The Knowledge Congress Has Scheduled a Live Webcast on Mitigating the Impact of International Financial Reporting Standards: A Practical Guide for U.S. Nonprofits

New York, NY, June 07, 2011 --(PR.com)-- The Knowledge Congress Has Scheduled a Live Webcast on Mitigating the Impact of International Financial Reporting Standards: A Practical Guide for U.S. Nonprofit Organizations.

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: “Mitigating the Impact of International Financial Reporting Standards: A Practical Guide for U.S. Nonprofit Organizations Live Webcast.” This two-hour event is scheduled on September 22, 2011 from 3:00 PM - 5:00 PM ET.

Event synopsis:

Financial Accounting Standards Board (FASB) and the International Accounting Standards Boards (IASB) have been working to establish "a single set of high-quality, international standards that companies worldwide can use for both domestic and cross-border financial reporting" under IFRS and US GAAP models.

One of the ongoing issues with regard to convergence concerns U.S. nonprofit organizations. Nonprofits expect significant changes in U.S. GAAP, which will impact their reporting requirements for years to come with valuation particularly with respect to Fair Value being key concerns. Many have seen market value erode as a result of economic free fall caused by the global recession. Although there is much uncertainty surrounding this issue – one thing remains clear - the convergence will definitely have a broad impact on nonprofit organizations.

The Knowledge Group is assembling a panel of experts to help your accountants, financial executives, and advisors understand how changes to US GAAP may impact nonprofits.

Joining this webcast will keep you in the know with respect to understanding the impact of International Financial Reporting Standards on nonprofit organizations providing you with a solid foundation regarding this critical issue.

For event updates, please visit: http://knowledgecongress.org/event_2011_Mitigating_IFRS.html

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

The Knowledge Congress 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.

For more information, please visit: www.knowledgecongress.org.

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