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The Accounting Research Manager (ARM) Group helps accounting professionals make sense of the proliferation and complexity of U.S. accounting, auditing, governmental and SEC rules by providing an efficient and convenient way to find and apply the right rules to whatever situations they may encounter. We do this by providing the gold standard of web-based accounting research guidance and tools.
Accounting Research Manager was developed by highly credentialed individuals in the accounting profession. It is currently on the desktops of thousands of accounting professionals around the world. We are committed to the tradition of delivering quality and timely information to financial reporting professionals.
The Chicago-based Accounting Research Manager Group has a staff of content, publishing, and technology experts dedicated to updating and maintaining ARM. The content experts have nearly 200 years of aggregate experience as CPAs and financial reporting professionals.
Our Authors
Accounting Professional Contributors
Editorial Advisory Board
Our Authors
Mark L. Friedlich, Esq.
Director, Accounting, Audit, and International Tax
Mark L. Friedlich, Esq. is a tax attorney with over 30 years of experience in working with and advising corporate tax departments and tax advisors on domestic and international tax compliance and accounting matters. He has written quite extensively on tax and accounting issues and often speaks on accounting for income taxes, accounting for uncertainties in income taxes, forensic accounting and fraud, and IFRS. In addition, he is a member of the AICPA team responsible for drafting IFRS-related questions for the CPA exam. Mr. Friedlich spent eight years as Director of Global Thought Leadership and Publishing for PricewaterhouseCoopers. Before that, he spent almost 20 years as a publishing and software executive for leading tax, accounting and legal publishing companies. He is currently an editorial director at CCH, a Wolters Kluwer business.
Steven N. Fortney,
CPA
Steven contributes to the authoring and maintenance of CCH’s accounting content. Before Steven joined CCH, he held several positions over a 30 year period with a Fortune 500 company in charge of technical accounting matters, and internal and external financial reporting.
Steven holds a bachelor’s degree from the University of Wisconsin - Madison. He is a member of the Wisconsin Institute of Certified Public Accountants.
Rosalee Hacker,
CPA
Rosalee contributes to the authoring and maintenance of CCH’s audit content specializing in the Knowledge-Based Audit (KBA) products. She has more than 25 years of industry and public accounting experience including being the Chief Auditor of a mid-size New York bank, internal audit manager for Citigroup consumer businesses in Asia, and a Senior Manager at PricewaterhouseCoopers. While at PricewaterhouseCoopers, Rosalee provided audit and consulting services to a wide range of clients and was assigned to a two-year tour of duty in the firm's national office where she was a member of a team that developed firm-wide auditing standards.
Rosalee holds an MBA from the University of Southern California. She is a CPA in Texas, California, and New York and is a member of the AICPA and the Texas Society of Certified Public Accountants.
Lawrence C. Koral,
CPA, BSC/MAcc
Larry contributes to the authoring and maintenance of CCH’s accounting content. Before Larry joined CCH, he held several positions over a 20 year period with several public companies in charge of external reporting. Prior to his career in private industry, he was a senior accountant in Arthur Andersen’s audit practice.
Larry holds both a bachelor’s degree (with an emphasis in accounting) and a Masters in Accounting from DePaul University. He is a member of the AICPA.
Paul A. Mackey,
CPA
Paul contributes to the authoring and maintenance of CCH’s SEC content. Paul has held several positions over a 14 year period focusing primarily on external SEC reporting and technical accounting research. Paul’s career has included positions with both Fortune 500 companies and a global public accounting firm.
Paul holds a BBA with a concentration in accounting from the University of Michigan at Dearborn and a JD from The John Marshall Law School in Chicago. Paul is a member of the AICPA.
J. Tim McCormick,
CPA
Tim contributes to the authoring and maintenance of CCH’s accounting and auditing content. Tim has 18 years of accounting and audit supervisory experience primarily with large regional public accounting firms. He has also served as an independent business consultant, CFO of the U.S. subsidiary of an international public company, and as controller for a private Chicago university.
Tim graduated with high distinction from the University of Kentucky. He is a member of the AICPA and has led seminars for state societies of CPAs and university classes on audit risk and fraud.
Robert Pearson,
CPA
Robert contributes to the authoring and maintenance of CCH’s audit content specializing in the Knowledge-Based Audit (KBA) products. Prior to joining CCH, he was an auditor and consultant in public accounting and industry. Robert had his own consulting firm, worked as the corporate controller for a consortium of companies, and was an audit manager in a top 25 public accounting firm serving clients in attestation and audit engagements in the manufacturing, retail, not-for-profit, and local government sectors.
Robert is a licensed CPA in Idaho and holds a M.S. in Accountancy from Boise State University. He is a member of the AICPA and the Idaho State Society of CPAs.
Tracy L. Procajlo,
CPA
Tracy contributes to the authoring and maintenance of CCH’s accounting and audit content. Tracy has 13 years of public accounting experience, including several years as a senior audit manager for a prominent Chicago-based CPA firm. She has also been a manager with CCH for over 5 years.
Tracy is a member of the AICPA and the Illinois Society of CPAs. She holds a bachelor’s degree in accounting from the University of Illinois, Champaign/Urbana.
