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
Domenic N. Savini
Mr. Domenic N. Savini is an Assistant Director with the FASAB. Mr. Savini began his career with the Defense Contract Audit Agency (DCAA) where he supervised both mobile and resident audit teams performing a host of compliance, operational and financial statement audits. While serving as a customer service liaison with both the Department of Transportation-Maritime Administration and Department of the Navy, Mr. Savini developed DCAA’s first-ever Maritime Audit Plan. As a result of his accomplishments, in 1998 he was selected for the prestigious Director’s Fellowship Program. Mr. Savini also worked for the Department of the Navy’s Military Sealift Command as a financial analyst and contract negotiator. In that capacity he was primarily responsible for financial management of the Navy’s multi-billion dollar Maritime Pre-positioning Ship program. Mr. Savini served in several prominent positions with HUD’s Real Estate Assessment Center (REAC). Notably, as Director of REAC's Public Housing Authority (PHA) Finance Division, he directed the financial assessment and GAAP conversion of HUD’s 3200 Public Housing Agencies and was also responsible for developing nation-wide financial analysis training for both HUD & PHA staff. Immediately prior to joining FASAB, Mr. Savini held the prestigious position of Director of Finance & Administration with the Smithsonian Institution’s Sackler/Freer Galleries of Art. As a result of his accomplishments toward improved Smithsonian financial management and reporting, Mr. Savini’s financial reporting model was adopted by the Institution and served as the foundation for subsequent Board reporting. Mr. Savini is a member of the Government Finance Officer’s Association (GFOA) Special Review Committee and frequently speaks at conferences around the country. Mr. Savini has a Bachelors' degree in Accounting from Kean University and a Masters degree in General Administration from Central Michigan University. He is licensed in New Jersey and Virginia. He is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants.
Telephone: (202) 512-6841 E-mail: savinid@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
Phone: 202-512-7362 E-mail: valentinem@fasab.gov
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