As more projects become ready for construction, public awareness of offshore wind in Germany is growing and is increasingly perceived as an established industry. Nonetheless, closer analysis of the market reveals that many offshore wind projects fail to reach the significant milestones necessary to obtain investment approval or financial close as a prerequisite to starting construction. For this reason, further delays to the expansion of offshore wind projects are probable.

This Webcast will provide analysis and guidance on the framework and status of the German offshore wind market and address the most significant obstacles to implement projects. 

Discussion topics will include:

• Introduction of offshore wind in Europe
• Financing offshore wind
• Tax aspects of offshore wind investments
• Legal aspects of offshore wind investments

Discussion topics will include:

• Legislative recap and outlook
• Bonus depreciation - opportunities and pitfalls
• Notice 2010-92: Foreign Tax Credit Guidance under Section 909
• Tax update for oil and gas states

Discussion topics will include:

• Legislative update
• Federal tax update (Schedule UTP, accounting methods, and bonus depreciation)
• State and local tax update; industry issues

Discussion topics will include:

• The vision of the smart grid
• The reality of the smart grid
• Recognizing opportunities for smart grid project improvement
• Successfully executing smart grid opportunities

Discussion topics will include:

• The credit risks facing utilities
• The implications of these risks
• Leading practices to address these risks
• How utilities can prepare for the future

Investors are demanding greater returns, regulators are demanding more transparency and accountability, and lenders have no appetite for risk and are demanding stronger controls and improved risk management and reporting. You may be asking the question, "How can we improve the likelihood of success in this difficult environment?"

During this Webcast, Geno Armstrong, Global Leader, Major Projects Advisory, and Clay Gilge, Managing Director, Major Projects Advisory, address the challenges of managing construction projects in the current market. They highlight four key areas of focus for risk management and controls, and also address some of the approaches currently taken by energy companies specific to nuclear, fossil generation, alternative fuels, and transmission projects.

Discussion topics include:

• Historical recap - how did we get here?
• Current market overview - what can we expect in 2011 and beyond?
• What does this mean from a risk management & controls perspective, and how can we improve performance?

We are pleased to be joined by Peter O'Rourke, senior advisor to the executive director, Loan Program Office, U.S. Department of Energy (DOE). Peter will provide timely insight into DOE's 1703 and 1705 Loan Guarantee Programs that cover the renewable energy, nuclear power, and other sectors.

Discussion topics will also include:

• DOE Loan Guarantee Program: What Now?
• Cleantech Investments: Summary of Latest Investment Data
• The New Bonus Depreciation Program: The IRS Issues Its Guidance

During this webcast, discussion topics will include:

• Workforce management issues and challenges
• Examples of what utilities have experienced and how they've responded
• Talent management considerations
• Cross-industry leading practices

• Current Oil & Gas Tax Issues
• International Tax update
• Hot Topics in State and Local Tax

• Current Oil & Gas Tax Issues
• International Tax update
• Hot Topics in State and Local Tax

During this webcast, discussion topics will include:

• Bonus Depreciation Guidance
• Dominion Resources case on Section 263A
• State and Local Tax - Industry Issues

We are pleased to announce that we will be joined by Satnam Tumani, head of Bribery & Corruption Business Area, Serious Fraud Office (SFO), London, England. Tumani will provide timely insight into UK Bribery Act Guidance recently released by the UK Ministry of Justice along with recently published prosecution guidelines.

During this webcast, the panel will discuss:

• The UK Ministry of Justice guidance related to the UK Bribery Act 2010
• The joint prosecution guidance of the SFO and Crown Prosecution Service
• Anti-bribery and corruption compliance benchmarking

Discussion topics will include:

• Cloud economics and the cloud business case - determining cost vs. speed, flexibility, and capacity. The value proposition for global enterprises vs. smaller companies.
• Financial engineering, demand planning, and cost management - integrating cloud services into traditional IT demand planning, request to pay, and cost control processes.
• Security and risk architecture - challenges of incorporating cloud services into traditional hosting and storage architectures.
• Sourcing and contracting - tax implications, safe harbor policies, service level and KPIs, license to work model risk.

Discussion topics will include:

• Results of "Green power: 2011 KPMG renewable energy M&A report" and the changes and trends in the renewable energy sector.
• Current business impacts of climate change regulation in the U.S.

Discussion topics will include:

• Federal Renewable Energy Program - strategies for beginning construction
• Federal tax update - rate regulated issues
• State and local tax - industry issues

Don and Bryan will discuss the complexity of the supplier contract environment and how to manage the associated risks.

During this webcast, discussion topics will include:

• Benefits of contracts with suppliers
• Supplier review program - purpose and objectives
• Strategic selection - opportunities and risks

This broadcast will be moderated by KPMG LLP (U.S.) National Smart Grid leader Ron Clanton. Joining Ron from KPMG LLP (U.S.) will be David DesLauriers, Advisory Services senior manager; Stephen Doroff, Advisory Services director; and Shane Hendricks, Advisory Services senior manager.

Discussion topics will include:

• Impact of dynamic pricing and associated challenges and trends
• Demand response and the implications for dynamic pricing
• Addressing program risks associated with dynamic pricing

The broadcast will be moderated by Cathy Lewis, U.S. national sector leader for Power and Utilities. Joining Cathy on the panel from KPMG in the United States will be Federal Tax Partner Rod Anderson and Washington National Tax Partner Carol Conjura.

The discussion will focus on accounting methods and specifically the new safe harbor for determining whether expenditures to maintain, replace, or improve electric transmission and distribution property are capitalized improvements versus deducted as repairs, including transition issues for adopting the safe harbor method - Rev. Proc. 2011-43.

Joining John on the panel is Martin Schmidt, partner, KPMG LLP (U.S.) Economic & Valuation Services; Katherine Blue, managing director, KPMG LLP (U.S.) Energy Sustainability practice; and Katherine Breaks, managing director, KPMG LLP (U.S.) Washington National Tax practice.

Discussion topics will include:

• New environmental regulations - Risks and rewards for power and utility companies
• Section 1603, Federal Renewable Energy Grant program - Strategies for beginning construction

Discussion topics will include:

• The road to CIP compliance
• Sustainable compliance
• Challenges, better practices
• Project case study
• Compliance performance measurement 

Joining Wayne on the KPMG global panel is Steve Estes, partner, KPMG in the United States; Garcia Nestor, partner, KPMG in Argentina; Marcin Rudnicki, partner, KPMG in Poland; and Brent Steedman, partner, KPMG in Australia.

During this webcast, discussion topics will include:

• The Americas' Perspective
• The European Perspective
• The Asia-Pacific Perspective

Using web-based access to corporate intelligence research and reporting can provide organizations more cost efficient and timely access to information which can be readily reviewed internally by legal, compliance, or risk leaders to support improved business decision-making speed.

During this webcast, discussion topics will include:

• How increased regulatory scrutiny and global transactions are driving the need for improving access to quality data for due diligence information to assess risks associated with third parties
• Available data resources that should be utilized in corporate intelligence initiatives
• Adding value through iterative research and applying targeted search strategies

Findings presented provided a holistic and broad-ranging view of Cloud market trends including quantitative and qualitative gauges on the current and projected state of the Cloud market.

What makes KPMG's Cloud Pulse Survey data different from that presented in the press, from analyst firms, from industry conferences and the like? No hearsay, no third-party data. You'll gain 'on-the-streets' insights into Cloud Computing in a manner that can help you achieve greater success.

Presenters:

Bryan Cruickshank, global IT Advisory leader, Management Consulting

Rick Wright, principal, Advisory, global cloud enablement leader

Steve Salmon, principal, Advisory, global Cloud Center of Excellence lead

Stephen Hasty, Jr., global IT Advisory leader, Risk Consulting

Stan Lepeak, director, global research, Management Consulting

Listen to the webcast recording.

During the webcast, the KPMG global panel will also provide an update regarding the EU Emissions Trading Scheme (Phase 3) and Australia's new carbon tax. The discussion will include a comparison and contrast against AB32 and future perspective on global trends with carbon and energy regulation. 

The broadcast will be moderated by Cathy Lewis, national sector leader, KPMG in the United States for Power and Utilities. Joining Cathy on the panel from KPMG in the United States will be Washington National Tax Partner Carol Conjura and Federal Tax Director Mike McGoldrick.

Discussion topics will include:

• Review of new repair regulations for electric transmission & distribution property
• New tax efficient structures to build infrastructure to transport and store newly developed shale gas reserves
  
  
  
  

This thought-provoking webcast will explore the nature of the cloud in capital projects, key vs. perceived risk elements and how other industries are innovating in their most critical investments.

This session will focus specifically on merger and acquisition activity in the shale gas industry.  Some of the topics discussed will include:

• Inbound vs. outbound transactions
• Issues relating to doing a transaction
• Regulation and "permissions needed"
• What companies need to be aware of

The broadcast will be moderated by KPMG LLP Global Oil and Gas leader Wayne Chodzicki and will include Brandon Beard, partner KPMG LLP (U.S.) and other select U.S. lead partners within the KPMG Transactions and Restructuring practice.

The broadcast will be moderated by KPMG LLP (U.S.) National Smart Grid leader Ron Clanton. Joining Ron from KPMG LLP (U.S.) will be Todd Durocher, managing director, Advisory services, and Shane Hendricks, senior manager, IT Enabled Transformation.

Discussion topics will include:

• Current status on smart grid projects
• Lessons learned?
• Biggest challenges and future hurdles

The panel discussion will be led by Eric Lucas, former U.S. Treasury Department official and a key architect of the Repair Regulations.  Mr. Lucas, who recently joined KPMG's Washington National Tax practice, will be joined by leading capitalization experts from KPMG's Washington National Tax practice: Lynn Afeman, James Atkinson, and Carol Conjura.

During the webcast, panelists will discuss the new regulations in detail, including:

• Background, intended scope, and application of the new Repair Regulations
• New capitalization standards, including special safe harbors and de minimis rules
• Industry specific guidance
• Effective dates, transition rules, and potential change in accounting method procedures
• The practical impact of these changes and their potential effect  on pending IRS audits
• Next steps

This Webcast includes discussion of the agreement's impact to businesses from a risk, opportunity, regulatory, and marketplace perspective.

The panel will provide a more detailed discussion on the impacts and opportunities for businesses, including opportunities for process improvement, cost optimization, innovation, and growth that can help to respond to increasing consumer demand and generate a competitive business edge.

This 60-minute Webcast focuses on what the new legislation means for healthcare systems and hospitals. It also describes how to prepare for key transformational issues such as:

• ICD-10 implementation
• States' formation of Health Information Exchanges
• Electronic health records (EHR)
• Computerized Prescriber Order-entry (CPOE) implementation

The issuance of the FASB exposure draft on Accounting for Financial Instruments made it clear that this may remain one of the areas with the most differences between the final standards of the two boards.

In this Webcast, KPMG partners discuss the approaches taken by the IASB and the FASB respectively related to the joint project on accounting for financial instruments.

