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Jeremy Potts, Manager, Deloitte & Touche to Speak at KC’s Event on Important New Guidance on Derivative Disclosures on 2/17/2009


New York, NY, December 14, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webinars announced today that Jeremy Potts, Manager of Deloitte & Touche, LLP will speak at the Knowledge Congress’ upcoming webinar entitled: “Important New Guidance on Derivative Disclosures – FAS 161 on all derivatives and FSP on Credit Derivatives”. This 2-hour event is scheduled on February 17, 2009, Tuesday, at 3:00 PM – 5:00 PM ET. (For further details of the event and an updated list of panelists, please visit:
http://www.knowledgecongress.org/event_2008_FAS133b.html)

The Financial Accounting Standards Board has issued new standards to serve as guidelines in improving the reporting process of derivative instruments and hedging activities. This will provide investors a clear view of a company’s cash flow statements and financial status. It will also provide a better understanding of fair value measurements of inactive financial assets. This may seem straight forward, however, the issues surrounding it could be complicated. Is your company geared for compliance? Awareness of what these standards are all about and what it can do to your business is very critical.

Be guided by experts in this two-hour Live webinar. Produced by The Knowledge Congress, a panel of experts will discuss the important aspects of these standards and their recommendations on how your company can best position itself to adapt to the new system.

About Jeremy Potts

Jeremy Potts has 6 years of experience at Deloitte & Touche, LLP; 3 years spent within the audit profession and, more recently, the last 3 years as part of the Complex Accounting and Valuation group within the Regulatory & Capital Markets Consulting practice.

Jeremy served in the Audit function for three years and his largest client during this time was a community bank, at which he oversaw the bank’s initial Sarbanes-Oxley Section 404 implementation and managed large components of the overall audit engagement. Since joining the Complex Accounting and Valuation and function within Regulatory & Capital Markets Consulting he has since focused significant amounts of his time on securitization transactions; including assisting clients in applying the detailed guidance within SFAS 140 for transfers of financial assets to REMIC and CDO structures and gaining detailed experience reviewing and helping clients implement a principles-based FIN 46(R) modeling and methodology framework. He also has significant experience assisting clients in applying the consolidation provisions of FIN 46(R) and EITF 04-5 to many different forms of entities, both within the financial services sector and outside of it.

At a mortgage banking enterprise, Jeremy worked reviewing the company’s accounting policy surrounding mortgage securitizations and structured transactions. He was a member of a team of Capital Markets professionals that reviewed multiple securitization transactions executed by the company for compliance with the QSPE requirements of SFAS 140 and whether such entities should be consolidated under the guidance in FIN 46(R).

Jeremy has worked with and assisted in formulating and drafting numerous principle-based accounting policies; such as the implementation of SFAS 155, SFAS 156, and SFAS 157, interest income and impairment recognition under EITF 99-20, detailed guidance on the accounting for Loans and the Allowance for Loan Losses, accounting for guarantees, and a policy on accounting for securities commitments. As one of the firm’s designated subject matter expert in Financial Instruments and Valuation, Jeremy also has significant experience in identifying and accounting for embedded as well as freestanding derivatives, and various hedging strategies under SFAS 133.

Education: B.S., Accounting, (University of Oregon); M.S., Accounting (University of Oregon)

About Deloitte & Touche LLP

“Deloitte” is the brand under which 165,000 dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management and tax services to selected clients.

In the US, Deloitte has 102 offices in 92 cites, and employs over 44,000 people, including almost 9,000 CPAs. We have earned praise from many organizations for fostering a supportive culture. We have been especially acknowledged for our dedication to women's advancement, diversity and inclusion, professional development and workplace flexibility.

For more information about Jeremy Potts, and Deloitte & Touche, please visit: www.deloitte.com

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: www.knowledgecongress.org.

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Contact Information
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
Contact
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org

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