FAS 140 QSPEs & FIN 46(R) VIEs (Q&Vs)

David is a Partner in Ernst & Young’s New York On Call Practice. In that capacity, David regularly works on new and innovative securitization and other structures, focusing on SFAS 140 and FIN 46. David was the Partner in charge of another firm’s Securitization Group until 2000. In that capacity, David supervised numerous securitization related due diligence assignments, and the pricing and modeling of virtually every CMO, CDO, and asset-backed structure in the market at that time. 

David is an active member of the American Securitization Forum’s and Commercial Mortgage Securitization Association’s Accounting Committees. David was a member of the EITF’s Working Group on Issue 99-20, which addressed accounting for retained and purchased interests in securitizations, and was a member of the AICPA's Audit Issues Task Force Working Group on legal letters under SFAS 140. David is a frequent speaker on securitization and FIN 46 related topics and attends most FASB Board Meetings and education sessions on those topics. 

David has a BA in Economics from the University of Rochester and a MBA in Accounting and Finance from the Simon School of the University of Rochester. David is a CPA, and is a member of the American Institute of Certified Public Accountants and the New York State Society of CPAs

David A. Augustyn 
Partner, Transaction Services – Accounting Advisory Group, Chicago 
BBA (accounting), University of Notre Dame; CPA; American Institute of Certified Public Accountants; Illinois CPA Society 

Dave consults with a variety of clients regarding business combination matters, securitizations, creation of special-purpose entities, financial instruments, joint venture formations and the accounting for equity interests. His work in the area of securitizations and special-purposes entities has included projects supporting investment bankers developing structured products as well as advisory services to audit and non-audit clients. Dave also has presented at several external industry seminars in the area of technical accounting topics in the securitization and business combination/joint venture industries. Prior to joining the Transaction Services group, he served an international rotation in Melbourne, Australia and worked in KPMG’s audit practice for 10 years serving several public and non-public insurance and manufacturing clients. Dave has over 17 years of total experience in providing accounting advisory services to various levels of clients. 

Banking & Finance, Insurance, Consumer and Industrial Markets and Global Manufacturing

Contact: 
350 South Grand Avenue, Los Angeles, CA 90071 
Direct: (213) 688-1846 
Email: aromo@deloitte.com 

Experience: 
Alicia is a Senior Manager in the Securitization Advisory team. She is a specialist in structured finance and interest rate risk management. Alicia consults nationally on FAS 140 transfer of financial assets issues, securitization structures, and in front-office and back-office securitization operations. Recent engagements include implementation and attestation for SEC Reg AB compliance, reviews of the internal controls around securitization investor reporting, residual valuation and management reporting, Sarbanes implementation assistance for mortgage banks and securitizers, and assistance in drafting structuring, accounting and investor reporting policies and procedures. 

Prior to joining Deloitte & Touche in 1999, she was a First Vice President in the Treasury Department of Countrywide Home Loans. Alicia also spent 12 years in corporate banking with The Sumitomo Bank, CIBC and Bank of America, marketing various credit products, derivatives and securitizations. She is a regular speaker at MBA and securitization conferences nationally. 

Education: 
Alicia holds a bachelor of science in Business Administration from the University of Southern California. She is a Chartered Financial Analyst and member of the Association for Investment Management and the Los Angeles Society of Financial Analysts