Denise M. Silva,
CPA
Denise contributes to the authoring and maintenance of CCH’s audit content specializing in the Knowledge-Based Audit (KBA) products. She has more than 12 years of experience in accounting and auditing, with roles ranging from a client service professional to a technical resource to adjunct professor. Prior to joining CCH, she was as a senior manager in a Mid-Atlantic accounting and professional services firm, where she served in the firm’s quality control and risk management function providing technical accounting, assurance, and financial reporting guidance to partners and managers across all of the firm’s industry groups. Additionally, she developed and delivered the firm’s risk-based methodology training to all levels of professionals. Previously, she was with a Big 4 firm providing accounting and auditing services to state and local governments, and clients in various industries including not-for-profit, higher education, technology, software, and manufacturing.
In addition to her writing and development responsibilities, she has served as an adjunct professor at Golden Gate University, in San Francisco, Calif., and American University, in Washington, D.C. Denise teaches Accounting Research and Communication; Advanced Auditing and Assurance Services; and Ethics in Business.
Mary P. Taylor,
JD
Mary contributes to the authoring and maintenance of CCH’s accounting content. Mary has more than 15 years experience in tax law, accounting, and audit research and writing. She was a practicing tax attorney for 10 years.
Mary holds a bachelor’s degree from the University of Illinois and graduated summa cum laude from the University of Illinois - College of Law.
Accounting Professional Contributors
George Georgiades,
CPA
George has more than 32 years of experience in public accounting, including seven years with the former international public accounting firm Ernst & Whinney. He currently has his own firm and consults exclusively with CPA firms on technical accounting, auditing, and financial reporting and disclosure issues. He works closely with senior partners in charge of the quality control and accounting and auditing technical functions at several CPA firms. He also has served as an engagement quality reviewer on hundreds of audit engagements related to financial statements of both small, closely held companies and large, publicly held enterprises.
George is the author of the GAAP Financial Statement Disclosures Manual, GAAS Practice Manual, and the GAAS Update Service and has contributed extensively to several other publications. He is also author of numerous articles, continuing education courses, and periodicals on issues related to audit quality and financial reporting. He has conducted peer reviews, consulting reviews, and inspections of CPA firms.
A graduate of the University of Toledo, Ohio, he is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants, and served on the California Society of CPAs’ Peer Review Committee.
H. David Sherman,
CPA
H. David Sherman is a CPA and tenured Full Professor of Accounting at Northeastern University’s College of Business Administration. He has served on the faculty of the MIT Sloan School of Management and as a visiting faculty member at INSEAD in Fontainebleau, France. In August 2004, David was appointed for a one-year term as an Academic Fellow in the Division of Corporation Finance of the Securities and Exchange Commission in Washington, D.C. He is the co-author of Profits You Can Trust—Spotting and Surviving Accounting Landmines as well as of “The Audit Committee's New Agenda” in the June 2009 issue of the Harvard Business Review.
David has been an invited speaker on shareholder reporting issues at national professional meetings and academic meetings in the United States, Europe, and China. He also works on managing service productivity and the use of a technique referred to as “Data Envelopment Analysis.” His book Service Productivity Management —Improving Service Performance using Data Envelopment Analysis, published in 2006, includes applications to financial services, health care, and government services. He served as a director and manager of several businesses and has consulted on financial performance issues with major corporations, banks, and the Financial Accounting Standards Board.
David Sherman is the author of our publication, Interpretations of Topic 820, Fair Value Measurements and Disclosures (formerly known as Interpretations of FASB Statement 157). David is an advisor to Accounting Research Manager on International Financial Reporting Standards and participated in the review of the international content in ARM’s Accounting Standards.
Ric Rosario
CPA, CFE
Ric is vice president of Risk Management Services at CAMICO. Mr. Rosario worked at John F. Forbes & Co., in the audit division. He later joined a start-up real estate venture as controller and completed his tenure as CFO. He is a part-time lecturer on accounting at Notre Dame de Namur University, Belmont, CA. He earned his BS in accounting and attended a two-year MBA program.
Ric is a co-author of CPA's Guide to Effective Engagement Letters.
Suzanne M. Holl
CPA
Suzanne is manager of Loss Prevention Services at CAMICO. She has more than 13 years of accounting experience. Her background includes health care administration in the fields of accounting, benefits administration and human resources. She is a licensed CPA and graduated with a BS in accounting from Golden Gate University in San Francisco. Prior to joining CAMICO, she was Director of Employee Benefits and Health Services at a large children’s hospital based in Fresno.
Suzanne is a co-author of CPA's Guide to Effective Engagement Letters.
Ron Klein
JD, CFE
Ron is the president of CAMICO Services, Inc., a subsidiary of CAMICO Mutual Insurance Coverage that provides resources and loss prevention and risk management issues to CPAs. Educated as an accountant and an attorney, Mr. Klein holds a BS in business administration and a JD. Before joining CAMICO, he was a controller, a practicing attorney and a vice president of finance in the real estate syndication industry. He is a member of the California Society of CPAs’ Committee on Professional Liability and a frequent speaker.
Ron is a co-author of CPA's Guide to Effective Engagement Letters.
