I recently updated Kaspersky to KIS 2012. Upon reboot of my system and with Teatimer running in the background, Teatimer reported avp.exe was a virus and terminated the process. It identifies it as Win32.Delf.JKH virus or malware.

I'm pretty sure this is a false positive but not 100% sure. I didn't delete the file and made the process avp.exe run its course. If this is a false positive please make the correction on a future update as soon as possible. I disabled Teatimer for the time being.