Implementing Standards

How Do Preparers Cope?

Prabhakar Kalavacherla, Mark LaMonte, Sarah Ovuka, Scott Taub, Amie Thuener, and Norman Strauss

About the PanelistsPrabhakar Kalavacherla, a partner in the audit quality and professional practice group at KPMG; Mark LaMonte, former managing director at Moody's Investors Service; Sarah Ovuka, professional accounting fellow at Financial Executives International (FEI); Scott Taub, managing director at Financial Reporting Advisors LLC; and Amie Thuener, chief accountant at Google Inc., were the panelists. Norman Strauss, distinguished lecturer of accountancy at Baruch College, moderated the panel. The following is an edited and condensed summary of the panel discussion. The views expressed are the panelists' own personal views and not necessarily those of their employers or those employers' boards, management, or staff.