Financial Reporting Advisors

Portrait John E. Stewart 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.

Prior to his association with FRA, Mr. Stewart was a partner with the firm of Arthur Andersen LLP where he was the Director of U.S. Accounting Principles in the firm's Professional Standards Group. In this role, Mr. Stewart consulted and authored interpretive guidance on a wide array of complex financial reporting matters. He also represented Arthur Andersen before the FASB, SEC, AICPA, and IASB.

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Mr. Stewart was a member of the FASB's Emerging Issues Task Force for over ten years. He also chaired or was a member of various EITF working groups on topics such as consolidations, derivatives, financial instruments, foreign currency, hedging, leases, and leveraged buyouts. Mr. Stewart served as a member of FASB Implementation Groups on accounting for pensions (Statement Nos. 87 and 88) and income taxes (Statement Nos. 96 and 109). More recently, he was a member of the FASB's Financial Instruments Task Force, the Derivatives Implementation Group, and the AICPA's Financial Instruments Task Force. He is a member of the Institute of Management Accountants' Financial Reporting Committee and the Advisory Council Executive Committee of the SEC and Financial Reporting Institute at the University of Southern California.

A frequent speaker, Mr. Stewart has spoken at major conferences such as the Current Financial Reporting Issues Conference sponsored by FEI and the Annual SEC and Financial Reporting Institute Conference sponsored by the University of Southern California. He has authored numerous articles in publications such as The Journal of Accountancy and Bank Accounting & Finance. He has also contributed chapters to books such as The Asset Securitization Handbook (Irwin Professional) and The Handbook of Mortgage Backed Securities (McGraw-Hill Trade). Additionally, he is the co-author of the recently published reference book Accounting For Financial Assets and Liabilities: Sales, Transfers and Extinguishments (CCH).

Prior to joining Andersen's Professional Standards Group, Mr. Stewart was a member of the firm's Banking and Financial Services Division in the Chicago office specializing in serving such clients as banks, bank holding companies, leasing companies, insurance companies and brokerage firms.

Mr. Stewart received an M.B.A. from Indiana University's Graduate School of Business and an undergraduate degree from DePauw University. He is a licensed Certified Public Accountant in Illinois. Mr. Stewart is a member of the American Institute of Certified Public Accountants, the Illinois CPA Society, the American Accounting Association, and the Institute of Management Accountants.