Accountant and Regulator
Schroeder worked as a CPA at Ernst and Young from 1980 to 1991. Until 1993 she was a project manager with the Financial Accounting Standards Board. At the FASB she was responsible for three projects designed to curtail abusive accounting by insurers:
- SFAS No. 113: Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts,
- EITF Issue 93-6: Accounting for Multiple-Year Retrospectively Rated Contracts (RRC's), and
- EITF Issue 93-14: Accounting for Multiple-Year Retrospectively Rated Insurance Contracts by Insurance Enterprises and Other Enterprises.
Read more about this topic: Alice Schroeder