Barry M. Pelagatti, Partner, ParenteBeard LLC to Speak at KCís Understanding FASBís Proposed Credit Impairment Model Live Webcast
New York, NY, March 20, 2013 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced that Barry M. Pelagatti, Partner, ParenteBeard LLC will speak at the Knowledge Congress’ webcast entitled: “Understanding FASB’s Proposed Credit Impairment Model LIVE Webcast.” This event is scheduled on April 23, 2013 from 12:00 PM to 2:00 PM ET.
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After considering feedback from US investors on the "three-bucket" credit impairment approach, FASB introduces its new impairment model referred to as the Current Expected Credit Losses (CECL) model. This program will address significant matters in relation to the propose model, including: (1) understanding the features of the model specifically its advantages and disadvantages; (2) how the model differs from three-bucket model; (3) What are its potential impact to industry's balance sheets; (4) What are the necessary advance preparations.
Log into this live webcast as a panel of key thought leaders provides a comprehensive overview of CECL model along with its benefits and challenges. The panel will also be available to answer questions for participants.
About Barry M. Pelagatti
Barry is a member of ParenteBeard LLC’s Board of Directors. He is a Financial Services partner in the Audit and Accounting Services Group and is located in the firm’s Philadelphia Region.
Barry is a certified public accountant with more than 19 years of experience. Specifically, his responsibilities include financial statement review, consultation on complex accounting and reporting matters, including mergers and acquisitions, capital market transactions and SEC reporting requirements. Barry has developed programs that advise clients on improving overall operating efficiency and reporting practices with regard to Section 404 of the Sarbanes-Oxley Act and SEC reporting requirements.
Barry is also a member of the AIPCA’s Depository Institutions Expert Panel.
ParenteBeard LLC is ranked among the top 25 accounting firms in the U.S. With over 1,000 professionals, the firm is a leader in providing CPA and business advisory services to SEC registrants, nonprofits, middle market companies and small businesses. The Firm’s experienced financial services executives serve over 200 clients in the financial services industry. Their clients range in size from de novo banks to institutions with total assets in excess of $15 billion, of which approximately 40 are publicly held. We provide our clients with extensive knowledge of banking operations and regulations and industry specific audit and tax expertise. As an independent member of Baker Tilly International, ParenteBeard is proud to provide the highest level of service to clients nationally and internationally.
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. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.
The organization brings together the world's leading authorities and industry participants through informative two-hour webcasts to study the impact of changes and emerging trends. Hear from leading government officials/regulators, key thought leaders, and industry experts objectively analyze the latest trends and issues and their impact on industries. For further details, please visit the organization’s website: www.knowledgecongress.org.