The Knowledge Group
The Knowledge Group

Richard Hitt, Jr., Navigant Capital Advisors to Speak at KC’s Event on Statement 157 Fair Value Accounting for Non Profits on 11/24/2008

New York, NY, October 15, 2008 --( The Knowledge Congress, the leading producer of regulatory focused webinars announced today that Richard Hitt, Jr., Managing Director & Nation Practice Leader, Valuation Services of Navigant Capital Advisors will speak at the Knowledge Congress’ upcoming webinar entitled: “Statement 157 Fair Value Accounting for Non Profits”. This 2-hour event is scheduled on Monday, November 24, 2008 at 1:00 PM - 3:00 PM ET. (For further details of the event and an updated list of panelists, please visit:

Introduced in September 2006 for public companies, FAS No. 157 helped to more clearly define measuring fair value in GAAP and has also expanded fair value measurement disclosures. Recently, adoption in implementation of Statement No. 157 is starting to become a significant accounting issue for non-profit entities - and is on the radar of most in this sector.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help understand Statement No 157 for non-profits and its impact on the broader market. The speakers will present their expert opinions in a two-hour Live Webinar.

About Richard Hitt, Jr.

Richard D. Hitt is a Managing Director in the Corporate Finance practice of Navigant Consulting, Inc. and is responsible for the Financial Services Group. Mr. Hitt has provided valuation and financial advisory assistance to the financial services industry for more than 20 years. During that time, he has performed hundreds of valuations for financial services companies, including banks, thrifts, leasing companies, insurance companies, insurance agencies, investment advisors, mortgage companies, mutual fund complexes, broker-dealers and other types of securities firms, trust companies, and other financial services firms.

His valuation experience includes the valuation of equity interests, intangible assets, and financial instruments. These valuations have been performed in connection with mergers, acquisitions, divestitures, employee stock ownership plans, litigation, tax and financial reporting purposes (including SFAS 141 and 142). In addition, Mr. Hitt has advised numerous community banks on shareholder value issues. His financial advisory experience includes buy and sell-side advisory in banking, mortgage banking, insurance brokerage and professional services firms.

About Navigant Capital Advisors

Navigant Capital Advisors ("NCA") is the dedicated corporate finance business unit of Navigant Consulting, Inc. NCA serves the middle market Investment Banking, Restructuring, Valuation, and Transaction Advisory needs of companies, private equity groups, lenders, and other creditor constituencies.

With over 100 dedicated and experienced finance professionals nationwide, NCA advises on mergers, acquisitions, and divestitures; arranges private placements of debt and equity; and, provides a full range of corporate finance services in any industry.

For more information about Richard Hitt, Jr. and Navigant Capital Advisors, please visit:

About The Knowledge Congress

The Knowledge Congress is an organization that produces webinars 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 webinars to study the impact of changing regulations.” To contact or to register for an event, please visit:

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