CURRICULUM VITAE. Semifinalist candidate for General Comptroller of the United States of America.

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1 CURRICULUM VITAE Ileana M. Colón Carlo, Esq., CPA, CFE, CVA Hato Rey, Puerto Rico WORK EXPERIENCE February 2001 to present - Member [Blue Ribbon] Commission of Citizens to Evaluate Government Transactions Independents August 2000 to present - Board Member Carlos Albizu University September 1998 to present - Opinion Columnist at El Nuevo Día July 1999 to present - Board member RG Premier Bank, RG Financial and RG Investments April 1999 to May Chief Administrative and Financial Officer for McConnell Valdés. The largest law firm in Puerto Rico, with 150 attorneys and 150 support personnel. January 1,1998 to March, Central University of Bayamon. Full professor of the Business Administration Masters Degree Program. I thought courses of accounting, auditing and income taxes. In addition, I am a consultant for legal and accounting matters. Coauthor of the training manual for the U.S. Agency for International Development for the Detection and Investigation of Fraud. International instructor of said course in Latin America. Semifinalist candidate for General Comptroller of the United States of America. October 1987 to October Comptroller for the Commowealth of Puerto Rico Appointed by the Governor of Puerto Rico and confirmed by the Senate and House of Representatives as Comptroller for the Commonwealth of Puerto Rico. The appointment is for 10 years, according to the Constitution. As Comptroller I was responsible for overseeing the proper use of revenues and expenses of all public accounts. Public accounts include those of municipalities, agencies, public corporations and instrumentalities of the Executive, the Legislative and the Judicial branches.

2 March - June Sole Practitioner and Tax Consultant Directed the Technical and Drafting Committee of the Tax Reform Act of Worked directly for the Secretary of the Treasury. The Act was enacted in October, August February Tax Partner, Arthur Andersen & Co. Began professional career with the international firm of Certified Public Accountants, Arthur Andersen & Co. (San Juan Office). Promoted to Senior in 1973, Manager in 1976 and became first woman partner in September, Worked two years in auditing and, later, in taxes culminating career at the beginning of PROFESSIONAL ACTIVITIES 2001 Author of autobiography Cosas de la Vida 1998 Board member of Central University of Bayamon (1998 to 1999) and R.G. Financial Corp. Member of the National Association of Certified Valuation Analyst 1997 Member Certified Valuation Analyst 1997 Member of the Federal Bar Association 1996 Member of the Puerto Rico Bar Association 1995 Member of Board of Regents of the Association of Certified Fraud Examiners, Austin, Texas 1992 Honorary member of the Golden Key National Honor Society 1989 Member of the Association of Government Accountants Designated by Governor of the Commonwealth as member of the Board of Accountancy Appointed by the Governor of Puerto Rico as a member of the Excellence Fund to select the top 100 teachers in Puerto Rico's public school system Member of the Board of Directors of the Puerto Rico Chamber of Commerce; elected third Vice President of the Chamber. In 1986, presided the Chamber's Quality of Life Committee.

3 1982 President of the Puerto Rico Society of Certified Public Accountants. First woman to preside the Society Presided drafting committee for the Puerto Rico Society of Certified Public Accountants for the regulations concerning the Individual Retirement Accounts Member of various working committees of the Puerto Rico Society of Certified Public Accountants, including public relations and taxes Member of the American Institute of Certified Public Accountants and the Puerto Rico Society of Certified Public Accountants Director, Secretary and Vice President of the National Association of Accountants EDUCATION (Bilingual, Spanish and English) 1998 Certified Valuation Analist (CVA), from the National Association of Certified Valuation Analist 1995 InterAmerican University Law School, J.D.(Magna Cum Laude) 1995 Metropolitan University, Doctor (Honoris Causa) in Business Administration 1993 Certified Fraud Examiner (CFE) 1986 Real Estate License 1976 Certified Public Accountant (CPA) 1971 University of Puerto Rico, Río Piedras, B.A. in Business Administration with major in accounting. (Honorable mention for 3.5 grade point average, major in accounting).! "#$ %#& ')( *+' &,-&./ ' HONORS AND RECOGNITIONS 2001 Distinguished Women in Puerto Rico awarded by the Chamber of Commerce of Ponce and the Southern part of Puerto Rico 2000 Awarded the Luis Muñoz Marín Medal (first governor of the Commonwealth of Puerto Rico) as distinguished person in the Public Sector and Exemplary Citizen

