Michael J. Grace, counsel in the Tax practice at Buchanan Ingersoll & Rooney's Washington, D.C., office, is slated to speak at the Knowledge Congress' upcoming teleconference and webinar titled "The Impact of IFRS: Getting Ready for the Major Change to Tax Operations." The event is scheduled for September 25, 2008, from 1 p.m. to 3 p.m. (EDT).
Since IFRS (International Financial Reporting Standards) have become widely accepted around the world, U.S. companies have been cognizant of the effects of a possible pending adoption. Among the issues concerning the transition from GAAP to IFRS are 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.
Grace is among the panelists scheduled to weigh-in on the issues.