Eric S. Berman
CPA
Eric has over 20 years of governmental accounting and auditing experience and is a Quality Control Partner and Principal with Brown Armstrong Certified Public Accountants of Bakersfield, California. Eric manages the firm’s Pasadena, California, office. Prior to joining Brown Armstrong, he was a Deputy Comptroller for the Commonwealth of Massachusetts from 1999 to 2010, and the Chief Financial Officer of the Massachusetts Water Pollution Abatement Trust from 1994 to 1999. Eric is a licensed CPA in Massachusetts and also holds practice privileges (with attest) in California. He obtained an M.S. in Accountancy from Bentley University. Eric represents the Association of Government Accountants (AGA) for the Government Accounting Standards Advisory Council to GASB and chairs the AGA’s Financial Management Standards Board. He also is the past chair of the American Institute of Certified Public Accountants (AICPA) Governmental Performance and Accountability Committee and was also a member of the AICPA’s State and Local Government Expert Panel. Eric is frequently called upon to consult and train state and local governments throughout the country on governmental accounting and auditing.
Eric is the author CCH’s Governmental GAAP Guide, Governmental GAAP Practice Manual, and Knowledge-Based Audits of State and Local Governments with Single Audits.
Xenia Ley Parker
CIA, CISA, CFSA
Xenia is an IT auditor with over 22 years of experience. Principal of her own firm since April 2000, Xenia joined Marsh, Inc., as Vice-President, Compliance Enterprise Technology Group, in 2004. In 2006 she assumed the position of Senior Audit Director, MMC, with global IT audit responsibility. With Coopers & Lybrand LLP for 14 years and Ernst & Young for three, she served clients in telecommunications, financial services, retail, manufacturing, and nonprofit organizations.
Xenia has developed and implemented audit methodologies, risk assessment tools, seminars, policies and procedures, and collateral material for internal and external auditors. With CBS Inc. for six years, she was Associate Director, Production, of the UNIX-based data center for CBS/AT&T Venture One, one of the earliest online services tests, which evolved into today’s Prodigy.
Ms. Parker developed the IT content in the Committee of Sponsoring Organizations (COSO) study, Internal Control—Integrated Framework, has written numerous Information Systems Audit and Control Association (ISACA) and Institute of Internal Auditors (IIA) monographs, and is author of the Critical Infrastructure Assurance Office (CIAO) U.S. Department of Commerce reports “Information Security Governance: What Directors Need to Know” and “Building, Managing and Auditing Information Security,” the e-Risk Primer, and co-author of the Handbook of IT Auditing, 1st through 3rd editions. A frequent presenter at major conferences, Xenia was adjunct Assistant Professor of Information Systems at New York University for four years. Member of the IIA and ISACA, Certified Information Systems Auditor (CISA), Certified Internal Auditor (CIA) and Certified Financial Services Auditor (CFSA), she is on the IIA’s International Professional Conferences Committee (formerly on Advanced Technology), and the Board of Governors, IIA New York chapter. Xenia received the International IIA 1993 Auditing and Technology Award and New York Chapter Lifetime Achievement Award, among others.
Xenia is an author of CCH’s, Information Technology Audits.
Lynford Graham
CPA
Lynford has over 25 years of experience in audit practice and policy development. Dr. Graham is a member of the American Institute of Certified Public Accountants (AICPA). As a member of the Auditing Standards Board during development of SAS-95 through SAS-112, Dr. Graham chaired the AICPA Audit Documentation Task Force (SAS-103), the 2006 and 2009 Risk Assessment Standards Audit Guide Task Force (SAS-104 through SAS-115), and the 2008 revision of the Audit Sampling Guide. A U.S. representative to the IAASB Materiality (ISA-320 and ISA-450) Task Force, Dr. Graham was also a founding member of the AICPA’s Information Technology Section and served on its first Executive Committee.
As a partner and National Director of Audit Policy at BDO Seidman, LLP, Dr. Graham was responsible for firm audit policy, methodology, sampling, and software. Prior to joining BDO, Dr. Graham was an Associate Professor of Accounting and Information Systems and Graduate Faculty Fellow at Rutgers University, in Newark, N.J. Previously he was a National Accounting & SEC Consulting Partner at Coopers & Lybrand, where he was responsible for technical issues and auditing research, and sampling techniques.
Dr. Graham is a Certified Fraud Examiner and a member of the Association of Certified Fraud Examiners. His experience includes consulting on internal control, statistical and audit issues, including inventory sampling, fraud investigations, litigation consulting, cost-reimbursement studies, and loan reviews. He has worked with a variety of government agencies on the implementation of audit regulations.
Dr. Graham is a member of the American Accounting Association (AAA) and has served as Vice Chairman of the Auditing Section and on various committees and task forces. In 2002 he received the Distinguished Service Award of the AAA’s Auditing Section. He holds an MBA in Industrial Management (Wharton School) and a Ph.D. in Business and Applied Economics from the University of Pennsylvania (Wharton). Currently, he is a consultant on accounting and auditing matters.
He is Visiting Professor of Accountancy and Executive in Residence at Bentley University, in Waltham, Mass., and an author of his own book on compliance with SOX 404, and a book on documenting internal controls for nonpublic entities, and is a joint venture partner in the internal controls documentation software ControlsDocsm.
Dr. Graham is an author of CCH’s, Information Technology Audits.
