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in this issue n President’s Letter n From KPMG n Chapter Events: n FEI Technical Committees n Financial Executive Magazine n Social Networking n Chapter Contacts
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chapter sponsors We wish to thank the following sponsors who have contributed greatly to our chapter. Members are encouraged to consider doing business with these firms if you have a need for their services.
Chapter and golf sponsorships are available. For more information, contact:
n Mike Brower n Keith Krzeminski |
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chapter title sponsor |
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strategic partners |
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platinum sponsor |
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gold sponsors |
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silver sponsors |
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Chapter Administrator Jackie Dunn |
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Chapter Meeting | March 9, 2010 5201 Westgrove Dr. Dallas, TX 75248 972-931-7326 Registration deadline: Thursday, March 4 Cancellation deadline: Friday, March 5
Professional Development Session 4:00–5:45 p.m. (2 CPE credits) Fraud Considerations Panel discussion presented by: n Capital One Bank n Carrington Coleman Sloman & Blumenthal, LLP n Whitley Penn LLP
Program description: What the accounting, banking and legal professions have done to prevent and detect fraud including the types of fraud and fraud characteristics as reported by the Association of Fraud Examiners.
Cost: Free to Dallas Chapter members; Non-members: $50.00 if not also registered for the Dinner Program. Advance registration and approval required. Includes Networking Social following.
5:30–6:30 p.m. – Networking Social 6:30–8:00 p.m. – Dinner Meeting & Program (1 CPE credit) Being Green is Good for Business Garrett Boone, Co-Founder & Chairman Emeritus, The Container Store
Cost: Free to Dallas Chapter members; Non-members: $100.00. Advance registration and approval required. Includes Professional Development Session and Networking Social.
Registration FEI Dallas Chapter meetings are open to dues-paying members of the chapter and their guests. Advance registration is required. Registrations received after the registration deadline will be wait-listed and accommodated on a first-come first-served basis as cancellations occur. Qualified member prospects may attend one chapter meeting at no charge with advance registration and approval (click here to confirm qualifications prior to registration).
To register: Click program headings above to register. Login required. Register for each program separately. Guests may attend with advance registration and approval. Guest fees are payable in advance by credit card.
Guest Policy Chapter members may bring guests to chapter events with advance registration and approval. Generally, guests are not allowed repeated attendance. Guests who are qualified and interested in FEI membership may attend one meeting compliments of the chapter. Contact Jackie Dunn for more information or to request guest approval.
Cancellation Policy 48 “business” hours notice is required for cancellation. Cancellations inside 48 “business” hours and no-shows are subject to a cancellation fee equal to the guest fee. Guest fees will be refunded upon request given that cancellation is received at least 48 "business" hours prior to the event. Absent payment in advance, members are responsible for their guests' late cancellation and no-show. We recognize that plans can change at the last minute; however, as good stewards of our chapter finances we ask your help in controlling expenses due to last-minute cancellations and no-shows.
CPE Credit FEI is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Other convenient ways to get CPE credit through FEI include Articles (Financial Executive magazine), Events (live knowledge and networking opportunities), Publications, (FERF executive reports) and FERFPros (online courses). |
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What a pleasure to share time with Tony Parella, CEO of Shared Technologies, Inc., at our January dinner meeting. The author of Fractured to Fortune, Tony provided valuable insight as to why Shared Technologies is one of the 100 Best Companies to work for as ranked by Fortune magazine. The program was a learning opportunity on how to transform business culture. Thank you, Tony!
The dinner program was sponsored by Marvin F. Poer and Company and we appreciate their support. In addition to financial support, Poer provided education about reducing tax expense related to real and personal property in our professional development session earlier that day. Who knew there are so many ways to reduce expense lying in our fixed assets and real estate on the general ledger?
Capital One “Night With the Stars” – March 31 At FEI we like to have fun while we build business relationships and network, and the Chapter Board has lined up some terrific activities for this spring. Please mark your calendars for a special |
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Kathryn McBride |
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From KPMG |
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The Hidden Costs of Workforce Reduction |
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By Bruce Bush, KPMG LLP
Employee layoffs can have unintended ethical consequences, ranging from employee misconduct to breaches of security and controls. With high unemployment expected to persist well into 2010, companies would be well advised to take precautions and try to mitigate these risks.
