About Us

Accounting Expertise

With over a century of combined experience in applying U.S. GAAP, IFRS, and SEC regulations, the Mind the GAAP team is expert in technical accounting matters. Fortune 500 companies, as well as the world’s largest accounting firms, engage Mind the GAAP to train their professionals, consult on complex deals, and perform other accounting-related projects.

Passion For Training

We take complex concepts and make them easy to understand. With our unique mix of instructional design skills and extensive accounting knowledge, we create training that is informative yet engaging.

Client Focus

We have been auditors and practitioners, and know the challenges our clients face. Our training courses and our accounting consultations are designed to help organizations solve problems. We tailor our classroom and virtual learning training programs to focus only on areas that are relevant to our customers.

Global Reach

We are a global company, serving clients in North America, Europe, Asia, the Middle East and Australia.
Head and shoulders portrait of Scott Ehrlich

Scott Ehrlich

Philadelphia, PA sehrlich@mindthegaap.com 773.732.0654


Executive Resumé

  • Technical expert on U.S. GAAP and IFRS
  • Facilitated training courses for over 25 years
  • Prior to Mind the GAAP, served in the national office of a major accounting firm
  • Graduated from Bucknell University as class valedictorian
  • Awarded the Gold Medal Award for the highest score on the November 1993 CPA exam (state of Connecticut)

“Without a doubt, forming Mind the GAAP has been my most rewarding professional experience. My job description is essentially to help companies try to do the right thing from a financial reporting perspective, through training and consulting. Equally as important, I get to work with truly exceptional people each and every day.”

Scott Ehrlich started Mind the GAAP in 2002 to develop the highest quality, best-in-class U.S. GAAP and IFRS training. Training and personal development has always been one of Scott’s passions. He is an expert at taking complex concepts and making them understandable to all. Having facilitated courses for over 25 years, Scott is very comfortable instructing in large or small group settings. He also understands the benefits and constraints of e-Learning, and has worked with leading organizations to maximize the outcomes from this form of training.

Shortly after delivering one of Mind the GAAP’s first training sessions, Scott recognized that some companies were looking for a “sounding board” – someone with whom they could discuss technical accounting and regulatory questions before forming conclusions and presenting them to the auditors. This observation led to the development of Mind the GAAP’s consulting and advisory service offering. Scott thoroughly enjoys breaking down complex technical issues and trying to find solutions that are faithful to the underlying economics of a transaction, compliant with GAAP regulations, and operational. Recent topical areas that Scott has discussed with clients include lease accounting, share-based payment arrangements, revenue recognition and debt versus equity classification.

Beyond training and consulting, clients trust Scott to perform other important projects, such as creating models to value warrants, developing web-based accounting policy manuals, and managing conversions from local GAAP to IFRS.

Prior to founding Mind the GAAP, Scott was a senior manager at Arthur Andersen, spending his final three years in the firm’s professional standards group. Scott graduated from Bucknell University as class valedictorian and was awarded the Gold Medal Award in the state of Connecticut for the highest score on the November 1993 CPA exam.

In his free time, Scott enjoys traveling and spending time with his wife, Deb, and their two young children.

Head and shoulders portrait of Michelle Lew

Michelle Lew

Perth, Australia mlew@mindthegaap.com


Executive Resumé

  • Based in Perth, Michelle delivers U.S. GAAP and Controllership training throughout Australia and Asia
  • Expert in analyzing complex accounting issues under both IFRS and U.S GAAP
  • Develops innovative group-live and online training courses around a variety of technical accounting topics
  • Bachelor of Commerce (Finance and Accounting) degree from the University of New South Wales
  • Member of the Institute of Chartered Accountants in Australia and CPA Australia

“People who think accounting is cut and dried haven’t worked with Mind the GAAP! Our clients are smart people who ask us tough questions, many in emerging areas of GAAP. My approach is to thoroughly understand the facts and to consider the client’s drivers and constraints. I want to deliver advice with integrity based on sound technical research.”

Since joining Mind the GAAP in 2004, Michelle has developed and delivered numerous technical accounting courses for Mind the GAAP clients, covering U.S. GAAP, International Financial Reporting Standards (IFRS) and aspects of the Sarbanes-Oxley Act. Some of her more recent training sessions address the accounting for business combinations, common differences between IFRS and U.S. GAAP, and revenue recognition “basics” designed for an audience of sales force personnel.

Michelle has extensive experience delivering live training on U.S. GAAP and internal controls throughout Australia and Asia. Her audiences often consist of finance professionals who are new to U.S. GAAP or IFRS.

