Credit impairment: a discussion of FASB’s proposal

Dominick Giuffrida is a partner in Professional Practice Group of Ernst & Young LLP. His focus is on the banking industry and includes providing accounting, auditing and reporting guidance to Ernst & Young’s financial services engagement teams and clients. Dom is a member of the AICPA Depository Institutions Expert Panel through which he interacts frequently with regulators and representatives of other accounting firms and industry on current accounting, auditing and reporting topics.

Prior to joining professional practice, Dom spent most of his 20+ years with E&Y delivering assurance and advisory services to financial services clients, including leading companies in the banking, asset and wealth management, broker/dealer and asset servicing industries. Dom's career took him to Zurich, Switzerland from mid-2004 through June 2011. While in Europe, Dom provided assurance and advisory services to some of E&Y's largest global financial services and industrial clients and was a director in the E&Y Capital Markets group with responsibility for cross-border debt and equity transactions.

Kevin Kispert is a partner in the National Professional Practice group at Ernst & Young LLP. His current areas of focus include fair value measurements and financial instruments. Prior to transferring to the National Professional Practice group, Kevin was a partner in Ernst & Young's Transaction Advisory Services Group, where he served as the sector resident for banking and capital markets. In this role, Kevin performed due diligence and other advisory services on more than 50 transactions in the financial services space. His experience also includes providing audit and advisory service to financial institutions on accounting, operational, and risk management issues related to financial products.

Kevin graduated from the Columbia University Graduate School of Business with an MBA in Finance. He is a licensed Certified Public Accountant in the state of New York and has a Bachelor of Science degree in accounting from The State University of New York at Albany.

Robert Wadley is a partner in the National Professional Practice Group of Ernst & Young LLP. Based in New York, Robert provides technical assistance to audit teams and clients on accounting issues, with a particular focus on financial instruments. He currently follows standard setting activities related to the classification and measurement, impairment and risk disclosures components of the FASB's project on financial instruments.

Prior to his current role, Robert worked in Ernst & Young's Salt Lake City office leading and managing that office's assurance banking practice, which included a mix of regional, community and industrial banks. During this time, he also served as one of the firm's Capital and Liquidity Resources, consulting with engagement teams on accounting and auditing matters related to financial instruments impacted by the economic crisis.

Timely insights, regarding important topics, affecting all companies.

- Financial Director, Technology

Moderator:

David Kane is a Partner and Director in the National Professional Practice Group of Ernst & Young LLP based in New York. David advises clients on US GAAP and IFRS accounting and reporting matters with a particular focus on consolidation and financial instruments issues, including derivative instruments, fair value and securitization transactions. Prior to being admitted to Ernst & Young’s partnership, David completed a twenty-four month appointment as a Professional Accounting Fellow in the Office of the Chief Accountant of United States Securities and Exchange Commission (SEC). In this capacity, David took a lead role in the Office of the Chief Accountant’s development of positions on financial instruments matters.

Speakers were very knowledgeable and made the topic easy to understand.

- Controller, Real Estate