Pressure to Perform Known or future layoffs may create pressure or incentive for employees to achieve forecasted or budgeted results by inappropriate means or in order to preserve their job or jobs of co-workers. The recent Integrity Survey by KPMG LLP, the U.S. audit, tax and advisory firm, found that “job uncertainty” remains a major driver of fraud and misconduct in the workplace. Survey respondents reported that managers and employees felt pressure to do “whatever it takes” to meet business targets; 49% of respondents feared losing their jobs if they do not meet targets. |
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Bruce Bush KPMG LLP |
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Chapter Events |
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financialexecutives.org Advocacy: n Issues Events: n Webcasts CPE Center – Get CPE credit by reading Financial Executive magazine and FERF reports FERF – Financial Executive Research Foundation Financial Executive magazine Financial Reporting Update – FASB, Tax and Legislative Updates n FEI Express n CareerTrax n Finance and Information Technology Renew your FEI national membership
chapter event schedule September 8, 2009 October 13, 2009 October 24, 2009 November 10, 2009 November 20, 2009 January 12, 2010 February 9, 2010 March 9, 2010 April 13, 2010 April 20, 2010 May 10, 2010
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FEI: The Voice of Corporate Finance Click here for Advocacy and Accounting Policy Committees updates.
Committee on Benefits Finance (CBF)
Committee on Corporate Reporting (CCR)
Committee on Corporate Treasury (CCT)
Committee on Finance & IT (CFIT)
Globalization Oversight Committee (GOC)
Committee on Government Business (CGB)
Committee on Private Company Policy (CPC-P)
Committee on Private Company Standards (CPC-S)
Committee on Taxation (COT) |
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Financial |
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cover story: |
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Online exclusives: Building a Better Chart of Accounts
Features: Financial Reporting: Financial Reporting for the Next Decade |
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Chapter Contacts |
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January 2010 |
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Are you LinkedIn? Join the FEI Group Today! Joining the FEI LinkedIn Group will allow you to find and contact other FEI members on LinkedIn, as well as more than 25 million other experiences professionals from around the world, representing 150 industries.
Want Up-to-the-Minute Regulatory News? For the latest information on regulatory developments, visit FEI’s Web site or sign up to receive email updates from the FEI Financial Reporting Blog by emailing blogs@financialexecutives.org. The FEI Financial Reporting Blog is also available on Twitter at feiblog.
Follow Us on Twitter – Sign Up Today! Now you can get FEI News on Twitter, by signing up to ‘follow’ FEI news at @feinews. FEI’s press releases automatically post via our Twitter account, and we may ‘tweet’ other FEI news from time to time. |
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Officers President Vice President Secretary Treasurer
Executive Committee Dr. David J. Springate Paul Mason Gina A. Norris
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Committees Arrangements Patti McKee Career Services Alan Stein External Relations & Publicity Michael E. Conley Golf Planning Committee Thomas C. Hook Membership Kenneth J. Judd
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Member Outreach Franklin R. Lloyd Member Retention Lista B. Hightower Professional Development Kendall Helfenbein Programs Jim Howe Sponsorship
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Social |
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Other Directors National Liaison CFO Roundtable
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Directors at Large Terry L. Beneke John Cummings David W. Palmlund
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7th Annual Texas ACG Capital Connection n March 10, 2010 George R. Brown Convention Center n Houston, TX Don’t miss the premier M&A and Private Equity business conference in the Southwestern United States. With over 1200 attendees, this is the deal-flow and networking event of the year. This national conference brings over 100 of the nation’s leading private equity and mezzanine firms to Texas representing more than $100 billion of capital available for investment. As a Supporting Organization, FEI members get ACG member pricing, |
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Save the Date! FEI Dallas May 10, 2010 Includes lunch, golf tournament, networking/ |
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Garrett Boone |
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chapter title sponsor |