Monday, June 21, 2010
Trent - FASB fellow
Here is the official announcement from Ernst & Young.
Trent Handy to begin his tenure as FASB Practice Fellow
We would like to congratulate Trent Handy on his selection as a Practice Fellow at the Financial Accounting Standards Board (FASB). Trent most recently was a Resident in the New York based National Accounting Standards Group. Prior to joining National Accounting, Trent was a Senior Manager principally based in Houston, Texas. While in National Accounting, Trent worked on a variety of topics including transfers of financial assets and financial liabilities, investments in debt and equity securities and accounting issues addressed by the FASB's Emerging Issues Task Force (EITF).
Trent's two-year fellowship at the FASB begins July 2010. As a Fellow, Trent will actively participate in the financial accounting standard-setting process, focusing on implementation and emerging practice problems. This includes making recommendations to the Board on technical issues, developing and drafting Accounting Standards Updates, preparing EITF Issue Summaries and minutes and leading discussions at EITF meetings. Practice Fellows also research problems, analyze comments from business, academic, and practicing members of the FASB constituency and lead Board discussions on current accounting issues.
The selection of Fellows is a highly competitive process. We congratulate Trent on his achievement and wish him well in his new position.
What does this mean????
Well, first Trent has only 3 days left commuting into Times Square in Manhattan. He then will be commuting to the FASB offices right here in Connecticut. (which according to google maps is only 6.7 miles from our house and takes 12 minutes to drive).
Lastly, he will be there at the FASB for 2 years. Following his time at the FASB he will return to the National office in Times Square for another two years. So our total time commitment here in the Northeast is 6 years total (or 4 years left).
We are really excited about this new opportunity and I am so proud of Trent for all his hard work.