Michelle also performs research on complex accounting issues for Mind the GAAP clients. Recent consultations have involved the accounting for land use rights, the application of ASC 606 to government contracts, and the classification of warrants and redeemable preferred shares.

Michelle began her career at Arthur Andersen, with assignments in Australia, Asia and the United States. Prior to joining Mind the GAAP, Michelle was a finance manager at a Chicago-based Fortune 500 company. Michelle is a Bachelor of Commerce (Finance and Accounting) graduate of the University of New South Wales in Sydney. She is a member of the Institute of Chartered Accountants in Australia.

Outside of work, Michelle enjoys trying out new cooking recipes for her friends and family.

Head and shoulders portrait photograph of Nicole Karp

Nicole Karp

Boston, MA nkarp@mindthegaap.com


Executive Resumé

  • Creates innovative training programs around internal control and business ethics
  • Authors Mind the GAAP comment letters to standard setters
  • Develops complex valuation models for stock option awards and warrants
  • Graduated with distinction from Cornell University, and earned an MBA from Baruch College’s Zicklin School of Business

“When designing training programs for Mind the GAAP, I put myself in a participant’s shoes. I want to make sure that every audience member takes away important lessons from the training and hopefully has some fun along the way!”

Nicole Karp first began working for Mind the GAAP in 2003. Since that time, Nicole has been designing and developing training programs on a wide range of topics, from highly technical accounting subjects (such as the accounting for variable interest entities) to the internal control implications of allowing social networking at work. Nicole ensures that the programs are attention-grabbing, interactive, and – most importantly – instructive. She also pays special attention to the specific needs of the audience when designing training materials.

In addition, Nicole helps prepare Mind the GAAP comment letters in response to invitations from various standard setters. Nicole developed a number of simple scenarios to highlight possible pitfalls with the FASB’s proposed guidance in its “Revenue Recognition in Contracts with Customers” discussion paper. Certain of these scenarios were subsequently discussed by the major standard setting bodies during roundtable sessions and public meetings.

Prior to joining Mind the GAAP, Nicole worked at GMAC Residential as a Senior Analyst on the Management Reporting team. Nicole was also a member of the Dispositions group at Tishman Speyer Properties and part of the Structured Finance division at Arthur Andersen. Nicole graduated with distinction from Cornell University’s School of Hotel Administration where she concentrated in Financial Management. She also spent a semester abroad studying at the London School of Economics. Nicole went on to earn her MBA at Baruch College’s Zicklin School of Business.

When not working, Nicole is busy chasing after her two young children!

Head and Shoulders portrait photograph of Eliza Ong

Eliza Ong

Hong Kong eong@mindthegaap.com


Executive Resumé

  • Delivers live training courses to finance and non-finance professionals throughout Asia
  • Develops online and classroom training programs on topics such as revenue recognition and asset impairment
  • Writes articles and newsletters on current accounting topics
  • Financial services and regulatory background prior to working for Mind the GAAP
  • Bachelor of Commerce (Accounting) degree from University of Adelaide in Australia – graduated first in her class and a CPA in Australia

“At Mind the GAAP, we recognize that different people have different learning styles. We are flexible and adapt the delivery of our training to connect with the participants, especially when we train across cultures.”

Eliza Ong joined Mind the GAAP in 2008. A qualified Certified Practicing Accountant, Eliza is a member of CPA Australia and has more than 20 years of financial services and training experience.

At Mind the GAAP, Eliza has developed U.S. GAAP courses on topics such as accounting for capital raising activities, impairment of financial instruments and fair value measurements. She has also created “non-technical” training courses on fraud, internal control, ethics and insider trading. Eliza enjoys the challenge of turning complex topics into understandable concepts using pictures, graphs, charts and case studies to illustrate difficult points.

Eliza also leads training courses throughout the Asia Pacific region on corporate governance and U.S. GAAP. Having grown up in Malaysia, Eliza has first-hand experience of being part of a multi-cultural society. And as an avid traveler, she has interacted with people from all over the world. These factors provide her valuable insight into the nuances of training across cultures. Eliza is also comfortable working with a broad range of professionals, including executives, regulators, controllers and their staff.

Prior to joining Mind the GAAP, Eliza was Vice President, Corporate Planning and Support, Finance at RHB Bank. Before that, Eliza was the Manager of Structured Finance Ratings at Rating Agency Malaysia. At one point, she was seconded to the Central Bank of Malaysia to serve in the Corporate Debt Restructuring Committee secretariat. Eliza began her career at Arthur Andersen. She graduated top of her class from the University of Adelaide in Australia, with a Bachelor of Commerce in Accounting.

Working at Mind the GAAP, Eliza is thrilled to be able to combine work with her joy of traveling.

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