Staff Members
Wendy M. Payne, Executive Director
- Ms. Payne manages the research staff supporting
Board deliberations. Prior to joining the staff of the Federal Accounting Standards
Advisory Board in 1991, Ms. Payne worked in the utility field. Her experience
includes consumer advocacy and corporate financial planning. She served as
an auditor and expert witness for the Public Staff of the North Carolina Utilities
Commission. She represented the Navy's interests in utility rate cases throughout
the country while employed by the Naval Facilities Engineering Command. With
Potomac Electric Power Company, Ms. Payne was responsible for long term financial
forecasting, cash planning and bond rating agency presentations. Ms. Payne
graduated with distinction from the University of Virginia with a Bachelor
of Science degree in Commerce. She is a Certified Public Accountant licensed
in the state of North Carolina and a Certified Government Financial Manager.
She is a member of the American Institute of Certified Public Accountants and
the Association of Government Accountants.
Phone: 202 512-7350 E-mail: PayneW@fasab.gov
Richard Fontenrose
- Mr. Fontenrose is an Assistant Director with the FASAB. While at FASAB, Mr.
Fontenrose has worked on accounting standards for loans and loan guarantees,
physical assets, liabilities, stewardship responsibilities, social insurance,
and internal use software. Before coming to the FASAB in June 1991, Mr. Fontenrose
worked for the Treasury Department's Financial Management Service. He was branch
manager, Credit Accounting Branch, from 1985 to 1991, and a team leader and
systems accountant on the staff of the Government Accounting Systems Staff,
from 1977 to 1985. While at Treasury, Mr. Fontenrose worked on projects ranging
from designing accounting procedures for the U.S. participation in the International
Monetary Fund and Exchange Stabilization Fund, to developing and implementing
systems for the Treasury's governmentwide check payment and reconciliation
system, and for its Federal Financing Bank activity. Mr. Fontenrose is a graduate
of the University of California, Berkeley, and has done graduate studies at
the Columbus School of Law, Catholic University, Washington D.C. Mr. Fontenrose
is a Certified Public Accountant in Virginia, and a Certified Government Financial
Manager. He has taught accounting at Northern Virginia Community College since
1990. He is a member of the American Institute of Certified Public Accountants
and the Association of Government Accountants. He has published articles in
The Government Accountant's Journal, JFMIP News, and The Washington Connection.
Phone: 202-512-7358 E-mail: fontenroser@fasab.gov
Melissa Loughan
- Ms. Loughan, who joined the Federal Accounting Standards Advisory Board in
April 2002, is an Assistant Director with the FASAB. Ms. Loughan began her
Federal career at the Department of Commerce, Office of Inspector General where
she performed financial statement audits as required by the Chief Financial
Officer's Act of 1990. Ms. Loughan also worked for the Department of Justice,
Office of Inspector General for two years as a technical reviewer over financial
statement audits. As an audit manager, Ms. Loughan worked on several first
clean audits in the federal government. Ms. Loughan returned to the Department
of Commerce to join the Chief Financial Officer's office. There, she prepared
the Department's first Accountability Report for FY 1999, which included the
Department's first clean audit opinion and the Department's second Accountability
Report for FY 2000, which received the Certificate of Excellence in Accountability
Reporting. Ms. Loughan was also responsible for other financial management
activities, including audit follow-up, financial policy updates, and working
on the Department's Government Performance and Results Act Task Force. As a
result of her accomplishments toward improved financial management and reporting,
Ms. Loughan has received four Bronze Medals. Ms. Loughan graduated with honors
from Mary Washington College, receiving a BS in Business Administration and
Accounting. She is a Certified Public Accountant in the state of Virginia and
is a member of the American Institute of Certified Public Accountants and the
Association of Government Accountants.
Phone: 202-512-5976 E-mail: loughanm@fasab.gov
Eileen W. Parlow
- Ms. Parlow is an Assistant Director with the FASAB. She came to FASAB in
February 2004 from the Office of the Under Secretary of Defense (Comptroller),
where she had the lead responsibility for implementing the U.S. Government
Standard General Ledger, credit reform accounting, and the OMB’s Business Rules
for Intragovernmental Transactions. She has worked for over twelve years resolving
Federal government-wide accounting and reporting policy issues, representing
the Department of Defense and the U.S. Department of Education on the U.S.
Standard General Ledger Board and numerous other government-wide working groups.
