Emerging Issues on Leases: What You Need to Know

Jessica is partner in PwC’s Global Accounting Consulting Services (GACS), which leads the firm’s interpretations of International Financial Reporting Standards (IFRS).  She has worked in accounting consulting services for more than 10 years providing advice to PwC engagement teams and clients around the world on all aspects of their accounting for financial instruments.  

Prior to joining the Global Accounting Consulting Services group Jessica was in the Banking and Capital Markets audit practice in London where she was the lead manager on a major UK listed financial institution, responsible for UK consolidation, US reporting, and treasury operations.  Jessica is originally from New York and was in the banking audit practice there before transferring to London in July 2000.

Jessica has worked extensively with financial institutions in Europe and elsewhere in connection with their first time adoption of IFRS and in reviewing their IFRS financial statements.  She co-ordinates the firm's global guidance on accounting for financial instruments under IFRS (including leasing) with a focus on banking and corporate treasury related issues.  She has authored numerous PwC publications on the accounting for financial instruments under IFRS.  She has drafted the response letters to the IASB’s exposure drafts on financial instrument issues including classification and measurement and impairment of financial instruments.  She works closely with IASB and IFRS IC staff on standard setting matters, reviews fatal flaw drafts of standards, and participates in outreach activities.

Charlotte has more than 15 years of experience in audit and IFRS and UK GAAP financial reporting and accounting of investment banking and leasing products.

Charlotte’s experience as lead audit manager on some of KPMG’s global financial sector banking and insurance clients includes Dresdner Bank, Fortis Bank and Old Mutual.  Through her audit roles, Charlotte has developed a deep technical understanding of a variety of derivative products including credit, equity, and commodity based products through her external audit experience.

Charlotte has also carried out in-depth reviews of corporate and structured loan portfolios including credit risk and impairment assessments.

Charlotte was part of a multi-disciplinary team who advised HM Treasury on the design on the Asset Protection Scheme to cater for investment banking exposures as well as performing due diligence work on a target bank’s proposed loan and derivative asset exposures for inclusion in the scheme.

Charlotte is currently a Senior Manager co-leading the Banking Accounting Advisory practice within FSAS and has worked closely with both banks and corporates, providing IFRS structured transaction accounting advice.

Charlotte regularly provides training on technical and/or emerging issues under IFRS to external clients.