On this Webcast, KPMG professionals will provide an overview of the IASB's standard setting activities with respect to the accounting for financial instruments, including:

• Classification and measurement of financial instruments under IFRS 9
• The Board's current thinking on impairment of financial assets and hedge accounting
• Possibilities for convergence between IFRS and U.S. GAAP in accounting for financial instruments.

On this Webcast, KPMG partners provide an overview regarding the accounting for income taxes, including uncertainty in income taxes and the tax effects of share-based payments.

The discussion in the webcast covers:

• The current requirements under IAS 12 Income Taxes
• A comparison to US-GAAP
• Potential upcoming changes to IAS 12

Tune in for the next Quarterly Audit Committee webcast, featuring a dialogue with The Home Depot's Chief Financial Officer and Executive Vice President Corporate Services, Carol B. Tomé, on the audit committee's interaction with the CFO.

How is the role of the CFO and finance function changing? And how can the audit committee and CFO best support each other and foster a healthy, effective relationship?

Hosted by KPMG's Audit Committee Institute and the National Association of Corporate Directors, this quarterly webcast will also provide timely updates on:

• Key financial reporting/accounting developments, including FASB projects and "hot button" issues
• Legislative/regulatory activities in Washington, including the status of SEC's Dodd-Frank rulemakings and other developments
• Upcoming programs, resources, and insights for audit committees and directors from KPMG's Audit Committee Institute

• Audit Committee Interaction with the Tax Director - Keys to effective oversight of tax, including communications and setting expectations, current enforcement trends, and prospects for federal tax reform. A dialogue with Henry C. Wolf, director at AGL Resources and Hertz Global Holdings, and Harry L. Gutman of KPMG's Federal Tax Legislative and Regulatory Services.
• PCAOB Activities and Financial Reporting Developments - an update on major PCAOB proposals related to mandatory audit firm rotation, changes to the auditor's reporting model, and communications with the audit committee, as well as key developments affecting financial statements and disclosures.
• Washington Update - Status of SEC's Dodd-Frank rulemaking and other legislative/regulatory developments.
• Audit Committee Institute Debrief - Insights and upcoming events for audit committee members and directors.

Launch the Webcast Replay

The issue focus of this quarter's webcast - part II of our series - is on IT risk, emerging technologies (including cloud computing), and the role of the CIO.

The webcast hosted by James P. Liddy, vice chair, Audit, KPMG, features H. Ray Bingham, director at Dice Holdings, Flextronics International, Oracle, Spansion, and STMicroelectronics; and Frank B. Modruson, chief information officer at Accenture.

The webcast includes an update on financial reporting and accounting issues; developments from Washington, D.C., including the status of the SEC's Dodd-Frank rulemaking; and a debrief from KPMG's Audit Committee Institute on recent and upcoming programs for audit committee members and directors.

You should know what your role could be in helping manage the health of the population you serve, the quality of care, and the costs.

Event Overview

This webcast "Is Your Organization Ready to Participate in Accountable Care?" offers practical advice for business leaders of healthcare systems, hospitals, payors, and their suppliers from three leading firms.

Please join EpsteinBeckerGreen, KPMG Healthcare, and The JHD Group for a multi-disciplinary perspective to help you determine your readiness to participate in some form of accountable care. Topics include key issues for:

• Legal
• Regulatory
• Finance
• Operations

The broadcast will also provide a 20-minute Q&A session. You can submit a question to be addressed here.

What do these government pronouncements mean for your organization?

Please join EpsteinBeckerGreen and KPMG for a 90 minutes session that will walk through the significant issues raised in the CMS and OIG regulations, the FTC and DOJ Proposed Statement and the IRS request for comments and provide a solid perspective on what your organization should immediately start thinking about.

The provision will impact a wide-range of functions and processes within companies from the finance and legal teams to the supply chain and procurement process to overall corporate sustainability. Because of the widespread use of these minerals, the SEC anticipates the proposed disclosures would affect as many as 6,000 issuers.

The SEC expects final rules to be issued by the fourth quarter of 2011, with the first reporting period anticipated for fiscal year ending after April 15, 2012.

This webcast addresses a summary of the proposed requirements in the Dodd-Frank Act, an overview of what companies are doing in response, and KPMG's recommended actions for companies to meet the requirements.

Established under Title XVII of the Energy Policy Act of 2005, the Secretary of Energy is authorized to make loan guarantees to qualified projects in the belief that accelerated commercial use of these new or improved technologies will help to sustain economic growth, yield environmental benefits, and produce a more stable and secure energy supply.

This Webcast was moderated by John Gimigliano, a principal in KPMG's Washington National Tax practice. The panel also included Jeremy Panacheril, who leads US Commercial Due Diligence to the cleantech and renewable energy market at KPMG LLP; and Gary Klein, who is a Partner in the Federal Affairs and Legislative Practice of DLA Piper.

The Webcast discussion includes:

• Fundamentals of the 1703 and 1705 solicitations
• Key financing considerations
• Application process, fees and timing
• DOE's acceptance criteria and weighting
• Pre-qualified lender program
• Approaches to differentiating your application

KPMG LLP, in cooperation with law firm Sidley Austin LLP, invites you to participate in our second webcast in a series of events/webcasts on the Dodd-Frank Act. Listen to a robust discussion on the impact of the Dodd-Frank Act and its broad implications for the alternative investment industry.

The Webcast also focuses on possible alternative operating models as well as the considerations that arise when companies modify and enhance their current Asian supply chain structures.

Read the summary of Webcast polling results.

Building a framework based on five fundamental elements can help an organization conduct effective fraud and misconduct risk assessments.

Tim Hedley, KPMG's National Service Line Leader for Fraud Risk, discusses these five fundamental elements in greater detail and shares his insights on building and implementing an effective fraud risk assessment.

Bob Cecil, Principal, Management Consulting

Rick Bertheaud, Principal, Management Consulting

Duration: one hour

Description: In late 2011, KPMG conducted a research effort reaching out to executives at leading organizations that have embraced and adopted an extended global enterprise model. The research identified leading practices in global shared services and examined organizational global shared services maturity utilizing a 23-point KPMG EGE maturity assessment framework. This webcast presents the stage one results of this research effort that will continue.

Key discussion highlights include the following:

• Defining the extended global enterprise model and framework
• Examining how leading global organizations are adopting and enhancing EGE to meet their specific business needs
• Introducing and defining the EGE maturity framework and its elements · Profiling the maturity of leading EGE adopters
• Understanding how organizations weigh the business case for pursuing more and greater EGE maturity
• Sharing leading practices in the deployment, management, and governance of global shared services and outsourcing

• Recent developments with the implementation of the Dodd-Frank Act and Basel III
• FATCA & Notice 2011-53
• The recently finalized section 381(c) regulations

• Tax issues with strategic and financial bank acquisitions and investments
• Recently-released guidance on debt held by REITs
• Final and proposed regulations affecting the taxation of debt
• An update on legislative developments, including potential legislation in the new Congress affecting banks
• The latest developments with financial services regulatory reform

Join professionals from KPMG LLP’s Financial Services and Washington National Tax groups for this insightful discussion. The topics covered include updates on:

• The recently-released industry director’s directive on section 475
• An update on the Foreign Account Tax Compliance Act (FATCA), including Notice 2010-60
• The recently-issued final regulations on the reporting of foreign bank accounts (FBAR)
• The treatment of deferred tax assets (DTAs) under Basel III

• Dodd-Frank Wall Street Reform and Consumer Protection Act
• The Administration's proposed bank tax
• Recent industry developments in state and local tax
• Other relevant industry issues, including an update on loan modifications and FDIC-assisted transactions

• An update on current legislation, including the “bank tax” and the Super Committee
• Recent developments with the implementation of the Dodd-Frank Act and Basel III
• New developments and issues in bank M&A

Speakers: Tom Stout, director, Washington National Tax; John Bush, managing director, Global Banking; Denise Schwieger, principal, Financial Services; and John Simon, principal, Mergers & Acquisitions Tax, KPMG LLP. 

• Pending legislative proposals
• Recently enacted international tax provisions
• Foreign Account Tax Compliance Act (FATCA) Update
• Section 6050W reporting

This Webcast discusses practical approaches to:

• Meeting the challenge of getting timely and accurate enterprise-wide reporting
• Providing predictive analytics to business units, stakeholders, and leadership
• Capturing and presenting regulatory and compliance data that can provide informed, transparent decision-making

Among the topics our featured speakers discuss is how Recovery.gov developed and implemented an integrated information management approach that provided their ultimate stakeholder, the U.S. taxpayer, with insight into the performance of taxpayer-funded initiatives.

Senator Daschle is a Special Public Policy Advisor in the Legislative and Public Policy Group of Alston & Bird's Washington, D.C. office. He advises clients on a wide range of public policy issues, with a particular emphasis on energy and health care. With more than 25 years of service in the House of Representatives and the Senate and 10 years as Senate Democratic Leader, Senator Daschle has played an instrumental role in the development of U.S. energy policy for almost three decades.

Discussion topics will include:

• Outlook for Congressional consideration of pending climate change legislation
• Obama Administration's Climate Change Policy
• What are critical issues that need to be addressed to move to final passage?
• Outlook for Administration's carbon management regulations
• EPA's Proposed Mandatory Reporting Rule
• EPA's Endangerment Finding
• Outlook for Industry
• What should industry do to prepare?

This Webcast will feature Chad Gazzillo and Shirley Choy from KPMG’s Department of Professional Practice.  Their presentation will focus on the recently issued Exposure Draft on Investment Companies that would change the criteria used to determine whether an entity is subject to the accounting and financial reporting requirements that apply to investment companies. 

This proposed guidance has implications for all entities that predominantly invest in real estate properties, and may significantly impact their financial reporting by requiring their investments in real estate properties to be measured at fair value. 

This webcast will feature Andy Corsini, KPMG's real estate national Audit leader; Kimber Bascom, real estate industry topic team leader in KPMG's Department of Professional Practice; and Chad Gazzillo and Shirley Choy, also from KPMG's Department of Professional Practice.

KPMG's Defining Issues No. 11-55, FASB Issues Proposed Guidance on Accounting by Investment Property Entities, provides a summary of the proposal.

One-and-a-half Continuing Professional Education (CPE) credits will be available to U.S. participants who meet the eligibility requirements.

The webcast will last approximately 90 minutes, including a question-and-answer session.

The Webcast focuses on the IASB's recently issued Exposure Draft on Hedge Accounting and how it may affect financial statements prepared in accordance with U.S. GAAP.

The presentation will discuss the FASB’s proposed changes related to the guidance on the impact of principal and agent relationships in VIE and certain non-VIE consolidation assessments.

The presentation will discuss the FASB’s recently-issued exposure draft of a proposed Accounting Standards Update (ASU), Testing Goodwill for Impairment. The update would permit an entity to make a qualitative assessment of whether it is more likely than not that its reporting unit’s fair value is less than its carrying amount before applying the two-step goodwill impairment test.

