General Information

Audit Committee Fundamentals 2007
Roles, Responsibilities and Resources

Location

Sofitel Chicago Water Tower

20 East Chestnut Street
Chicago, IL 60611
Phone: (312) 324-4000
Fax: (312) 324-4026

The conference sponsors have reserved a limited number of rooms at Sofitel Chicago Water Tower for participants at a negotiated rate of $345 + tax per night. Please click the "Register" link on the left to register for the conference and indicate your requirements during the registration process.

Conference Fee

The conference fee of $1,000 per attendee will help defray costs. This fee covers breakfast, lunch, and the networking reception on Day One; breakfast on Day Two; and all program materials. Participants are responsible for hotel and travel costs.

Optional Preconference Session – Reading Financial Statements 101 on Monday, June 18, 2007 is available to all attendees for an additional fee of $300. Availability of this session is subject to minimum participation. You may register for this session during the registration process. Space is limited, so be sure to register early.

Optional Lunch Session – What You Need to Know About Tax Risk Oversight and Management will take place on Wednesday, June 20 from 12:00pm–1:30pm. This session is available to all attendees at no additional cost. A brief description follows.

Sarbanes Oxley–404, FIN 48 and the demands for more transparency and disclosure by regulatory and taxing authorities throughout the world have all served to highlight the importance of understanding, measuring and mitigating a company’s tax risk.

With this increased need for transparency and disclosure, we offer this non-technical session to provide an overview on the subject of tax risk management from the perspective of an audit committee member. We will discuss a number of fundamental questions, including:

1. How does tax risk affect a company?
2. How is tax risk defined?
3. How does tax risk affect financial statements?
4. What are the tax risk factors associated with compliance, transactions, planning, controversy negotiation and settlement, and litigation?
5. Who is responsible for the oversight and management of tax risk?
6. How should tax risk be aligned with the overall corporate risk profile?
7. What are the best practices for identifying, measuring and mitigating tax risk?
8. What is the role for the audit committee regarding tax risk management going forward?

Registration

An e-mail confirmation will be sent to you upon receipt of registration. After the initial registration is submitted, all changes/cancellations to your registration must be made through the link provided in your automated Registration Confirmation e-mail. Therefore, please keep this e-mail for your reference as it will contain the website URL and your Confirmation Code.

To modify or cancel your registration, please access the website URL from your Registration Confirmation e-mail and enter your Confirmation Code in the box provided when prompted. (You can copy and paste the Confirmation Code). Once you have completed your change(s), you will receive an updated request acknowledgement e-mail.

If you cannot locate your Registration Confirmation e-mail, please contact US-NSS Meeting Registration at meetingregistration@kpmg.com or (201) 307-8488 and reference meeting # 22743. Please do not contact the hotel directly as they will not be able to modify or cancel your hotel reservation.

Networking Reception

On Tuesday, June 19, 2007, a reception will be held for all participants in the Paris Foyer from 6:00pm–7:30pm. This gathering will provide you with an opportunity to meet discussion leaders and other new audit committee members in a casual setting.

Attire

Attire for all conference activities is business casual.

Accreditation and CPE

This program has been approved for accreditation by the Institutional Shareholder Services (ISS).

Continuing Professional Education (CPE) credits are also available to participants, although state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. For purposes of CPE credits, this course is classified as an Update. This course is worth approximately 6–8 credits.

This program supports The Directors Institute's Certificate of Director Education program through the NACD and is eligible for 8 CDE credits. To learn about obtaining the Certificate, please visit www.nacdonline.org/cdinstitute.

Educational Program Contact

For additional information, contact Carol Cook of KPMG's Audit Committee Institute at (201) 505-2720.

Help

If you need assistance registering for this meeting, please contact US-NSS Meeting Registration at (201) 307-8488.