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accounting standards for financial derivatives, the valuation of
financial derivatives, and the risk management of financial
derivatives. He is a partner in one of the large multinational
accounting firms, and he specializes in the accounting treatment
of financial derivatives. He has a bachelor of science degree in
business administration from Merrimack College and is a certified
public accountant in Massachusetts and New York.
2. Experts Retained by Respondent
Respondent presented the testimony of three experts:
Patricia O’Brien (O’Brien), John Parsons (Parsons), and Owen
Carney (Carney). O’Brien was qualified by the Court as an expert
in accounting. She holds a bachelor’s degree cum laude in
mathematics and economics from Cornell University and an M.B.A.
and a Ph.D. in accounting and econometrics from the University of
Chicago. She is a professor of accounting at the University of
Waterloo and has also taught at the University of Rochester, the
Massachusetts Institute of Technology, the University of
Michigan, the University of Chicago, the University of Helsinki,
and the University of Amsterdam. She has chaired the accounting
group at London Business School, coauthored a book on accounting,
and served on the editorial boards of the Accounting Review and
the Journal of Accounting and Public Policy.
Parsons was qualified by the Court as an expert in financial
economics, valuation, financial derivatives, and risk management.
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