assets from the system. In all this confusion, one thing remains certain: economic recovery will be difficult if not impossible unless we continue to re-evaluate the way we do business.
The Knowledge Group has assembled a team of key thought leaders and experts to help you understand the impact of 157-e on your business. Understanding 157-e: Fair Value Redefined Live webcast is a must attend event for professionals and firms impacted by issues surrounding fair value.
About Sean McKee
Sean is KPMG’s Audit Sector Leader for the Investment Management Practice responsible for the timely identification, development and dissemination of industry specific accounting and auditing information. Sean has served the asset management industry for nearly 17 years. Sean serves a number of investment management and alternative investment clients. In addition to his client service responsibilities, Sean is an instructor and developer of KPMG’s audit and investment management national training courses and part of a select group of partners within the firm responsible for concurring reviews of SEC registrants.
Sean has served the complete spectrum of investment management clients, including hedge funds, private equity funds, infrastructure funds, commodity pools, mutual funds, and asset managers.
Sean received a B.S. degree in business administration with honors, with a concentration in accounting from The Ohio State University. He is a member of the AICPA and The National Investment Company Service Association and is a licensed CPA in seven states.
About KPMG LLP
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 148 countries and has 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 Sean Mckee and KPMG, please visit: http://us.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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In an effort to help banks avoid fire-sale prices of their most toxic assets, the FASB has proposed sweeping changes to current mark to market accounting rules. Under the new rules, called 157-e, banks will be allowed to set their own values for certain troubled and difficult-to-value assets such as distressed mortgages and loans (consumer & corporate). While many institutions are lining up to take advantage of the new regulations, others are voicing concerns over how 157-e will impact the Treasury’s plan to remove toxic assets from the system. In all this confusion, one thing remains certain: economic recovery will be difficult if not impossible unless we continue to re-evaluate the way we do business.
The Knowledge Group has assembled a team of key thought leaders and experts to help you understand the impact of 157-e on your business. Understanding 157-e: Fair Value Redefined Live webcast is a must attend event for professionals and firms impacted by issues surrounding fair value.
About Sean McKee
Sean is KPMG’s Audit Sector Leader for the Investment Management Practice responsible for the timely identification, development and dissemination of industry specific accounting and auditing information. Sean has served the asset management industry for nearly 17 years. Sean serves a number of investment management and alternative investment clients. In addition to his client service responsibilities, Sean is an instructor and developer of KPMG’s audit and investment management national training courses and part of a select group of partners within the firm responsible for concurring reviews of SEC registrants.
Sean has served the complete spectrum of investment management clients, including hedge funds, private equity funds, infrastructure funds, commodity pools, mutual funds, and asset managers.
Sean received a B.S. degree in business administration with honors, with a concentration in accounting from The Ohio State University. He is a member of the AICPA and The National Investment Company Service Association and is a licensed CPA in seven states.
About KPMG LLP
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 148 countries and has 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 Sean Mckee and KPMG, please visit: http://us.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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The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
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