Congratulations to WebFilings own Bob Herz! Bob was inducted today into the Accounting Hall of Fame at the 2012 American Accounting Association's annual meeting held at the Gaylord National in Washington, DC. The impact Bob has made on the field of accounting is evident in the accolades he has received. Bob is both a U.S. Certified Public Accountant, a U.K. Chartered Accountant, and a gold medal winner on the uniform CPA examination. He has testified many times in front of Congress, chaired various professional committees and served on numerous task forces, public policy commissions and governmental advisory groups concerning key issues confronting financial reporting and the accounting profession both domestically and internationally.
Bob Herz served with great distinction as Financial Accounting Standards Board (FASB) Chairman for over eight years during some very challenging times. His greatest contribution was his untiring work to converge accounting standards worldwide while not sacrificing the high quality of U.S. standards in the bargain. Today Bob continues to serve the profession in many capacities, and I think he’s a terrific choice for the Accounting Hall of Fame!
“Robert H. Herz has had a more interesting career than any accountant deserves," observed an article in The Economist. Bob Herz was Chairman of the FASB, from 2002 to 2010. Previously, he was a senior partner with PricewaterhouseCoopers and North America Theater Leader of Professional, Technical, Risk & Quality, President of the PricewaterhouseCoopers Foundation, and a part-time member of the International Accounting Standards Board. Bob is currently a member of the board of directors of Morgan Stanley and Fannie Mae, trustee and vice chair of the Kessler Foundation, a member of the Accounting Standards Oversight Council of Canada, the Standing Advisory Group of the PCAOB, and advisory boards of WebFilings, AccountAbility.org and the Manchester Business School in England. Bob is a graduate of the University of Manchester in England with a B.A. first class honors degree in economics, graduating at the top of his class and is currently a member of the faculty of Columbia Business School. The Accounting Hall of Fame was established at The Ohio State University in 1950 for the purpose of honoring accountants who have made or are making significant contributions to the advancement of accounting since the beginning of the twentieth century.