Bert L. Swain
Bert Swain attended American University on scholarship and graduated in 1979 with a Bachelor’s Degree in Accounting. He later returned and earned a Master’s Degree in Taxation, in 1987. After graduation in 1979, Mr. Swain was immediately employed by a national accounting firm, where he gained broad experience in audits of many types of organizations.
In 1983, Mr. Swain joined Kamerow, Weintraub & Swain, LLP, to manage the audit and accounting segment of the practice that now encompasses numerous clients in various industries such as professional services, retail, not-for-profit, and others. He is also the Director of Quality Control with regard to the firm’s accounting and audit practice. In 2006, Kamerow, Weintraub & Swain, LLP merged with Dixon Hughes Goodman LLP, where Mr. Swain is a partner and serves the firm on various committees.
Mr. Swain is a member of the American Institute of Certified Public Accountants (former Council member), the Maryland Association of Certified Public Accountants, the Association of Practicing Certified Public Accountants, the Association of Certified Fraud Examiners, and the Greater Washington Society of Certified Public Accountants (GWSCPA), where he has served as a member of the Board of Governors and was President for the 1995–96 fiscal year.
Bert is the author of CPA’s Guide to Management Letter Comments.
Mark Dauberman
CPA, EMBA
Mark Dauberman, is the president of Mark Dauberman Seminars, which provides staff training and continuing professional education to accountants in public practice, government, and industry. In addition, Mark Dauberman Seminars provides consulting services to local and regional CPA firms with a focus on the efficient and effective performance of attest engagements and compliance with standards.
Mr. Dauberman has more than 40 years of professional experience, including a mix of public accounting, private industry, and entrepreneurship. His public accounting experience includes service as a partner of a large local CPA firm where he served as director of the A & A practice. His private industry experience includes both controllership and service as financial vice president of a real estate development company. As an entrepreneur, he created and operated The Mark Dauberman CPA Review Course, succeeded by Mark’s CPA Review Course, until 2001.
Mr. Dauberman earned a B.S. in accounting from California State University at Northridge in 1970 and an Executive MBA from the Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University in 2010, where he had been a student of Dr. Drucker in 1971. He is a certified public accountant and an active member of the California Society of Certified Public Accountants, where he currently serves on the statewide Accounting Principles and Auditing Standards Committee and the statewide Accounting Education Committee.
Mr. Dauberman is the author of CCH’s Knowledge-Based Compilations and Reviews.
Warren Ruppel
Warren Ruppel began his career in 1979 with KPMG Peat Marwick after graduating from St. John’s University, New York. He served numerous audit clients, including many not-for-profit organizations and governments that received federal financial assistance. In 1989, he joined Deloitte & Touche to specialize in audits of not-for-profit organizations and governments.
Mr. Ruppel has since served as the CPO of a not-for-profit organization subject to the requirements of A-133, as a partner in a small CPA firm, and as an assistant comptroller for accounting for a large municipal government. He has written and conducted numerous training courses and seminars over the course of his career and is widely published in the areas of not-for-profit and governmental accounting and auditing. In addition, he has taught for the NY State Society of CPAs and has been an Adjunct Lecturer of Accountancy at the Bernard M. Baruch College of the City University of New York.
Mr. Ruppel is a member of the AICPA and the NY State Society of CPAs, where he serves on the Not-for-Profit Accounting and Governmental Accounting and Auditing Committees. He is a former president of the NY chapter of the Institute of Management Accountants. He is also a member of the Special Review Committee of the Government Finance Officers Association.
Warren is currently the author of CCH’s Knowledge-Based Audits of Not-for-Profit Organizations with Single Audits.
Robert J. Sonnelitter, Jr.
CPA
Robert is the Director of Quality Control at Miller Ellin & Company, LLP in New York City. He has led the quality control and accounting and auditing technical functions at several CPA firms and has more than 32 years of experience in public accounting, industry, and accounting and auditing research. Mr. Sonnelitter’s experience includes nine years with a major international firm, which he left as a senior audit manager, and several years as a Project Manager at the Financial Accounting Standards Board (FASB). He provides expert services regarding accounting and auditing matters in litigation as well as providing research services on difficult accounting and auditing issues for clients and CPA firm partners.
Mr. Sonnelitter has published articles on accounting and has provided comments concerning proposed accounting or audit standards to the FASB and the Public Company Accounting Oversight Board (PCAOB).
Robert is author emeritus of CCH’s SOX 404 for Small, Publicly Held Companies.
Paul J. Sobel
CPA, CIA
Paul has 27 years of auditing experience at four Fortune 500 companies and a major international public accounting firm. He is currently Vice President, Internal Audit for Mirant Corporation, an international energy company based in Atlanta, Georgia. Prior to his current job, he was Vice President, Risk Assessment for Aquila, Inc., an international energy company based in Kansas City, Missouri. His responsibilities at these two companies included developing and implementing Enterprise Risk Management techniques and directing internal audit activities. He is a frequent speaker on ERM topics at conferences around the country, and achieved Distinguished Faculty honors as an instructor of seminars for the Institute of Internal Auditors.
