Teresa (Terry) Iannaconi is a senior technical partner in the SEC and Practice Advisory Group in KPMG's Department of Professional Practice. The SEC and Practice Advisory Group is responsible for providing accounting technical support throughout the firm. She assists engagement teams in consultations on significant financial reporting matters.
Prior to joining KPMG in 1995, Terry served as the Associate Director for Accounting Operations and as the Deputy Chief Accountant in the Division of Corporation Finance at the SEC. She had managerial responsibility for the accounting disclosure functions of the Division relating to public companies' compliance with generally accepted accounting principles and SEC financial reporting requirements; the assessment of financial reporting trends and development of guidance rulemaking and acted as a liaison to other offices, divisions, agencies, standard setters and other professional organizations in connection with financial reporting issues involving public companies.
Terry serves on the FASB's Resource Group for the Disclosure Framework Project, Board of Trustees of the SEC Historical Society, and the University of Maryland's Smith School of Business' Board of Advisors.
She previously served as a member of the Board of Directors of KPMG LLP, the KPMG LLP Foundation and Campus Compact and she served on the editorial and advisory board of Accounting Horizons, a publication of the American Accounting Association. She also previously served as a member of the AICPA's SEC Regulations Committee from 1997 until 1999, the FASB's Emerging Issues Task Force from 1999 until 2001, and the American Accounting Association's Financial Accounting Standards Committee from 2000 until 2003.
She is a member of the American Institute of Certified Public Accountants and the American Accounting Association. Terry received her B.S. in accounting at Georgetown University in 1965 and her M.B.A. in finance at the University of Maryland in 1978.