The webcast also will cover the FASB’s recently-issued guidance in ASU No. 2010-28, When to Perform Step 2 of the Goodwill Impairment Test for Reporting Units With Zero or Negative Carrying Amounts.

This webcast will focus on the final Accounting Standards Update on Fair Value Measurements and Disclosure Requirements issued on May 12th and the resulting implications on the measurement of assets, liabilities, and instruments classified in shareholders' equity at fair value and the disclosure requirements of U.S. GAAP and IFRS.

The presentation will discuss the SEC staff's ongoing consideration of IFRS incorporation pursuant to the work plan developed at the direction of the SEC in February 2010.

The approach described by the SEC includes the FASB's ongoing involvement with SEC oversight and draws upon convergence and endorsement approaches that have been used in other jurisdictions to bring IFRS into their financial reporting systems.

Their presentation will cover the joint Exposure Draft on Revenue Recognition, including recent deliberations and tentative decisions surrounding the proposed standard. A focus will be placed on those decisions that may change current practice under US GAAP.  They also will talk about the Boards' next steps on the project as well as anticipated timing. 

KPMG’s Defining Issues No. 11-24, Boards Make Tentative Decisions on Proposed Revenue Recognition Standard, Defining Issues No. 11-14, Boards Continue Redeliberations on Proposed Revenue Recognition Standard, and Defining Issues No. 11-08, Boards Reach Tentative Decisions on Proposed Revenue Recognition Standard publications provide information on the proposed changes to accounting for revenue.

The presenters also discuss proposed changes to the FASB's XBRL taxonomy and recent communications from the SEC on XBRL matters.

KPMG's Defining Issues No. 10-34, Proposed Changes to Lease Accounting provides information on the proposed changes to accounting for leases.

This Webcast will focus on current SEC and PCAOB developments that were addressed at the 2010 AICPA National Conference on Current SEC and PCAOB Developments, and FASB developments related to year-end financial reporting.

Like all webcasts in the Accounting Change Curriculum series, KPMG partners and directors discuss significant differences between the US-GAAP and IFRS requirements in these areas and provide insights into practical considerations when considering application of IFRS. The KPMG IFRS Institute’s Accounting Change Curriculum is designed to keep companies up to date on the latest convergence developments and application of IFRS, and to contribute to the broader education on the future of global accounting standards.

This is the fourth of eleven webcasts in the series. Prior webcasts in our Curriculum series are available for replay on www.kpmgifrsinstitute.com. Participants in all eleven webcasts (live or through replay) will be awarded a certificate of completion.

The panel discusses the impact, transition, timing, and key issues of the new standards, as well as the potential benefits to be derived.

Two senior tax professionals from KPMG in China -Tax Partner Abe Zhao and Global Transfer Pricing Services Director Leonard Zhang - will provide an update on tax developments in China in the context of topics and types of issues they have been discussing with U.S. companies over the last several weeks, during a coast-to-coast tour of many U.S. cities. Zhao and Zhang will be joined on the webcast by KPMG LLP's Linda Zhang, partner in charge of the U.S. China practice, and Rod Lawrence, U.S. principal in charge of International Corporate Tax, for their insights on the following areas:

• China's tax restructuring rules
• Nonresident taxation - impact of Circular 601 and Circular 698
• Transfer pricing in China - updates, recent developments, and key trends

Many legacy IT solution providers have adopted – or are in the process of adopting – cloud business models. Numerous cloud offerings are also cropping up from non-legacy IT solution providers, such as telcos, computer hardware vendors, and innovative IT “newcomers.” Furthermore, it’s become clear that cloud has moved beyond a technology discussion and become a key priority for business leaders.

Whether your company plans to adopt a customer-facing cloud offering, build its own private cloud, or participate in a public cloud in some fashion, it will be important for company executives to be aware of numerous international tax issues related to the cloud.

KPMG LLP invites you to a 75-minute audio webcast on international tax considerations in the cloud and risks from resulting tax uncertainties. Senior tax professionals from KPMG’s International Corporate Services and Washington National Tax practices will cover:

 
Primer on the Cloud

• Software as a service (SaaS)
• Platform as a service (PaaS)
• Infrastructure as a service (IaaS)

Cloud Vendor Issues

• Character and source of income
• Withholding tax
• Permanent establishment and effect of treaty provisions
• U.S. anti-deferral regime (Subpart F)

Cloud User Issues

• Character and source of income
• Withholding tax
• Permanent establishment and effect of treaty provisions
• U.S. anti-deferral regime (Subpart F)
• Transfer pricing considerations
• Indirect taxation: VAT

Even with the food and beverage executives surveyed seeing a better economic picture this year relating to their overall business, significant concerns remain over the employment outlook and the continued challenges of heightened competition and aggressive pricing and discounting practices.

Although overall optimism is on the rise in the retail sector, retailers are looking to rebound from what was a drastic economic downturn for them. Retail executives know they must do more than cut costs - they need to capture more of their customers' spending in what will continue to be a low-growth environment.

Please join us as our speakers discuss the survey more in-depth, including critical insights and analysis on industry trends and outlook.

This Webcast will consider both the pricing and cost dimensions of sustainable margin improvement and will focus on what we have found to be critical factors in delivering success.

• What is the best way to manage fraud risk in today's market environment?
• What extra steps should companies take in implementing fraud detection techniques and analyzing behavior?
• What role can technology play in helping to enhance fraud prevention?

The Webcast featured Timothy Hedley, Ph.D., Partner, KPMG Forensic, who discussed how professional skepticism and the use of sophisticated analytics are on the rise within organizations as a way to help detect and combat potential fraud and misconduct.

Dr. Hedley also discussed the highlights from KPMG's 2008/2009 Integrity Survey, which polled more than 5,000 professionals at U.S.-based organizations. The survey's results are more relevant than ever as they provide insight and a greater understanding of what factors drive the level of integrity in institutions at a time when they need it most.

For the 2009 tax year, Massachusetts, West Virginia, and Wisconsin moved from a separate reporting regime to combined reporting. As the 2009 income tax filing season gets underway, taxpayers doing business in these states will have to file these combined reports for the first time, and there are a number of issues they need to be aware of as they prepare their 2009 combined reports.

On this TaxWatch Webcast, professionals from our State Tax Resource Network provide a primer on combined reporting in Massachusetts, West Virginia, and Wisconsin, and discuss:

• Nuances and possible traps in each state
• Differences between the new combined reporting states and states that have required combined reporting for years

During this Webcast, we received a large number of questions and in response have put together a Frequently Asked Questions document for your reference.

KPMG partners will also discuss some of the differences between the U.S.-GAAP and IFRS requirements, and provide insights into practical considerations when adopting the new consolidation standard.

The KPMG IFRS Institute's Accounting Change Curriculum is designed to keep companies up to date on the latest convergence developments and application of IFRS, and to contribute to the broader education on the future of global accounting standards.

This is the second of 11 webcasts in the series. The first webcast, held on March 22, is available for replay on http://www.kpmginstitutes.com/events/.

Join us for a 60 minute discussion that will demonstrate how implementation of appropriate controls and process enhancements can increase the likelihood of project success for healthcare construction projects.

A standardized approach to managing construction projects can greatly facilitate project success, especially for major capital projects spanning multiple years and exceeding $100 million in costs.

Topics to be addressed include:

• The unique set of circumstances that lead to increased risk for healthcare construction projects
• Example healthcare project controls framework
• Six key project controls areas for healthcare administrators to focus on
• Real-life case studies

As the IASB aims to meet its standard-setting goals for 2011, there has been significant activity around new IFRS standards and exposure drafts in the past few months.

KPMG partners will provide an overview of the IASB's activities, including topics such as:

• Proposed future timeline for the issuance of final standards
• Request for comment on the "Big Bang" versus sequenced adoption approach for the proposed new standards between the IASB and FASB
• Consolidation and joint arrangements standards
• Hedging proposal
• Fair value measurement
• Insurance contracts
• Revenue recognition
• Leasing

The Webcast also discusses the upcoming changes in the IASB and its future agenda-setting process.

The Webcast will provide you with practical application guidance and comprehensive viewpoints from a technical, service auditor, and service organization perspective. You'll also hear from global real estate services firm, Jones Lang LaSalle, about how they adapted to the new regulations and their experiences to date.

This webcast discusses key objectives and considerations for effectively implementing auditing and monitoring techniques to help prevent and detect fraud.

Topics covered include:

• Compliance imperatives
• Distinction between auditing and monitoring
• Auditing and monitoring program objectives
• Key oversight considerations

This webcast will offer an in-depth look at pressing issues facing Japanese-owned importers. Developed by KPMG's Trade & Customs professionals and in coordination with our Japanese Tax Practice, this webcast is designed to alert organizations of the risks involved in bringing goods into the United States, as well as ways to identify and implement potential cost-savings opportunities.

Topics covered will include customs compliance, penalty for non-compliance, customs’ audit, customs transfer pricing, and customs cost reduction opportunities.

Continuing Professional Education (CPE) credit is available to U.S. participants who meet the eligibility requirements.

This mandate represents a new and complex regulatory reporting requirement for SEC registered investment advisers to private funds. As outlined, Form PF would subject private funds advisors to detailed requirements that will significantly expand reporting obligations and ultimately lead to significant business, IT, operational, and data challenges that need to be rapidly addressed by the industry.

KPMG LLP, in cooperation with law firm Schulte Roth & Zabel LLP, has spent considerable time assisting clients implementing Form PF. This webcast summarizes the lessons learned thus far as a result of the Dodd-Frank Act and its broad implications for the alternative investment industry.

Presenters

• Daniel Bender, KPMG LLP
• Jonathan Cohn, KPMG LLP
• Jason S. Kaplan, Schulte Roth & Zabel LLP
• Rabih Ramadi, KPMG LLP
• John Schneider, KPMG LLP

These reforms are expected to accelerate the shift away from direct taxes towards indirect taxes, like VAT, presenting many new risks, challenges and opportunities for businesses operating globally. 

On this TaxWatch Webcast, partners and professionals from KPMG's Global Indirect Tax practice discuss issues outlined in the whitepaper and such steps as: 

• Modeling techniques to assess the impact of local VAT changes
• Using emerging technologies to increase automation of the indirect tax process
• Deciding whether to outsource new compliance obligations
• Understanding the audit environment in new jurisdictions

Many companies are interested in both the level at which to develop the successful versus unsuccessful split as well as the process and level of detail to develop the retrospective application balance. It is expected that this will be a significant effort for management to apply the guidance upon adoption in 2012.

This webcast will outline:

• An update on standard setting process
• Capitalizable acquisition costs vs. other noncapitalizable acquisition-related costs
• Nature of successful effort estimation
• Nature of estimation involved in retrospective application
• Direct advertising
• Reinsurance

The amendments include clarification of short-term vs. other long-term benefits, changes to the recognition and presentation of post-employment benefits, and changes in the accounting for termination benefits. KPMG partners and directors also discuss some of the differences between U.S.-GAAP and IFRS in these areas, and provide insights into practical considerations when considering application of IFRS.