During his career with Arthur Andersen, Paul gained extensive experience performing and managing financial statement and risk-based internal audits. He was active in firm-wide initiatives, including the development of the firm's risk assessment methodology and training. He also contributed to and instructed the firm's risk consulting essentials course, and participated in the development of a risk management diagnostic tool.
Paul's career has also included the Audit Director position at Harcourt Brace publishers in Orlando, Florida, and the International Audit Manager position with PepsiCo, based in Purchase, New York. He is a graduate of Washington University in St. Louis, Missouri, and is active in the Institute of Internal Auditors, both at the national and local levels.
Paul is currently the author of CCH’s publication, Auditor’s Risk Management Guide: Integrating Auditing and ERM.
Frank M. Burke
J.D., CPA
Frank lives in Dallas, Texas, where he is Managing General Partner of Burke, Mayborn Company, Ltd., a private investment firm holding interests in real estate, banking, electronics, publishing, and commercial fishing. In addition, through Burke, Mayborn Company, Ltd., he provides consulting services to companies engaged in oil and gas, equipment rental, real estate, cable television, and newspapers. Mr. Burke serves, or has served, on thirteen public company boards of directors and audit committees, chairing nine of the audit committees. He also serves, or has served, on numerous private company and not-for-profit boards.
Prior to the creation of Burke, Mayborn Company, Ltd. in 1984, Mr. Burke was a partner in Peat, Marwick, Mitchell & Co. (now KPMG) and served as Chairman-Energy Group for Peat Marwick International, having as one of his responsibilities meeting with boards and audit committees worldwide. He also served on the board of directors of Peat, Marwick, Mitchell & Co. for six years. Over the past 30 years, Mr. Burke has written seven books and over one hundred articles on various business, financial, and tax subjects. In 1977, he drafted the terms of the original limited liability company legislation enacted in Wyoming, and in 1981 obtained the first ruling from the IRS regarding the partnership status of the Wyoming limited liability company. Mr. Burke received his BBA and MBA from Texas Tech University and his J.D. from Southern Methodist University.
Frank is currently an author of the publication, Audit Committees: A Guide for Directors, Management, and Consultants.
Dan M. Guy
Ph.D., CPA
Dan lives in Santa Fe, New Mexico, where he has a practice limited to litigation services, specializing in auditor malpractice and ethical issues. He frequently testifies about auditing and accounting matters when retained as an expert by both plaintiffs and defendants. He completed an 18-year career with the American Institute of Certified Public Accountants (AICPA) in January 1998, where he was Vice President-Professional Standards and Services, having overall responsibility for, among other things, the Auditing Standards Board and international auditing matters. During his tenure at the AICPA, Dr. Guy was significantly involved in developing the authoritative standards on audit risk and materiality, fraud, illegal acts, internal control, and communication with audit committees. He is the author of eleven books, including Practitioner’s Guide to GAAS, The Guide to International Standards on Auditing and Related Services, and Ethics for CPAs: Meeting Expectation in Challenging Times.
Prior to joining the AICPA as Director of Auditing Research in 1979, Dr. Guy was a professor of accounting at Texas Tech University and a visiting professor at the University of Texas at Austin. He was also in public accounting with Peat, Marwick, Mitchell & Co. (now KPMG). He received his Ph.D. at the University of Alabama. In 1998, he received the John J. McCloy Award for outstanding contributions to audit quality in the United States. The Public Oversight Board that monitors the SEC Practice Section of the AICPA’s Division for CPA firms presented the award. In January 2001, he received the Distinguished Service in Auditing Award from the Auditing Section of the American Accounting Association.
Dan is currently an author of the publication, Audit Committees: A Guide for Directors, Management, and Consultants.
Kay W. Tatum
Ph.D., CPA
Kay is Associate Professor of Accounting at the University of Miami in Coral Gables, Florida. Professor Tatum earned her Ph.D. in accounting at Texas Tech University. Professor Tatum is co-author of the monograph Developments in the Audit Methodologies of Large Accounting Firms and articles on auditing topics that have appeared in the Journal of Accountancy and The CPA Journal.
Professor Tatum is an active member of the AICPA and the American Accounting Association. She was a member of the AICPA’s Task Force that developed SAS 84 on communications between auditors and a member of the AICPA’s International Auditing Standards Subcommittee from 1998 to 2003. She served as Secretary of the Auditing Section of the American Accounting Association from 2004 to 2006. She was a member of the Public Company Accounting Oversight Board’s Standing Advisory Group from 2004 to 2005. Professor Tatum currently serves on the board of directors of a public company, chairing its audit committee.
Kay is currently an author of the publication, Audit Committees: A Guide for Directors, Management, and Consultants.
Michael A. Peer
CPA, CFE
Michael has more than 16 years of experience in accounting and auditing. Currently, he is Senior Director of Internal Audit with Brookdale Senior Living, Inc., the largest owner and operator of senior living communities in the United States. His focus is audit, including Medicare and Medicaid regulatory compliance, financial statement GAAP compliance, and operational efficiencies.
He started and spent the majority of his career with two regional CPA firms, where he was an audit partner and worked extensively on health care audits. His clients ranged from small physician practices to continuing care retirement communities and large integrated hospital systems. He is an accomplished speaker and author on accounting, audit, and fraud investigation topics and has significant experience in designing and implementing internal controls.
