The Knowledge Congress Has Scheduled a Live Webcast on Adopting IFRS: Implications on Private Companies
One of the ongoing debates is how do we get to a single set of international accounting principles under which all companies report their finances? Most of Europe and 100 other countries around the world have already adopted IFRS or a jurisdictional adaptation of IFRS. Right now US public companies and most private companies are still reporting under US GAAP standards.
New York, NY, February 16, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: “Adopting IFRS: Implications on Private Companies”. This two-hour event is scheduled on March 23, 2011 at 12:00 PM - 2:00 PM ET.
Event synopsis:
One of the ongoing debates is how do we get to a single set of international accounting principles under which all companies report their finances? Most of Europe and 100 other countries around the world have already adopted IFRS or a jurisdictional adaptation of IFRS. Right now US public companies and most private companies are still reporting under US GAAP standards. Convergence has been a long and difficult process for a number of reasons, but the move to IFRS may entail a move away from the “prescriptive guidance” that generally exists under US GAAP. Most of the activity surrounding IFRS has focused on publicly traded companies though privately held companies need to take a serious look at how IFRS is going to impact their firms. Many have speculated that IFRS will be a game changer for the private sector as it could fundamentally alter how they report their financial results. Private companies who are owned by a foreign entity currently reporting under IFRS or significant investor using IFRS may find themselves having to prepare financial information in accordance with IFRS.
Speakers/Faculty Panel
Paul Munter, Partner, Department of Professional Practice, KPMG LLP
Wendy Hambleton, Partner and Director, National SEC Department, BDO USA LLP
Mark T. Fitzpatrick, Partner, Moss Adams LLP
For event updates, please visit: http://knowledgecongress.org/event_2011_AdoptingIFRS.html.
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.
Visit www.knowledgecongress.org for further information and inquiry.
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Event synopsis:
One of the ongoing debates is how do we get to a single set of international accounting principles under which all companies report their finances? Most of Europe and 100 other countries around the world have already adopted IFRS or a jurisdictional adaptation of IFRS. Right now US public companies and most private companies are still reporting under US GAAP standards. Convergence has been a long and difficult process for a number of reasons, but the move to IFRS may entail a move away from the “prescriptive guidance” that generally exists under US GAAP. Most of the activity surrounding IFRS has focused on publicly traded companies though privately held companies need to take a serious look at how IFRS is going to impact their firms. Many have speculated that IFRS will be a game changer for the private sector as it could fundamentally alter how they report their financial results. Private companies who are owned by a foreign entity currently reporting under IFRS or significant investor using IFRS may find themselves having to prepare financial information in accordance with IFRS.
Speakers/Faculty Panel
Paul Munter, Partner, Department of Professional Practice, KPMG LLP
Wendy Hambleton, Partner and Director, National SEC Department, BDO USA LLP
Mark T. Fitzpatrick, Partner, Moss Adams LLP
For event updates, please visit: http://knowledgecongress.org/event_2011_AdoptingIFRS.html.
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.
Visit www.knowledgecongress.org for further information and inquiry.
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Contact
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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