Karen L. Wiltsie, Partner, Accounting Standards and Communications, Deloitte to Speak at the Knowledge Congress' Event on SFAS 158 on December 7, 2007
New York, NY, November 22, 2007 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Karen L. Wiltsie, Partner, Accounting Standards and Communications at Deloitte will speak at the Knowledge Congress’ upcoming teleconference entitled: “Statement 158 Pension & Postretirement Accounting”. This 2-hour event is scheduled for December 7, 2007, Friday, at 1:00 PM - 3:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/events.htm)
In September 2006, the FASB issued FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. This new standard requires plan sponsors to:
Recognize the overfunded/underfunded status of a benefit plan on the employer’s balance sheet
Measure a plan’s assets and obligation as of the end of the employer's fiscal year
The deadline for recognizing the funded status in the financial statements was effective as of the end of the fiscal year ending after December 15, 2006 for public companies and at the end of the fiscal year ending after June 15, 2007 for all other companies. The use of fiscal year end as the measurement date is required for fiscal years ending after December 15, 2007.
The Knowledge Congress has assembled a panel of widely distinguished experts and industry thought leaders to help companies understand the new accounting rule. The panel will present their findings, which includes best practices, in a live two-hour teleconference.
About Karen L. Wiltsie
Karen Wiltsie is a partner in Deloitte & Touche LLP’s National Office Accounting Standards and Communications Group. In this role, Karen is involved in the accounting standards setting process and develops communications to accounting professionals concerning interpretations of accounting standards. Prior to working in National Office, Karen was an audit partner in the Detroit office, and served as the accounting and auditing professional practice director for the firm’s Michigan offices, with responsibility for quality assurance, risk management and related professional practice matters.
She received her bachelor’s and MBA degrees from the University of Michigan, and is the recipient of the William A. Paton Award from the Michigan Association of CPAs for the highest score in Michigan on the CPA exam. Past affiliations include: past chair of the Michigan Association of CPAs, member of the AICPA’s governing council and one of Detroit’s 100 Most Influential Women by Crain’s Detroit Business.
About Deloitte
As used in this document, ‘Deloitte’ means Deloitte & Touche LLP, a subsidiary of Deloitte & Touche USA LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte & Touche USA LLP and its subsidiaries.
For more information about Ms. Karen L. Wiltsie and Deloitte & Touche LLP, please visit: http://www.deloitte.com/
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact or to register to an event, please visit: www.knowledgecongress.org.
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In September 2006, the FASB issued FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. This new standard requires plan sponsors to:
Recognize the overfunded/underfunded status of a benefit plan on the employer’s balance sheet
Measure a plan’s assets and obligation as of the end of the employer's fiscal year
The deadline for recognizing the funded status in the financial statements was effective as of the end of the fiscal year ending after December 15, 2006 for public companies and at the end of the fiscal year ending after June 15, 2007 for all other companies. The use of fiscal year end as the measurement date is required for fiscal years ending after December 15, 2007.
The Knowledge Congress has assembled a panel of widely distinguished experts and industry thought leaders to help companies understand the new accounting rule. The panel will present their findings, which includes best practices, in a live two-hour teleconference.
About Karen L. Wiltsie
Karen Wiltsie is a partner in Deloitte & Touche LLP’s National Office Accounting Standards and Communications Group. In this role, Karen is involved in the accounting standards setting process and develops communications to accounting professionals concerning interpretations of accounting standards. Prior to working in National Office, Karen was an audit partner in the Detroit office, and served as the accounting and auditing professional practice director for the firm’s Michigan offices, with responsibility for quality assurance, risk management and related professional practice matters.
She received her bachelor’s and MBA degrees from the University of Michigan, and is the recipient of the William A. Paton Award from the Michigan Association of CPAs for the highest score in Michigan on the CPA exam. Past affiliations include: past chair of the Michigan Association of CPAs, member of the AICPA’s governing council and one of Detroit’s 100 Most Influential Women by Crain’s Detroit Business.
About Deloitte
As used in this document, ‘Deloitte’ means Deloitte & Touche LLP, a subsidiary of Deloitte & Touche USA LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte & Touche USA LLP and its subsidiaries.
For more information about Ms. Karen L. Wiltsie and Deloitte & Touche LLP, please visit: http://www.deloitte.com/
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact or to register to an event, please visit: www.knowledgecongress.org.
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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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