KPMG Webcast To Address Audit Committee Oversight Of Tax Risk

NEW YORK, Sept. 24, 2012 /PRNewswire/ -- The Audit Committee Institute (ACI) at KPMG LLP, the U.S. audit, tax and advisory firm, will co-host a webcast with the National Association of Corporate Directors (NACD) to provide a "board's eye view" of today's global tax environment and offer insights to help audit committees strengthen their oversight of tax as a key financial reporting, compliance and reputational risk.

The webcast, scheduled for Thursday, September 27, 2012 from 11 a.m. – 12 p.m. ET, will provide an overview of the dialogue audit committees should have with tax directors to better understand companies' tax risk profiles and how risks are managed. Panelists will address several corporate governance issues including recent changes to financial reporting and disclosure and important legislative and regulatory developments.

"In today's challenging business and regulatory environment, tax strategies and risks have to be a consideration for any effective audit committee," says Tom Duffy, National Managing Partner for Audit at KPMG. "And that requires regular interaction with the tax director and robust discussion of the company's tax profile."

Joining Duffy on the webcast to provide their insights and perspectives will be Eugene DeMark and Vernon Turner. Mr. DeMark a director at BankUnited, Inc. and 1-800-Flowers.com, Inc. Mr. Turner is Vice President of Corporate Tax at Smithfield Foods.

Board members, finance and other business professionals interested in participating in the webcast can register here. The webcast is part of a quarterly series co-hosted by the NACD and KPMG's Audit Committee Institute.

About KPMG LLP

KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International.") KPMG International's member firms have 145,000 people, including more than 8,000 partners, in 152 countries.

About National Association of Corporate Boards

The National Association of Corporate Directors (NACD) is a nonprofit membership organization for corporate board members. With more than 12,000 corporate director members, NACD provides world-class director education, director training and proprietary research about leading boardroom and corporate governance practices to promote director professionalism and bolster investor confidence.

Contact: Bridget C. Carroll / Robert Nihen 
KPMG LLP
201-505-6501 / 201-307-8495
[email protected] / [email protected]

SOURCE KPMG LLP

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