The IFRS Institute's Accounting Change Curriculum is designed to keep companies up to date on the latest convergence developments and application of IFRS, and to contribute to the broader education on the future of global accounting standards.

This is the sixth of eleven webcasts in the series. Prior webcasts in our Curriculum series are available for replay on http://www.kpmginstitutes.com/ifrs-institute. Participants in all eleven webcasts (live or through replay) will be awarded a certificate of completion.

Topics covered in this session include:

• The common law factors for determining worker classification
• Eligibility for the VCSP and the terms of settlement
• Existing programs for resolving worker misclassifications, such as Section 530 relief and the Classification Settlement Program (CSP)
• The impact of reclassification on employee benefit plans
• Procedural rules for participating in the VCSP

Discussion topics include:

• Legislative and regulatory outlook for the renewable energy sector under the new Congress
• Outlook for the tax equity market in the post-grant world
• Update on California Assembly Bill 32 (AB 32), the Global Warming Solutions Act of 2006.

This webcast is designed to bring some clarity to the important issues regarding ACOs and to provide you with some practical suggestions on what your organization might consider as its individual discussions on accountable care move forward.

Among the topics to be covered are:

• Why "business as usual" has to change
• Why the accountable care evolution (and, potentially, revolution) is important
• What does it really mean to be an ACO?
• What do organizations need to be thinking about?
• What the four pillars of ACOs are
• Steps to take in considering participation in an ACO

This Webcast explores the turbulent conditions in the retail market and examines the rising influence of today's global consumer on traditional industry retail models.

Speakers include:

• Mark Larson, US and Global Head of Retail Leader
• Ray Kansal, Consumer Markets

Announcement 2010-9 raises important conceptual, definitional and practical issues affecting the tax function, management, boards of directors, auditors, and independent advisors. It also solicits public comments to be submitted to the IRS by March 29, 2010.

On this TaxWatch webcast, professionals from KPMG's Trade & Customs group discuss the process by which antidumping duties are imposed on imported goods and ways importers can reduce exposure to these assessments.

Topics addressed include:

• Antidumping investigations and options to address antidumping duty order implementation
• Differences between antidumping deposits and antidumping duty assessments at the time of liquidation
• Administrative review process and retroactive nature of antidumping duty assessments
• Reducing exposure for goods subject to antidumping duties
• The interplay between U.S. Customs and Border Protection and the Department of Commerce with respect to antidumping duties
• High-risk supply chain structures
• Proactive planning to mitigate antidumping duty liability
• Options with respect to antidumping duty bills

The memorandum resulted in IFRS and U.S. GAAP having the same definition and meaning of fair value and similar disclosure requirements about fair value measurements. KPMG partners and professionals will discuss the requirements, which are new for IFRS, as well as explain the remaining differences between IFRSs and U.S. GAAP.

The KPMG IFRS Institute’s Accounting Change Curriculum is designed to keep companies up to date on the latest convergence developments and application of IFRS, and to contribute to the broader education on the future of global accounting standards.

This is the eighth webcast in the series. Prior webcasts in our Curriculum series are available for replay on www.kpmgifrsinstitute.com.

This TaxWatch webcast provides an overview of the FATCA withholding regime, review the framework and implementation guidance provided in the recent notice (in comparison with the prior 2010 guidance), and highlights what can be done to prepare for the January 1, 2013, effective date. Among the specific topics discussed include:

• Procedures that participating foreign financial institutions (FFIs) are to follow in identifying U.S. accounts among their pre-existing individual accounts
• Definition of "passthru payment" and the obligation of FFIs to withhold on passthru payments
• Obligation of FFIs to report with respect to U.S. accounts
• Rules for the treatment of qualified intermediaries under section 1471
• Application of section 1471 to expanded affiliated groups of FFIs
• Effective date of FFI Agreements

Though Congress deferred much of the implementation of this new regime to the Treasury, it is apparent that implications surrounding the new withholding regime are wide-ranging for financial institutions as well as for many other entities that operate on a global basis. Since the enactment of this legislation, we have gained some insight from Treasury and Internal Revenue Service (IRS) officials. However, many questions remain unanswered.

On this TaxWatch Webcast, KPMG professionals review the information that is currently available, discuss what can reasonably be done now in preparation for the implementation of the regime in 2013, and look at what is likely to happen in both the short and long terms.

This Webcast is designed for tax professionals involved with federal tax compliance issues. The 60-minute discussion covers:

• Who must file the FBAR
• What is considered a foreign financial account
• What constitutes a financial interest in a financial account
• What constitutes signature or other authority over an account
• Exceptions from the reporting requirement
• Penalties that may be imposed for reporting failures
• Proposed regulations issued by Treasury
• A new reporting requirement affecting individuals

The 60-minute discussion covers: 

• Who must file the FBAR
• What is considered a foreign financial account
• What constitutes a financial interest in a financial account
• What constitutes signature or other authority over an account
• Exceptions from the reporting requirement
• Procedural rules for filing the FBAR
• Penalties that may be imposed for reporting failures
• A new reporting requirement affecting individuals

The Webcast addresses why it is essential to understand the FCPA and discusses how the FCPA impacts the medical device and pharmaceuticals industries.

The discussion also covers recent investigations and enforcement actions as well as FCPA risk and mitigation strategies.

The KPMG IFRS Institute's Accounting Change Curriculum is designed to keep companies up to date on the latest convergence developments and application of IFRS, and to contribute to the broader education on the future of global accounting standards. This is the seventh of eleven webcasts in the series. Prior webcasts in our Curriculum series are available for replay. Participants in all eleven webcasts (live or through replay) will be awarded a certificate of completion.

• Overview of the Reform
• Systemic Risk, including Capital Requirements, the Volcker rule, Resolutions Plans, and Push Out Provision
• OTC Derivatives
• Consumer Protection
• Federal Supervision
• Adviser Registration
• Next Steps - Keeping you informed and Connected
• Q&A

By registering for this Webcast, you will automatically be invited to future Webcasts on the financial regulatory reform and be the first to receive timely thought leadership pieces and updates. U.S. participants who meet eligibility requirements will receive 1.5 Continuing Professional Education (CPE).

During this first Webcast of the accounting change curriculum, KPMG partners cover Financial Statement Presentation (IAS 1) and the Statement of Cash Flows (IAS 7).

After a discussion of current requirements and differences between IFRS and U.S. GAAP, this Webcast provides a status overview of the FASB's and IASB's financial statement presentation convergence project.

KPMG presenters also provide examples of practical implementation and ongoing presentation considerations under these new standards and discuss the potential changes if the proposals are adopted.

The KPMG IFRS Institute’s Accounting Change Curriculum is designed to keep companies up to date on the latest convergence developments and application of IFRS, and to contribute to the broader education on the future of global accounting standards. This is the fifth of eleven webcasts in the series. Prior webcasts in our Curriculum series are available for replay on www.kpmgifrsinstitute.com.  Participants in all eleven webcasts (live or through replay) will be awarded a certificate of completion.

During this Webcast, the seventh in our series dedicated to the discussion of the common differences between U.S. GAAP and IFRS, KPMG partners will discuss:

• Componentization of property, plant & equipment
• The level at which impairment testing is performed: reporting unit or asset group vs. cash-generating unit
• 1-step vs. 2-step impairment test
• Reversal of impairments

The 404 Institute's Webcast Staying Focused on Fraud examines the dimensions and impact of fraud and misconduct, and the ways that organizations can work to mitigate risk.

During the Webcast, Timothy Hedley (Ph.D.), Forensic Partner, KPMG LLP, discusses how fraud and misconduct continue to present serious challenges across virtually every industry. Inadequate controls and compliance programs, lack of a comprehensive approach to investigate and address wrongdoing, and the global economic downturn have made conditions ripe for fraud and misconduct.

This Webcast will provide insights into the expected scope of the U.S. resolution planning rules, and considerations for how covered companies can approach the exercise. 

The Webcast discusses the leading practices and trends that organizations have designed, implemented, and documented to mitigate foreign exchange risk and to increase opportunities.

The partners and professionals of KPMG LLP invite you to join us for the second part of a two-part Webcast series, Hedge Effectiveness Methods of GASB Statement No. 53. This Webcast focuses on the hedge accounting requirements of GASB 53, which are widely considered to be the most complex aspect of GASB 53. Topics to be addressed in this session include:

• Criteria for determining a hedging derivative instrument
• The types of financial risks that can be hedged by a derivative instrument for hedge accounting purposes
• The application of the "hedge effectiveness" methods provided in GASB 53.

The third and final Webcast in the series, Hedge Effectiveness Methods of GASB Statement No. 53 - Part II, will be held Wednesday, October 20, 2010, 2:00 - 4:00 p.m. EDT. Among the topics discussed will be the application of the hedge effectiveness methods in the case of off-market interest rate swaps, hedges involving commodity transactions, and GASB 53 transition issues related to hedge effectiveness.

• The hierarchy of fund balance classifications and the circumstances under which they are used
• Determination of fund balance amounts
• Application of the new requirements to specific transactions including “rainy-day funds” and encumbrances
• Fund balance display and note disclosure requirements
• Clarified definitions of the governmental fund types and their impact on current practice

Adding fuel to the fire is dramatically stepped up enforcement of US anti-bribery and corruption laws.  In 2010, the U.S. Department of Justice collected $1.8B under the Foreign Corrupt Practices Act (FCPA), more than in all prior years combined.

This interactive webinar will cover:

• Overview of US and global anti-bribery and corruptions laws, including the new UK Bribery Act
• KPMG’s 2011 Global Anti-Bribery and Corruption Survey -- key findings that affect all employers
• Anti-corruption best practices, including training programs that cover your organization’s anti-corruption policies and provide compelling evidence of good faith compliance efforts.

Is your organization's social media governance program prepared to manage regulatory risks with the agility the medium requires?

Event Overview

KPMG invites you to attend a live webcast that will provide perspectives on the potential implications of social media evolution and how pharmaceuticals and other life sciences companies can better manage the risks of social media utilization through dedicated governance programs.

Speakers

• David Blumberg, Advisory Leader, KPMG Pharmaceuticals & Life Sciences
• John DeMarrais, Advisory Managing Director, KPMG
• John Hair, Director KPMG Advisory Services
• John Bentivoglio, Partner Skadden, Arps, Slate, Meagher & Flom, LLP

One Continuing Professional Education (CPE) credit is available to U.S. participants who meet the eligibility requirements.

Numerous studies have established the high incidence of IT project failures amounting to billions of dollars annually. Such failures can include a broad spectrum from late delivery or exceeded budgets, to undelivered scope or functionality. Disappointing results can be compounded by errors in accurately anticipating the benefits or return on investment attained by the endeavor. Given the backdrop of current economic pressures, the downside potential is even more critical. Adding or improving structured and capable quality assurance oversight to a project can significantly enhance outcomes and reduce the risk of major project under-delivery.

