New York, NY, July 26, 2008 --(PR.com
)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences and webinars has announced today that Michael J. Grace, JD, CPA, Counsel, Buchanan Ingersoll & Rooney PC; Leader, Client Service Team, Accounting Policy and Practice Series (BNA Tax and Accounting) will speak at the Knowledge Congress’ upcoming teleconference and webinar entitled: “The impact of IFRS: Getting Ready for the Major Change to Tax Operations”. The event is scheduled on September 25, 2008, Thursday, at 1:00 PM - 3:00 PM EDT. (For further details and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2008_IFRS.html)
Since IFRS have become widely accepted around the world, U.S. companies have been cognizant on the effects of a possible pending adoption. Among these are issues concerning the transition from GAAP to IFRS, tax reporting, tax accounting, and other matters pertaining to an organization’s financial reporting system. The question that arises now is, are U.S. companies ready to adopt these standards? And more importantly how would this scenario play out.
The Knowledge Congress is assembling a panel of distinguished experts and key regulators to help make this clear to all auditing firms and other related companies affected by this newly adopted standard. The panel will present their findings, which will include “Best Practices” in a two-hour teleconference and webinar.
About Michael J. Grace
Michael J. Grace advises clients on a broad range of federal, international and state tax matters, including joint ventures, strategic alliances and investments, mergers and acquisitions and international transactions. Through service in government and transactional work, Michael has attained a national reputation for expertise in taxation of partnerships, limited liability companies, other passthrough entities, and their owners.
Michael is credentialed as both a JD and a CPA. In recent years, Michael has advised clients on financial accounting issues including their intersection with taxation. He leads a client service team working with BNA Tax Management, Inc., on the publisher's Accounting Policy and Practice Series of portfolios and associated publications, launched in autumn 2006. Published titles include "Accounting for Income Taxes: FAS 109."
In the 1980s, Michael served as a senior attorney advisor in the IRS Office of Chief Counsel, Legislation and Regulations Division and Office of Associate Chief Counsel (Passthroughs and Special Industries). There, he represented the IRS on Capitol Hill in developing cornerstones of the Tax Reform Act of 1986 including the limitations on passive activity losses and credits. He then served as principal author of substantial regulations and other administrative interpretations of the legislation. After returning to private practice, Michael successfully represented the taxpayer in Glick v. United States, 96 F.Supp.2d 850 (S.D. Ind. 2000), a groundbreaking case in determining separate "activities" under Internal Revenue Code Section 469.
Before pursuing his law degree, Michael practiced accounting in Illinois. He frequently speaks and moderates panels at tax and accounting conferences, including the Annual Conference on Federal Taxation of Real Estate at New York University and the annual Real Estate Conference sponsored by the Illinois CPA Society and Foundation. He has also participated as a Seminar Leader in the Annual Partnership, LLC and S Corporation Tax Planning Forum (CCH). In June 2008, Michael lead a panel on International Financial Reporting Standards (IFRS) for Financial Executives International (FEI).
About Buchanan Ingersoll & Rooney PC
Buchanan Ingersoll & Rooney PC has more than 500 attorneys and government relations professionals practicing throughout the United States, with offices in Washington, D.C., Alexandria, New York, Philadelphia, Pittsburgh, Harrisburg, Miami, Aventura, Tampa, Wilmington, Princeton, Newark, San Diego, Temecula and Silicon Valley. In California, the firm is known as Buchanan Ingersoll & Rooney LLP.
Buchanan's attorneys have experience in industries that include entertainment and media, pharmaceuticals and biomedicine, nanotechnology, financial institutions, construction, franchise and real estate. Within these and other industries, Buchanan attorneys focus on more than 65 practice areas including Corporate Finance, Litigation, Intellectual Property, Tax, Government Relations, Health Care and Labor & Employment. The firm serves national and international clients that include Fortune 500 corporations, start-ups, technology companies and financial institutions.
For more information about Michael J. Grace and Buchanan Ingersoll & Rooney, please visit: http://www.bipc.com/home.php
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences and 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 teleconferences and webinars to study the impact of changing regulations.” To contact or to register for an event, please visit: www.knowledgecongress.org.