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33rd Midyear SEC Reporting & FASB Forum

 
Author(s): Bob Laux, Katherine M. Gill-Charest, Carol A. Stacey, Cheryl L. Linthicum
Practice Area: Banking
Published: May 2018
ISBN: N/A
PLI Item #: 222143

Katherine Gill-Charest is Senior Vice President, Controller of Viacom, a position she has held since October 1, 2010.  Kathy is responsible for overseeing accounting, financial reporting and financial compliance of Viacom and its divisions.  Previously, she served as Viacom’s Deputy Controller.

Prior to joining Viacom in 2007, Kathy was the Chief Accounting Officer of WPP Group, and was the Vice President and Worldwide Controller of Young & Rubicam Inc. prior to its acquisition by WPP.  Kathy also held roles in financial reporting and accounting policy at Time Warner Inc. and NYNEX Corporation and worked in the audit practice of Price Waterhouse.

Kathy holds a Bachelor of Science in Accounting from Manhattan College, where she graduated summa cum laude and is a New York State Certified Public Accountant and member of the American Institute of CPAs.  Kathy was named one of Treasury & Risk magazine’s Outstanding Women in Finance in 2012 and one of Cablefax’s Most Powerful Women in 2017.

Viacom is home to premier global media brands that create compelling entertainment content - including television programs, motion pictures, short-form content, games, consumer products, podcasts, live events and social media experiences - for audiences in 183 countries. Viacom's media networks, including Nickelodeon, Nick Jr., MTV, BET, Comedy Central, Paramount Network, VH1, TV Land, CMT, Logo, Channel 5 (UK), Telefe (Argentina), Colors (India) and Paramount Channel, reach approximately 4.3 billion cumulative television subscribers worldwide. Paramount Pictures is a major global producer and distributor of filmed entertainment. Paramount Television develops, finances and produces original programming for television and digital platforms.

 


Bob Laux is an Associate Director at the SEC Institute, a Division of Practising Law Institute, and is responsible for conducting programs on various reporting and financial accounting topics. Bob is also the North American Lead for the International Integrated Reporting Council (IIRC).  The IIRC is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs promoting communication about value creation as the next step in the evolution of corporate reporting.  Previously, Bob spent 16 years at Microsoft Corporation, most recently as the Treasury Controller.  Prior to joining Microsoft in 2000, Bob was an Industry Fellow at the Financial Accounting Standards Board (FASB) where he was responsible for coordinating the activities of the Emerging Issues Task Force.  Prior to joining the FASB, Bob spent eight years at General Motors.

 

Bob’s external corporate reporting related activities include:

  • Member of the Institute of Management Accountants (IMA) Board of Directors
  • Member of the American Accounting Association (AAA) Audit Committee
  • Member of the AAA’s Finance Committee, 2014-2017
  • Member of the International Accounting Standards Board (IASB) Global Preparers Forum, 2007-2017
  • Member of the IASB’s XBRL Advisory Council, 2009-2013
  • Member of the AICPA’s Board of Directors, 2008-2010
  • Member of the Center for Audit Quality SEC Regulations Committee, 2006-2009
  • Member of the AICPA’s Accounting Standards Executive Committee, 2001-2004


Cheryl is Professor of Accounting and former Associate Dean, College of Business at the University of Texas, San Antonio. She served as Academic Fellow at the U.S. SEC in 2005-2006 in the Office of the Chief accountant, and in 2007-2008 at the Division of Corporation Finance, where she participated in IFRS filing reviews and led staff training. She teaches financial and international accounting at the undergraduate, executive MBA and PhD levels and has been honored with college level and university-wide teaching awards.

Her research interests include the application of International Financial Reporting Standards (IFRS) and SEC reporting issues, including SEC comment letters and IFRS reporting.  Her publications appear in Review of Accounting Studies, Journal of International Accounting Research, Accounting Horizons, Journal of Accounting and Public Policy, Journal of International Financial Management and Accounting, CPA Journal, Strategic Finance, and the Multinational Business Review. Cheryl is the past President of the International Accounting Section of the American Accounting Association.


Carol is a Director with The SEC Institute and is responsible for conducting seminars on various reporting and financial accounting topics. She created the SEC Institute's programs IFRS Conference: Today’s Landscape …Tomorrow’s Challenge and Accounting for Business Combinations. Carol was the Chief Accountant of the Division of Corporation Finance at the U.S. Securities and Exchange Commission, an appointment she held for over five years beginning in February 2002.

Carol began her SEC career in 1996 and her other roles included Deputy Chief Accountant, Associate Chief Accountant, Assistant Chief Accountant, and Staff Accountant. Before joining the Commission, Carol worked for an SEC registrant in various capacities, including Director of Financial Reporting and Divisional Controller. Prior to that, Carol was an auditor in the Boston office of PricewaterhouseCoopers.