This KPMG Institute webcast, "Government IT Projects Need Quality Assurance" discusses many of the circumstances that can lead to project failure, as well as established methods to prevent their occurrence or mitigate the effects of an under performing system implementation after the fact. Some of the topics discussed are:

• The case for Quality Assurance
• The scope of good Quality Assurance
• Which types of projects benefit most from independent, objective Quality Assurance?

The discussion topics include:

• Fundamentals of Carbon Accounting in the GHG Reporting Process
• Technical Considerations of Carbon Accounting
• Update on Carbon Accounting Standards Development.

On this TaxWatch Webcast, KPMG professionals have the unique opportunity to discuss the preliminary guidance with Steven Musher, Associate Chief Counsel (International) from the IRS. The panel highlights the clarifications made by Notice 2010-60 and discusses what is likely to happen from a legislative and regulatory standpoint before implementation of the FATCA regime in 2013.

To help payors understand and prepare for ICD-10 compliance, KPMG Healthcare is pleased to present a 60-minute session that provides an overview of the requirements and lessons learned from current ICD-10 conversion projects. The session also highlights leading practices to enable efficient and effective conversion and potential process improvements through effective ICD-10 implementation.

To help providers understand and prepare for ICD-10 compliance, this 60-minute session  provides an overview of the requirements and lessons learned from current ICD-10 conversion projects.  The session also highlights leading practices to enable efficient and effective conversion and potential process improvements through effective ICD-10 implementation.

These law changes, and other tax developments of interest to international assignees and their employers is the focus of this KPMG TaxWatch Webcast.  Partners and professionals from KPMG's International Executive Services and Washington National Tax practices discuss the the following topics:

Healthcare reform legislation:

• 0.9%  increase in employee Medicare payment
• 3.8%  additional tax on "unearned" income
• Excise tax on lack of coverage and excise tax on "Cadillac" coverage
• Discrimination provisions for non-grandfathered health plans

The HIRE Act:

• Payroll tax exemption for hiring new workers
• Business credit for retention of certain newly hired workers in 2010
• Foreign account tax compliance (FATCA)

Other legislative developments: 

• Section 409A guidance
• Looking forward: Expiring tax provisions

A number of Fortune 500 companies are choosing the Philippines as the main destination of business support functions, thanks to its competitive labor rates, higher tax incentives, high literacy rates and a stable telecommunications infrastructure. Being the third-largest English-speaking country in the world, the Philippines is considered one of the most competitive outsourcing destinations in the world. A global leader in business process and technology management recently stated "The Philippines is a focus area for us. We started operations in Manila five years ago and the attraction for this region was and continues to be the availability and quality of the talent pool, culture attuned to the west, ecosystem capabilities and the growth potential."

This informative Webcast is moderated by Mark Barnes, partner in charge of KPMG High Growth Markets, a practice which helps companies navigate complex emerging market challenges and risks to achieve growth. He will be joined by Roberto Manabat, CEO, KPMG in the Philippines; Emmanuel Bonoan, COO and Vice Chair for Tax, KPMG in the Philippines; Sharon Dayoan, Financial Services and Risk Management Partner, KPMG in the Philippines; Henry Antonio, Advisory Principal and Head of Risk and Compliance, KPMG in the Philippines; and Maria Maralit, Tax Principal, KPMG in the Philippines, who give their insights regarding:

•  A positive turn of the Philippines - an overview of governance and the fiscal stability of the capital markets
• Filipinos going global - the population and talent pool
• Gaining grounds in strong Philippine industries - major players and key sectors
• Regulations and - taxation

This Webcast is designed to provide a foundation and framework for a series of 10 monthly Webcasts that will focus on individual accounting and reporting topics. KPMG partners will provide insights into:

• History of the development of IFRS
• Framework and its role in IFRS
• Fundamental differences in structure and concepts of IFRS when compared to US-GAAP

The Webcasts are scheduled monthly until January 2011. Continue visiting the IFRS Institute for more information on additional Webcasts in the series and to register.

Experience indicates that success can be achieved when organizations are able to streamline their systems and processes, synchronize the flow of information among critical areas, and effectively integrate the power of technology into processes.

This webcast is designed to help you understand the potential gaps within your organization and identify ways to become more efficient and effective by improving the integration of three common initiatives into core business processes:

• Business Intelligence
• Technology-enabled Governance, Risk, and Compliance (GRC) processes
• Continuous Auditing & Continuous Monitoring (CA/CM)

They will be joined by information security leaders from Aviva, a global life and insurance company. Aviva professionals will provide an overview of their organization's approach to implementing an effective and efficient logical access management system.

Topics to be covered include:

• Current entity and access management (IAM) concerns
• Aviva IAM case study: discussion of historical logical access issues, implementation of new logical access program, and results
• Leading approaches to help implement a framework and controls that help mitigate risk, manage costs, and support revenue drivers
• Special concerns related to IAM governance systems operating in the cloud

This Webcast provides participants with a better understanding of IFRS 1, a standard without any equivalent in U.S. GAAP. IFRS 1 provides the general model as well as exceptions to the model that entities apply in the first reporting period when adopting IFRS. In this Webcast, KPMG partners provide insights into:

• The first-time adoption model specified by IFRS 1
• Mandatory exceptions and voluntary exemptions from retrospective application of IFRS upon first-time adoption
• Exemptions that are likely to be particularly useful by companies converting to IFRS from U.S. GAAP

Listen to KPMG partners:

• Share our understanding of the proposals reflected in the
  exposure draft
• Highlight the remaining differences between the IASB and FASB
• Identify areas where more application guidance is needed
• Discuss the potential impact on processes and systems

This is an excellent opportunity to listen to a very relevant and timely discussion of the accounting for insurance contracts that will assist you in assessing the potential impact of the new standard on your company and provide various perspectives as you consider your comment letters on the exposure draft and discussion paper.

IFRS for SMEs is a separate comprehensive set of standards for non-publicly accountable entities that is the result of a five-year development process with extensive consultation with SMEs worldwide. It simplifies many of the principles in full IFRSs for recognition and measurement, omits topics not relevant to SMEs, and significantly reduces the number of required disclosures. It is intended to be a full set of accounting principles for private companies in 230 pages.

In this Webcast, KPMG and FEI partners and professionals will provide an overview of the simplifications and deletions compared to full IFRS, and will provide insight into Canadian private company GAAP, an international update, and what U.S. private companies can consider given the Blue-Ribbon Panel.

Presenters also provide examples of practical implementation and ongoing accounting considerations for both lessees and lessors under such a new standard and discuss the potential changes under IFRS if the proposal is adopted.

Conversion to IFRS is a change management effort. The success of a conversion depends heavily on how effectively a company informs, mobilizes, and educates its people on the process. During this Webcast, KPMG partners from Europe and the United States will discuss some of the issues involved, including:

• How IFRS can affect your current systems strategy
• How the impact of IFRS on technology can represent an opportunity
• How IFRS training covers far more than just the standards and the accounting personnel
• How to communicate the impact of the IFRS changes to key stakeholders—both internally and externally.

• Linking Convergence and Conversion
• Conversion Projects – Issues and Challenges
• Accounting Topics – Discussion on Selected Issues
  • Leasing
  • Revenue Recognition

It is also one of the accounting topics that can have a significant business impact during conversion since stock-based compensation schemes and/or performance targets might need to be amended.

Among the topics covered in this Webcast are:

• Background of the convergence in accounting for stock-based compensation
• Differences between the respective standards FAS No. 123R and IFRS 2
• Practical application matters and issues for issuers to consider

With this series of webcasts, our goal is to contribute to the education and training of preparers, users, academia, and other professionals and interested parties identified by the SEC in their February 24 policy statement as one of the key transition issues to incorporating IFRS into the financial reporting system for U.S. issuers. The webcasts on common differences are scheduled once each month until January 2011.

The publication of this survey and the budget submission present an opportunity to discuss where India is going in 2011 and consequent implications and opportunities.

Professionals from KPMG India and partners from our U.S. Tax practice will present an overview of the survey and budget, tax and regulatory features, and discuss the prospects and opportunities for India in 2011.
 

Join professionals from KPMG's Insurance practice for a discussion of reserve issues and recent IRS guidance.

Topics to be discussed include:

• Life reserves
  • Effective date and authoritative weight of Actuarial Guidelines
  • American Financial and Cigna cases

• Property and casualty reserves
  • The "reasonableness" standard
  • Reserve strengthening after an acquisition
  • Acuity and Sentry cases

• The potential implications of Revenue Ruling 2011-29 for policyholder dividend deductions

• AG 43 Notice
• FATCA Update
• Uncertain Tax Positions Disclosure
• SA DRD Update
• New Section 162(m)(6) Remuneration Limitation for Health Insurance Providers

Join KPMG partners Craig Pichette and Kim Sellers, and James J. Shea, vice president & chief tax officer, Prudential Financial, Inc., for a comprehensive overview of the exposure draft of the Statement of Statutory Accounting Principles No. 101, Income Taxes, A Replacement of SSAP No. 10R and SSAP No.10.

Topics discussed include proposed changes involving: 

• Uncertain tax positions
• Deferred tax asset admissibility standards
• Tax planning ideas
• Additional required disclosures

Join professionals from KPMG's Insurance practice and Washington National Tax for a comprehensive overview of the exposure draft of the Statement of Statutory Accounting Principles No. 101, Income Taxes, A Replacement of SSAP No. 10R and SSAP No.10. 

Topics discussed include: 

• Tax Loss Contingencies
• Recognition and Measurement
• Statutory Valuation Allowance
• Admissibility of Deferred Tax Assets
• Realization of Tax Benefits
• Tax Planning Strategies
• Disclosures

This one-hour audio Webcast presented by senior-level professionals with extensive experience in international tax, transfer pricing, and valuations covers:

• An overview of requirements for valuations of intangibles under PPAs and transfer pricing
• How the requirements are different, highlighting the additional requirements for tax and transfer pricing
• Examples that compare fair value and transfer pricing valuations to illustrate their similarities and differences.

• Developments with the Uncertain Tax Position form
• Section 6501(c)(8)
• Potential Changes to the Tiered Issue Process
• CAP Program
• International Tax Audit Trends

A KPMG client with businesses in the United States, Europe, and Asia recently said, “Coming to Brazil is no longer an option, it’s an essential part of our strategy. But you can’t jump out of bed and run. We have to understand our [M&A] options first.”

Companies around the world are seeing the value of investing in Brazil and are eager to have a presence within the country. A clear understanding of the business environment and the complexity of various transactions constitutes an important part of the investment process.