Mr. Peer is a Certified Public Accountant in Wisconsin and is a member of the American Institute of Certified Public Accountants, the Wisconsin Institute of Certified Public Accountants, the Institute of Internal Auditors, and the Association of Certified Fraud Examiners. He is currently the author of CCH’s Knowledge-Based Audits of Health Care Entities.
Eric P. Wallace
CPA
Mr. Wallace is a partner in Carbis Walker LLP, where he has served on the firm’s management board and as the firm’s construction industry coordinator. Mr. Wallace’s practice base is diverse both in types of specialized contractors and developers and in geographic areas, including Pennsylvania, New Mexico, North Carolina, Virginia, Indiana, and Colorado.
Mr. Wallace is a member of the American Institute of Certified Public Accountants (AICPA), where he served on its Private Company Financial Reporting Task Force, which investigated the issues surrounding a separate due process for private company GAAP, culminating in the new Private Company GAAP Committee, in 2006, and on the AICPA Council (2004–2008). He is also a member of the Pennsylvania Institute of Certified Public Accountants (PICPA), where he served as past chairman of Accounting & Auditing Procedures Committee and on the PICPA Council (2002–2004), and is President Elect for 2008–2008. He is a member of the Contractors Association of Western Pennsylvania (CAWP), the Masters Builders Association of Western Pennsylvania, and the Construction Financial Management Association (CFMA) (having served on its Tax & Legislative Affairs Committee as co-Chairman from 2004 through 2006), and he currently serves as representative on the national Tax and Fiscal Affairs Committee of the Association of General Contractors (AGC).
Mr. Wallace has testified as an expert witness on a broad range of contractor tax and accounting issues in construction-related court cases in venues such as bankruptcy, district, and local courts in several states, and he has represented numerous contractors before the IRS, U.S. DOL, and various state revenue departments. Mr. Wallace has published numerous articles in newsletters, books, and other media.
Eric is the author of the CCH publication, Construction Guide: Accounting and Knowledge-Based Audits.
Jeffrey H. Ellis
Jeffrey H. Ellis is the lead contributing author who updates the content in our publication, Accounting for Leases — Interpretations of U.S. GAAP.
Jeff was the principal author of this publication when he was a partner in Arthur Andersen’s PSG
James F. Green
James F. Green is the lead contributing author who updates the content in our publication, Derivatives and Hedging — Interpretations of U.S. GAAP. He is also the lead contributing author, supported by John E. Stewart, who updates the content in our publication, Financial Assets and Liabilities — Sales, Transfers, and Extinguishments: Interpretations of U.S. GAAP.
Donald P. Delves
Donald P. Delves is the lead contributing author of our publication, Accounting for Compensation Arrangements. Don is founder and president of The Delves Group, a Chicago-based compensation consulting company. He consults with corporate boards and management on various compensation matters.
Don is author of “Stock Options and the New Rules of Corporate Accountability” (2003, McGraw-Hill) and many articles for a variety of governance, compensation, finance and accounting publications. He is also a member of the FASB’s Statement 123R Resources Group, a group organized to address Statement 123R [Codified primarily into Topic 718, Compensation – Stock Compensation] implementation issues.
Don is a CPA and holds an EdD in Corporate Governance from Fielding Graduate University, an MBA in finance from the University of Chicago and a BA in economics from DePauw University. He is a member of, and regular speaker for, the National Association of Corporate Directors, the National Association of Stock Plan Professionals, and World at Work.
Diane Kirk
Diane Kirk, of Ehrhardt Keefe Steiner & Hottman PC, is the lead contributing author who updates the content in our interpretation, “Oil and Gas Industry: U.S. Accounting and Financial Reporting.” Diane has over 20 years of experience in public accounting and industry with an emphasis in the oil and gas industry. Diane is a member of the AICPA, Colorado CPA Society and the Council of Petroleum Accountants Societies, Inc. (COPAS).
Editorial Advisory Board
Dorsey L. Baskin, Jr.
Grant Thornton
Managing Partner, Assurance Services Development
Mr. Baskin is a member of Grant Thornton's national office and currently is the managing partner, “Assurance Services Development.” In this capacity, he helps those in Firm evaluate and implement new auditing and related pronouncements. Previously, he was the Regional Partner in Charge of Professional Standards for the South Central region of the United States. In this capacity, he is consulted on difficult accounting, auditing, and risk management matters.
Prior to Grant Thornton, Mr. Baskin spent more than 25 years with Arthur Andersen, LLP in a variety of positions, most recently in Chicago as the Managing Director of the Assurance Professional Standards Group. He was responsible for maintaining firm wide policy manuals and practice aids related to Andersen’s global audit and other attest services, and consulting on engagement matters related to firm policies and compliance with professional audit and attest standards.
Mr. Baskin also spent 10 years in Washington, D.C., as an industry technical director and regulatory liaison. Before moving to Washington, D.C., he worked in Chicago as a manager in the firm wide Accounting Principles Group and in Houston for 10 years as an auditor of banks, thrifts, REITs, trust companies, and real estate developers.
Mr. Baskin has served as a member or chairman of several American Institute of Certified Public Accountants (AICPA) committees and task forces. He graduated from Texas A&M University with an M.B.A. and a B.A. (Physics).
