Michael Gaiso

Michael Gaiso

Director, Department of Professional Practice KPMG LLP

Mike is an 18 year accounting professional who has focused on the technical accounting complexities surrounding the following under both US GAAP and IFRS: structured financial products, derivatives and hedging, consolidations (VIEs and SPEs), equity method investments, and financial asset transfers.

Mike began his career with KPMG in 1990 with its audit practice. From 1995 through early 2005, Mike was employed by Chase Manhattan Bank, Bear Stearns, and subsequently, Societe Generale (SG). At SG, he provided in-house technical accounting guidance and gained the practical knowledge of implementing financial accounting standards within large financial institutions.

Mike successfully led SG USA’s conversion project to IFRS, which was a 3+ year effort.

In April 2005, Mike joined the KPMG Accounting Advisory Group, where he advised clients on various complex areas of the accounting literature and/or emerging issues for both US GAAP and IFRS. Mike has led many large KPMG engagements in both an advisory and audit-assist capacity. He has serviced some of KPMG’s largest IFRS reporting financial institutions including Deutsche Bank, HSBC and ING.

Mike has accounting experience in the following business areas: structured financial products, investment banking, securitization, fixed-income trading, credit arbitrage, treasury, commercial loans, asset recovery management, asset/liability management, private equity, and bank-owned life insurance.

Mike has provided external training on financial instrument matters under IFRS to clients including JP Morgan, ING, MetLife, Aflac, Liberty Mutual, Siemens, Tishman Spyer and United Technologies. In addition, he has been a speaker at various Executive Education conferences. Mike also has provided internal trainings to all levels of KPMG personnel on IFRS. For his most former employer, he frequently performed in-house presentations and training seminars on a broad range of IFRS accounting topics with an emphasis on financial instruments. Additionally, Mike wrote and taught all of SG USA’s seminar-based and web-based IFRS trainings.

Mike is a founding member of an IFRS discussion group comprised of foreign banking institutions.