At the U.S. Department of Education, she was responsible for budgetary reporting
and audited financial statements for the Direct Student Loan Program. Prior
to her Federal career, Ms. Parlow’s diversified experience included non-profit
accounting, private sector financial statements, and four years as the Comptroller
for U.S. Operations of the London Times. In addition to a Summa Cum Laude Bachelor
of Science degree in Accounting from Southeastern University, she holds a Bachelor
of Arts degree with departmental honors in Psychology from St. Joseph’s College
in Brooklyn, NY, and a Master’s degree in Theological Studies from Harvard
University. Ms. Parlow received an Elijah Watt Sells Certificate With High
Distinction from the AICPA for her performance on the November 1993 Unified
Certified Public Accountant Examination, and she was recognized by the Virginia
Society of Certified Public Accountants for achieving the highest score in
Virginia. She is a Certified Public Accountant licensed in the Commonwealth
of Virginia and a Certified Government Financial Manager. She is a member of
the American Institute of Certified Public Accountants, the Association of
Government Accountants, the Virginia Society of Certified Public Accountants
and the American Society of Military Comptrollers.
Phone: 202 512-7356 E-mail: parlowe@fasab.gov
Julia Ranagan
- Ms. Julia Ranagan joined FASAB as an Assistant Director in March 2004. Prior
to joining FASAB, Ms. Ranagan served as a consultant, accountant, and auditor
for the federal government for over ten years. Ms. Ranagan began her career
at the Department of Commerce Office of Inspector General in 1993 where she
helped implement an incremental audit strategy for financial statement audits
required under the Chief Financial Officers’ and Government Management
Reform Acts. In 1998, Ms. Ranagan went on to serve as a consultant and manager
with Andersen Office of Government Services where she helped the Defense Finance
and Accounting Service prepare for compliance with the Federal Financial Management
Improvement Act. As an accountant with the Corporation for National and Community
Service from 1999 to 2003, Ms. Ranagan helped the Corporation achieve its first
as well as subsequent unqualified opinions on its fiscal year 2000 through
2003 financial statements and reduce material weaknesses from eight to zero.
Ms. Ranagan is a Certified Public Accountant licensed in the Commonwealth of
Virginia and a Certified Government Financial Manager. She graduated Summa
Cum Laude from Mary Washington College where she received a Bachelors of Science
degree in Business Administration. She is a member of the American Institute
of Certified Public Accountants, the Virginia Society of Certified Public Accountants,
and the Association of Government Accountants.
Phone: 202 512-7377 E-mail: ranaganj@fasab.gov
Ross Simms
- Mr. Simms is an Assistant Director with the FASAB. He joined the FASAB in
May 2005 with twenty years of experience in financial and performance assurance
services. His experience includes serving as Director of Financial Management
Audits and the Deputy Assistant Inspector General for Financial Audits for
the Federal Deposit Insurance Corporation’s (FDIC) Office of Inspector General
(OIG). He managed assurance services of financial operations and led the OIG
team responsible for auditing segments of the FDIC insurance and thrift resolution
fund financial statements. The Government Accountability Office (GAO) was responsible
for the financial statement audits and relied on the OIG team’s work. Mr. Simms
was instrumental in implementing a redesigned audit approach that facilitated
more timely feedback to the client and more timely completion of assurance
work. The joint efforts of the OIG and GAO were recognized as a best practice
in 2000. Also, Mr. Simms served as an accountant with the GAO and conducted
financial audits and audits of internal control at various federal entities.
Mr. Simms frequently shares his experience with others in the financial management community. He has been a speaker at various conferences and training sessions on key financial management and assurance topics such as corporate governance, accelerated financial reporting, government auditing standards, audit planning, and coordinating with auditors, and he co-authored an article on successful audit strategies. In addition, he managed the FDIC OIG Office of Audits’ quality control program and designed and conducted training courses for auditing a Committee of Sponsoring Organizations-based internal control framework.
Mr. Simms is a Certified Public Accountant licensed in the state of Texas and holds an MBA from Mississippi State University. Mr. Simms graduated with honors from Jackson State University with a Bachelor of Science in Accounting and is member of the American Institute of Certified Public Accountants.
Phone: 202 512-2512 E-mail: simmsr@fasab.gov
Monica R. Valentine
- Ms. Valentine is an Assistant Director with the FASAB. She has worked on
the accounting standard for liabilities, as well as other related FASAB interpretations,
technical bulletins, and technical releases. She is currently the lead staff
member for the Accounting and Auditing Policy Committee, a permanent committee
of the FASAB. Ms. Valentine is also involved with the natural resources, credit
reform, and inter-entity costs projects; and is beginning preliminary research
on the leases project. Ms. Valentine also serves as the Contracting Officer's
Technical Representative (COTR) for the FASAB Codification Volume II project.
Prior to joining the FASAB staff in 1991, Ms. Valentine worked as an Audit
Manager with the public accounting firm of KPMG. Ms. Valentine served several
different audit client industries while with KPMG, such as the banking, education,
nonprofit, and local government industries. Ms. Valentine graduated with honors
from Howard University receiving a Bachelor of Business Administration degree
with a concentration in Accounting. Ms. Valentine is a Certified Public Accountant
in the District of Columbia and a Certified Government Financial Manager. She
is a member of the American Institute of Certified Public Accountants and the
Association of Government Accountants.
Phone: 202-512-7362 E-mail: valentinem@fasab.gov
Back to top