James F. Green
James F. Green is an Illinois CPA who helps people understand complex accounting principles through his writing and by onsite training.
Previously, as a partner in Arthur Andersen LLP’s Professional Standards Group, he developed and communicated Andersen’s technical accounting positions on derivatives, hedging activities, financial instruments, securitizations, and foreign currency translation—authoring firm guidance and comment letters, participating in the U.S. and international standards-setting process, and consulting with internal and external clients.
Before joining Andersen, Jim managed and was a primary author on financial services issues for the American Institute of Certified Public Accountants (AICPA), working with the U.S. Congress, federal regulatory agencies, private-sector standards setters, and CPAs in industry and public practice on relevant issues and proposals. Jim received a BBA in accounting from the College of William and Mary in Virginia. He joined the AICPA after six years of experience serving large publicly held financial services clients at KPMG.
Jeffrey W. Lenz
BDO Seidman, LLP
Partner, National SEC Department
Jeffrey W. Lenz, CPA, has over 35 years of diverse accounting, financial reporting, auditing, and business management experience. He is currently a partner in BDO USA, LLP's National SEC Department in Chicago, where he assists clients and engagement teams in preparing SEC filings and resolving accounting and reporting issues. He also monitors developments at the SEC and prepares guidance and training materials covering SEC developments. He is a member of the firm's Assurance Practice Committee and is the firm's representative on the Center for Audit Quality SEC Regulations Committee.
Prior to his service at BDO, Mr. Lenz spent five years in a similar role in the Professional Standards Group of Arthur Andersen LLP. He also worked in industry for three years as a vice president of a Detroit based automotive parts manufacturer, and for twelve years in Arthur Andersen's Detroit office.
Mr. Lenz has a Bachelor of Business Administration degree from Western Michigan University, and is a member of the AICPA, the Illinois CPA Society, and Financial Executives International.
Richard R. Petersen
Financial Reporting Advisors LLC
Managing Director
Richard R. Petersen is a co-founder and Managing Director of Financial Reporting Advisors LLC (FRA). Based in Chicago, Illinois, FRA provides consulting services related to accounting and SEC reporting, and litigation support services.
Previously, Mr. Petersen was a partner with Arthur Andersen LLP in its Professional Standards Group (PSG). During his 12 years in the PSG, he consulted with clients and engagement teams on complex financial reporting matters and authored interpretive guidance on topics such as consolidations, income taxes, leases and revenue recognition for Andersen's worldwide practice. He also represented the firm before various standards setters including the FASB, SEC, and AICPA.
Mr. Petersen has served as the chair or member of various Emerging Issues Task Force working groups on a wide array of topics such as consolidation, leases, income taxes and revenue recognition. He also was a member of the AICPA Taskforce on Reorganization that developed AICPA Practice Bulletin No. 11, Accounting for Preconfirmation Contingencies in Fresh-Start Reporting [Codified primarily into Topic 852, Reorganizations.] Mr. Petersen was a member of the AICPA’s Accounting Standards Executive Committee (AcSEC) from 2004 to 2008. Mr. Petersen is also the author of the CCH publication, Accounting for Income Taxes, a comprehensive guide to accounting for income taxes and is available on Accounting Research Manager.
From 1988 to 1990, Mr. Petersen was a Practice Fellow at the FASB. He was the project manager for the reconsideration of FASB Statement No. 96, Accounting for Income Taxes [Codified primarily into Topic 740, Income Taxes], and FASB Statement No. 101, Regulated Enterprises - Accounting for the Discontinuation of Application of FASB Statement No. 71[Codified primarily into Topic 980, Regulated Operations]. He also worked on issues related to business combinations and leveraged buyouts.
Mr. Petersen received his Bachelor of Science in Business Administration from the University of Nebraska at Lincoln. He is a licensed Certified Public Accountant in Nebraska and Illinois and is a member of the American Institute of Certified Public Accountants and the Illinois CPA Society.
Amy A. Ripepi
Financial Reporting Advisors LLC
Managing Director
Amy A. Ripepi is a co-founder and Managing Director of Financial Reporting Advisors LLC (FRA). Based in Chicago, Illinois, FRA provides consulting services related to accounting and SEC reporting, and litigation support services.
Previously, Ms. Ripepi was a partner with Arthur Andersen LLP and was the Director of the firm's U.S. Professional Standards Group (PSG). She was also the Director of Andersen's SEC Practice. The role of the PSG within Andersen was to consult on complex financial reporting matters; establish and disseminate Andersen's policies regarding financial reporting matters; and represent the firm before various standards setters including the FASB, SEC, AICPA and IASB. Ms. Ripepi consulted and authored interpretive guidance for Andersen on a wide variety of topics including revenue recognition, income taxes, inventory (including LIFO), loss contingencies (such as environmental liabilities), and SEC rules and regulations related to both domestic and foreign registrants.
Ms. Ripepi was the chair of the Center for Audit Quality (CAQ) SEC Regulations Committee and a member of the FASB's Advisory Committee (FASAC). She also served on the Environmental Accounting Taskforce of the Accounting Standards Executive Committee of the AICPA that developed Statement of Position 96-1, Environmental Remediation Liabilities [Codified primarily into Topic 410, Asset Retirement and Environmental Obligations]. She currently serves as a reviewer of SEC content for Accounting Research ManagerŪ.
