John R. McGrath, Managing Director / Forensic & Litigation Consulting, FTI to Speak at KC’s Event on Significant Changes to Income Tax Accounting and IFRS 09/08/09

New York, NY, August 01, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts has announced today that John R. McGrath, Managing Director / Forensic & Litigation Consulting of FTI will speak at the Knowledge Congress’ webcast entitled: “Significant Changes to Income Tax Accounting and IFRS”. This event is scheduled for September 08, at 12:00 PM - 2:00 PM EDT. (For further details, please visit: http://knowledgecongress.org/event_2009_Income.html)

Event Synopsis:

IASB & FASB have been working to iron out the many subtle yet significant differences between income tax accounting rules under US GAAP and IFRS models. Recently, an exposure draft was issued which aims to address the key provisions including: tax basis, uncertain tax positions, deferred taxes on recognition of assets and liabilities, subsidiaries and investments, intraperiod allocation, presentation and distributions.

The Knowledge Group has assembled a panel of key thought leaders and regulators to help financial/tax executives understand all the important issues with respect to this important topic. This live webcast is a must attend for all financial/tax executives who need to be in the know with respect to income tax accounting and IFRS.

About John R. McGrath

Mr. McGrath is a managing director in the FTI Forensic and Litigation Consulting segment. He provides litigation support, expert testimony and advisory services in connection with forensic accounting investigations, partnership and shareholder disputes, mergers, acquisitions and divestitures, tax compliance and litigation matters. He is an experienced professional in matters involving generally accepted accounting principles (GAAP) and generally accepted auditing standards (GAAS). Mr. McGrath has extensive experience with FAS 109 Accounting for Income Taxes and has represented Big 4 accounting firms, corporate clients and legal counsel in SEC investigations and due diligence disputes with respect to the application of FAS 109.

Dual qualified as both an audit and tax partner, he retired as managing partner of the Syracuse, NY office of Ernst & Young. Over 30 years international Big Four experience representing both public and privately held clients in a broad range of industries. A representative list of industries served by Mr. McGrath includes manufacturing (diagnostic medical equipment, machine tools, aircraft, electric lift trucks, pharmaceuticals, brewery, theatrical stage equipment, telephone switching equipment, nutrition bars, stoves and pipes, injection molded plastics and pollution control equipment), retail (drugstore chain, grocery store chain and department stores), services (national payroll processing firm, international chain of resort hotels, casinos and time-share projects, commercial printers and a multi-state chain of TV, radio and 175 newspapers), distribution (electronics equipment and printing equipment and supplies), construction contractors, international engineering firms and a freight and passenger railroad.

Mr. McGrath has extensive experience in adversarial proceedings involving contractual disputes, accounting irregularities, fraud, due diligence reviews, embezzlement, damage claims, divorce and business valuation. Retained as an expert witness in a wide range of matters testifying in both Federal and state courts, he has also represented numerous clients in IRS and New York State Appellate Conferences pertaining to corporate, individual and gift and estate tax matters.

Mr. McGrath received a B.B.A in Accounting from LeMoyne College and completed second level in house Graduate Tax Program at Ernst & Young. He is a certified public accountant. He is a member of the American Institute of Certified Public Accountants, New York State Society of Certified Public Accountants and Virginia Society of Certified Public Accountants.

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 John R. McGrath, and FTI Consulting, Inc., please visit: http://www.fticonsulting.com/en_us/Pages/default.aspx

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.” To contact or to register to an event, please visit: www.knowledgecongress.org.

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