Office of the Chief Accountant Selects Two Professional Accounting Fellows

FOR IMMEDIATE RELEASE
2005-92

Washington, D.C., June 22, 2005 - The Securities and Exchange Commission's Office of the Chief Accountant has selected two professional accounting fellows for two-year terms:

• Michael G. Gaynor, formerly a senior manager in KPMG LLP's Department of Professional Practice based in New York, N.Y., beginning in June 2005; and
   
• Joseph D. McGrath, currently a senior manager in Ernst & Young LLP's North Central Area Professional Practice Group based in Cleveland, Ohio, beginning in July 2005.
   

Gaynor and McGrath will join the current professional accounting fellows - Shan L. Benedict, Jennifer M. Burns, Mark A. Northan, Brian K. Roberson, and Pamela R. Schlosser. The Office of the Chief Accountant previously announced the selection of Timothy S. Kviz and Joseph B. Ucuzoglu as professional accounting fellows for two-year terms beginning in June 2005.

At the Commission, the newly selected professional accounting fellows will be involved in the study and development of rule proposals under the federal securities laws, liaison with the professional accounting and auditing standards-setting bodies, and consult with registrants on accounting and reporting matters.

"I look forward to working with Mike and Joe as we address the many challenging issues on our agenda. They are joining the Commission at an important time and I am confident that their experiences and knowledge will be instrumental in helping us achieve our goals," said Donald T. Nicolaisen, SEC Chief Accountant.

http://www.sec.gov/news/press/2005-92.htm