Speaker

Scott Muir, CPA

A partner in KPMG’s Professional Practice Group with 15 years of combined experience, heavily focused on technical accounting and reporting matters. Currently, Scott is one of the project leaders on both the FASB leases project and the joint FASB/IASB Revenue Recognition Transition Resource Group, including the associated standard-setting projects on identifying performance obligations and licensing, gross versus net revenue reporting, and collectibility. Prior to his fellowship at the FASB, Scott was in the technical accounting group at KPMG's national office and one of the firm's leaders with respect to the FASB/IASB joint revenue recognition and leases projects. Scott's focus at the national office was monitoring and providing guidance on accounting standard setting, as well as providing technical accounting advice on the application of U.S. GAAP and IFRS, with a focus on software and other complex revenue recognition, business combinations, impairment, and leasing issues. Scott was a frequent presenter at conferences, client events, and internally for KPMG on various accounting topics, in particular the FASB/IASB convergence projects and current U.S. GAAP revenue recognition, and a principal author of numerous KPMG publications about the FASB/IASB revenue recognition and leases projects, particularly as they relate to the software, telecommunications, and A&D industries. Prior to joining KPMG's national office, Scott led the technical accounting and SEC reporting functions at a large public software company and worked within KPMG’s Technical Accounting Advisory Services and Audit groups. Scott’s professional experience has focused on the software and telecommunications industries, as well as other high-tech areas. Through these experiences he has led the technical accounting and SEC reporting efforts of a large public software/software-as-a-service (“SaaS”) company, managed Fortune 500 SEC audit engagements, and assisted a Fortune 1000 client in the software and telecommunications space through a multi-year revenue recognition related financial restatement. In each case, he has helped manage the entity through a variety of transactions including acquisitions, dispositions/carve-outs, debt and equity transactions, complex software and other revenue arrangements, as well as ICOFR implementation and subsequent reporting. In addition, he has assisted clients with the implementation of new accounting pronouncements including those related to internal-use software, accounting for multiple-element revenue arrangements, and accounting for convertible debt with conversion options. Muir received a BS in Accounting from Alfred University and is a member of the AICPA. He is a CPA in New York, Illinois, Colorado and Connecticut.