Yelena is a senior technical manager with the AICPA Accounting Standards Team. She is responsible for managing the AICPA's efforts in the area of fair value measurements for financial reporting purposes. In that role, Yelena has been involved with the updates of the IPR&D and Cheap Stock Practice Aids and the development of the brand new Testing Goodwill for Impairment guide. Yelena is currently involved with projects to develop guidance on business combinations and valuation of portfolio company investments of venture capital and private equity firms.
Prior to joining the Accounting Standards Team, Yelena was a part of the AICPA Accounting and Auditing Publications Team, where she was responsible for leading the overhaul of a key industry Audit and Accounting Guide, updating certain Audit and Accounting Guides to reflect the requirements of recently issued accounting and auditing pronouncements, and for developing certain Audit Risk Alerts that provided information about current issues and risks existing in specific industries. Prior to joining the AICPA, Yelena worked for Arthur Andersen in the Consumer Products division.
Yelena is a summa cum laude graduate of Baruch College. She holds a Bachelor of Business Administration degree in Accounting and Minor in Mathematics. Yelena is a Certified Public Accountant, Chartered Global Management Accountant, a member of the AICPA and the New Jersey Society of CPAs.
FinREC is supportive of goodwill amortization for simplification and cost reduction purposes. They do believe that the goodwill impairment test should be retained but recommend certain changes to it. In terms of disclosures, we feel like FASB first needs to decide on the recognition and measurement model before we can really have the disclosures.29 November 2019