The New PE GAAP is about to descend on us! Come hear Robert Young (National Assurance and Professional Practice, KPMG Enterprise). Robert has been heavily involved in the formation of PE GAAP, also known as a GAAP expert more generally. Expect to hear his comments regarding:
- What are the most controversial of ASPE for clients the size/structure small firms deal with?
- What are some of the challenges and solutions regarding opening balance sheets?
- How would you recommend practitioners explain the change to ASPE and the benefit to their clients?
- What questions do you anticipate clients and firms might receive from bankers/bonding agencies, etc. and what do you suggest the answers might be?
- What lessons have you learned (including challenges, efficiencies, etc) have you learned from the clients who have moved to ASPE in these early days?
NOTE: Given the topic, Bob will be speaking for approximately one hour. Please plan accordingly. Expect this to be a 2011 Professional Development Highlight Event!!!
Robert G. (Bob) Young, FCA
Bob has served as Partner-In-Charge of Risk Management and Professional Practice for KPMG Enterprise Enterprise Practice since 2003. Prior to assuming this national role with its focus on serving private business, Bob was the partner in charge of the audit and assurance practice in KPMG Edmonton. As an assurance partner, he provided audit and review engagement services to a wide variety of clients ranging from owner-managed businesses to large petrochemical installations. Bob also served numerous clients in the public sector including municipalities, universities and hospitals.
Bob has always had a strong interest in professional development and professional practice matters. He served as a sessional lecturer in accounting at the University of Alberta before joining the Student Education Committee of the Institute of Chartered Accountants of Alberta. He later served on and chaired the Alberta Institute’s Practice Review Committee and was elected to the Institute’s governing Council in 1993, ultimately serving as President in 1999/2000. After moving to Ontario, Bob continued his service to the profession. He chaired the task force of the Auditing and Assurance Standards Board of the Canadian Institute of Chartered Accountants that developed the new standard on terms of engagement. He was subsequently appointed to a three year term on the Board. Following the completion of his term, he joined the Advisory Committee assisting the Accounting Standards Board in developing accounting standards enterprises private enterprises. He now serves on the Enterprise Private Enterprise Advisory Committee which provides ongoing support to the Accounting Standards Board in the maintenance of Canada’s accounting standards for private business.
Bob is a strong advocate of the new accounting standards enterprises; private enterprises; he made numerous presentations on the new standards in 2009 and 2010 to business audiences from Halifax to Victoria on behalf of KPMG and the Financial Executives Institute of Canada. He also, in conjunction with Ron Salole, VP Standards of the CICA, presented to the 2009 Banff Small Practitioners Forum.