The Knowledge Congress, the leading producer of regulatory-focused teleconferences and webinars has announced today that Charles C. (Chester) Abell, Jr., Director of Tax Accrual Services, Tax Accounting and Risk Advisory Services of Ernst & Young LLP will speak at the Knowledge Congress’ upcoming teleconference and webinar entitled: “FAS 109 & IAS 12 Explored”. The event is scheduled on July 23, 2008, Wednesday, at 1:00 PM - 3:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: (http://www.knowledgecongress.org/event_2008_FAS109.html)
The FASB, together with the IASB is working on a new regulation that would modify several income tax accounting rules. This would reconcile the distinctions between FAS 109 and IAS 12 resulting in improved accounting methods for income taxes of companies. An exposure draft is expected to be released in the second quarter of 2008. Companies are encouraged to take note of the amendments as they would serve as effective guidelines in the preparation of their financial statements.
The Knowledge Congress is producing a two-hour teleconference and webinar aiming to discuss the important aspects, as well as the impact of this joint undertaking to affected industries. Industry experts and government regulators are scheduled to speak at this event.
About Charles C. Abell, Jr.
Charles C. (Chester) Abell, Jr., is a leader in Ernst & Young LLP’s Tax Accounting and Risk Advisory Services group. As the Director of Tax Accrual Services, Chester is one of the firm’s leading authorities on Accounting for Income Taxes (SFAS 109) and on the tax aspects of Sarbanes-Oxley Section 404 (internal controls). He works closely with National Accounting to assist the firm’s clients and engagement teams in implementing today’s complex tax accounting principles. Chester also assisted in authoring the firm’s auditing guidance for income tax accounts.
Chester joined the firm in Louisville, Kentucky, in 1981. In August 1985, he transferred to Lexington, Kentucky, as Tax Director of that practice. He has served in a number of roles since then. Chester’s clients include some of the firm’s largest public companies, for whom he focuses on both tax provision and tax advisory services.
Chester graduated in 1975 from the University of Kentucky with a B.S. in Accounting and Mathematics. He is a certified public accountant licensed in the states of Kentucky and Ohio. Chester is a member of the American Institute of Certified Public Accountants, the Ohio Society of CPAs, and The Kentucky Society of Certified Public Accountants.
About Ernst & Young LLP
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, its 130,000 people are united by shared values and an unwavering commitment to quality. They make a difference by helping people, clients and wider communities achieve potential.
For more information about Charles C. Abell, Jr. and Ernst & Young LLP, please visit: www.ey.com
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.
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