Ms. Ripepi received a Masters of Management degree from Northwestern University's Graduate School of Business and graduated cum laude from Carleton College with a major in economics. She is a licensed Certified Public Accountant in Illinois and is a member of the American Institute of Certified Public Accountants and the Illinois CPA Society.
Rosemarie Sangiuolo
Financial Accounting Standards Board
Former Project Manager
Rosemarie Sangiuolo has nearly 15 years of experience in the financial services industry and in accounting standard-setting. Ms. Sangiuolo was a vice president at J.P. Morgan & Co., where she focused on technical accounting, regulatory, and financial reporting issues. Most recently, Ms. Sangiuolo worked as a project manager at the Financial Accounting Standards Board (FASB), where she primarily addressed implementation issues associated with FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities, and FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities. In that capacity, Ms. Sangiuolo has contributed to various accounting pronouncements issued by the FASB and its Derivatives Implementation Group.
Ms. Sangiuolo graduated from Fordham University with a B.A. in Economics and from New York University Stern School of Business with an M.B.A.
John E. Stewart
Financial Reporting Advisors
Managing Director
John E. Stewart is a co-founder and Managing Director of Financial Reporting Advisors, LLC (FRA). Based in Chicago, Illinois, FRA provides consulting services related to accounting and SEC reporting, and litigation support services.
Prior to his association with FRA, Mr. Stewart was a partner with the firm of Arthur Andersen LLP. He was the Director of U.S. Accounting Principles in the firm’s Professional Standards Group. In this role, Mr. Stewart consulted with clients and engagement teams on financial reporting matters; authored interpretive guidance on numerous accounting topics; and represented the firm before the FASB, SEC, AICPA, and IASB.
Mr. Stewart was a member of the FASB’s Emerging Issues Task Force for over 10 years. He also chaired or was a member of various EITF working groups on topics, such as consolidations, derivatives, financial instruments, foreign currency, hedging, leases, and leveraged buyouts. Mr. Stewart served as a member of FASB Implementation Groups on accounting for pensions (Statement Nos. 87 and 88) and income taxes (Statement Nos. 96 and 109). More recently, he was a member of the FASB’s Financial Instruments Task Force, the Derivatives Implementation Group, and the AICPA’s Financial Instruments Task Force. He is a member of the Institute of Management Accountants’ Financial Reporting Committee and the Advisory Council Executive Committee of the SEC and Financial Reporting Institute at the University of Southern California.
Mr. Stewart received an M.B.A. from Indiana University’s Graduate School of Business and an undergraduate degree from DePauw University. He is a licensed Certified Public Accountant in Illinois. Mr. Stewart is a member of the American Institute of Certified Public Accountants, the Illinois CPA Society, the American Accounting Association, and the Institute of Management Accountants.
Scott A. Taub
Financial Reporting Advisors LLC
Managing Director
Scott A. Taub is a Managing Director of Financial Reporting Advisors, LLC (FRA). Based in Chicago, Illinois, FRA provides consulting services related to accounting and SEC reporting and litigation support services. FRA specializes in applying generally accepted accounting principles to complex business transactions, offering clients an unbiased assessment of the accounting literature as applied to their situation. FRA also provides litigation support and expert services, and FRA’s partners participate in activities to improve financial reporting and the capital markets. In this regard, Mr. Taub is a member of the FASB’s Valuation Resource Group.
From September 2002 through January 2007, Mr. Taub was a Deputy Chief Accountant at the SEC, and twice served as Acting Chief Accountant for a total of 14 months. He played a key role in the SEC’s implementation of the accounting reforms under the landmark Sarbanes-Oxley Act of 2002, and was responsible for the day-to-day operations of the Office of the Chief Accountant, including resolution of accounting and auditing practice issues, rulemaking, oversight of private sector standard-setting efforts, and regulation of auditors.
Prior to September 2002, Mr. Taub was a partner in Arthur Andersen's Professional Standards Group (PSG). The role of the PSG within Andersen was to consult on complex financial reporting matters; establish and disseminate Andersen’s policies regarding financial reporting matters; and represent the firm before various standards setters including the FASB, SEC, AICPA, and IASB. Mr. Taub consulted and authored interpretive guidance for Andersen on a wide variety of accounting and reporting issues, including revenue recognition, business combinations, compensation arrangements, intangible assets, and investment accounting.
Mr. Taub is a frequent speaker, and is also the author of the CCH Revenue Recognition Guide, a 600-page comprehensive guide to accounting for revenue recognition published by CCH.
In April 2008, the Trustees of the IFRS Foundation appointed Mr. Taub as a member of the IFRS Interpretations Committee (IFRIC). His appointment was renewed in 2011 and is effective through June 30, 2014.
Mr. Taub attended the University of Michigan in Ann Arbor, where he received an undergraduate degree in economics in 1990, and won the William A. Paton Award for his performance on the CPA exam. In 2005 Mr. Taub won the SEC’s award for Supervisory Excellence. He is a licensed CPA in Michigan and Illinois and is a member of the American Institute of Certified Public Accountants.
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