Michael Kraehnke, Partner, DPP, KPMG LLP to Speak at KC’s Tectonic Shift in Accounting & Financial Reporting Coming: Are you ready? Live Webcast

New York, NY, March 09, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Michael Kraehnke, Partner, Department of Professional Practice, KPMG LLP will speak at the Knowledge Congress’ webcast entitled: “Tectonic Shift in Accounting & Financial Reporting Coming: Are you ready? LIVE Webcast.” This event is scheduled on May 23, 2011 from 3:00pm to 5:00pm. For more information, please visit: http://www.knowledgecongress.org/event_2011_tectonicShift.html.

Event Synopsis:

The FASB and the IASB have recently revised their convergence timeline & big changes are on the way. This Knowledge Group Live webcast aims to help you understand & implement the changes at your firm and, if applicable, for your clients.

It will focus on the Boards' highest priority convergence projects targeting completion by June 30, 2011, including:

- Accounting for Financial Instruments
- Revenue Recognition
- Leases
- Insurance Contracts
- Up-to-the minute regulatory changes

About Michael Kraehnke

Michael is a Partner in the Department of Professional Practice (DPP)—Audit with KPMG. In this capacity, he is a U.S. GAAP and IFRS resource. He monitors the activities of the International Accounting Standards Board (IASB) and other standard setters. Additionally, Michael consults with engagement teams on complex accounting and SEC matters, develops interpretive guidance for publication in KPMG’s professional accounting literature, and designs and presents technical training through webcasts and live conferences for internal and external audiences.

Michael has assisted in the development of numerous KPMG publications and articles. Michael is a frequent speaker at accounting update presentations for KPMG clients and other external organizations. He often presents on KPMG’s IFRS Institute webcasts and has been a panelist at a number of industry and professional organization conferences, including the Edison Electric Institute/ American Gas Association Accounting Leadership Conference, American Accounting Association Northeast Region Annual Meeting and AICPA Controllers Workshop East.

From 2008 – 2010, Michael was a practice fellow at the IASB in London, United Kingdom. During his tenure at the IASB, Michael was responsible for addressing a wide range of IFRS implementation issues and performing outreach activities on behalf of the IASB. Michael also led various standard-setting projects including Rate-regulated Activities, Annual Improvements, Classification of Rights Issues and Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters and a number of IFRS Interpretations Committee (“IFRIC”) issues.

About KPMG LLP

KPMG LLP, the audit, tax and advisory firm, is the U.S. member firm of KPMG International. KPMG International’s member firms have 138,000 professionals, including more than 7,900 partners, in 150 countries.

For more information about Michael Kraehnke, please visit: www.kpmginstitutes.com/events/speakers and for more information about KPMG LLP please visit: www.kpmg.com.

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars 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. To contact or register to an event, please visit: www.knowledgecongress.org.

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