The Knowledge Group
The Knowledge Group

Jon Tkach, Senior Manager, On-Call Advisory Services, Ernst & Young LLP to Speak at KC’s Event on EITF 07-5 on 2/5/2009

New York, NY, September 27, 2008 --( The Knowledge Congress, the leading producer of regulatory focused webcasts announced today Jon Tkach, Senior Manager, On-Call Advisory Services, Ernst & Young LLP will speak at the Knowledge Congress’ upcoming webcast entitled: “EITF 07-5 Untangled”. This 2-hour event is scheduled on February 5th, 2009, Thursday, at 12:00 PM - 2:00 PM ET. (For further details of the event and an updated list of panelists, please visit:

Recently, the Financial Accounting Standards Board released information regarding EITF 07-5 determining whether an instrument (or an embedded feature) is indexed to an entity’s own stock. Much of this regulatory activity has to do with dealing with uncertainties. Companies should become very familiar with this subject as it will have a broad impact on their financial reporting/accounting functions.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help understand EITF 07-5 and its impact on your firm and the broader market. The speakers will present their expert opinions in a two-hour Live webcast.

About Jon Tkach

Jon is a senior manager in Ernst & Young’s On-Call Advisory Services practice in New York. Jon has over eight years of experience advising a multitude of the Ernst & Young’s public and privately-held clients. Jon is currently focused on evaluating complex transactions involving highly structured financial instruments, derivatives and hedging accounting, securitization and structured finance, and consolidation issues in the context of due diligence, financial statement audits, and advisory services. Jon is also responsible for advising and educating structuring and marketing professionals at large financial institutions, investment banks, and private equity companies on the aforementioned accounting matters.

Jon is also active in monitoring the current developments of the FASB, EITF, and SEC. Jon actively participates with other senior members of Ernst & Young in advising International Swaps and Derivatives Association (ISDA), with the primary role of interpreting and commenting on U.S.-based accounting standards as well as international accounting standards. Jon recently assisted ISDA with the development and drafting thought leadership and alternative views that were presented during the EITF's working group meetings on EITF issue 07-5. Jon played a prominent role in drafting ISDA's comment letter on EITF Issue 07-5. Jon was also involved with discussing with the FASB staff and Ernst & Young’s National office certain alternative views contained in the EITF Issue Summary on 07-5.

Prior to joining the On-Call practice Jon supervised and managed financial statement and integrated audits as well as acted as an advisor to various multi-national public and privately held companies. Prior to joining Ernst & Young, Jon was a senior in Arthur Andersen’s audit practice in New York. Jon graduated from the University of Scranton in 1999 with a Bachelor’s of Science in Accounting (with a concentration in writing) and is a certified public accountant in the Commonwealth of Pennsylvania.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services and has over 130,000 professionals globally. Ernst & Young provides global services in four main areas: Assurance, Tax, Transactions and Advisory. Through these services, Ernst & Young helps retain the confidence of investors, manage risks, strengthen controls and achieve business goals.

For more information about Jon Tkach, and Ernst & Young, please visit:

About The Knowledge Congress

The Knowledge Congress is an organization that produces webcasts that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour Live webcasts to study the impact of changing regulations.” To contact or to register for an event, please visit:

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