Michael L. Gullette CPA

Michael L. Gullette, Vice President, Accounting and Financial Management

Arriving to the American Bankers Association in February 2009, Mike works with the FASB, the IASB, and the U.S. banking regulators in helping bankers understand and implement policies and regulations related to accounting, financial reporting, internal controls, and capital management. Mike was very active not only in both the CECL and IFRS 9 standard-setting processes, leading the industry’s evaluation of each of the several different impairment models considered by FASB. He was the only non-regulator participating in both the small and large bank CECL workshops held by FASB in 2014 and 2015 and also was a reviewer of the various staff working drafts of CECL. Mike is author of the ABA Discussion Paper CECL Implementation Challenges: The Life of Loan Concept and various other CECL resources and other CECL resources.

Mike brings to the ABA over thirty years of experience in the financial services industries. Mike started his career as a Senior Manager for Ernst & Young, where he concentrated on financial institutions. He has been CFO of an international charity and was a director of accounting policy implementation at Freddie Mac. He also has been controller of a life insurance company, implementing FASB Statement 97, which changed the recognition of revenues and expenses in the industry using long-term forecasts of the future – much like CECL.

A graduate of the University of Virginia, Mike is a Certified Public Accountant, and holds various other professional designations, including Certified Financial Planner and Certified Information Systems Auditor.