TMA of Nevada
4075 South Durango Drive
suite 111 - pmb 82
Las Vegas, NV 89147
Financial Institutions in Crisis: Fair Value or Mark to Market Reporting: The Impact on Altering the Recovery of the Financial Services Industry
Date:
July 29th, 2009
Time:
5:30pm - 7:30pm
Location:
Ruth's Chris Steakhouse
3900 Paradise Road
Las Vegas, NV 89101
Ample parking in the back
Overview:
"Is it possible an accounting rule that requires banks and other financial companies to write down the value of certain investments to "fair value" is causing financial institutions to fold?"
This was the issue presented and discussed in a Forbes.com article written on April 21, 2009 by Audit Principal, Patrick F. Gannon of Kaufman, Rossin & Co. (Click Here to Read). His question serves as this evening's topic of discussion.
Please join us as our distinguished panel of experts weigh in on whether an accounting rule caused havoc in the financial markets or did it go beyond to what the SEC's 2008 findings stated; that bank failures in 2008 were a product of the decisions made in selecting a bank's chosen portfolio of assets, the latitude given in assessing the value of some of those assets, credit losses and deterioration of lender and consumer confidence. Points will further cover:
The Mis-Pricing of Risk
Assessing the Market Impact of Past and Current Interpretations of Mark to Market
Goodwill Impairment
The Impact of the Accounting Rule on Nevada's Economy and Specifically the Value of Local Banks and Consolidation of the Local banking Industry.
OUR DISTINGUISHED PANEL:
Curt Anderson:
Co-Founder and CEO of the Nevada-based CPA & Business Advisory firm of Fair, Anderson & Langerman: http://www.falcpa.com/About/team/
To receive the student discount please put in the promo code "student" when registering. You will be required to present a valid student ID at the door of the event.
Early bird discounts are available. Register at least 5 days in advance to get a $5 discount off registration.
MORE THAN 7 DAYS BEFORE EVENT: Event registration(s) may be cancelled provided notice of cancellation is sent in writing to us by using filling out our contact form (choose "RSVP Change Notice") and received more than 7 calendar days before the Event. If cancellation is so received, a refund of any amount paid will be paid within 30 days after the Event. In lieu of cancellation, registration may be transferred to any other similar TMA NV Event held within twelve (12) months of the date of the original Event.
LESS THAN 7 DAYS BEFORE EVENT: Cancellations may not be made -- nor refunds issued. However, any registration may be transferred to any other employee or member of the same company or organization of the original registrant.
FAILURE TO ATTEND: Refunds or transfers may not be issued to any registrant who fails to attend a Event.