Amy A. Ripepi is a co-founder and Managing Director of Financial Reporting Advisors, LLC ("FRA"). Based in Chicago, Illinois, FRA provides consulting services related to accounting and SEC reporting, and litigation support services.
Previously, Ms. Ripepi was a partner with Arthur Andersen LLP and was the Director of the firm's U. S. Professional Standards Group. She was also the Director of Andersen’s SEC Practice. The role of the PSG within Andersen was to consult on complex financial reporting matters; establish and disseminate Andersen’s policies regarding financial reporting matters; and represent the firm before various standards setters including the FASB, SEC, AICPA and IASB. Ms. Ripepi consulted and authored interpretive guidance for Andersen on a wide variety of topics including revenue recognition, income taxes, inventory (including LIFO), loss contingencies (such as environmental liabilities), asset impairments, and SEC rules and regulations related to both domestic and foreign registrants.
Ms. Ripepi was a member of the SEC Regulations Committee of the Center for Audit Quality for over 10 years, having previously served as chair of that group. She was also a member of the FASB’s Valuation Resource Group. Ms. Ripepi was a member of the FASB’s Advisory Committee (FASAC). She also served on the Environmental Accounting Taskforce of the Accounting Standards Executive Committee of the AICPA that developed the Statement of Position, Environmental Remediation Liabilities.
Ms. Ripepi has spoken at numerous conferences sponsored by the AICPA, the Financial Executives Institute, the University of Southern California, Institute of Management Accountants, Tax Executives Institute, the Institute of Internal Auditors, and various state CPA societies. She authored articles for The Villanova Environmental Law Journal Environmental Forum, The Environmental Forum and Taxation for Accountants. She currently authors the GAAP Update Service for CCH/WoltersKluwer.
Prior to joining Andersen’s Professional Standards Group in 1992, Ms. Ripepi was a partner in the Commercial Division in the firm’s Chicago office. In that role, she served publicly held and privately owned audit clients in the manufacturing, pulp and paper, consumer products, distribution and construction industries.
Ms. Ripepi received a Masters of Management degree from Northwestern University’s Graduate School of Business and graduated cum laude from Carleton College with a major in economics. She is a licensed Certified Public Accountant in Illinois and is a member of the Illinois CPA Society.