This informative webcast is moderated by Mark Barnes, KPMG partner in charge of High Growth Markets, a practice that helps companies navigate complex emerging market challenges and risks. Augusto Sales, Global Business Group partner, KPMG Transactions & Restructuring, Brazil; Marienne Coutinho, Global Business Group partner, KPMG International Corporate Tax, Brazil; and Renato Pereira, partner, KPMG Transactions & Restructuring, Brazil, add their insights to address:

• Overview of M&A activity in Brazil
• Greenfield versus acquisition
• Alternatives to M&A
• Overview of valuations
• Tax structuring from an M&A perspective in Brazil
• Successful M&A transactions

Join professionals from KPMG LLP’s Financial Services and Washington National Tax groups for this insightful discussion. Topics covered include updates on:

• Tax treatment of Section 1256 contracts
• Internal Revenue Service regulations 1.1001-4
• Internal Revenue Code Section 871(m)
• Other developments under Dodd-Frank

A recent survey conducted by KPMG International found that governments around the world have been under unprecedented pressure to address the need for increased tax revenues. As a result, tax authorities have continued to step up efforts to improve the efficiency and effectiveness of their approaches to tax audit controversies. 

This one-hour Webcast is presented by senior-level tax controversy professionals who discuss what companies need to consider when faced with an IRS examination or audit. Topics covered in the first session include: 

• Understanding your exam team; exam location; providing space for the team and other strategic considerations
• The information gathering process: IDRs, Q&As, Summonses, and 982 letters
• Impact of the currency initiative
• Statute Extensions: IRS policy, timing, and types of extensions
• Form 5701: What kind of response works best?
• Preparing your case for appeals.

This one-hour audio Webcast provides an overview of the final Schedule UTP form and the related IRS guidance. Professionals from KPMG LLP's Washington National Tax practice will cover:

• Announcement 2010-75: Release of final Schedule UTP and instructions
• Announcement 2010-76: IRS expansion of its policy of restraint
• New IRS Field Directive: Initial guidance addressing Schedule UTP examinations and related matters
• Anticipated changes to CAP Program and other IRS initiative programs
• Filing the first Schedule UTP - some practical considerations.

Attendees to this Webcast on October 8, 2010, were polled about their current views on the uncertain tax reporting requirements. More than 700 tax executives responded. Read the Schedule UTP, IRS Guidance on Uncertain Tax Position Reporting Responses to Audience Polling Questions.

Discussion topics will include:

• Recent Development with Section 861 FMV Method and Required Use of Alternate Apportionment Method (FAA 20100502F)
• FY 11 Budget Proposal Changes to Dual Capacity Taxpayer Rules
• Recent Developments for Publicly Traded Partnerships (PLR 201005018)
• Latest Insights on LIFO
• Disclosing Uncertain Tax Positions to the IRS
• How Louisiana's Proposed Interpretation of "Contractor" could affect Oil Well Service Providers

• U.S. Legislative Outlook
• International Tax Reform - Year-end Considerations
• Foreign Tax Credit Update - UK Windfall profit Tax of 1997 (PPL and Energy)
• Recent Developments regarding IDC and 9100 Relief
• Taxpayer Penalties in 2010 and Beyond
• State Tax Developments

• Legislative update
• Construction Commencement under the Federal Renewable Energy Program
• Tax Opportunities Associated with Smart Grid
• Federal Tax Update
• State and Local Tax Update: Industry Issues

The webcast was moderated by Terry Iannaconi, KPMG partner in charge of knowledge sharing at DPP, and Bill Sinnett, senior director of research at FEI.

Impact of Economic Uncertainty and Volatility on Year-end Reporting, and Looking Ahead to the 2012 Agenda

With companies facing continued slow growth in the United States, a mixed economic outlook globally and a challenging business environment in 2012, a number of year-end reporting issues will require the audit committee' attention, as will key risks and opportunities in the year ahead.

A leading economist from The Conference Board and Viacom’s CFO, James Barge, shared their thoughts on year-end issues and 2012 challenges for audit committees and management to consider, including: 

• Key year-end reporting issues impacted by ongoing economic uncertainty and volatility (pensions, goodwill, sovereign debt exposure and more)
• SEC "hot topics" that should be on every audit committee's radar (including transparent disclosures and a "meaningful" MD&A, non-GAAP financial measures and cyber security disclosures)
• Ensuring consistency of all financial communications with information reported in the 10K/10/Q
• Important areas of audit committee focus for 2012 - including IT risk, innovation and talent management; maintaining the control environment; and enhancing the audit committee's understanding of key issues (taking "deep dives").

Download highlights from the webcast                                                                     

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This KPMG/NACD Audit Committee Webcast discusses how the newly enacted Dodd-Frank legislation and other regulatory reforms are impacting audit committee oversight. The Webcast also includes an update on financial reporting/accounting issues and developments from Washington, D.C.

The KPMG/NACD Audit Committee Webcast Series provides quarterly updates and insights into issues affecting audit committee/board oversight from key accounting and regulatory changes to developments in risk oversight.

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• Your data may be used by the event cosponsor for marketing purposes.
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• The sharing of information with KPMG and its cosponsors is subject to the Terms and Conditions. If you do not wish to benefit from marketing that may be provided by KPMG and its cosponsors, please send an opt-out message to the ACI mailbox.

This Webcast, Measuring the Value of Enterprise Risk Management - A Corporate Perspective, provides insight on how to measure and optimize the value of ERM.

The Webcast features Ralph Storti, Director of Enterprise Risk Management, Horizon Blue Cross Blue Shield of New Jersey. He discusses the objectives and quantifiable targets that his organization developed to enhance the value of their ERM program and how Horizon Blue Cross Blue Shield uses ERM to affect decision-making in areas such as business planning, capital allocation, and project management.

• What is the new excise tax and how does it work?
• Which devices are subject to tax?
• Who is liable for the tax?
• How do tax-free sales work?
• How will the tax be reported and paid to the IRS?
• What immediate steps need to be taken for compliance purposes?
• Who bears the burden of the tax?
• Is the tax deductible?
• Who should submit comments to IRS?

Tax-exempt organizations today face challenges, such as fulfilling their missions and raising funds in a changing and unstable world. As organizations try to adapt to today's challenges - and tomorrow's – they must be mindful of how tax law can - and will - affect what they can do, and how they can do it.

This webcast will cover a range of important topics related to how tax law intersects with the way tax-exempt organizations are trying to move forward, including:

• Tax Reform: Will It Happen, When and What Will It Look Like? A review of the context in which the discussion of tax law changes will take place and a realistic examination of the possible outcomes.
• Global Expansion: Opportunities and Challenges. A discussion of issues involved in doing business outside the United States.
• Alternative Revenue Sources: The Search for More Funds. A presentation on the tax rules affecting different revenue sources.
• Tax Dispute Resolution: The "New-Fangled" and the "Old-Fashioned." A look at different ways for dealing with taxing authorities.

Rick Speizman, national partner-in-charge of KPMG's Exempt Organizations Tax practice, will moderate the webcast; Rick will also present the segment on alternative revenue sources. Hank Gutman, principal-in-charge of KPMG’s Federal Tax, Legislative, and Regulatory Services, will discuss the potential impact of tax reform. Tim Stiles, global chair of KPMG’s International Development Assistance Services, will cover global expansion. Finally, Paul Manning, principal-in-charge of KPMG’s Practice, Procedure & Administration practice, will address tax dispute resolution.

With the reporting of new Form 1099-K effective for transactions in 2011, it is critical that those subject to reporting take steps now to be in compliance.

This program is designed for tax professionals involved with federal tax compliance issues. Among the topics covered are:

• What constitutes a payment card and third-party network transaction
• Who has responsibility to file Form 1099-K
• Special rules for intermediaries
• How the backup withholding rules will apply
• Exceptions from the reporting requirement
• Penalties that may be imposed for reporting failures
• Key reporting implementation challenges

Retail Horizons offers a detailed overview of the current state of the industry and retailers' plans for the year ahead. The full report provides deep insights into tactical decisions and strategies retail companies will implement as the industry continues to recover, and how they will try to maintain customer focus while placing a greater emphasis on the bottom line.

Research for this year's report was conducted in the fall of 2010 and is based on responses in nine functional areas through online surveys from more than 310 retail executives in 135 companies.

Two years ago, the retail industry was facing its greatest global financial crisis in decades and, while challenges continued in 2010, lessons were learned. This Webcast will discuss the survey results and lessons learned that will help retailers move quickly and thoughtfully to position themselves for success.

A recent survey conducted by KPMG International found that governments around the world have been under unprecedented pressure to address the need for increased tax revenues. As a result, tax authorities have continued to step up efforts to improve the efficiency and effectiveness of their approaches to tax audit controversies.

This 100-minute audio Webcast is presented by senior-level tax controversy professionals, who discuss the resolution strategies companies need to consider when faced with an unagreed case. Topics covered in this session include: 

• The Form 5701 Process.
• Early Referral: When does it make sense?
• Fast Track Resolution: The process and strategy around using this Alternative Dispute Resolution tool.
• Traditional Appeals: How to prepare, what to expect, and how to resolve your issue.
• Post Appeals Mediation and Arbitration: How they work and what you need to know.

• E&P Recent Trends and M&A Landscape
• E&P Case Study: Shale Gas JV Profile
• OFS Recent Trends and M&A Landscape
• OFS Case Study: Recent Deal Profile

How will your organization begin to operationalize?

KPMG and EpsteinBeckerGreen invite you to attend the second webcast in our series on proposed rules governing the Medicare Shared Savings (ACO) program.

This session will address how organizations can begin to analyze how to participate in the proposed Medicare Shared Savings program and what they need to consider as they build out and operationalize an approach to “accountable care." The session will also cover antitrust and fraud and abuse issues organizations need to consider when developing both a shared savings network and a compensation model.

The broadcast will also provide a 20-minute Q&A session. Please submit a question.

But the question on most managers' minds today is: How can I deploy and leverage technology in this time of sharply constrained budgets?

This KPMG Government Institute webcast features the experiences of individuals making technology decisions for their public sector organizations, including discussions about how they are managing to "do more with less."

Among the concepts explored are consolidation, shared services, outsourcing and cloud computing, along with several leading practices and lessons learned in the public sector.

Topics in this webcast will include:

• How organizations can get started, even if they have only a limited capacity for initial or upfront investment Achieving the desired value, selling the change to leadership and users, and strategies to avoid timeline delays and budget overruns
• What kind of gains/improvements to expect
• How to build a business case to justify the strategies selected
• How to demystify cloud computing and successfully integrate the cloud in public sector organizations: questions about its security, risk and impact on end users
• How organizations that have or are considering shared services can build off existing investments to achieve further benefits

Act 32 requires the employer to have all employees, living and/or working in PA, complete a residency certification form by December 31, 2011. Failure to comply may result in audits, assessments, interest and penalties. Most payroll service bureaus are dealing with the withholding logic required by this law in their systems but are not addressing the requirement to gather and maintain residency certifications (beyond December 31, 2011).

On this TaxWatch webcast, professionals from KPMG’s U.S. Indirect Tax practice:

• Provided an overview of Pennsylvania Act 32
• Described some of the obvious and not so obvious compliance requirements
• Explained the continuing and archival requirements
• Clarified the withholding tax collection process and documentation which needs to be developed

During this Webcast, KPMG Partners provide an overview of the accounting for employee benefits under IFRS, including short-term benefits, post-employment benefits, and termination benefits.