4 1998 Coqui Awards by the Union de Mujeres Americanas 1997 Distinguished Alumni of the Interamerican University of Puerto Rico 1997 Civil Servant of the Year , presented by the Puerto Rico Association of Realtors 1997 Puerto Rico Bar Association Special Resolution of June 1997, in recognition to the excellent performance as Comptroller of the Commonwealth of Puerto Rico 1997 Ten Years of Exceptional Public Service as Comptroller of the Commonwealth of Puerto Rico, awarded by The International Consortium on Governmental Financial Management 1996 Honored by the Alumni Association of the University of Puerto Rico as Distinguised Alumni 1996 Exceptional Service in the Public Interest, presented by de Federal Bureau of Investigation (FBI) 1996 Exemplary Public Official, presented by the Student Council of Universidad del Sagrado Corazón 1996 "Belleza Inteligente" Award, presented by Elizabeth Arden 1995 Distinguished Executive, Service Area - Ponce and South of Puerto Rico Sales and Marketing Executives Association, Inc Public Servant of the Year, presented by the Puerto Rico Products Association 1994 Urbanity Award, presented by the Women's Civic Club 1993 Lorencita Ramírez de Arrellano de Ferré Award, "Magna Agueybaná de Oro", presented for "Most Outstanding Woman in Puerto Rican Public Life" 1993 Honored by Altrusa International, Inc., Hormigueros-Mayaguez, for integrity and professionalism in the performance of duties as Comptroller of Puerto Rico Special Award presented by the Puerto Rico Society of Psychologists for outstanding accomplishments

5 1992 Comptroller'sAward presented by the Comptroller of New York City for leadership and productivity as Comptroller of Puerto Rico 1991 "Cruz Anzata" Recognition, highest honor conferred by the Bayamón Central University 1991 Quality of Life Award presented by the Puerto Rico Medical Association 1991 Honored by the Puerto Rico Society of Certified Public Accountants for Distinguished Service and Accomplishments in Government 1991 Recognition by the Marketing, Industry and Food Distribution Association (MIDA) in the category of Valuable Service to Government 1990 "Mujer con Imagen", for integrity and dedication in the performance of duties as Comptroller of Puerto Rico 1990 Inspector General'sIntegrity Award for significant collaboration with the Office of the Inspector General of the United States (HHS) 1990 Special recognition from the Puerto Rico Society of Certified Public Accountants for implementing the Corrective Action Plan in the Office of the Comptroller 1990 Outstanding Woman in the Office of the Comptroller, presented by the Puerto Rico Bar Association 1989 Woman of the Year in Public Service, presented by Multimedia Television 1989 Distinguished Citizen, presented by the Puerto Rico Chamber of Commerce 1988 "Luminaria" award for distinguished services as Comptroller given by J.C. Penny's 1984 Recognition by the "Unión de Mujeres Americanas" for excellent work as President of the Puerto Rico Society of Certified Public Accountants 1983 Resolution of the Governing Board of the Puerto Rico Society of Certified Public Accountants for her role as past president and her defense of the CPA licencing requirements 1982 Distinguished Professional Woman in the Service Sector, presented by the Puerto Rico Chamber of Commerce

6 OTHER COURSES 1988 Seminars in government auditing 1987 Computer training: Lotus 1,2,3, WordPerfect and basic programming Attended and passed the following courses at the Arthur Andersen Professional Training Center, St. Charles, Illinois: 1986 Real Estate Course 1985 Income and other taxes in Latin America: Argentina, Mexico, Colombia, Brazil 1978 Effective Bargaining and Marketing 1976 Recruitment and Evaluation of Human Resources 1976 Interpersonal Relations, Presentations and Effective Communications 1977 Estate Taxes and Donations 1974 Tax aspects of Real Estate, Corporations, Shareholders, Partnerships and Expatriates 1973 Federal Taxes, Basic and Intermediate 1971 Basic auditing course PERSONAL INFORMATION Birth: February 6, 1949 Civil Status: Married Citizenship: U.S. Hobbies: Tennis, windsurfing, traveling, reading, skiing, jogging, sharpshooting OTHER PROFESSIONAL RESPONSIBILITIES Instructor in basic and specialized courses in taxes at the Arthur Andersen Training Center in St. Charles, Illinois. Revision and preparation of summary of Tax Rules and Procedures for Argentina, Brazil, Colombia and Mexico in order to establish uniform rules for professional work in those countries.

7 Presentations at national and international forums on Government Corruption and how to reduce it. Seminars for heads of agencies and municipalities about the Corrective Action Plan, sound government and many other subjects. Weekly television program "Cuentas Claras" (Accountability). Business articles and public presentations Revised: August 2002

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