Philip Ameen
Vice President & Comptroller, General Electric

Philip Ameen is Vice President and Comptroller at General Electric Company. He is a native of North Carolina and an alumnus of the University of NC-Chapel Hill. A Certified Public Accountant, Philip was Sells medalist in the May 1972 CPA exam, and was a technical audit Partner in the Executive Office of Peat Marwick Mitchell & Co until 1985 when he joined GE Capital in Stamford. Following three years of increasing responsibility in GECC's lending, leasing and mergers and acquisitions activities, Philip was selected to join GE's headquarters staff, supporting GE's then CFO. In his present position, Philip is responsible for the accounting and financial reporting consequences of the various transactions of the diversified GE businesses, and is responsible for all of GE's external reporting, including accounting and reporting by GE's financial services businesses. He leads a distributed GE controllership team comprising approximately 2,000 Chartered or Certified Public Accountants.

Philip's experience in accounting standards setting is extensive:

• Trustee of Financial Accounting Foundation
• Member of the International Financial Reporting Interpretation Committee of the International Standards Board
• Member of the Center for Excellence in Accounting and Security Analysis (CEASA) Advisory Board
• Chairman of the Financial Executives Institute's Committee on Corporate Reporting
• Member of the FASB's Emerging Issues Task Force (11 years, then the longest service period of any EITF member)
• Member of the AICPA's Accounting Standards Executive Committee, where he chaired the working group responsible for Statement of Position, "Internal Use Software"