Mr. Ronald Kiima CPA
President , Kiima Incorporated
Member of the Accounting Council
Council Member Biography
Ronald A. Kiima, CPA, is former SEC Assistant Chief Accountant. Mr. Kiima is currently the President of Kiima Incorporated, a private consulting firm specializing in SEC accounting and disclosure issues, SEC registration statements and periodic reports, SEC investigations and enforcement proceedings, corporate governance and risk management (including compliance with the Sarbanes-Oxley Act of 2002), investor relations and communications, due diligence and investigatory procedures, and litigation support and testimony. His firm’s clients include, among others, SEC registrants, IPO candidates, public accounting and law firms, and continuing professional education providers.
Through his firm, Mr. Kiima also serves as a principal technical advisor to numerous investment banking firms, mutual funds and hedge funds on matters of SEC, accounting and financial reporting compliance.
Prior to founding Kiima Incorporated, Mr. Kiima served in a number of increasingly responsible positions with the SEC’s Division of Corporation Finance in Washington D.C., his last five years there as an Assistant Chief Accountant. During his eight-year tenure with the SEC, he had oversight responsibility for a number of industry sectors including, among others, high technologies, retailing, miscellaneous services, manufacturing, banking and insurance, metals and mining, healthcare and real estate.
(This is me - Update Profile)
Employment History
- 1997 - Unspecified
- President , Kiima Incorporated
- 1997 - 1997
- President, Kiima Incorporated
- 1997 - 1998
- Manager Financial Compliance, Reporting and Speci, Coldwater Creek, Inc.
- 1988 - 1990
- Shareholder/Partner, Jones & Associates
- 1987 - 1997
- Assistant Chief Accountant, U.S. Securities & Exchange Commission
- 1985 - 1987
- Accountant/Auditor, Ernst & Whinney LLP (Ernst & Young LLP predecessor)
GLG NewsSM Analyses by Ronald Kiima(?)
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Bush Nominates Two Democrats to SEC: More of the Same is Likely
March 31, 2008
White House to Tap Two Dems to SEC | www.cfo.com
Will President Bush's recent nomination of two Democrats to the SEC make it more investor friendly? Not likely!
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2007 Accounting Error of the Year: Depreciation and Amortization
January 2, 2008
Securities Suits Spike in 2007 | www.cfo.com
The subject article provides some interesting insights into the upward reversal in the number of securities class-action lawsuits filed during 2007. Given such, I thought it might be fitting to offer my personal insights into what I continue to believe is the most common, yet rarely noticed, accounting error. As in prior years, inappropriate depreciation and amortization methodologies once again gets my nomination for Accounting Error of the Year. Unfortunately, absent some unforeseeable improvement in oversight by corporate auditors and the SEC, I suspect that I will again be making the same nomination this time next year.
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SEC Schedule II - Visibility into the Integrity of Reported Results
September 11, 2007
SEC Schedule II - Visibility into the Integrity of Reported Results | tinyurl.com
Few other disclosures give as much visibility into the integrity of a company’s reported results like the SEC’s Schedule II – Valuation and Qualifying Accounts. Unfortunately, despite such schedule being required of most public companies, few companies seemingly fully comply. The absence of otherwise required data, or worse, the outright omission of the schedule in its entirety, should raise investor concerns that a company may be engaging in some degree of inappropriate earnings management.
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March 8, 2007
One Accounting Standard for All? | www.cfo.com
This article raises the question as to whether the U.S. Securities and Exchange Commission (“SEC”) will ultimately mandate that domestic public companies report their financial results pursuant to International Financial Reporting Standards (“IFRS”). I believe, as a former SEC Assistant Chief Accountant who had oversight responsibility for numerous foreign private issuers, that the answer is an unequivocal “yes.”
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Grant Thornton Supports Lease Accounting Overhaul
December 29, 2006
Grant Thornton LLP Supports Review of Lease Accounting Rules as FASB/IASB Working Group is Named | home.businesswire.com
If they do not already do so, analysts need to begin proactively adjusting their models to reflect the assets and liabilities underlying “operating” leases onto the books of the companies they follow. It is no longer a question as to whether many current operating leases will go onto the books, its merely a question of when and how many!
GLG Study Groups with Ronald Kiima(?)
| Study Group Name | No. Members |
|---|---|
| Commercial Printing Experts | 1361 |
| Managed Care Experts | 680 |
| Financial Statement Analysts - Leaders, Scholars, and Educators | 353 |
| US GAAP Healthcare Specialists | 338 |
| Sarbanes-Oxley Specialists | 312 |
GLG Live Meetings with Ronald Kiima(?)
Upcoming Seminars
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February 10, 2010 | San Francisco
Fundamental: Accounting Red Flags in Distressed Times - Best Defenses for Analysts (San Francisco)
Recent Seminars
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January 20, 2010 | New York
Fundamental: Accounting Red Flags in Distressed Economic Times - Analyst Best Defenses (New York) -
December 10, 2009 | London
Seminar: Most Common Accounting Manipulations and Errors - Best Analyst Defenses (London) -
February 19, 2009 | San Francisco
GLG Seminar: (SF) Assessing Earnings Quality in Distressed Times -
February 12, 2009 | Boston
GLG Seminar: (BOS) Assessing Earnings Quality in Distressed Times -
February 11, 2009 | New York
GLG Seminar: (NYC) Assessing Earnings Quality in Distressed Times