The discussion will cover:

• The current requirements under IFRS 19 Employee Benefits
• A comparison of IFRS to US-GAAP
• The IASB's plan for targeted improvements (currently in exposure draft status)
• Practical considerations for first-time adoption and for applying the rules on an on-going basis

The webcast also includes a discussion of the proposed requirements for offsetting of financial assets and financial liabilities.

KPMG partners and directors also will discuss some of the differences between the U.S.-GAAP and IFRS requirements in these areas and provide insights into practical considerations when considering adoption of IFRS.

The KPMG IFRS Institute’s Accounting Change Curriculum is designed to keep companies up to date on the latest convergence developments and application of IFRS, and to contribute to the broader education on the future of global accounting standards.

This is the third of 11 webcasts in the series. Participants in all 11 webcasts (live or through replay) will be awarded a certificate of completion.

KPMG LLP invites you to a one-hour audio webcast on the budget presented by professionals from KPMG's Washington National Tax office. Presenters review the current proposals and their prospects for enactment, highlighting changes and possible implications for corporate taxpayers. In addition to a high-level overview of the budget's revenue proposals, the following specific proposals, or groups of proposals, are discussed:

• Taxation of carried interests in investment partnerships as ordinary income
• Research credit, LIFO, and other proposed accounting changes
• Energy incentives and revenue offsets
• Proposed changes in the U.S. taxation of foreign income

As the IASB approaches their original June 2011 target deadline, there has been some concern regarding the boards' ability to deliver high quality standards on their agenda by the original date. During this webcast, KPMG partners give an overview of the Boards' revised standard setting targeted timeline for their key projects and the proposed timing of projects of other IASB projects including IFRS 10, 11, 12, 13, and amendments to IAS 19.

Please note that the originally planned webcast on Consolidated Financial Statements has been postponed to May 24, 2011 to correspond with the IASB's expected issuance of the revised standard.

This proposed legislation would represent a fundamental change in the taxation of the Funds Industry.

• Do you understand the far reaching implications of the proposed legislation?
• Are you considering planning or restructuring before the proposed January 1, 2011 effective date?

This TaxWatch Webcast includes a discussion around the proposed provisions (including possible pitfalls and planning considerations). Additionally, partners and professionals from KPMG LLP discuss the potential commercial implications of the proposed legislation for the Fund Industry.

The Board issued proposed changes to the FTZ regulations in December 2010. The public comment period for these regulations ends on May 26. Among the stated reasons for the proposed changes is the desire to "expedite and encourage foreign commerce." Companies with existing FTZs and those considering the establishment of a zone should be aware of the proposed regulatory changes to determine any potential impact on company operations.

This TaxWatch webcast highlights the proposed changes to U.S. FTZ Board regulations. Presenters review the current regulations and discuss the potential implications of the proposed regulations. Among the specific topics discussed, which tax, finance, and logistics executives with import or export operations will find of interest, are proposed changes to Board regulations governing the following areas:

• FTZ manufacturing and processing authority
• Public utility and uniform treatment
• Fines and penalties
• Other key areas

 International copyright, 2011, U.S. Department of Commerce, U.S. Government.

Please join KPMG Professionals, Brian Hughes, Packy Kelly and Aamir Husain as they cover the following topics:

• Recent Venture-Backed IPO Activity
• Accounting Issues companies going public will face
• Organizational challenges company leaders need to address

Barely a day passes without some press coverage or announcement by some stakeholder in the outcome of the debate. The path to enacted legislation is much more complicated than the current rhetoric contemplates.

Using the Tax Reform Act of 1986 as an example, this live Webcast reviews the economic, budgetary, substantive, and political issues surrounding changing the taxation of business income.

Among the topics covered during this Webcast are insights into how the U.S. international tax landscape may be affected by the current bill, and the issues and aspects forward-looking tax executives may want to address.

Presented by senior-level professionals with extensive experience in international tax, the Webcast provides an overview of the:

• Various FTC reform proposals
• Other provisions with international tax impact, including changes related to sections 304(b)(5) and 6501(c)(8),the boot within gain limitation, and "80/20" companies
• Next steps and possible timing in the legislative process

• New reporting requirements for uncertain tax positions
• The Regulated Investment Company Modernization Act
• Foreign Account Tax Compliance Act (FATCA)
• Other relevant industry issues, including an update on cost basis reporting, the section 1256 provisions of the Dodd-Frank Act, and the tax implications of the UCITS IV Directive.

Join us as KPMG's automotive leadership team discusses the results of the 2011 Global Auto Executive Survey.

For 12 consecutive years, KPMG has surveyed automotive industry leaders about the current and future state of their business. Highlights from this year's survey that will be discussed during the Webcast include:

• Consumer trends and behavior
• Market share
• Short- and long-term investments
• Alternative fuel technology
• Mergers & Acquisitions

The full report provides deep insights into tactical decisions and strategies retail companies will implement as the industry continues to recover, and how they will try to maintain customer focus while placing a greater emphasis on the bottom line. Research for this year's report was conducted in the fall of 2009 and is based on responses in nine functional areas through online surveys from more than 310 retail executives in 138 companies.

A year ago, the retail industry was facing its greatest global financial crisis in decades. While challenges continued in 2009, lessons were learned. This Webcast discusses the survey results and lessons learned that will help retailers move quickly and thoughtfully to position themselves for success as they enter a new decade.

This webcast highlights the recently issued revenue procedure, what is means for shareholder data retention, how to guard against downward basis adjustments, and what issuers can expect from the bank and broker/dealer community regarding the retention of cost basis information.

Experienced professionals from KPMG's Shareholder Tax Basis & Identification practice and Washington National Tax cover:

• Review of common basis transfer transactions
• The four methods for basis determination under Revenue Procedure 2011-35
• Data retention leading practices to avoid downward basis adjustments
• Overview of bank and broker/dealer cost basis data reporting guidelines

As part of the IFRS Institute's Accounting Change Curriculum, this webcast will feature partners Mark Bielstein, Prasadh Cadambi, David Elsbree, and Paul Munter from KPMG’s DPP. The presentation covers the joint revised Exposure Draft on Revenue Recognition released on Nov. 14, 2011.

Two Continuing Professional Education (CPE) credits will be available to U.S. participants who attend the live webcast and meet eligibility requirements.

RILA and KPMG LLP are partnering to offer retail audit professionals this complimentary webcast to showcase the second edition of the RILA Store Operational Audit and Loss Prevention Guide. Leading retail audit professionals will review the guide and will walk participants through significant developments in the area of retail store operational audits over the past five years, making webinar participants eligible to earn 1 CPE credit. Topics will include:

• Positioning of Store Audit into a Governance, Risk and Compliance Model
• Understanding How Store Audit fits into Enterprise Risk Management
• Special Projects including: Construction and Major Contracts, Paper Shrink Risk, Varying Inventory Distribution Models, Information Technology Risk (including logical access, data privacy, RFID technology, “Rogue” access, and records management)
• Incorporating Continuous Auditing and Monitoring Techniques

KPMG LLP invites you to a one-hour audio webcast on Russia’s new transfer pricing rules. Hosted by KPMG’s Global Transfer Pricing Services and High Growth Markets practices, webcast speakers include senior-level professionals from KPMG and KPMG International's member firm in Russia, who provide an in-depth overview of the new requirements, focusing on the unique aspects of Russia’s rules that tax executives responsible for transfer pricing may want to consider as they look to planning for next year. Following a brief discussion on the economic outlook for Russia, speakers cover:

• Accepted transfer pricing methods (which are not completely in line with either OECD or U.S. methods)
• Notification and documentation requirements
• Benchmarking data and comparables
• Adjustments, penalties, and audits
• Possible actions to take now to be prepared

About KPMG's High Growth Markets
KPMG's High Growth Markets (HGM) practice provides audit, tax and advisory services to U.S. -based companies in their pursuit of outbound investment opportunities in high growth and emerging markets such as China, Brazil, Russia, Mexico, and Vietnam. In addition, HGM provides services to high growth market-based companies with inbound investment interest in the United States. For more information, please email us.

About KPMG's Global Transfer Pricing Service
KPMG’s Global Transfer Pricing Services (GTPS) practice includes economists, tax practitioners, and financial analysts. The GTPS practice is also comprised of KPMG International member firm professionals from around the world who offer experienced local resources working within a global member firm framework. GTPS helps companies develop and implement economically supportable transfer prices, document policies and outcomes, and respond to tax authority challenges. With transfer pricing member firm professionals in every region of the world, the GTPS practice is well-equipped to provide the local experience and global analysis multinationals need to effectively and efficiently manage their transfer pricing. For more information, email us.

While many questions cannot be answered definitively, the panelists provide an overview of key legislative and gubernatorial tax plans in a number of states. With many new legislators and governors in office, and the states' continued need for additional tax revenues in light of ongoing deficits, the 2011 legislative sessions should prove to be interesting. Join us as we navigate through the many tax proposals state tax professionals need to be aware of.

For further information on the latest state and local tax issues, please tune into This Week in State Tax (TWIST). TWIST features a series of short podcasts hosted by our Washington National Tax professionals who cover state and local tax developments dating from the previous week.

The Securities and Exchange Commission (SEC) staff recently released two reports under its IFRS work plan to consider whether IFRS might be incorporated into the financial reporting system for U.S. issuers. One report addressed the consistency in the application of IFRS among some of the largest global companies that currently apply IFRS. The second report focused on the significant differences between IFRS and U.S. GAAP.

This webcast will feature partners from KPMG's Department of Professional and Accounting Advisory Services practice. The presentation covers the staff’s analysis of how IFRS is applied globally and some of the significant differences between IFRS and U.S. GAAP.

The potential implications on the staff’s evaluation of the incorporation of IFRS into the financial reporting system by U.S. issuers will be discussed.

KPMG’s Defining Issues® No. 11-64, SEC Issues Reports on IFRS Application and Differences with U.S. GAAP, provides a summary of the staff papers.

In the past, the SAS 70 report was intended to assist service providers' customers and their auditors specifically in the context of internal control over financial reporting. Now, three types of SOC reports have been defined to help service providers meet a broader set of user needs – such as addressing the security and availability concerns related to the cloud.

To help jumpstart your organization's transition efforts, this webcast focuses on the contents and benefits of the SOC reports; how to use these reports; and what types of reports to request going forward.

The myriad new data elements available via devices and systems, such as smart meters, provide tremendous value potential in terms of new business capabilities as well as a multiplier effect to leverage additional value from existing investments.

This audio Webcast discusses the role of data as a transformation driver and present an example-driven process to extract value from Smart Grid Data. The discussion topics include:

• The Impact of Smart Grid
• The Role of Data as a Transformation Driver
• How to Extract Value from Data

Many companies do not exercise adequate controls and scrutiny over their procurement process potentially leaving themselves open to abuse and override with products or services paid for but delivered partially or not at all. As a result of current economic conditions, many business leaders are calling for more vigilance in this area to help reduce financial loss and channel these funds into critical operations.

