Office of the Chief Accountant Selects Two Professional Accounting Fellows
The SEC announced the appointment of Michael G. Gaynor and Joseph D. McGrath as two-year professional accounting fellows to support rulemaking and standards liaison, with no fraud, charges, or misconduct involved.
The SEC’s Office of the Chief Accountant selected Michael G. Gaynor from KPMG LLP and Joseph D. McGrath from Ernst & Young LLP as professional accounting fellows for two-year terms beginning in 2005. They will assist in developing federal securities rules, liaising with accounting standard-setters, and advising registrants on accounting matters. No financial penalties, allegations of fraud, or enforcement actions are mentioned—this is a routine personnel appointment to enhance regulatory expertise.
The SEC’s Office of the Chief Accountant announced on June 22, 2005, the selection of Michael G. Gaynor and Joseph D. McGrath as professional accounting fellows for two-year terms, beginning in June and July 2005 respectively. Gaynor, a former senior manager at KPMG LLP, and McGrath, a senior manager at Ernst & Young LLP, were chosen to support the SEC in developing rule proposals under federal securities laws and engaging with accounting standard-setting bodies. They join an existing cohort of fellows, including Timothy S. Kviz and Joseph B. Ucuzoglu, who were also selected earlier in 2005. Their roles include consulting with registrants on accounting and reporting matters to improve transparency and compliance. SEC Chief Accountant Donald T. Nicolaisen praised their experience as critical to addressing complex accounting challenges facing the Commission. The announcement was purely administrative, with no allegations of fraud, misconduct, financial penalties, or enforcement actions. This appointment reflects the SEC’s effort to strengthen its technical expertise through seasoned professionals from major accounting firms.
Extracted insights
- person donald t. nicolaisen
- company ernst & young llp's north central area professional practice group
- person joseph d. mcgrath
- person michael g. gaynor
- Office of the Chief Accountant Selects Two Professional Accounting Fellows
- Office of the Chief Accountant has selected two professional accounting fellows for two-year terms
- Michael G. Gaynor formerly a senior manager KPMG LLP's Department of Professional Practice
- Joseph D. McGrath currently a senior manager Ernst & Young LLP's North Central Area Professional Practice Group
- Gaynor and McGrath will join the current professional accounting fellows
- The Office of the Chief Accountant previously announced the selection of Timothy S. Kviz and Joseph B. Ucuzoglu as professional accounting fellows
- The newly selected professional accounting fellows will be involved in the study and development of rule proposals under the federal securities laws
- The newly selected professional accounting fellows will liaison with the professional accounting and auditing standards-setting bodies
- The newly selected professional accounting fellows will consult with registrants on accounting and reporting matters
- Donald T. Nicolaisen said I look forward to working with Mike and Joe as we address the many challenging issues on our agenda. They are joining the Commission at an important time and I am confident that their experiences and knowledge will be instrumental in helping us achieve our goals
Office of the Chief Accountant Selects Two Professional Accounting Fellows FOR IMMEDIATE RELEASE 2005-92 Washington, D.C., June 22, 2005 - The Securities and Exchange Commission's Office of the Chief Accountant has selected two professional accounting fellows for two-year terms: Michael G. Gaynor, formerly a senior manager in KPMG LLP's Department of Professional Practice based in New York, N.Y., beginning in June 2005; and Joseph D. McGrath, currently a senior manager in Ernst & Young LLP's North Central Area Professional Practice Group based in Cleveland, Ohio, beginning in July 2005. Gaynor and McGrath will join the current professional accounting fellows - Shan L. Benedict, Jennifer M. Burns, Mark A. Northan, Brian K. Roberson, and Pamela R. Schlosser. The Office of the Chief Accountant previously announced the selection of Timothy S. Kviz and Joseph B. Ucuzoglu as professional accounting fellows for two-year terms beginning in June 2005. At the Commission, the newly selected professional accounting fellows will be involved in the study and development of rule proposals under the federal securities laws, liaison with the professional accounting and auditing standards-setting bodies, and consult with registrants on accounting and reporting matters. "I look forward to working with Mike and Joe as we address the many challenging issues on our agenda. They are joining the Commission at an important time and I am confident that their experiences and knowledge will be instrumental in helping us achieve our goals," said Donald T. Nicolaisen, SEC Chief Accountant. http://www.sec.gov/news/press/2005-92.htm Home | Previous Page Modified: 06/22/2005
Office of the Chief Accountant Selects Two Professional Accounting Fellows FOR IMMEDIATE RELEASE 2005-92 Washington, D.C., June 22, 2005 - The Securities and Exchange Commission's Office of the Chief Accountant has selected two professional accounting fellows for two-year terms: Michael G. Gaynor, formerly a senior manager in KPMG LLP's Department of Professional Practice based in New York, N.Y., beginning in June 2005; and Joseph D. McGrath, currently a senior manager in Ernst & Young LLP's North Central Area Professional Practice Group based in Cleveland, Ohio, beginning in July 2005. Gaynor and McGrath will join the current professional accounting fellows - Shan L. Benedict, Jennifer M. Burns, Mark A. Northan, Brian K. Roberson, and Pamela R. Schlosser. The Office of the Chief Accountant previously announced the selection of Timothy S. Kviz and Joseph B. Ucuzoglu as professional accounting fellows for two-year terms beginning in June 2005. At the Commission, the newly selected professional accounting fellows will be involved in the study and development of rule proposals under the federal securities laws, liaison with the professional accounting and auditing standards-setting bodies, and consult with registrants on accounting and reporting matters. "I look forward to working with Mike and Joe as we address the many challenging issues on our agenda. They are joining the Commission at an important time and I am confident that their experiences and knowledge will be instrumental in helping us achieve our goals," said Donald T. Nicolaisen, SEC Chief Accountant. http://www.sec.gov/news/press/2005-92.htm Home | Previous Page Modified: 06/22/2005