Expert to Speak on International Financial Reporting Standards

By Jacqueline Molik Ghosen

BUFFALO, N.Y. -- Lisa D. Filomia, on-call practice leader at Ernst & Young, will speak at the University at Buffalo School of Management on “International Financial Reporting Standards (IFRS): The U.S. Landscape.”

The lecture will be held at 9 a.m. on Feb. 10 at the Center for Tomorrow on UB’s North Campus. Filomia’s visit will be sponsored by the Helen and Oscar Sufrin Lectureship in Accounting, which brings distinguished business professionals to the UB School of Management to speak about accounting issues.

As Ernst & Young's IFRS Financial Services Leader for the United States, Filomia will discuss impact studies and conversions in which her firm has been engaged as the U.S. begins conversion to International Financial Reporting Standards.

Filomia is Ernst & Young’s global on-call advisory services group leader and has more than 20 years experience working with financial institutions. On-call provides accounting, tax and regulatory reporting advice to investment bankers, other financial institutions, private equity firms and corporations to assist in the evaluation of financial products and transactions, as well as assists entities with implementation of new accounting standards, Generally Accepted Accounting Principles (GAAP) conversions, and the application and operational aspects of complex accounting requirements.

Filomia has led GAAP conversions and other accounting implementation projects, and advised a significant number of major investment banks, global financial institutions, Fortune 1000 corporations and financial/strategic buyers on capital market transactions, including securitization, derivatives, financial instruments and other structured products, as well as fair value standards. She leads Ernst & Young’s IFRS financial services steering committee and IFRS banking and capital markets working group.

A Certified Public Accountant and Certified Management Accountant, Filomia has authored a securitization handbook, published various articles, is quoted in trade publications and other news services and frequently speaks at conferences and training sessions. She received an MBA in finance and accounting and a BS in business administration from the UB School of Management.

Reservations are required by Feb. 3 for this free lecture.

Funding for the lectureship is provided through the generous support of Leslie Sufrin, CPA, and Gerald Sufrin, MD, a long-time UB professor, in honor of their late parents.

The Wall Street Journal has ranked the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek has ranked the school as one of the country’s top 5 business schools for the fastest return on MBA investment, and Forbes has cited it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.

The University at Buffalo is a premier research-intensive public university, a flagship institution in the State University of New York system and its largest and most comprehensive campus. UB’s more than 28,000 students pursue their academic interests through more than 300 undergraduate, graduate and professional degree programs. Founded in 1846, the University at Buffalo is a member of the Association of American Universities.