To help consumer markets organizations with their fraud risk management efforts, this Webcast addresses the potential challenges and benefits of preventing, detecting, and responding to allegations of procurement fraud. KPMG Forensic leaders from the Americas, the Middle East, and Europe address:

• Key procurement fraud risks
• Leading anti-fraud procurement practices, including the use of technology
• Lessons learned from recent experience.

Findings presented will provide a holistic and comprehensive view of market trends including quantitative and qualitative gauges on the current and projected state of the shared services and third party business process and information technology services markets. The result is real-world insights into:

• Drivers for service delivery improvement efforts
• Challenges to successful service delivery improvement efforts 
• Trends in global sourcing
• Trends in cloud computing services
• Outsourcing deal pricing, service provider profitability and scope

On this TaxWatch webcast, professionals from KPMG's State and Local Tax Washington National Tax practice wade through significant legislative and administrative changes that impact how 2011 returns will be filed, such as new combined reporting provisions and sales factor sourcing changes. In addition, the discussion includes the many issues that need to be considered when determining whether to make the single-sales factor election available in California for 2011. Finally, the group focuses on the fiscal state of the states and discuss potential legislative changes that will be considered during the upcoming 2012 state legislative sessions.

This webcast will provide an overview of the state of PPPs in the US and will examine various approaches that have been applied to meet key public sector objectives. 

Among the topics to be discussed are:

• Recent History of US Public Private Partnerships (PPP)
• Assessing PPP Feasibility
• Delivery Models
• Procurement Methods
• Financing Tools

• Internal Revenue Service (IRS) Trends and Initiatives
• Competent Authority and Advanced Pricing Agreement Developments
• State and Local Tax Transfer Pricing and other Local Tax Dispute Trends
• An Expanding Compliance Assurance Process (CAP)
• IRS Makes Initial Use of Schedule UTP Information
• Tax Interests and Computation – Notices for the Unwary

In addition, new rules that the Basel Committee on Banking Supervision began issuing last fall are altering the capital adequacy requirements of significant financial institutions. 

To help your business understand the potential ramifications of these significant developments, this TaxWatch Webcast will:

• Provide an overview of the act and Basel III
• Examine the new capital adequacy rules established in the Act and by Basel III, including an examination of contingent convertible bonds
• Consider the tax aspects of the swaps "push-out" rule
• Address tax issues relating to "living wills" and the "Volcker" rule
• Discuss the potential impact of the new clearing, trading, and reporting rules on Section 1256
• Address tax implications of the new risk retention requirements in securitizations
• Highlight tax accounting methods issues arising from restructurings under the act

• Considerations for year-end Form 1099 filings
• IRS Information Reporting Program Advisory Committee (IRPAC) update
• Expansion of Form 1099-MISC reporting
• IRS enforcement efforts on Form 1042 vendor payments
• Issuance of cost basis reporting regulations
• Latest developments on the FATCA reporting and withholding regime
• New merchant reporting on Form 1099-K

This on-demand video Webcast focuses on the unique tax risks that arise during an economic decline, including business and financial restructuring, international transactions, and financial reporting.

• Highlights of the Dodd-Frank Act
• Issues for energy companies
• CFTC rulemaking
• What energy companies can do to prepare

This Special Topics Webcast is hosted by professionals from KPMG's Washington National Tax office and includes an examination of:

• Issues surrounding drop shipments (i.e., sale by one party but delivery by another)
• Taxation of moveable property
• General leasing issues

This is the seventh and last in a series of Webcasts that are focused on educating tax professionals located outside the United States about the basics of the U.S. Indirect Tax (sales tax) system. 

This 90-minute audio webcast provides an overview of the Dodd-Frank Act and the SEC’s proposed rules for conflict minerals, an overview of what companies are doing in response to this law and KPMG's recommended actions for Japanese companies to meet the requirements.

Background

Publicly traded companies within in a variety of industries — electronics and communications, aerospace, automotive, industrial machinery, healthcare devices, jewelry, diversified industrials and consumer goods — that use so-called "conflict minerals" (tin, tantalum, tungsten and/or gold-also known as 3TG) in their products or manufacturing processes will face a new disclosure requirement, as a result of a provision within the Dodd-Frank Act.

The provision will impact a wide-range of functions and processes within companies, from the finance and legal teams to the supply chain and procurement process to overall corporate sustainability. Because of the widespread use of these minerals, the SEC anticipates the disclosures would affect as many as 6,000 issuers.

Companies that are not SEC filers may also be impacted; suppliers to SEC companies will need to perform due diligence to be able to answer inquiries from their SEC customers.

The United States is not alone in its ongoing focus. Tax authorities from virtually every major market, as well as several states, have instituted their own rules and intensified scrutiny of transfer pricing issues to claim their share of tax revenues. The result is increased transfer pricing disputes.

KPMG LLP invites you to a one-hour audio webcast on recent developments in transfer pricing controversy and the changing landscape for dispute resolution. Professionals from KPMG's Global Transfer Pricing Services practice and Tax Dispute Resolution Services network will cover:

• Recent transfer pricing cases and the IRS' transfer pricing leadership - what they may mean for future disputes
• Exam and Appeals developments - changes in the IRS' management of issues and resources, including with respect to Tiered Issues and International Issue Specialists
• Competent Authority and Advanced Pricing Agreement developments - relationship and impact of shift in resources
• Arbitration progress - Canada, Japan, and Switzerland
• State developments - examiners working on contingency, and views of 26 USC 482

• Current economic environment for oil and gas companies
• Transfer pricing challenges in the supply chain environment
• Transfer pricing opportunities throughout the supply chain, including tax-efficient structures
• Current fiscal environment and key takeway points for companies to consider

"Cost sharing regulations", first proposed in 2005, were issued as temporary and proposed regulations in late 2008 (published January 2009). The final regulations reflect taxpayer comments and present important considerations for tax planning for intercompany transfers of intangible property (IP).

KPMG LLP invites you to a one-hour audio webcast on tax planning for transferring IP. Senior-level KPMG Washington National Tax professionals with experience in transfer pricing will examine the final cost sharing regulations and discuss general tax planning considerations for IP transfers.

Following a brief of the cost sharing regulations, speakers will cover:

• Changes to the final cost sharing regulations that companies with cost sharing arrangements should be aware of
• Methods to value platform contribution transaction (PCT) payments
• Determination of reasonably anticipated benefits
• Factors to consider in evaluating whether to use cost sharing or other methods to transfer and share in the ongoing development of intangibles
• Documentation and other compliance issues
• Alternatives to cost sharing, including arm’s-length joint development and IP partnerships

Speakers on this webcast include Charles Cope, Principal, Washington National Tax (WNT) - International Corporate Services; Clark Chandler, PhD, Principal, WNT - Economic & Valuation Services; and Tom Zollo, Principal, WNT - International Corporate Services.

• State Farm decision on loss reserves
• Notice 2011-2 Guidance on section 162(m)(6)
• Joint FASB/IASB project on accounting for insurance contracts
• Developments on life insurance reserves
• SSAP 10R Update
• Cell companies

If you answered yes to one or both of these questions, this TaxWatch webcast will be of interest to you. KPMG tax professionals are joined by representatives of two companies who share their experiences with unclaimed property audits, leading practices for audit defense, and what to expect during the audit life cycle. 

Additionally, the second part of the webcast features a discussion about a recent unclaimed property audit survey that was conducted by The Conference Board with the assistance of KPMG and the law firm McKenna Long & Aldridge.  Professionals from these organizations discuss the survey results and how you can use them to consider ways to more effectively prepare for managing the audit process at your company.

On this TaxWatch Webcast, partners and professionals from KPMG's Department of Professional Practice and State and Local Tax practices address some of the financial statement and unclaimed property risks associated with non-compliance with the states' unclaimed property reporting requirements and some ideas on how to manage total cash payout, including:

• Strategic compliance
• Risk management and controls
• Financial statement impact
• Federal Credit Card Act of 2009 and Stored Value Card Issuers
• States' reaction to the Federal Credit Card Act

• Rules to prevent splitting foreign tax credits from the income to which they relate
• Denial of foreign tax credits upon certain covered asset acquisitions
• Limitation on the amount of foreign taxes deemed paid with respect to section 956 inclusions
• Revision of section 304 in the international context

This one-hour audio Webcast, led by senior professionals from KPMG's Washington National Tax office, reviews these and other provisions in the Act and their impact on multinational enterprises. The program focuses on:

• The latest insights on the interpretations and open issues with the new laws
• Tax planning considerations for the remainder of the current tax year and after the laws become effective
• The current outlook on "extenders" legislation, especially the subpart F look-through rules and active financing exception.

This TGI on-demand video Webcast examines why a VAT, as compared to other consumption taxes, could be a likely new revenue source. The discussion also covers existing VAT systems in other countries; the Canadian experience in structuring and implementing a VAT; and other realistic options for the United States.

The discussion is designed to help board members, C-level executives, and financial and tax executives think more comprehensively about the possibility of a U.S. VAT and how it could affect their businesses.

Implementing an ERP solution is among the largest and most complex technology efforts public sector organizations will ever attempt. It will disrupt the status quo and change the way the organization conducts most of its core business processes. Additionally, ERP projects are notorious for frequent extensions in timeline and sizable budget overruns.

Learn how to mitigate the risks of an ERP implementation by joining our panel of public sector professionals who will share their front-line insights from completed ERP implementations.

Key discussion points will include:

• Common causes of ERP project delays and how to avoid them
• Critical success factors
• How to begin: setting the stage
• Skill sets needed to support implementation
• Consequences of customization

Their presentation will focus on the application issues associated with the revised Exposure Draft on revenue recognition, highlighting significant changes to existing U.S. GAAP.

Presenters:
Cliff Justice, U.S. leader, Shared Services and Outsourcing Advisory
Stan Lepeak, global research director, KPMG LLP Management Consulting
Bill Thomas, partner, Shared Services and Outsourcing Advisory Europe

Description: KPMG is released the findings from its 4Q11 Sourcing Advisory Pulse survey in this webcast. The quarterly Pulse surveys -- targeting leading business and information technology service providers and KPMG’s global sourcing advisors -- query those on the "front lines" of the shared services, outsourcing, and third-party business and IT services markets.

This edition covers October through December 2011.

Findings presented included a holistic and comprehensive view of market trends, including quantitative and qualitative gauges on the current and projected state of the shared services, third-party business process and information technology services markets.

The result is real-world insights into:

• Demand and adoption trends for shared services and third-party business and IT services
• Drivers for service delivery improvement efforts
• Trends in global business services
• Top business trends and predictions for 2012
• Outsourcing deal pricing, service provider profitability and scope

What makes the KPMG Pulse Survey data different from that presented in the press, from analyst firms, from industry conferences and from other advisory firms? No hearsay, no third-party data. You'll gain "on-the-streets" insights into when, where and how to invest to improve the chance of greater success.

Click here to listen to the recording.