Gregory A. Faucette
CPA Partner/Nat'l Professional Practice / Ernst & Young LLP DC Washington, DC
Gregory A. Faucette is a Partner with the National Professional Practice of Ernst & Young. He is responsible for consulting with engagement teams and clients on accounting and reporting issues and other matters in front of the U.S. Securities and Exchange Commission, monitoring activities of accounting standard-setting bodies, consulting with clients on application of accounting standards, producing internal guidance and external publications, and leading professional education courses. His primary area of responsibility is financial instrument accounting, focusing on liability and equity instruments and derivatives and hedging activities under both U.S. GAAP and International Financial Reporting Standards. He is also member of the firm's global IFRS Financial Instruments Working Group. Greg has served on several related task forces and working groups of the Financial Accounting Standards Board, Emerging Issues Task Force, and American Institute of Certified Public Accountants, and is currently a member of the FASB's Liabilities and Equity Resource Group. Greg rejoined Ernst & Young in July 2004 upon completing a two-year appointment as a Professional Accounting Fellow in the Commission's Office of the Chief Accountant. His areas of emphasis at the Commission were financial instruments and derivatives, financial services industry matters, and auditor independence. Prior to joining the Commission staff, Greg worked for Ernst & Young for ten years. He began his career in North Carolina, serving clients primarily in the insurance and other financial services industries in the Southeast, and eventually joined the firm's Accounting Standards group in the National Professional Practice in New York as a Senior Manager. Prior to joining Ernst & Young in 1992, he was Postgraduate Intern on the staff of the Financial Accounting Standards Board. Greg graduated Phi Beta Kappa from the University of North Carolina at Chapel Hill in 1991, earning Bachelor of Science in Business Administration with Highest Distinction and Master of Accounting degrees. He was a recipient of the Katharine Guthrie Memorial Gold Medal Award in North Carolina for his performance on the May 1991 CPA examination. He is a member of the American Institute of Certified Public Accountants and a Fellow in the Life Management Institute of the Life Office Management Association.