Rosemarie Sangiuolo is an independent consultant with background in the financial services industry and accounting standard-setting. She specializes in accounting and reporting for financial instruments. Currently, she is a member of the project team working on the FASB's codifications and retrieval project.

Previously, Ms. Sangiuolo was a project manager at the Financial Accounting Standards Board, where she focused primarily on standard-setting efforts associated with derivatives and hedging, asset transfers, and securitization transactions. In that capacity, she contributed to numerous accounting pronouncements issued by the FASB, the Emerging Issues Task Force, and the Derivatives Implementaion Group. Prior to joining the FASB, Ms. Sangiuolo was a Vice President at J.P. Morgan & Co, where she dealt with accounting policy, regulatory, and financial reporting issues relevant to the financial services industry.

She is a contributing author to various technical publications and periodically consults with organizations on accounting issues.

Leslie F. Seidman is a certified public accountant with extensive experience in the financial services industry and in accounting standard setting. With an English major from Colgate University and a Masters Degree in accounting from New York University Stern School of Business, Ms. Seidman has a unique combination of writing ability and accounting knowledge.

Ms. Seidman started her career as an auditor for Ernst & Young LLP before joining J.P. Morgan, where she was a Vice President of accounting policy for many years. Ms. Seidman was selected for an industry fellowship at the Financial Accounting Standards Board, where she later served as assistant director of implementation and practice issues. Until recently, Ms. Seidman had her own financial reporting consulting firm, serving financial institutions, accounting firms, and other organizations.

She has authored, reviewed, and edited hundreds of accounting pronouncements of the FASB and AICPA, and contributed to several books and other publications. Ms. Seidman is a member of the AICPA and the Institute of Management Accountants, where she served on the Financial Reporting Committee. Subsequent to writing this book, Ms. Seidman was appointed to a three-year term as a member of the Financial Accounting Standards Board and was reappointed to a five-year term in March 2006.