Linda A. MacDonald, Senior Managing Director FTI Forensic and Litigation Consulting to Speak at KC’s Event on Understanding FSP FAS 157-4 on 4/23/09
Jersey City, NJ, April 23, 2009 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webcast announced today that Linda A. MacDonald, Partner, Senior Managing Director, FTI Forensic and Litigation Consulting will speak at the Knowledge Congress’ upcoming webcast entitled: “Understanding FSP FAS 157-4: Expanded Fair Value Guidance”. 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 Linda A. MacDonald
Linda A. MacDonald is a senior managing director in the FTI Forensic and Litigation Consulting segment and is based in New York. Ms. MacDonald recently joined FTI after nearly 12 years at the Financial Accounting Standards Board (FASB), where she was a director. Previously, she was a member of the staff of the Division of Enforcement of the U.S. Securities and Exchange Commission (SEC) in Washington, DC and held positions with national public accounting firms. Her nearly 25 years of diverse professional experience gives her a unique perspective in working with clients to identify, understand, and solve critical financial accounting and reporting issues facing companies today.
While at the FASB as a director and before that as a project manager, Ms. MacDonald was involved in establishing U.S. accounting standards and coordinated with the International Accounting Standards Board (IASB) in London on convergence with international accounting standards (IFRS). She managed the projects that established the FASB’s accounting standards on fair value measurements (SFAS 157), restructuring liabilities (SFAS 146), and asset impairments (SFAS 144), and advised on implementation of the standards after they were issued. She also managed the FASB’s initiative on principles-based standards and contributed to FASB publications, including, “Some Facts about Fair Value,” (May 2008) and, The IASC-U.S. Comparison Project: A Report on the Similarities and Differences between IASC Standards and U.S. GAAP (1999).
Ms. MacDonald began her career as an auditor for a national public accounting firm (now Deloitte & Touche, LLP). She joined the SEC in 1987 and worked on enforcement investigations into possible fraud and violations of GAAP and GAAS associated with the financial statements of public companies. After leaving the SEC, she held positions with national public accounting firms where she provided litigation consulting services on SEC enforcement investigations, criminal investigations, and shareholder litigation involving accounting and reporting issues, financial fraud, and securities fraud.
Ms. MacDonald has been a frequent speaker on accounting topics at national industry and professional conferences and other events. She holds an M.B.A in finance from American University and a B.A. in economics and management from Albion College. She is a certified public accountant and a former member of the Technical Standards Subcommittee of the AICPA Ethics Committee.
About FTI Consulting, Inc.
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,000 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring.
For more information about Linda A. MacDonald, and FTI Consulting, Inc., please visit: http://www.fticonsulting.com/web/
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 Linda A. MacDonald
Linda A. MacDonald is a senior managing director in the FTI Forensic and Litigation Consulting segment and is based in New York. Ms. MacDonald recently joined FTI after nearly 12 years at the Financial Accounting Standards Board (FASB), where she was a director. Previously, she was a member of the staff of the Division of Enforcement of the U.S. Securities and Exchange Commission (SEC) in Washington, DC and held positions with national public accounting firms. Her nearly 25 years of diverse professional experience gives her a unique perspective in working with clients to identify, understand, and solve critical financial accounting and reporting issues facing companies today.
While at the FASB as a director and before that as a project manager, Ms. MacDonald was involved in establishing U.S. accounting standards and coordinated with the International Accounting Standards Board (IASB) in London on convergence with international accounting standards (IFRS). She managed the projects that established the FASB’s accounting standards on fair value measurements (SFAS 157), restructuring liabilities (SFAS 146), and asset impairments (SFAS 144), and advised on implementation of the standards after they were issued. She also managed the FASB’s initiative on principles-based standards and contributed to FASB publications, including, “Some Facts about Fair Value,” (May 2008) and, The IASC-U.S. Comparison Project: A Report on the Similarities and Differences between IASC Standards and U.S. GAAP (1999).
Ms. MacDonald began her career as an auditor for a national public accounting firm (now Deloitte & Touche, LLP). She joined the SEC in 1987 and worked on enforcement investigations into possible fraud and violations of GAAP and GAAS associated with the financial statements of public companies. After leaving the SEC, she held positions with national public accounting firms where she provided litigation consulting services on SEC enforcement investigations, criminal investigations, and shareholder litigation involving accounting and reporting issues, financial fraud, and securities fraud.
Ms. MacDonald has been a frequent speaker on accounting topics at national industry and professional conferences and other events. She holds an M.B.A in finance from American University and a B.A. in economics and management from Albion College. She is a certified public accountant and a former member of the Technical Standards Subcommittee of the AICPA Ethics Committee.
About FTI Consulting, Inc.
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,000 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring.
For more information about Linda A. MacDonald, and FTI Consulting, Inc., please visit: http://www.fticonsulting.com/web/
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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Therese Lumbao, Director
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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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