FAS 133-b and FIN 45-c

Bob Bhave
Project Manager
Financial Accounting Standards Board (FASB)

Since June 2007, Project Manager at the Financial Accounting Standards Board

Previously, Director in the National Professional Services Group of PricewaterhouseCoopers LLP. Provided consultation to audit practice on accounting questions.

Specializes in accounting for derivative and other financial instruments and foreign currency transactions

Wrote monographs on (1) Guide to Financial Instruments, (2) Implementing FASB Statement 133 on Accounting for Derivative Instruments and Hedging Activities, and (3) Foreign Currency Translation and Hedging

CPA, MBA, CMA

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Tracy S Benard
Partner, Transaction Services, New York
KPMG LLP

Tracy joined TS after nine years in the Audit practice. She focuses on providing accounting advice under US GAAP and IFRS for structured products and financial instruments, including derivatives. Her work in the area of securitizations, special-purpose entities, and derivatives has included projects supporting investment bankers in developing products, as well as advisory services to issuers and originators. She has over 12 years of experience in providing assurance and consulting-based services to a global client base of financial service providers with an emphasis to the investment banking and commercial banking industry.

Tracy has been identified by the firm to be the IFRS Industry Coordinator for KPMG’s strategic IFRS initiatives.

Tracy has been identified by the firm as a Financial Instruments and Derivatives Resource for KPMG, providing consultation with clients on matters involving financial instruments, hedging and securitizations. She focuses on advisory clients on a variety of US GAAP and IFRS, SEC issues and has assisted on client implementation of FASB Statement 133 and FIN 46R (Consolidation of Variable Interest Entities). She has assisted a major international investment banking organization list on the New York Stock Exchange. In addition, Tracy’s experience with some other smaller US banking clients has given her considerable exposure to dealing with a wide variety of SEC and US GAAP issues. Tracy has along history of managing large project teams, helping to ensure the projects are completed within the deadlines and has led several large global implementation projects of new accounting literature.

Education and Qualifications:
Bachelor of Science degree in Accounting from Lehigh University, Bethlehem, PA; Licensed CPA in New York and Washington, D.C.; Member of AICPA

Industry experience:
Financial Services including commercial banks, both international and domestic, and investment banks.

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FAS 133-b and FIN 45-c
Speaker Agencies/Firms:


Financial Accounting Standards Board (FASB)