The Knowledge Group
The Knowledge Group

Jamie Mayer, Senior Manager of Grant Thornton and Former FASB Practice Fellow to Speak at KC’s New Standard on Variable Interest Entities on 4/29/2010

New York, NY, February 05, 2010 --( The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Jamie Mayer, Senior Manager of Grant Thornton and former FASB Practice Fellow will speak at the Knowledge Congress’ webcast entitled: “What you Need to Know About the New Standard on Variable Interest Entities”. This event is scheduled for April 29, 2010 at 3:00 PM - 5:00 PM ET. (For further details, please visit:

Event Synopsis:

The FASB's new consolidation guidance on variable interest entities (Statement 167, Amendments to FASB Interpretation No. 46(R)) goes into effect this quarter and impacts more than just companies who are in the financial services industry. Beyond being applicable to Qualifying SPEs for the first time, Statement 167 (which has now been included in the FASB Codification in Topic 810-10) requires reporting enterprises to re-evaluate many of its previous FIN 46(R) conclusions. Even if the re-evaluation does not result in a different conclusion than under FIN 46(R), the reporting enterprise may be required to provide a significant amount of new disclosures. In general, the implementation is proving to be very time consuming as implementation issues arise and preparers start thinking about how Statement 167 impact financial reporting and the reporting enterprises core business.

This webcast will cover the following when applying the new standard:
- Implications of the significant changes to the consolidation model for variable interest entities
- The impact of the limited deferral for certain investment funds
- Examples illustrating how the amendments apply to common structures
- Implementation considerations in adopting the new standard

CFOs and other accounting professionals will gain a deeper understanding of how the changes to consolidation requirements for variable interest entities will impact your company; how to apply the new standard to existing structures and future transactions; and how the standard will affect your company's financial reporting and core business.

About Jamie Mayer

Jamie is a Senior Manager in Grant Thornton’s Accounting Principles Consulting Group (APCG), which consults with audit professionals and clients on technical accounting issues. Jamie’s primary areas of focus include transfers and servicing of financial assets, consolidation of variable interest entities, fair value, financial instruments, and other general banking topics. In addition, Jamie is the APCG liaison to the financial institutions practice.

Jamie recently returned to Grant Thornton after a two-year fellowship at the Financial Accounting Standards Board (FASB). While at the FASB, Jamie was one of the lead project managers on Statement 166, Accounting for Transfers of Financial Assets and was the lead project manager on FSP FAS 140-4 and FIN 46(R)-8, Disclosures by Public Entities (Enterprises) about Transfers of Financial Assets and Interests in Variable Interest Entities. In addition, Jamie was involved with various technical application and implementation projects addressing fair value measurement and other issues that affect financial institutions.

Prior to joining Grant Thornton’s Accounting Principles Consulting Group, Jamie worked in Grant Thornton’s Chicago audit practice, primarily serving public and nonpublic financial institutions, government-sponsored enterprises, credit unions, corporate credit unions, and mortgage banks.

Jamie speaks regularly on accounting issues affecting financial institutions and other industries. In addition, Jamie has developed and provided training to Grant Thornton professionals. He has also written various firm publications on accounting standards developments.

Jamie received a B.S./B.A. in accounting from The Ohio State University.

About Grant Thornton LLP

Grant Thornton LLP is the U.S. member firm of Grant Thornton International, one of the six global accounting, tax and business advisory organizations. Through member firms in more than 110 countries, including 50 offices in the United States, the partners and employees of Grant Thornton member firms provide personalized attention and the highest quality service to public and private clients around the globe.

For more information about Jamie Mayer and Grant Thornton LLP, please visit:

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.” To contact or to register to an event, please visit:

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