Karen M. Golz, Americas Vice Chair, Independence/Americas Independence, Ernst & Young LLP to Speak at KC’s Live Webcast on Auditor Independence on 5/7/2009
Jersey City, NJ, April 09, 2009 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webcast announced today that Karen M. Golz, Americas Vice-Chair, Independence/Americas Independence, Ernst & Young LLP will speak at the Knowledge Congress’ upcoming webcast entitled: “Auditor Independence: What You Need to Know”. This 2-hour event is scheduled on May 7, 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_2009_Auditor.html)
Event Synopsis
Recently, certain high-profile fraudulent cases have heightened the public's awareness of how important auditor independence is in the performance of various engagements. Indeed, independence standards materially affect the ways in which a CPA performs audit and other attestation-related reviews and services for the client. In audits conducted according to generally accepted auditing standards (GAAS), or the standards of the Public Company Accounting Oversight Board (PCAOB), audit teams are charged with the duty of giving reasonable assurance that their client's financial statements are free of material misstatement (whether caused by error or fraud). Auditor independence is a key element in providing such an assurance.
This Live Webcast will focus on the scope and conceptual framework for independence standards and will explain the different regulatory requirements, as well as interpretations published to help auditors understand the standards set forth concerning auditor independence. It will also address several other key issues, including: what the independence principles and safeguards mean to audit practice, what non-audit services are permitted or prohibited, how to apply the standards in specific nonaudit circumstances and the differences between the GAO and AICPA independence standards.
About Karen M. Golz
Karen serves as Ernst & Young's Global and Americas Vice Chair, Independence, having assumed the global vice chair role in January 2009 and the Americas role in April 2004. In her role, she has responsibility for regulatory interaction and relationships with the Securities and Exchange Commission Office of the Chief Accountant (SEC OCA), the Public Company Accounting Oversight Board (PCAOB) and the AICPA for independence matters, Ernst & Young independence policies, consultation and operational implementation of independence matters across the EY network. Prior to assuming the responsibilities for independence, she was the professional Practice Director (PPD) in the New England Area from 2001 to 2004 and a client serving audit partner from 1987. Karen has served numerous clients as lead audit partner or independent review partner and has extensive SEC accounting, auditing, reporting and independence experience.
She has served on EY's Accounting and Auditing Committee, its Gender Equity Task Force and many other task forces and committees within EY. She has also served on numerous charitable boards and committees.
Karen joined EY in 1976 upon graduation form the University of Illinois, Champaign where she graduated Summa Cum Laude. She is a bronze Tablet Scholar which is the highest academic distinction the University of Illinois bestows.
About Ernst & Young
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 about Karen Golz, and Ernst & Young, please visit: www.ey.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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Event Synopsis
Recently, certain high-profile fraudulent cases have heightened the public's awareness of how important auditor independence is in the performance of various engagements. Indeed, independence standards materially affect the ways in which a CPA performs audit and other attestation-related reviews and services for the client. In audits conducted according to generally accepted auditing standards (GAAS), or the standards of the Public Company Accounting Oversight Board (PCAOB), audit teams are charged with the duty of giving reasonable assurance that their client's financial statements are free of material misstatement (whether caused by error or fraud). Auditor independence is a key element in providing such an assurance.
This Live Webcast will focus on the scope and conceptual framework for independence standards and will explain the different regulatory requirements, as well as interpretations published to help auditors understand the standards set forth concerning auditor independence. It will also address several other key issues, including: what the independence principles and safeguards mean to audit practice, what non-audit services are permitted or prohibited, how to apply the standards in specific nonaudit circumstances and the differences between the GAO and AICPA independence standards.
About Karen M. Golz
Karen serves as Ernst & Young's Global and Americas Vice Chair, Independence, having assumed the global vice chair role in January 2009 and the Americas role in April 2004. In her role, she has responsibility for regulatory interaction and relationships with the Securities and Exchange Commission Office of the Chief Accountant (SEC OCA), the Public Company Accounting Oversight Board (PCAOB) and the AICPA for independence matters, Ernst & Young independence policies, consultation and operational implementation of independence matters across the EY network. Prior to assuming the responsibilities for independence, she was the professional Practice Director (PPD) in the New England Area from 2001 to 2004 and a client serving audit partner from 1987. Karen has served numerous clients as lead audit partner or independent review partner and has extensive SEC accounting, auditing, reporting and independence experience.
She has served on EY's Accounting and Auditing Committee, its Gender Equity Task Force and many other task forces and committees within EY. She has also served on numerous charitable boards and committees.
Karen joined EY in 1976 upon graduation form the University of Illinois, Champaign where she graduated Summa Cum Laude. She is a bronze Tablet Scholar which is the highest academic distinction the University of Illinois bestows.
About Ernst & Young
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 about Karen Golz, and Ernst & Young, please visit: www.ey.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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